Sentences with phrase «risk commencement»

Date of risk commencement for children age of less than 8 years is 2 years.

In case of unfortunate death of the policy holder death risk commencement, only premium paid will be paid back.

Date of commencement of risk - Risk commencement starts from the day one i.e. when the policy is taken.

The policy offers coverage for a period of one year from the date of risk commencement, subject to receipt of premium.

After risk commencement, the Sum Assured along accrued bonuses, if any would be paid as the Death Benefit

# Annualized premium is the premium selected by the policyholder at risk commencement date, excluding GST

# Annualized premium is the premium selected by the policyholder at risk commencement date, excluding GST

On Death: (A) Before Risk commencement: Sum of total premiums paid will be Refunded after deduction of taxes, rider and extra premium (if any).

In the event of the Life Assured committing suicide (be it sane or insane) at any time within one year from risk commencement date, Jeevan Ankur Policy by LIC gets terminated.

For Affinity group where there is a lender borrower relationship this would mean a period of one year 365 days cover with respect to member joining date of the scheme from the respective risk commencement date of the Insured member.

Note: 8 Years is minimum age of risk commencement under this policy and Loyalty Addition is applicable only after 5 years of successful policy term.

(B) After Risk commencement: Death Sum Assured along with vested Simple bonuses and final additional bonus (if any) will be payable.

Please Note: Under this policy, the minimum age of risk commencement is 8 Years.

Suicide Exclusion: If the Life Assured commits suicide within one year from the risk commencement date or revival date, if revived, whether sane or insane at that time, the Company will limit the Death Benefits to the Fund Value as available on the death date and no insurance benefit will be payable.

Suicide Clause: In case an insured member commits suicide within 12 months from the risk commencement date of the member, his / her nominee will receive 80 % of the premiums paid in respect of the insured member.

If the life assured commits suicide (whether sane or insane) within one year of the date of risk commencement.

Suicide Exclusion: If the life assured, whether sane or insane, dies due to suicide within 12 months from the date of inception of the policy (effective date of risk commencement) or the date of revival of policy, the policy shall terminate immediately.

In case of any eventuality after the date of risk commencement, the nominee is entitled to all the death claim benefits.

Date of risk commencement: It is the date from which the risk cover of an accepted proposal form starts.

In case of death of the child, i.e. the Life Insured after the risk commencement then the nominee would get Sum Assured + accrued Bonus till date.

In case of death of the child, i.e. the Life Insured before the risk commencement then the nominee would get only the basic premiums paid till date.

Notwithstanding anything stated herein, if the Life Insured, whether sane or insane, dies by suicide within 12 months of the effective date of risk commencement or the date of revival of policy, the policy shall terminate immediately.