Sentences with phrase «stated in policy»

While there's no hard and fast rule, most manufacturers will fix hardware - related issues without any fuss (much like Motorola stated in their policy above).

Term life insurance is only good for the period of time stated in the policy, after which you will either have to renew the policy, convert it to whole life insurance, or forfeit the money you have paid in.

Premium for a life insurance policy that may change over the policy's life, depending on the company's operating experience, but not higher than the maximum amount as stated in the policy.

Where he disagrees with the terms and conditions stated in the policy, he has the option to return the policy, stating the reasons for objection.

Renters insurance will repair or replace your personal property up to the limit stated in your policy.

Regular payment of premiums builds a financial corpus, which can be withdrawn partly and the remaining can be utilized to provide pensions to the insured as stated in the policy.

A type of Life insurance wherein the sum assured is payable to the policyholder if living, on the maturity date stated in the policy, or to a beneficiary if the insured dies prior to that date.

Death Benefit: In life insurance, the face amount, as stated in the policy, to be paid upon proof of death of the insured.

Therefore, a provider must pay medical expenses first according to the maximum amount stated in the policy.

Once a policy lapses, the insurer is not under any legal obligation to provide the benefits stated in the policy.

The top up plan of United India covers hospitalization expenses at a cost effective price during the policy period exceeding the threshold level upto the sum insured stated in the policy.

The personal property coverage limit stated in your policy is the maximum amount your renters insurance will pay out after a covered loss.

For example, if your car is broken into outside your condominium, in most cases the damage to the car will be covered by your auto policy, but the loss of any personal effects stolen from the vehicle will not be covered by a car policy unless specifically stated in the policy.

Homeowners, condo and renters insurance policies typically cover personal property (up to the limits stated in the policy), but to file a claim, you'll need to know what's gone.

The amount stated in a policy contract as payable upon the death of the person whose life is being insured.

Some term life plans offer you the option of being able to convert your term insurance into a permanent life insurance policy by a specified date stated in your policy.

This is because, with the help of an effective life insurance plan, the insurance company will pay a predetermined sum of money after your death to the beneficiary as stated in the policy's documents.

In this plan, the sum assured amount which the insurer promises to pay would be provided to the nominee or beneficiary as stated in the policy document in case of insured's death.

The more expensive option pays both the amount stated in the policy as well as the accumulated savings.

The Policy covers aggregate hospitalization expenses incurred in India during the policy period exceeding the Threshold Level or any amount reimbursed or reimbursable under any Health Insurance Policies / Reimbursement Scheme whichever is higher, up to the Sum Insured stated in the policy.

Premiums will increase annually but will never exceed the maximum premium stated in the policy.

If the Health Claims Department processes a payment for a partial month, the payment is based upon 1 / 30th of the monthly benefit for each day of disability, as stated in the policy.

Terminal illness riders and critical illness riders on life insurance policies release a sizable chunk of the policy's death benefit to the policyholder while he / she is still alive, allowing the usage of the death benefit funds on valid diagnosis of one of the critical or terminal illnesses stated in the policy.

(back to top) Death Benefit: In life insurance, the face amount, as stated in the policy, to be paid upon proof of death of the insured.

Assuming the first thought is so, the answer is that it may be stated in your policy or under the «right to know» sections of your policy illustration.

There is no need to disclose about the newly acquired habits like smoking or drinking to life insurance company (unless or otherwise stated in the policy document).

If you pay the Short Term No - Lapse Guarantee Premiums stated in your policy then the no - lapse protection that comes with the policy will prevent a policy lapse from 4 to 20 years depending on your age at issue.

If these estimates change in later years, the company will adjust the premium accordingly but never above the maximum guaranteed premium stated in the policy.

Therefore, the actual premium that the policyholder will pay is never more than the maximum premium stated in the policy's contract.

The premiums, death benefits and cash values are stated in the policy.

The policy pays upon the death of the insured or when the insured person reaches a specific age stated in the policy.

If, however, the senior insured dies after owning the policy for longer than two years, and then the beneficiary would be able to receive the full amount of the death benefit that is stated in the policy.

So if, for instance, a tree falls on your pool, homeowners insurance will likely help pay for repairs, up to the limits stated in your policy.

Theft is typically a peril covered by renters insurance, so if some of your belongings are stolen as you move, your policy may provide some coverage — up to the limits stated in your policy.

The deductible for each coverage in your homeowners policy is stated in your policy declarations.

This rider allows customers to purchase additional insurance coverage together with their base policy in the period that is stated in the policy without the need for additional medical examination.

Basically, the insurer has two years (it's stated in the policy) to challenge the information you provide in your application for coverage.

However, if you outlive the return of premium term life policy you will get your premiums back, except for any expenses stated in the policy that the insurer keeps.

Although the former type of rider will assess the policyholder an extra charge up front in the form of a period fee, this type of benefit will pay out the full amount that is stated in the policy.

If your home was burglarized or items were damaged in a covered incident, Petri says this coverage would help pay to replace your property up to the limits stated in your policy.

Your policy covers your personal property, anywhere in the world, for the limit stated in your policy.

The insurance benefits provided by this policy are stated in your policy documents and do not include additional benefits required by PPACA.

Whichever you choose, the Extended No - Lapse Guarantee rider covers 100 % of the total specified amount — the coverage stated in your policy.

Commencement The date indicated in the policy schedule on which the insurance commences, unless otherwise stated in the Policy Conditions.

Hospital expenses will be paid as per the pre-determined rates stated in the policy.

Pays necessary medical costs for people (other than residents of your household) accidentally injured at your residence or elsewhere due to your activities or due to your pet, regardless of liability, up to the coverage limit stated in your policy.

In other words, you're guaranteed not to have a lapse in coverage as long as you pay your minimum premium as stated in your policy.

This coverage may help pay to repair or replace the structure — up to the limits stated in your policy — if it is damaged by a covered loss.

If the insured dies before age 70, the death benefit is paid out to the beneficiary stated in the policy.

In consideration of the payment of premium calculated in the manner stated in the policy to which the rider is attached, it is hereby agreed that for additional premium the policy is amended as follows: Any Exclusion under this Plan for «declared or undeclared war or any act thereof» is waived for an Insured Person's loss caused in whole or in part by, or resulting in whole or in part from, declared or undeclared war or any act of declared or undeclared war, subject to the following restriction: The waiver only applies with respect to accidents that occur within the geographic limits or territorial waters of, or airspace above the geographic limits or territorial waters of a Designated War Risk Territory (as defined herein).