Sentences with phrase «termination of the policy»

In case of early termination of the policy, the surrender value payable may be less than the total premium paid.

In case of termination of policy, the fund value is payable.

Many insurers put on a penalty for premature termination of the policy.

All it takes is a phone call or letter requesting termination of your policy on a particular date.

Surrender value is given under earlier termination of policy subject to certain criteria.

Most auto insurance providers have a cancellation policy that includes fees that come with early termination of your policy.

Termination of the policy occurs on the death of the life assured.

The money which is guaranteed to the Policyholder in the event of voluntary termination of the policy before maturity date is called the Guaranteed Surrender Value.

Termination of the policy also occurs on payment of the Death Benefit.

Any of the below - mentioned events result in termination of the policy and no further benefits are offered to you:

The cash value payable by the insurance company on termination of the policy contract at the desire of Policyholder but before the expiry term is known as Surrender Value.

The money which is guaranteed to the Policyholder in the event of voluntary termination of the policy before maturity date is called the Guaranteed Surrender Value.

Children's Rider: This rider will provide life insurance protection for your children up to age 25, the 65th birthday of the insured or until termination of the policy.

Cash Surrender Value - The amount available in cash upon voluntary termination of a policy by its owner before it becomes payable by death or maturity.

Or the insured's 65th birthday or upon termination of the policy.

Buying a life insurance policy is a long term commitment and early termination of the policy usually involves high costs and the Surrender Value payable, if applicable, may be less than the total premiums paid.

Termination of the policy also occurs on payment of the Surrender Benefit, Maturity benefit or the Death Benefit.

Termination of the policy occurs on the death of the annuitant.

Cash surrender value refers to the amount of money that an insurance company will compensate a life insurance or annuity policyholder in case of a voluntary termination of the policy before it matures or the death of the insured.

Under «Wealth Plus» variant, if waiver of premium is opted and has already been activated under the policy, then, the present value of future waiver of premium installments, discounted at 4 % p.a., shall be paid on termination of policy.

Due to the high payout of endowment life insurance policies at the end of the term, insurance companies typically impose penalties and charges for delinquent payment of premiums as well as premature termination of the policy.

By definition, the paid up value of a life insurance policy is the value an owner receives from the insurer upon default or surrender or early termination of the policy before its maturity or the insured's death.

In case of termination of the policy, before the completion of the policy term, the top up fund value will be paid along with the base premium fund value irrespective of the lock - in period for top up.

Unpaid policy loans and accrued interest count against your total death benefit or surrender value at the time of claim or termination of the policy.

§ 94.09 required insurance companies to notify insureds of the termination of their policy for failure to have this type of inspection.

In the event of cancellation or termination of a policy before its actual completion date, the insurance company must refund the portion of the total premium for which the time has yet elapsed.

Generally speaking, convertible term insurance is a guaranteed renewable insurance coverage that entails that as long as the payments are made on time, the option to convert the policy would remain possible and the termination of the policy would be impossible.

Lapse is the termination of the policy due to non-payment of the regular premiums or, with a permanent Life Insurance plan, due to the depletion of the cash value below the fixed limit.

Termination of this Policy will not affect a claim for loss that occurs after premium has been paid.

The Children's Term Life Insurance Rider provides term coverage up to age 25, the expiry date of the rider or termination of the policy — whichever is earlier — for all covered children of the insured.

Exercising the ROP Rider will result in the termination of the policy.

It also helps the insurer offset additional costs incurred due to early termination of your policy.

Top Grace period clause Late premium payments can result in the termination of your policy.

Providing false information about any of these statistics is grounds for termination of your policy or decreasing the policy's worth or increasing the policy's premiums.

Commute up to one - third of the benefit amount available on the termination of the policy, or to the extent allowed under the Income Tax Act, and utilize the balance amount to purchase an immediate annuity plan offered by ICICI Prudential at the then prevailing annuity rate

Make wise use of Net banking and automate your premium payment because delaying may lead to termination of policy.

Unpaid policy loans and accrued interest count against your total death benefit or surrender value at the time of claim or termination of the policy.

Termination of the policy also occurs on payment of the Maturity benefit or the Death Benefit.

Termination of the policy also occurs on the payout of the Death benefit or the Maturity Benefit.

Termination of the policy also occurs on payment of the death benefit or on the Maturity Benefit.

Surrender or Termination of Policy: The policyholder can surrender the plan after the completion of first five policy years.

Termination of the policy or Benefits after surrendering: The policyholder is allowed to surrender the policy after completion of five years, provided all the premiums have been paid.

On the unfortunate demise of the annuitant, the payouts stop and no more benefits are paid, resulting in the termination of the policy.

Tail reporting coverage, also known as extended reporting endorsements cover, is a type of insurance that covers the incidents that occurred within the tenure of the indemnity insurance but was not reported until the termination of the policy.

Policy Termination or Surrender Benefit: The Discontinuation or termination of the policy is possible if the policyholder provides a written request to PNB Metlife, seeking to discontinue the policy or premium payment under the policy.

Termination of the policy occurs on payment of the Surrender Value or the Death Benefit or Maturity Benefit.

Termination of the policy occurs at the earliest of the following:

Under the «Wealth Plus» variant, if waiver of premium is opted and has already been triggered under the policy, then, on termination of policy, the present value of future waiver of premium installments, discounted at 4 % p.a., shall be paid.

Policy Termination or Surrender Benefit: Termination of the policy occurs on payment of the Maturity benefit or the Death Benefit.

On the unfortunate demise of the annuitant, the payouts stop resulting in the termination of the policy.