Sentences with phrase «termination of the policy before»

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.

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.

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.

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.

Not exact matches

The termination of insurance coverage by either the policyholder or the insurer before the official end of the policy term.

He had previously attended a training session and acknowledged his understanding of the employer's policy of allowing workers with a dependency or addiction to seek rehabilitation without fear of termination, provided they sought assistance before an accident occurred.

Flat Rate Cancellation - Termination of the insurance policy before it goes into effect.

However, premature withdrawal of funds from an FD or termination of the same is not a general policy and needs to be reviewed by the Bank before it is allowed.

Policy Termination or Surrender Benefit: In case the insurance holder wants to surrender the policy before completion of the first 5 years of the policy term, then the plan will be ceased and the fund value will be transferred to the discontinued policy fund where a minimum 4 % per annum growth is ePolicy Termination or Surrender Benefit: In case the insurance holder wants to surrender the policy before completion of the first 5 years of the policy term, then the plan will be ceased and the fund value will be transferred to the discontinued policy fund where a minimum 4 % per annum growth is epolicy before completion of the first 5 years of the policy term, then the plan will be ceased and the fund value will be transferred to the discontinued policy fund where a minimum 4 % per annum growth is epolicy term, then the plan will be ceased and the fund value will be transferred to the discontinued policy fund where a minimum 4 % per annum growth is epolicy fund where a minimum 4 % per annum growth is earned.

Termination of an insurance contract before the end of the policy period, by the insured or insurer, usually in accordance with provisions in the contract.

The termination of an insurance contract before the end of the policy period, either by the insured or insurer.

A provision that if the group policy terminates or is amended so as to terminate the insurance of any class of insured persons, every person insured under the policy at the date of the termination whose insurance terminates, including the insured dependent of a covered person, and who has been so insured for at least five (5) years before the termination date, is entitled to have issued by the insurer an individual policy of life insurance.

Cancellation: Termination of an insurance contract before the end of the policy period, by the insured or insurer.

Pro Rata Cancellation: Termination of an insurance contract before the policy expiration date on which the premium returned to the insured person is adjusted in proportion to the amount of time the policy was in effect.

The application for revival is made within 2 years from the due date of the first unpaid premium and before the termination date of ICICI term insurance policy.

Policy Termination or Surrender Benefit - The policy coverage ceases, if it is surrendered before the completion of 5 Policy Termination or Surrender Benefit - The policy coverage ceases, if it is surrendered before the completion of 5 policy coverage ceases, if it is surrendered before the completion of 5 years.

Termination of an insurance policy before its expiration date.

\ nA renewable policy allows the policyowner to renew the coverage simply by paying additional premiums before the termination date without having to provide evidence of insurability (i.e. proving good health) Note: most insurance providers limit the number of times you can renew such a policy or set an age limit for renewals so make sure to pay attention to this when shopping for term life insurance if you plan on renewing your policy for some time.

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.

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.

Payments will only be made on claims resulting from pollution events that occurred after the policy's retroactive date but before the date of termination.