Sentences with phrase «than it insured during»

Not exact matches

a. Death Benefit (other than death due to Accident)-- During Waiting period of 90 days: In case of the death (other than due to Accident) of the Life Insured during the Waiting Period of 90 days, the Death Benefit payable will be 100 % of premiums paid till the date of death, exclusive of applicable During Waiting period of 90 days: In case of the death (other than due to Accident) of the Life Insured during the Waiting Period of 90 days, the Death Benefit payable will be 100 % of premiums paid till the date of death, exclusive of applicable during the Waiting Period of 90 days, the Death Benefit payable will be 100 % of premiums paid till the date of death, exclusive of applicable taxes.

The cost of the policy is certain to be higher than the actuarial cost (cost of claim x probability of claim during insured time period) of repair / replacement of a failed system, as the insurer would need to cover sales costs, operating expenses and profit in addition to the direct policy cost of system replacement.

Prior to the great recession approximately half of the municipal bonds outstanding were insured and during that time insured bonds were more in demand than un-insured bonds.

While initial premiums are higher than with a typical term policy, it is possible for coverage to continue until death of the insured, and cash value may accrue in the policy on a tax - deferred basis that can be used to help meet financial needs during your life.

(c) pay all amounts, if any, that were withheld during the period of non-compliance, if the insured person provides, not later than the 10th business day after the failure or refusal to comply, or as soon as practicable after that day, a reasonable explanation for not complying with that subsection.

(ii) pay all amounts, if any, that were withheld during the period of non-compliance if the insured person provides not later than the 10th business day after the failure or refusal to comply, or as soon as practicable after that day, a reasonable explanation for not complying with that subsection.

(1) If an insured person sustains an impairment as a result of an accident, the insurer shall pay for reasonable and necessary expenses incurred not more than 104 weeks after the accident by the following persons as a result of the accident in visiting the insured person during his or her treatment or recovery:

(c) pay all amounts, if any, that were withheld during the period of non-compliance, if the insurer determines that the insured person sustained a catastrophic impairment and the insured person provides not later than the 10th business day after the failure or refusal to comply, or as soon as practicable after that day, a reasonable explanation for not complying with subsection 42 (10).

(b) pay all amounts, if any, that were withheld during the period of non-compliance, if the insurer determines that the insured person is entitled to any specified benefits and the insured person provides not later than the 10th business day after the failure or refusal to comply, or as soon as practicable after that day, a reasonable explanation for not complying with subsection 42 (10).

(c) pay all amounts, if any, that were withheld during the period of non-compliance if the insured person provides not later than the 10th business day after the failure or refusal to comply, or as soon as practicable after that day, a reasonable explanation for not complying with subsection 42 (10).

With this plan, accidental death may be covered in full during the first two years, and full coverage will be paid out if the insured dies after being covered for more than two years.

When / if the primary insured dies during the life of the policy than the death benefit will be paid to the beneficiary.

This policy provides a graded benefit, which means that if death of the insured that is due to natural causes — in other words, death that is caused by means other than an accident — during the first two years in which the policy has been in force, the named policy beneficiary will only receive back all of the premiums that were paid in, plus 10 percent, as versus the face amount of the policy.

If the insured dies during the first two years of the policy, for a reason OTHER than an accident, the carrier will only return the premiums paid plus some interest.

If you have more than one accidental bodily injury during the trip, Manulife will pay the applicable insured sum only for the one accident that entitles you to the largest benefit amount.

When the insured person who is the parent faces death within the term of the SBI child plan, the Sum Assured is paid to his nominee which should not be lower than 105 % of the premiums paid during his lifetime.

This plan also provides cover during the travel period in the form of compensations against lost luggage post check in, and purchase of consumable goods owing to delay in the handing over of the checked in luggage of the insured individual by the carrier for more than 12 hours.

So someone diagnosed at age 65 with late onset diabetes is less of a risk for life insurance companies to insure than a 35 - year - old who was diagnosed during adolescence.

This plan also provides cover during the travel period in the form of compensations against lost luggage post check in, any kind of delay in the flight, accommodation and travelling expenses borne by the individual due to missed flight, or expenses incurred on purchase of consumable goods owing to delay in the handing over of the checked in luggage of the insured individual by the carrier for more than 12 hours.

Rather than reimbursing the insured for his or her medical expenses the way that a health insurance policy does, the critical illness rider provides funds to use for any purpose that the insured sees fit during their course of treatment.

Like the ICICI plan the premium for this plan is slightly higher than the usual market rate, however in case of untimely death of the insured during the coverage period, the sum assured will be paid out in full to the beneficiary.

The insurer will reimburse the insured, up to the Maximum Limit shown on the Schedule of Benefits for the cost of necessary personal effects purchased by the insured during the Trip, if the insured's baggage is delayed or misdirected for more than 12 hours from the time the insured arrives at the Destination (other than the insured's return destination) provided the insured is a ticketed passenger on a Common Carrier and the delay or misdirection is verified by the Common Carrier.

Many term life policies do allow prorated refunds at some point during the life of the policy, during the insured's lifetime, although such refund is usually «short rated», that is, it is significantly less than the imputed value of the refund if calculated using conventional tables, using the rate of return specified in the insurance contract.

Term policies that end during an insured person's younger years also tend to be less expensive than those that end later in life.

In case of death of the insured during the policy period, death benefit is paid to the nominee which is highest of — 10 times of annualized premium (7 times for ages more than 45) or 105 % of all the premiums paid till the death of the insured, sum assured

Death Benefit: In case of the death of the life insured, during the policy term, the nominee is liable to receive the Death Benefit, which is higher of the following but never less than 105 % of total premiums paid to date:

In case of death of the life insured during the policy term, the nominee / beneficiary receives an amount which is higher of life cover as mentioned in the policy, 10 times the annualized premium, if less than 45 years of age) and 7 times for 45 years or above, or 105 % of all the premiums paid (as on the date of death).

It was limited to individuals with an income less than 2000 Mark per year and guaranteed the insured person a 60 % minimum income during sickness.

Sum Assured is deducted to the extent of partial withdrawals: Up to the age of less than 60 years of the life insured, Sum Assured is reduced to the extent of Partial Withdrawals made during the last two years prior the date of death.