Sentences with phrase «time during the policy period»

Term life insurance lasts for a designated period of time and allows the insured to covert to permanent insure at any time during the policy period (before the age of 70).

However, if you do get sick any time during the policy period, it will be after the 5 years is up when you will run into problems.

A critical illness insurance plan guarantees you a lumpsum amount on the diagnosis of any of the pre-listed critical illnesses any time during the policy period.

: The policy may be surrendered any time during the policy period.

SO, for instance, if you buy a tern plan of Rs., 50 lacs as the Sum Assured, your family will get the said amount if you pass away any time during the policy period.

The nominee can be changed by the policyholder any time during the policy period by giving a notice to the insurer.

Not exact matches

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

A single - arm evaluation of a policy utilizing monthly sales volume and revenue data provided by the contracted vendor during baseline, machine conversion and post-conversion time periods.

During this time period, a new eSET policy increased the rate of eSET from nearly 53 percent to nearly 83 percent, while multiple pregnancies decreased from nearly 11 percent to just over 4 percent.

Upheaval and uncertainty during the prolonged transition period as the coalition developed alternative policies, has at times come to characterise the relationship between business and government in the regions.

In the UK, a study by Loughborough University found that during the Brexit referendum, television news bulletins in the six - week period in May and June dedicated no time at all to environmental issues — despite the fact that much of UK environment policy is determined by the EU.

This adjustment policy is not effective during end of season Hanna Sale time periods, or with some offers such as (but not limited to) Cyber Weekend, Promotional events and is not applicable in our Outlet Stores.

Then, a team of CGCS instructional and research staff conducted site visits between November 2012 and March 2013 to the six districts participating in The Wallace Foundation's Principal Pipeline Initiative.2, 3 The results reported in this study therefore apply to the district structures and policies that were in place during this time period and may have subsequently changed.

Convertible term life insurance is simply a term policy that can be converted to a whole policy at any point during a specified period of time (typically several years) without you having to undergo a new health assessment.

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.

While life insurance rates will vary according to your particular health and risk profile, term policies are typically the least expensive form of coverage, since they only pay out if you die during a certain period of time (the «term» of the policy).

The company offers three types of whole life insurance policies, the only difference being the period of time during which you pay for coverage:

This rider is critical, particularly if you are considering life insurance for children or young adults, because if the insured develops a disease or become uninsurable during the policy period, the insurance company allows the insured to increase his or her total life insurance coverage and death benefit at specific times.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

The basic features of the long - term care policy include the following: Elimination Period: The elimination period functions like an insurance deductible, during which time the insured pays for medical expPeriod: The elimination period functions like an insurance deductible, during which time the insured pays for medical expperiod functions like an insurance deductible, during which time the insured pays for medical expenses.

If the insured dies during the time period specified in the policy and the policy is active — or in force — then a death benefit will be paid.

35 year old Siddharth chooses our Bharti AXA Life Flexi Save with a policy term of 20 years as he wishes to receive guaranteed benefits along with the flexibility of withdrawing money any time during the flexi benefit pay - out period.

With Term Life insurance, you can be assured knowing that your term life insurance rate will never change, the coverage can not be decreased and the policy can not be canceled due to a change in health during the period of time you select.

A Term Life policy offers coverage only if death occurs during a specific period of time, which coincides with the terms in which the insured member is required to make a monthly premium.

They also may feature graded death benefits, meaning you won't receive the full benefit amount if you die during an initial period of time (usually the first year or two of the policy).

Interestingly, during periods of expansive policy, investors sacrifice portfolio return to attain the diversification benefits of commodity futures, while during periods of restrictive policy, the diversification benefits are achieved at the same time returns are being significantly enhanced.

The only caveat is during what's called the contestability period; that usually only takes place at the beginning of the policy, but there's a certain scenario when it can kick in a second time (or third, etc.) during the life of the policy.

A convertible term life insurance policy can be converted by the owner into a permanent life insurance policy during a specific period of time, without requiring an exam or proving the insured is healthy.

I feel that the traditional insurance products gives an insurance coverage even during the policy period and still if the investor is alive, he gets extra amount in form of Bonus + FAB which comes closer to 6 - 7 % which is an excellent option for long term (> 15 years) right whereas Term insurance is only till certain time or else the entire amount gets wasted..

The policy varies during holiday time periods so you must check with the hotel direct for holiday cancellation policies.

For the longest time during WiiWare, our policy was that we didn't allow demos, period.

During this period of time the students will have to face practical duties, such as coordinating the artists, managing transportation and insurance policies, promoting and curating the final publication.

With respect to the issue of what happens if the employee becomes sick or injured subsequent to the termination of his employment, during which period of time he ought to have had coverage under an LTD policy, see my summary of the Brito case in the post The Requirement to Maintain Disability Benefits on Dismissal.

If it was not made against the insured during the policy period, then the insurer can disclaim coverage for that reason alone, regardless of when the insured gave notice.1 If the claim was made during the policy period but the insured gave notice after the expiration of the requisite time frame for notice under the policy, then the ability to disclaim coverage will turn on whether the notice provisions are conditions precedent or covenants.2 This principle applies regardless of whether the policy is a claims - made or a claims - made - and - reported and reported.3 If the notice provisions are covenants, then late notice constitutes a breach of the policy by the insured, triggering application of Md..

An occurrence based policy responds to a claim for which the event creating the damage, or the damage itself, occurred during the time the policy was in force (i.e. within the start and end dates of the particular policy or renewal period).

The report must (1) assess the confidentiality, integrity and availability of the company's Information Systems, (2) detail exceptions to the company's cybersecurity procedures and policies, (3) identify cyber risks to the company, (4) assess the effectiveness of the company's cybersecurity program, (5) propose steps to remediate any inadequacies identified in the company's cybersecurity program, and (6) include a summary of all material Cybersecurity Events that affected the company during the time period addressed by the report.

Policy Term in Star Union D I Assured Income is a period of time during which the policy is Policy Term in Star Union D I Assured Income is a period of time during which the policy is policy is valid.

«Return of Premium» is a common feature in many term life insurance policies that provides a full or partial refund of the premium paid at the end of the coverage period if nothing was paid out on the policy during that time.

The time period during the insurance company can cancel or rescind the policy, typically two years, if the application contained misrepresentation.

It is required in original at the time of any claim during the policy period or at the time of availing of the maturity benefit of the policy (if any).

This means that until the waiting period has ended, if the policy holder passes away during this time the benefits will only be whatever premiums have been collected or a fraction of the benefit coverage.

Instead, should the insured pass away during this time period, the named beneficiary will receive back only the amount of premium that has been paid into the policy.

The waiting period begins as soon as your purchase a policy and, if you pass during that time, your beneficiary will receive a limited payout (return of premiums plus 10 - 30 % interest).

For example, your life insurance plan may include a whole life policy as the foundation, with supplemental term insurance during the time period with higher coverage needs.

Also, if your boat policy specifies that your boat will be stored during a specific period, say for the cold weather months of November — February and you take the boat out for a ride during that time period; you have no coverage under your boat policy should an accident occur.

Moreover, the sum assured payable on death will not be reduced at any point of time during the term of the policy except where partial withdrawals have been made during the two - year period immediately preceding the death of the life assured.

The maximum period of time for which the monthly benefits will be payable during the policy holder's involuntary unemployment will also vary.

During that time, the policyholder pays an annual premium, and if he or she dies within the period, a death benefit is paid out to the beneficiaries of the policy.

Sure, it adds a little time, but the contestability period for life insurance — the period during which the insurer can cancel your policy if they find any misrepresentations — is typically two years.

Out — of — Pocket Limit — The most a policyholder will have to pay for premiums during the time period a policy is in place.