Sentences with phrase «where policyholder»

Whole life insurance where the policyholder pays premiums for a specified number of years, or until death.

A money back policy is a kind of life insurance cover where the policyholder gets part of the sum assured at regular intervals.

But there are life insurance plans where a policyholder can pay the premium at one go only for the entire insurance policy term known as Single Premium Life Insurance plans.

Such plans are a long term life insurance contract where the policyholder has to pay premium throughout the tenure of the policy or may opt for single pay or limited payment option.

Apart from regular pay and single pay life insurance policies, there is another category of premium payment known as «limited pay life insurance plans» where the policyholder has to pay the premium for a limited tenure like 5 years or 10 years or as mentioned in the insurance plan.

[3] This kind of policy is more expensive than an Actual Cash Value policy, where the policyholder will not be compensated for the depreciation of an item that was destroyed.

This plan has a unique option of Invest Protect Option, where the policyholder can choose to systematically move out of his current investment funds 3 years before maturity so that any volatility in the market would not affect his maturity benefit.

There is a unique option of Invest Protect Option, where the policyholder can choose to systematically move out of his current investment funds 3 years before maturity so that any volatility in the market would not affect his maturity benefit.

Please consult a tax advisor to learn more about exceptions in your state (or the state where the policyholder lived).

One is self - managed option where the policyholder can invest in any of the available funds.

This provision is usually purchased in cases where the policyholder is working or living in areas with hazardous conditions.

LIC Jeevan Saral is an endowment plan where the policyholder has to simply choose between the amount and premium payment mode.

Waiver of Premium Plus Rider: In case of a critical illness or dismemberment / death of the policyholder (where policyholder and life assured are different individuals) the rider benefit will be paid.

Once the company issues e term policy to a subscriber, then the subscriber becomes the policyholder, and the company provides him / her cover in any part of the world where the policyholder may have to go for work and other reasons.

There are plans which also provide a multiclaim option where the policyholder can claim thrice.

Add to cash value option is a feature in a universal life insurance where the policyholder turns over the cash value to the face value of his or her policy.

A free look period is that duration where a policyholder is given time to think over and can terminate the insurance contract without any penalities.

Some companies offer a single - premium policy, where the policyholder makes a single payment in any amount of his or her choice.

Waiver of Premium Plus Rider Benefit: In case of a critical illness or dismemberment / death of the policyholder (where policyholder and life assured are different individuals) the rider benefit will be paid.

Death Benefit: In a situation where policyholder dies during the term of the plan, the nominee shall be paid the higher of sum assured or fund value or 105 % of all premiums paid till the date of the death

The total sum assured is around Rs. 20.84 Lakhs, where the policyholder will start receiving the 20 % of the assured amount, three years prior to the policy term completion, i.e., around Rs. 4.17 Lakhs, as per the 8 % assumed rate of return.

In case the hospital where the policyholder decides to take the preventive tests is not on the empaneled list, he / she will need to bear the costs initially, but the insurer will subsequently reimburse it.

Dual Benefit: A Unit Linked insurance Plan is one of a kind Life Insurance plan where a policyholder has the dual benefit of investment as well as life cover.

Bajaj Allianz has partnered with various hospitals in the city where the policyholder can avail cashless hospitalization.

All health insurance policies list a network of hospitals where the policyholder can pay the medical bills and have it reimbursed by the insurer, or opt for cashless treatment, where the insurance company settles the bill directly with the hospital.

An immediate annuity plan is a kind of annuity plan where the policyholder begins receiving the annuity as soon as the purchase price is paid.

In such an event where the policyholder desists from doing so, some insurers may terminate the policy.

Cashless settlement v Reimbursement: In the case of cashless settlements, the insurance company has a list of approved hospitals where a policyholder can seek treatment.

In cases where the policyholder does not opt for this they still receive the sum assured on the regular premium paid.

Money Back Policy: Money back policy is a plan where policyholder gets a life cover against the death along with periodic returns on sum insured.

Premium Waiver Rider: The rider for premium waiver is helpful in those cases where the policyholder is unable to pay the premium due to any disability.

Waiver of Premium Rider: In case of a critical illness or dismemberment / death of the policyholder (where policyholder and life assured are different individuals) the rider benefit will be paid.

Waiver of Premium Rider Benefit: In case of a critical illness or dismemberment / death of the policyholder (where policyholder and life assured are different individuals) the rider benefit will be paid.

In the unfortunate event where the policyholder dies in an accident, the rider sum assured is paid to the nominee, appointed by the policyholder.

Since senior citizen health insurance plans come with limited coverage and many exclusions, compare insurance quotes online for the following: co-payment — where policyholder bears a portion of risk amount and balance is borne by insurer resulting in lower premium rates, maximum renewability age, lowest waiting period for pre-existing diseases and terms related to medical check - ups where least number of medical tests are required and cost reimbursed by insurer.

Since senior citizen health insurance plans come with limited coverage and many exclusions, compare insurance quotes online for the following: co-payment — where policyholder bears a portion of risk amount and balance is borne by...

Most guaranteed policies and many simplified policies also have a requirement where the policyholder must live for at least two years after the purchase date in order for benefits to be paid.

These policies cover the costs of accidents where the policyholder may be at fault.

The premiums net of charges can be invested under two objectives — Do - it - yourself where the policyholder has a choice of 9 investment funds in which he can invest the premium in desired proportion or leave - it - to - us where the company manages the funds as per the customer's risk profile of cautious, moderate and aggressive.

The Self - managed option is one where the policyholder manages his investments on his own and invests the premium in any of the 9 available funds.

Top - up premiums are invested under the «Save for Tomorrow» feature where the policyholder is allowed to increase the amount of top - ups by 5 % p.a. subject to a maximum of 150 % of the regular premium

In such instances, a few insurance providers provide a lock - in period, where the policyholder can return the policy to the insurance company for no charge or penalty after a short span of time.

Added feature where the policyholder can not make changes to the life insurance contract without the beneficiary's consent.

A permanent life insurance policy where the policyholder controls the premium and death benefit amounts.

Liability insurance covers payouts to third parties, such as other drivers and passengers, as well as pedestrians, in an accident where the policyholder is at fault.

Further, the commenter stated that particularly in cases where the policyholder dies within two years of the policy's issuance (within the policy's contestable period) and the cause of death is uncertain, the insurer's inability to access relevant protected health information would significantly interfere with claim payments and increase administrative costs.

«Courts continue to struggle with claims where the policyholder may not have provided notice as soon as one might have liked, and the coverage litigation typically centers on whether the dispositive argument is «no harm, no foul» — that is, policyholders will argue that coverage is not lost unless the insurer has been prejudiced in some fashion from the allegedly «late» notice.

where a policyholder allegedly made misrepresentations in the application for insurance.

One of the greatest challenges for policyholders is in trade credit policy provisions that void coverage ab initio where a policyholder allegedly made misrepresentations in the application for insurance.

Many people are insured by dividend paying mutual insurance companies (these are life insurance companies where the policyholders are partial owners of the company — or perhaps I should say «mutual» owners).