Sentences with phrase «with payment of all due premiums»

Satisfactory evidence of insurability also has to be provided, along with payment of all due premiums with a 9 % compound interest at the time of reinstatement.

Not exact matches

A con of hybrid life insurance with long term care is your premium payment does not currently qualify for a tax deduction, most likely due to individual life insurance premiums not being tax deductible.

PAYMENT & CANCELLATION: Deposit: A non-refundable deposit is due at the time of reservation * All reservations (except where specified): $ 300 per person Reservations with Antarctica, Cuba, Ecuador, Passion Play 2020, Uganda: $ 500 per person * Travel Protection (Insurance) premiums are not covered by the initial deposit.

With respect to effective dates other than regular effective dates, meaning retroactive or accelerated coverage effective dates resulting from enrollment under certain special enrollment periods (including birth and marriage), resulting from the resolution of appeals, or resulting from amounts newly due for prior coverage based on issuer corrections of under - billing, we considered a premium payment deadline of 10 - 15 business days from when the issuer receives the enrollment transaction.

With respect to effective dates other than regular effective dates, meaning retroactive or accelerated coverage effective dates resulting from enrollment under certain special enrollment periods (including birth and marriage), resulting from the resolution of appeals, or resulting from amounts newly due for prior coverage based on issuer corrections of under - billing, we are considering a premium payment deadline of 10 - 15 business days from when the issuer receives the enrollment transaction.

However, unlike other contracts wherein fulfilling certain obligations from both sides will generally be simultaneous, in life insurance contracts, the customer fulfils his obligations of payment of premium either immediately (single premium) or periodically (annually) with a hope and belief that the other party (insurer) will be fulfilling his part of the obligation in due course through multiple events like partial withdrawals, loans, survival or maturity benefits, surrenders or any live or death claim as per contractual obligations.

A con of hybrid life insurance with long term care is your premium payment does not currently qualify for a tax deduction, most likely due to individual life insurance premiums not being tax deductible.

Yes, the policy which has acquired a paid - up value or has lapsed due to the failure of premium payments can be renewed during the policy renewal period by paying the premium arrears along with the current interest rates.

If a policy with accident benefit rider option is surrendered after attaining surrender value, then a part of the additional premium charged for providing cover after the premium payment term that is after 20 years of policy will also be refunded by us in case of permanent disability due to accident.

For policies with premium payment other than single pay, the surrender value can be acquired on payment of all due premiums for at least 2 full policy years.

For policies with premium payment term of less than 10 years, the policy acquires surrender value after full payment of due premiums for two policy years and for policies with premium payment term of 10 years, the policy acquires surrender value after full payment of due premiums for three policy years.

Description: With each premium payment a receipt is issued which indicates the next due date of premium payment.

I agree to any increase in deductions due to change in government regulations / service tax rates / scheduled increase as per the product features or change in frequency of premium payment and authorize Exide Life Insurance Company Limited to effect it with the bank directly.