Sentences with phrase «year of policy issuance»

If the policyholder commits suicide within a year of policy issuance or revival, 80 % of the premiums paid would be returned and no death benefit would be payable

In case of suicide committed within one year of policy issuance, 90 % of the single premium paid is refundable.

Term plans does not pays death claims if death occurs due to suicide within first year of policy issuance or within first year after reviving a lapsed policy.

Dear shiv, Generally life insurance company do not pay death benefit if suicide happen withing 2 years of policy issuance.

Not exact matches

I think over the past 10 years, due to the zero - interest - rate policies by the global central banks, we have had a massive amount of debt issuance that's occurred as investors had been encouraged to go out the curve or down the credit curve in order to seek income, seek yield.

In the ensuing 16 years since issuance of its 1995 strategy, the Department has remained committed to these principles and has worked to avoid, minimize, or mitigate disproportionately high and adverse impacts of its programs, policies, and activities on minority and low - income populations.

This term life insurance benefit is paid subject to the policy being inforce and the premiums for 2 consecutive term insurance policy years from the date of issuance or the date of latest reinstatement have been paid

In case the Life Insured is a minor at the time of the policy issuance, the ownership of the policy will vest in the Life Insured on attainment of 18 years of age, age last birthday.

In case of the life insured being a minor at the time of policy issuance, the ownership of the policy will vest in the life insured on attainment of age 18 years, age last birthday.

A provision in which a certain percentage of a policy or contract's accumulated value is subtracted from the surrender proceeds if a policy is cancelled within a specific number of years following issuance of the policy or contract.

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.

Some examples here can include claims that are related to fraud, suicide (typically excluded for two years after policy issuance), and acts of war.

Under this LIC policy, the risk cover on a child's life begins either after 2 years from the policy issuance date or after the completion of a child's 7 years of age, whichever is later.

Goodstein passed away more than two years had passed since the issuance of the policy.

Readers of this blog, and those who are familiar with life insurance, know what the contestability period is: a two - year time period after the issuance of a life insurance policy when the insurer can cancel or rescind the policy if the insured made what's called a «material misrepresentation» in the application, such as in response to a medical or financial question.

This occurs when the Life Assured, who is a minor at the time of policy issuance, turns major i.e. 18 years old.

Some whole life policies do not pay out during the first 2 or 3 years of issuance.

This guarantee will not apply to (i) death claims within 3 years of issuance / commencement / revival of policy or addition / deletion of any rider, (ii) death claims which require investigation in our opinion.

In case of any unfortunate event, if the husband dies in the 5th year from the inception date of the policy issuance during the policy period, the surviving partner will receive the sum assured of Rs. 1 crore as a lumpsum.

Subsequently, if there is a claim made after 3 years post the commencement of risk or issuance or reinstatement of the policy, the insurance service provider loses the right to cancel the policy on the basis of false statements made in the insurance form.

«No policy of life insurance shall be called in question on any ground whatsoever after the expiry of three years from the date of the policy, i.e., from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later.».

No insurance company can deny your claim three years after issuance of life insurance policy.

In case the Life Insured is a minor at the time of policy issuance, the ownership of the policy will vest in the Life Insured on attainment of 18 years of age, age last birthday.

In case the Life Insured is a minor at the time of the policy issuance, the ownership of the policy will vest in the Life Insured on attainment of 18 years of age, age last birthday.

In case of the life insured being a minor at the time of policy issuance, the ownership of the policy will vest in the life insured on attainment of age 18 years, age last birthday.

This term life insurance benefit is paid subject to the policy being inforce and the premiums for 2 consecutive term insurance policy years from the date of issuance or the date of latest reinstatement have been paid

Step 3: If Policy document not received for more than one year from the date of issuance, please submit the request form along with Indemnity on Rs. 100 stamp paper, Photo identity proof of Policy holder, a recent color photograph of the Policy Holder at your nearest Aviva branch.