Income benefit means a payment made to an employee for a compensable injury. The term does not include a medical benefit, death benefit, or burial benefit.
Income benefit means all payments made under this Title to the providers of medical care, rehabilitation services and hospital care.
Income benefit means, in a policy that is not lapsed or paid-up [both as per Section 6a) & Section 6b) below], an additional benefit payable on the death of the Life Assured over a 10 year period (if the Variant chosen under the Policy is “Super”) equal to a monthly instalment as mentioned in the Schedule. That is, the monthly instalment is equal to Sum Assured divided by 120. The details are as given in Section 4a) below.
Examples of Income benefit in a sentence
S.E.B.P.) Extended Disability Income Benefit, Plan D, Life Insurance, Plan 2: one hundred per cent (100%) of each teacher’s monthly premium.
The Plan will include such benefits as Long Term Disability - 60%, $5,000 Max., 90 Calendar Days, Pre-Existing Condition Waiver, Freeze on Offsets, 2- year Limitation - Alcoholism/Drug, 2-year Limitation - Mental/Nervous, 6-Month Survivor Income Benefit, 10% minimum Payout Benefit, Primary Social Security Offset; Negotiated $26,000 Life with AD & D, Vision VSP-2, Dental 75/50/75:$750.
More Definitions of Income benefit
Income benefit means an amount payable monthly during the Payout Period as specified in the Schedule;
Income benefit means an amount, as specified in the Schedule, payable during the Payout Period as per the frequency selected by You;
Income benefit means the benefit payable on the death or ATPD of the Life Assured (whichever is earlier) calculated in accordance with Section 5 a ii) below.
Income benefit means all payments made under this Title to the employee or his dependents.
Income benefit means an amount, as specified in the Schedule, payable during the Income Benefit Period as per the Income Benefit Payout Frequency selected by You. No Income Benefit is available under the Wealth For Milestones Variant;
Income benefit means an amount, as specified in the Schedule, payable upon maturity of the Policy till the date of death of last surviving Insured Persons under this Policy, as per the frequency selected by You;