Date of Commencement of Risk definition

Date of Commencement of Risk means the date specified in the Schedule (unless the Policyholder is informed otherwise by the Company) from which the risk cover of the Life Assured commences under the Policy.

Date of Commencement of Risk means the date as mentioned in the Policy Schedule from which the insurance benefits start under the Policy or on which date the risk commences under the Riders, if opted for. The commencement of risk cover on the Life Assured shall depend on the age of the Life Assured on commencement of the Policy.

Date of Commencement of Risk means the date as specified in the Schedule, on which the insurance coverage/risk under the Policy commences;

Examples of Date of Commencement of Risk in a sentence

• No Policy of life insurance shall be called in question on any ground whatsoever after expiry of three (3) years from (a) the Policy Commencement Date or (b) the Date of Commencement of Risk or (c) the date of latest revival of the Policy or (d) the Date of Commencement of Rider; whichever is later.

• On the ground of fraud, a Policy of life insurance may be called in question within three (3) years from (a) the Policy Commencement Date or (b) the Date of Commencement of Risk or (c) the date of latest revival of the Policy or (d) the Date of Commencement of Rider; whichever is later.

• If at the correct age, the Life Assured was insurable, then We may revise the Annualised Premium and/or applicable benefits payable under the Plan from the Date of Commencement of Risk by adjusting or deducting the differential premium that would have been payable.

• The Mortality Charge will be deducted at the rate as applicable to the attained Age and gender of the Life Assured, on the Date of Commencement of Risk and on each subsequent Monthly Due Dates.

• Waiting period of 90 days shall be applicable from the Date of Commencement of Risk or date of Revival whichever is later, during which no Critical Illness benefit shall be payable.

More Definitions of Date of Commencement of Risk

Date of Commencement of Risk means:

Date of Commencement of Risk means the date mentioned as Date of Commencement of Risk in the Certificate of Insurance issued to the concerned Member.

Date of Commencement of Risk means the date on which the risk under the Policy comes into effect and is as specified in the Schedule.

Date of Commencement of Risk means the later date of the following:

Date of Commencement of Risk means the date on which the risk

Date of Commencement of Risk means the date specified in the Schedule when the Policy commences;

Date of Commencement of Risk. Means the date mentioned in the Schedule as Date of Commencement of Risk