Cancellation/Termination. i. For Policyholder’s initiated cancellation, the Company would compute refund amount as pro-rata (for the unexpired duration) premium. This would further be deducted by 25% of computed refundable premium. This is provided no claim has been made under the Policy.
Appears in 4 contracts
Samples: irdai.gov.in, www.irdai.gov.in, www.kotakgeneral.com
Cancellation/Termination. i. (i) For Policyholder’s 's initiated cancellation, the Company would compute refund amount as pro-rata (for the unexpired duration) premium. This would premium further be deducted by 25% of computed refundable premiumpremium towards management expenses. This is provided no claim has been made under the Policy.
Appears in 3 contracts
Samples: irdai.gov.in, www.kotakgeneral.com, www.irdai.gov.in
Cancellation/Termination. i. For Policyholder’s initiated cancellation, the Company would w ould compute refund amount as pro-rata (for the unexpired duration) premium. This would w ould further be deducted by 25% of computed refundable premium. This is provided no claim has been made under the Policy.
Appears in 2 contracts
Samples: policyholder.gov.in, policyholder.gov.in
Cancellation/Termination. i. For Policyholder’s initiated cancellation, the Company would compute refund amount as pro-rata (for the unexpired duration) premium. This would further be deducted by 25% of computed refundable premium. This is provided no claim has been made under the Policy.. Page 9; Kotak Mahindra General Insurance Company Ltd. Kotak Group Accident Protect- Micro Insurance UIN: KOTHMGP075V011819; Policy Wording
Appears in 1 contract
Samples: www.kotakgeneralinsurance.com
Cancellation/Termination. i. For Policyholder’s initiated cancellation, the Company would compute refund amount as pro-rata (for the unexpired duration) premium. This would further be deducted by 25% of computed refundable premium. This is provided no claim has been made under the Policy.. Page 9; Kotak Mahindra General Insurance Company Ltd. Kotak Group Accident Protect UIN: IRDAI/HLT/KMGI/P-H(G)/V.I/61/2016-17; Policy Wording
Appears in 1 contract
Samples: www.kotakgeneralinsurance.com
Cancellation/Termination. i. (a) For Policyholder’s initiated cancellation, the Company would compute refund amount as pro-rata (for the unexpired duration) premium. This would further be deducted by 25% of computed refundable premium. This is provided no claim has been made under the Policy.
Appears in 1 contract
Samples: www.kotakgeneral.com
