Common use of Termination of Cover Clause in Contracts

Termination of Cover. The coverage would cease on the employee’s exit from employment either due to resignation or superannuation or any other reasons as specified in the policy document, whichever is earlier. The terms of this policy are based on the details as provided under the Application along with all the relevant annexure / documents basis which the contract is been entered and that sum assured of each employee, as provided in the census data, is within 10 times his / her annual salary (subject to a maximum of INR

Termination of Cover. The coverage would cease on the employee’s employee‟s exit from employment either due to resignation or superannuation or any other reasons as specified in the policy document, whichever is earlier. The terms of this policy are based on the details as provided under the Application along with all the relevant annexure / documents basis which the contract is been entered and that sum assured of each employee, as provided in the census data, is within 10 times his / her annual salary (subject to a maximum of INRINR ).

Termination of Cover. The coverage would cease on the employee’s exit from employment either due to resignation or superannuation or any other reasons as specified in the policy document, whichever is earlier. The terms of this policy are based on the details as provided under the Application along with all the relevant annexure / documents basis which the contract is been entered and that sum assured of each employee, as provided in the census data, is within 10 times his / her annual salary (subject to a maximum of INRINR ).