Common Contracts

Met Credit Shield

May 28th, 2019

• Filed
  May 28th, 2019

Amount by the Company based on the credit limit Amount and rate of interest charged by the Creditor. The Scheduled Outstanding Amount is prepared on a monthly reducing basis. The Scheduled Outstanding Amount at no point in time shall include arrear installments or interest and/or financial charges thereon. 1.18 “Coverage : Means the amount that Company promises to pay on the occurrence of Amount/Sum Insured Event(s) as set out in the Schedule of the Certificate of Insurance Assured” issued to each Insured Member under this Group Policy.1.19 “Individual : Means the process of identifying and classifying the potential degree of Underwriting” mortality risk represented by an Insured Member. This process broadly includes completion of health declaration form or any other medicalrequirements needed for acceptance of risk.1.20 “Premium” : Means payment that an Insured Member pays or agrees to pay to the GroupPolicyholder for effecting the coverage, with respect to that Insured Member.1.21 “W