Annuitant definition
Examples of Annuitant in a sentence
The age of the Annuitant has been admitted on the basis of the declaration made by the Policyholder / Annuitant in the Proposal form and/or in any document/statement based on which this Policy has been issued.
In consideration of the property transferred by the Donor, the Charitable Organization shall pay to the Annuitant for life an annual annuity of $ in equal monthly payments of $ at the end of each period.
If the age of the Annuitant is found to be different from that declared, the Company may, adjust the Benefits under this Policy and/or recover the applicable balance amounts, if any, as it deems fit.
The annuity is payable during the life of the Annuitant from the First Annuity Payout Date as per the terms and conditions of the Policy.
Subject to the terms and conditions of this Policy and the Policy being in effect on the date of death of the Annuitant, the Company shall pay to the Eligible Person, the Purchase Price or part thereof (as applicable) under this Policy as on the date of written intimation of death of the Annuitant at the National Operations office of the Company, Bengaluru.