Examples of Base Policy in a sentence
The Policy Term of the Rider shall be less than or equal to the Premium Payment Term of the Base Policy.
In case the Policyholder opts for a Rider, the outstanding term of the Base Policy will be at least equal to 5 years.
The Premium pertaining to health related or critical illness riders shall not exceed 100% of premium under the Base Policy, the Premiums under all other life insurance Riders put together shall not exceed 30% of premiums under the Base Policy and any benefit arising under each of the above mentioned Riders shall not exceed the Sum Assured under the Base Policy.
As a result of that presupposition and because the type of workingarrangement also determines the applicable law31, insufficient information was gathered during the visits and interviews to determine under which type of working agreements workers were employed in each farm and thus in which cases labor law applies.
If not shown below, the Base Policy Number is shown on the Policy Data Page.
Research shows that the fire service has an interest in expanding its involvement, but is not well connected to the current tools available.
The specified amount band is determined by referring to the specified amount in force for the Base Policy (riders are not included in determining the Policy’s specified amount band).
The Ceding Company's retention will be filled in the following order: (i) in force policies other than VUL III issued prior to the issuance of the Base Policy (the policy reinsured under this Agreement); (ii) the Base Policy; (iii) Base Insured Rider, if any; (iv) policies issued subsequent to the issuance of the Base Policy.
In case the outstanding loan amount with interest is greater than or equal to the Surrender Value, the Policy shall stand immediately and automatically terminated and all future benefits under the Base Policy and Riders (if any) will cease to exist.
Revival of Rider(s), if opted for, will only be considered along with the revival of the Base Policy and not in isolation.