Examples of Certificate of Assurance in a sentence
This shall not affect the Company's rights or remedies under this Policy or Certificate of Assurance or in law.
The number of Units allocated to any one Life Assured under the Certificate of Assurance shall be rounded off to the nearest five (5) decimal places.
The Company will deduct a monthly Insurance Charges beginning from the Risk Commencement Date, from the Total Investment Value of each Certificate of Assurance by cancelling Units valued at the Net Asset Value on the Next Valuation Date following each due date of the Insurance Charges.
Every eligible Life Assured shall be entitled to select the Sum Assured for which he is to be insured under the Certificate of Assurance, subject to production of evidence of insurability in the form and manner prescribed by and satisfactory to the Company, and subject to the terms and conditions of this Policy.
The benefit under Assurance C is equal to the Total Investment Value, if any, of the Certificate of Assurance.
No benefit shall be payable in the event of suicide within one (1) year from the Risk Commencement Date or from the date of any reinstatement of a Certificate of Assurance, whichever is the later.
After the expiry of the Grace Period, the Certificate of Assurance shall lapse as a result of non-payment of the premium following which the Total Investment Value is less than or equal to zero.
However, any amount of indebtedness under the Certificate of Assurance will be deducted from the claim proceeds payable.
Any benefit payable under this Policy shall only be paid if the Life Assured ’s Assurance is valid and in force at the time of the occurrence of the event giving rise to the claim and subject to the terms and conditions of this Policy and the Certificate of Assurance.
All documents furnished to the Policyholder by any Life Assured in connection with the application of Assurance, and all records and documentation as may have a bearing on this Policy and the Certificate of Assurance, shall at all times be made available by the Policyholder for inspection by the Company.