Cover Level definition

Cover Level means as mentioned in the Certificate of Insurance.
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Cover Level means the annual aggregate limit which the Insurers will pay to you under this Policy during the relevant Period of Insurance being the amount specified as such on your Policy Schedule;
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Examples of Cover Level in a sentence

  • Temporary Partial Disablement shall mean the partial and temporary inability of the Insured Person to work in gainful employment as described under Item 9 of the applicable Cover Level.

  • Policy shall mean this document incorporating the Introduction, Definitions, Insuring Agreement, Exclusions, Conditions and the Policy Schedule (and any Cover Level therein), and any operative Endorsements.

  • Benefit shall mean the sum of money that We have agreed to pay You or the Insured Person as a result of Bodily Injury as described in respect of each Item in the applicable Cover Level stated in the Policy Schedule.

  • Insured Person(s) shall mean the person or category of persons as described in each applicable Cover Level and to which the Benefit under each Cover Level applies.

  • If the Insured Person is insured under more than one Cover Level, the Benefit payable shall only be payable in respect of the single Cover Level where the highest Benefit is available.

  • The maximum amount payable shall be the amount shown in the applicable Cover Level, or the average net weekly income of the Insured Person in the 26 weeks preceding Bodily Injury based on their Annual Salary, whichever is the lesser amount.

  • Disablement shall mean a disability which is permanent, total and irrecoverable as described in Items 2,3,4,5 or 6 of the applicable Cover Level.

  • No individual shall be deemed to be insured under more than one Cover Level simultaneously.

  • Deferment Period shall mean the initial period of Temporary Total Disablement during which Item 8 is not payable or Temporary Partial Disablement during which Item 9 is not payable, as stated in the applicable Cover Level.

  • If an Insured Person disappears and it is reasonable to believe that they have died as a result of Bodily Injury, We will pay the amount for Item 1 - Death as specified in the applicable Cover Level, provided the Insured Person’s legal representative or executor signs an agreement that if it later transpires that an Insured Person has not died, any amount paid will be refunded to Us.

Related to Cover Level

  • Barrier Level means the Barrier Level as specified in § 1 of the Product and Underlying Data.

  • RBC level means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where:

  • Trigger Level means with respect to an Index, the level specified as such in Annex 1 with respect to such Index

  • Order Level means the price indicated in the Order.

  • Floor Level means that stage of construction which in the completed building would constitute the walking surface of the particular floor level referred to in the table of payments.