Date of Commencement of the Policy definition

Date of Commencement of the Policy means the date when the first Contribution/Premium is received by the Insurer from the Policyholder and as specified in the Policy Schedule.
Date of Commencement of the Policy means the date on which the Policy comes into effect and is as specified in the Policy Schedule.

Examples of Date of Commencement of the Policy in a sentence

  • F.6 Exclusions for Critical Illness (CI) Benefit There is a waiting period of 90 days from the Date of Commencement of the Policy and the date of reinstatement of the Policy to claim the benefit.

  • The annual Premiums are payable in advance on the anniversary of the Date of Commencement of the Policy.

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  • Date of diagnosis within 90 days from Date of Commencement of the Policy or Reinstatement Date of the Policy;2.

  • A charge of 0.1% of the Annualised Premium will be levied on each Monthly Anniversary by cancellation of Units (including the Date of Commencement of the Policy) from the Fund Value, subject to a minimum charge of Rs.50 per month and a maximum charge of Rs.500 per month.

  • You may apply for an increase in Annuity Amount any time after six months after the Date of Commencement of the Policy (base plan) by paying an additional Purchase Price/Premium as a Single Pay, provided the Policy is in-force and no due premiums are outstanding.

  • The Company shall open a Unit Account on the Date of Commencement of the Policy.

  • If the Life Assured’s death arises directly or indirectly through or in consequence of suicide within 12 months from the Date of Commencement of the Policy, the Nominee or beneficiary shall be entitled to higher of 80% of the Premium paid or surrender value.

  • The Master Policyholder has agreed to furnish such statements and particulars as may be required by the Company together with the premium payable in respect of the Coverage of those who may be admitted into the membership of this Policy from time to time after the Date of Commencement of the Policy (the “Subsequent Insured Members”).

  • If the correct Age of the Life Assured is lower than the Age declared in the Proposal, the charge for Insurance Covers payable under the Policy shall be altered corresponding to the correct Age of the Life Assured (the “corrected charge for Insurance Covers”) from the Date of Commencement of the Policy and the Company may, at its discretion, allocate without interest, the accumulated difference between the original charge for Insurance Covers paid and the corrected charge for Insurance Covers.

Related to Date of Commencement of the Policy

  • Date of commencement of the project means the date of the agreement.

  • Date of Commencement means the date designated in the Notice to Proceed for Contractor to commence the Work.

  • Date of Commencement of Risk means the date specified in the Schedule (unless the Policyholder is informed otherwise by the Company) from which the risk cover of the Life Assured commences under the Policy.

  • Date of Commercial Operation or “COD” means

  • Policy Commencement Date means the date of commencement of the Policy as specified in the Schedule.

  • Employment Commencement Date means the date on which the Employee first performs an Hour of Service.

  • Date of Completion with respect to a Project shall mean: (i) the date upon which such Project and all components thereof have been acquired or constructed and are capable of performing the functions for which they were intended, as evidenced by an Engineers’ Certificate filed with the Trustee and the Issuer; or (ii) the date on which the Issuer determines, upon the recommendation of or in consultation with the Consulting Engineer, that it cannot complete such Project in a sound and economical manner within a reasonable period of time as evidenced by an Engineers’ Certificate filed with the Trustee and the Issuer; provided that in each case such certificate of the Consulting Engineer shall set forth the amount of all Costs of such Project which have theretofore been incurred, but which on the Date of Completion is or will be unpaid or unreimbursed.

  • Benefit Commencement Date means, for any Participant or beneficiary, the date as of which the first benefit payment, including a single sum, from the Participant’s Account is due, other than pursuant to a withdrawal under Article VIII.

  • Construction Commencement Date means the date set out in the Addendum, if applicable, by which you must commence construction of the Hotel. For the Hotel to be considered under construction, youmust have begun to pour concrete foundations for the Hotel or otherwise satisfied any site-specific criteria for “under construction” set out in the Addendum.

  • Effective Date of Coverage means the date of commencement of Coverage in respect of a Life Insured under the Policy pursuant to the provision on Commencement of Coverage.

  • the commencement date means the date on which the Contract shall take effect, as notified by the Authority to the Contractor in a letter awarding the Contract.

  • Service Commencement Date means the date the Transmission Provider begins to provide service pursuant to the terms of an executed Service Agreement, or the date the Transmission Provider begins to provide service in accordance with Tariff, Part II, section 15.3 or Tariff, Part III, section 29.1.

  • Reemployment Commencement Date means the date on which an Employee who terminates employment with the Employer and all Related Employers first performs an Hour of Service following such termination of employment.

  • Commencement of Commercial Production means the first occurrence of Commercial Production in an Area.

  • Annuity Commencement Date means the first day of any month upon which an annuity begins under the Contract. However, for any Participant, this date shall not be later than the required beginning date as defined in the applicable sections of the Code and Regulations issued thereunder.

  • Lease Commencement Date has the meaning specified in Section 3.2 of the Master Lease.

  • Commencement Date of the Contract means the date of signing of the Contract between the Purchaser and the Contractor.

  • Services Commencement Date means the date delivery of the Services shall commence as specified in the Key Provisions. If no date is specified in the Key Provisions this date shall be the Commencement Date;

  • Pay Out Commencement Date means the date on which a Trust Pay Out Event is deemed to occur pursuant to Section 9.01 of the Agreement or a Series 2001-D Pay Out Event is deemed to occur pursuant to Section 7 hereof.

  • Billing Commencement Date means the earlier of:

  • Payment Commencement Date means the date payments of amounts deferred begin pursuant to Article III, Section 6.

  • Loan Commencement Date means, with respect to each Loan, the first Business Day of the calendar month following the Funding Date of such Loan.

  • Accumulation Commencement Date means January 1, 2021, or such later date as the Calculation Agent on behalf of the Issuer determines in accordance with Section 2.11 hereof.

  • Date of Agreement as used herein shall be the date when by execution and delivery (as defined in paragraph 20.2) of this document or a subsequent counteroffer thereto, Xxxxx and Seller have reached agreement in writing whereby Seller agrees to sell, and Xxxxx agrees to purchase, the Property upon terms accepted by both Parties.

  • Date of Practical Completion means the date certified in the QBCC Form 7 - Certificate of Practical Completion in accordance with Condition 28.

  • Amortization Commencement Date means the date on which an Amortization Event is deemed to occur pursuant to Section 20 hereof.