Examples of Life Assured in a sentence
No Sum Assured shall be payable since the coverage term has expired7 8In the event of the death of the Life Assured after 180 days of the occurrence of the accident, the Company shall not be liable to pay this benefit.
Identification proof (bearing photo) of person receiving the Benefit and the Life Assured.
The Life Assured must be unable to perform (whether aided or unaided) at least 3 of the 6 “Activities of Daily Living”.There is a waiting period of 90 days (from the Date of Commencement of Risk or Effective Coverage Date of Member or Date of Revival whichever is later) is applicable for Total Permanent Disability due to illness.
C.2 Vesting Benefit: On survival of the Life Assured till the Vesting Date, Vesting Benefit is the Fund Value as on the Vesting Date.
In the event of death of Life Assured during the Grace Period, the death claim shall become payable subject to the receipt of the due and unpaid Premium or renewal Premium from the Policyholder.