Life Insured definition

Life Insured means the person named in the Schedule, on whose life the Policy is effected;

Life Insured means the person whose life is insured under the Policy as shown in the Policy Schedule.

Life Insured means the person whose life is insured or assured under the Policy and is shown in the Policy Schedule.

Examples of Life Insured in a sentence

• Name of the Nominee (s)<Nominee 1><Nominee 2><Nominee 3>Age of the Nominee (s) Nomination share (in %) Relationship with the Life Insured Name of appointee (if nominee is minor) Relationship of Appointee with Nominee Sum Assured Details Sum AssuredBasic PremiumGSTTotal PremiumExpiry / Maturity DateBase Plan Rider Special Provisions (if any) :<<N.A.>> Stamp Duty of Rs. (Rupee Only) is paid for this Policy by pay order, vide receipt no XXX dated dd/mm/yyyy.

• Name of the Policyholder Date of Birth Age Gender Relationship with the Life Insured Identity Proof Address Telephone No/ Mobile.

• In case of death of the Life Insured during grace period the policy will be considered in-force and the Death Benefit (as defined above) will be paid after deduction of premiums then due and all premiums falling due during the policy year of death..

• If the Correct Age of the Life Insured is found to be lower than the Admitted Age, the Basic Premium and Extra Mortality Premium, if any will be recalculated as per the Correct Age from the Date of Commencement of Risk and the Company shall refund without interest the difference between the premiums paid by the policyholder on the basis of the Admitted Age and the premiums calculated as per the Correct Age.

• In the event the Life Assured commits Suicide, whether sane or insane at that time, within twelve months:From the Date of commencement of risk or from the date of revival of this policy, the Policyholder/ Beneficiary/ Nominee, shall be entitled to an amount which is higher of 80% of the Total premiums paidtill the date of death of the Life Insured or the Surrender Value available as on date of death of the Life Assured, provided the policy is in force.

More Definitions of Life Insured

Life Insured means the person, as specified in Schedule, on whose life the Life Cover is effected and at whose death, the death benefit under this Policy will be payable.

Life Insured means the person named in the Schedule, who is also the policyholder, on whose life the Policy is effected;

Life Insured means the Member as defined below.

Life Insured means the person named in the Schedule, whose life is insured under this Policy;

Life Insured means the person named as Life Insured in Policy Schedule 1 and also referred to as “Life Insured” or “he” or “his” in this Policy.

Life Insured or “Lives Insured” means the person(s) who has or have been insured by the Company under this Policy.

Life Insured means the person on whose life the Policy has been effected.