Permanent Disablement definition
Examples of Permanent Disablement in a sentence
We shall pay the Insured, as per the percentage of Capital Sum Insured as specified in the Table of Benefits below, up to the limit applicable to the selected plan as specified in the Schedule of Benefits, if the Insured Person sustains Bodily Injury as a result of an Accident during the Policy Period and within three hundred and sixty-five (365) days of the Accident which results in death or Permanent Disablement.
We will indemnify You to cover the monthly loan installment amount due and payable under your Mortgage Loan Agreement as a consequence of Accidental Death or Permanent Disablement (occurring within twelve (12) calendar months from the date of Accident) up to a maximum of six (6) monthly installments or the remaining loan balance or the maximum indemnity limit based on the Plan selected, whichever the lowest.
If the termination of employment or service is due to death or Total and Permanent Disablement, the payment will be made to you as soon as practicable.
Upon the date of a termination of the Participant’s employment as a result of the death or Total and Permanent Disablement (as defined in the Plan) of the Participant, all Unvested Shares shall vest as of such date of termination of the Participant’s employment.
This Policy is extended to cover the Person Insured’s death, Permanent Disablement or any other loss caused by earthquake, windstorm, flood, volcanic eruption, lightning, hurricane, cyclone, typhoon and tidal wave.