Policy owner/ Policyholder definition

Policy owner/ Policyholder means the person within the meaning of Section 2(2) of the Insurance Act, 1938. “Policy year” means the first and every subsequent 12 month period after the commencement date.
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Related to Policy owner/ Policyholder

  • Policyholder means the adult person named in the Schedule who has concluded the Policy with the Company.

  • Policyholders surplus” means an insurer’s net worth, the difference between its assets and liabilities, as reported in its annual statement.

  • Policy Owner means the owner named in the policy or the certificate holder in the case of a group policy.

  • Master Policy means the contract between the Company and the Master Policyholder to provide Life Cover to the insured member on receipt of due premiums.

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;