Policy Term definition

Policy Term means the term of this Policy as specified in the Schedule;

Policy Term means the period between the Policy Commencement Date and the Maturity Date, as specified in the Schedule.

Policy Term means the term of the Policy as stated in the Policy Schedule;

Examples of Policy Term in a sentence

• The multiple is as mentioned below: Where Age at entry is less than 45 years: 10 times Where Age at entry is 45 years or more: 7 times C.2. Extended Life Cover: At any time during the Policy Term if the Policyholder has paid one full year’s Premium and if further due Premiums are not paid, then this product offers Extended Life Cover under which full Life Cover under this Policy will continue for a period of one year from the first unpaid Premium due date.

• E.6.6 Switch Charge: No charge is applicable for Switches made during the Policy Term.

• C.4.3 Top-up Premium: The Policyholder has an option of paying unlimited Top-up Premiums in addition to the Premiums within Policy Term subject to a minimum amount of Rs. 10,000 at each instance.

• E.6.6 Premium Redirection Charge: No charge is applicable for Premium Redirection made during the Policy Term.

• Extended Life Cover will come in to force even in case where the Policy will get reinstated as per clause D.2. However, the Extended Life Cover Period will not extend beyond the Policy Term.

More Definitions of Policy Term

Policy Term means the period specified in the Schedule which is the number of years from the Policy Commencement Date to the Maturity Date.

Policy Term means the entire term of the policy as specified in the Schedule

Policy Term means the period between the Policy Commencement Date and the Maturity Date.

Policy Term. Means the period mentioned in the Schedule, it is the period during which the Life Insured is covered, subject to the Policy being in force at the time of the death of Life Insured.

Policy Term means the term of this Policy as specified in the Schedule during which the Policy coverage continues;

Policy Term means a period for which this Master Policy shall continue unless terminated by the Master Policyholder.

Policy Term means the term of this Policy as specified in the Schedule which is 100 (One Hundred) years less entry Age of the Life Insured, at the Effective Date;