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 period specified in the Schedule which is the number of years from the Policy Commencement Date to the Maturity Date.
Examples of Policy Term in a sentence
This Policy provides coverage for the duration of the Policy Term selected, at which point the Policy terminates and the Maturity Benefit is payable to the Policy Owner.
The Maximum insurable age is 75 therefore: - Life Insureds between the ages of 18 to 60 may select a Policy Term of 5, 10 or 15 years.
More Definitions of Policy Term
Policy Term means the entire term of the policy as specified in the Schedule
Policy Term means the term of this Policy as specified in the Schedule during which the Policy coverage continues;
Policy Term means the period between the Policy Commencement Date and the Maturity Date.
Policy Term means the term of the Policy as specified in the Schedule which is 75 (Seventy Five) years less entry Age of the Life Insured, at the Effective Date;
Policy Term means the period from the Policy Commencement Date to date of death of the Annuitant/Last Survivor or the end of the Certain Period (as applicable), whichever is later.
Policy Term means the term of the Policy as specified in the Schedule which is 10 (Ten) years if the premium payment mode is Single Premium or Regular Premium with a Premium Payment Term of 5 (Five) years; and 20 (Twenty) years if the premium payment mode is Regular Premium with Premium Payment Term of 20 years;
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;