Premium Waiver definition

Premium Waiver means a policy provision that allows a policyholder to stop paying premiums during a period of covered care and maintain the policy in force.
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Premium Waiver means the additional benefit that will replace the premium payments for a period of 6 (six) months to ensure cover remains in place for all Dependants on the Death of the Principal Insured. The premium waiver will only be applicable if a Spouse has cover in terms of this policy;
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Premium Waiver means the Insurer waives the policyholder's obligation to pay any further premiums should he or she become seriously ill or disabled for a defined period
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Examples of Premium Waiver in a sentence

  • Future Generali Premium Waiver Benefit RiderIn case the proposer who is the Policyholder dies while the life assured is alive, all future premiums falling due under this Policy after the date of death of the policyholder shall be waived and shall not be required to be paid.

  • However, in such case, if the premium paying term of the base policy exceeds the rider term, all the further premiums due under the base policy from the date of expiry of this Premium Waiver Benefit Rider term shall be payable by the Life Assured.

  • Liberty Medical Premium Waiver is underwritten by Guardrisk Life Limited (FSP number 76) (collectively referred to as “Guardrisk”).

  • The Liberty Medical Premium Waiver product was recommended as a solution because it will cover the medical scheme contributions for me and/or my medical scheme dependant(s) for the benefit payment period selected.

  • Description of the work for each of the category of post with qualification and age is as under: S.No.Categoryof labour/PostQualificationAgeDescription of the work1.Semi8th Standard Pass21-40Helping in hydro-meteorological Skilledhaving swimmingYearsobservation works which includes Workers.skill in the rivers gauge and discharge observations, and physically fit.

  • Medical Premium Waiver is underwritten by Guardrisk Life Limited (FSP number 76) (collectively referred to as “Guardrisk”).

  • Borrow material for rehabilitation and reconstruction of the bunds should be taken from designated borrow areas as identified in the site specific EMPs. The Project will not finance any activity that extracts borrow material from a designated forest reserve or wildlife protected area, regardless to approvals from the Forest Department (FD) and Department of Wildlife Conservation (DWC).

  • Alternatively, the intermediary does not represent any other Gap Cover and Medical Premium Waiver product supplier.

  • Actual and theoretical utilization rates of airmen performing pick-up and delivery and airmen performing all other tasks will be calculated for both locations and compared.

  • Intermediaries earn statutory commission on premiums namely 20% on Liberty Gap Cover, 15% in the case of Liberty Gap Cover for 65 years and older, 20% on Liberty Gap Cover optional benefits and 10% on Liberty Medical Premium Waiver.

Related to Premium Waiver

  • Premium Letter means the letter agreement dated the Closing Date among LBAC, the Issuer and the Note Insurer referring to payment of the Premium.

  • Premium payment plan means a benefit plan whereby state and

  • Premium pay Per the statute, recipients have broad latitude to designate critical infrastructure sectors and make grants to third-party employers for the purpose of providing premium pay or otherwise respond to essential workers. While the interim final rule generally preserves the flexibility in the statute, it does add a requirement that recipients give written justification in the case that premium pay would increase a worker’s annual pay above a certain threshold. To set this threshold, Treasury analyzed data Federal Register / Vol. 86, No. 93 / Monday, May 17, 2021 / Rules and Regulations 26817 from the Bureau of Labor Statistics to determine a level that would not require further justification for premium pay to the vast majority of essential workers, while requiring higher scrutiny for provision of premium pay to higher- earners who, even without premium pay, would likely have greater personal financial resources to cope with the effects of the pandemic. Treasury believes the threshold in the interim final rule strikes the appropriate balance between preserving flexibility and helping encourage use of these resources to help those in greatest need. The interim final rule also requires that eligible workers have regular in-person interactions or regular physical handling of items that were also handled by others. This requirement will also help encourage use of financial resources for those who have endured the heightened risk of performing essential work.

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Premium Due Date means date specified in the Schedule on which the Instalment Premium will become due.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Special Primary Insurance Premium With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.

  • Premium tax means a tax paid by insurance companies to provincial and territorial governments calculated as a percentage of gross premiums written.

  • Premium Loading means the additional premium on top of the Standard Premium charged by the Company to the Policy Holder according to the additional risk assessed for the Insured Person.

  • Premium Amount The amount of premium due to the Note Insurer in accordance with the terms of the Insurance Agreement.

  • Insurance Schedule means Schedule 3 attached hereto.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Premium Rate has the meaning assigned to such term in the Premium Letter.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Premium surcharge means a payment required from a subscriber, in addition to the subscriber's medical premium contribution, due to an enrollee's tobacco use or an enrolled subscriber's spouse or state registered domestic partner choosing not to enroll in their employer- based group medical when:

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Reimbursement insurance policy means a policy of insurance

  • Life Insurance Policy has the meaning given in Section 6.11.

  • Health insurance policy means a policy that provides specified benefits for hospital and/or general treatment and meets all requirements under section 63-10 of the Private Health Insurance Act 2007.

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Copayment means that you pay a fixed amount each time you fill a prescription.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Standard Amendment Coversheet refers to the form used by the Judicial Council to amend agreements with other parties. Several originally signed, fully executed versions of a Standard Amendment, together with the integrated Contract Documents, shall each represent an Amendment as an individual contract counterpart.

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;