Revival Period definition

Revival Period means the period of five consecutive years from the date of discontinuance of the Policy, during which period the Policyholder is entitled to revive the Policy, which was discontinued due to the non-payment of Premium, in accordance with the terms of Revival of a Policy.

Revival Period means a period of 2 (Two) years from the due date of the first unpaid Premium;

Revival Period means a period of 5 (Five) consecutive years from the due date of the first unpaid Premium, during which period You are entitled to revive the Policy which was discontinued due to the non-payment of Premium;

Examples of Revival Period in a sentence

• Revival Period: For instalment premium policies, the revival period shall be 15 days.

• Your Policy will terminate upon the occurrence of any of the following events: • the date of payment of the Surrender Value; or • the date of settlement of Death Benefit; or • the end of the Benefit Payout Period; or • the date on which the Revival Period ends if the Lapsed Policy has not been revived; or • the date on which the outstanding loan amount exceeds the Surrender Value in case of Reduced Paid Up (RPU) policies; or • the date of payment of free look cancellation amount.

• Revival Period: Instalment (less than annual) premium policies may be revived by mutual consent and in such event the Revival premium should be paid to Us within 15 days of the installment due date.

More Definitions of Revival Period

Revival Period means the period of five (5) consecutive complete years from the date of first unpaid Regular Premium, during which period the Policyholder is entitled to revive the Policy, which was discontinued due to the non-payment of Regular Premium.

Revival Period means a period of 2 consecutive years from the first Premium Due Date on which the Instalment Premium was unpaid during which a lapsed Policy or a Reduced Paid-up Policy may be revived in accordance with the terms of Part D of this Policy.

Revival Period means a period of 2 (Two) years from the Date of Discontinuance;

Revival Period means the period of five consecutive years from the date of first unpaid premium, during which period the policyholder is entitled to revive the policy which was discontinued due to the non- payment of premium.

Revival Period means a period of 2 years from the first unpaid installment of Premium

Revival Period means a period of five (5) consecutive years from the due date of first unpaid Regular Premium, during which the Policyholder is entitled to revive the Policy which was lapsed due to non-payment of Regular Premium.

Revival Period means the period of two consecutive years from the Date of Discontinuance of the Policy. During this period a discontinued policy can be revived.