Savings Insurance Policy definition

Savings Insurance Policy means the combined risk and capital policy (gecombineerde risico- en kapitaalverzekering) taken by a Borrower with an Savings Insurance Company in connection with any Insurance Savings Mortgage Loan.

Savings Insurance Policy means an insurance policy taken out by any Borrower, in connection with a Savings Mortgage Loan, comprised of a risk insurance element and a capital insurance element which pays out a certain amount on an agreed date or, if earlier, upon the death of the insured life.

Savings Insurance Policy means the combined risk and capital policy (gecombineerde risico- en kapitaalverzekering) taken by a Borrower with a Savings Participant in connection with any Insurance Savings Mortgage Loan;

Examples of Savings Insurance Policy in a sentence

• Subject to Clause 3 of the Parallel Debt Agreement and Clauses 12 and 13 of the Trust Deed, the Insurance Savings Participant shall effect payments under the Savings Insurance Policy and the Savings Investment Insurance Policy, respectively, related to Savings Mortgage Loans and Savings Investment Mortgage Loans, respectively, which are subject to an Insurance Savings Participation, where reasonably possible and to the extent permitted, to the CBC by way of set-off.

• Furthermore, the Insurance Savings Participant shall in so far as possible not pay any amount due under the Savings Insurance Policy and the Savings Investment Insurance Policy related to Savings Mortgage Loans and Savings Investment Mortgage Loans, respectively, which are subject to an Insurance Savings Participation to the Borrowers, but to the CBC, by way of set-off.

More Definitions of Savings Insurance Policy

Savings Insurance Policy. ] means an insurance policy taken out by any Borrower, in connection with a Savings Mortgage Loan, comprised of a risk insurance element and a capital insurance element which pays out a certain amount on an agreed date or, if earlier, upon the death of the insured life;

Savings Insurance Policy means all claims which the relevant Transferor has or will have on the relevant Savings Participant or relevant insurance companies or in respect of any Savings Insurance Policies under which such Transferor has been appointed by the Borrower/insured as first beneficiary (begunstigde) in connection with the Savings Mortgage Receivable; means the combined risk and capital policy (gecombineerde risico- en kapitaalverzekering) taken by a Borrower with a Savings Participant or insurance company in connection with any Insurance Savings Mortgage Loan whereby the capital is built up with regular deposits and a "Savings Investment Insurance Policy" "Savings Linked Insurance Policy" fixed interest rate linked to the interest rate on the Mortgage Receivable; means an insurance policy taken out by any Borrower, in connection with a Switch Mortgage Loan, comprised of a risk insurance element and a capital insurance element which pays out a certain amount on an agreed date or, if earlier, upon the death of the insured life and whereby a Borrower may switch part or all premia accumulated in a Savings Alternative into an Investment Alternative and vice versa; means the Savings Insurance Policy and a Savings Investment Insurance Policy;