Date of Discontinuance definition

Date of Discontinuance means the date on which the Policy is converted to a Discontinued Life Policy at the expiry of the Grace Period in a Policy where the due Regular Premium has not been paid. The details are as given in Section 7 below.

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Date of Discontinuance means the

Date of Discontinuance means the date on which We receive a written intimation from You about the Discontinuance of this Policy or surrender of the Policy or on the expiry of the 30 (Thirty) day notice period specified in Clause 5.7 and Clause 5.8, whichever is earlier;

Examples of Date of Discontinuance in a sentence

• If the Date of Discontinuance of the Policy is during the lock-in period, then the Company shall transfer the Fund Value subject to deduction of Discontinuance Charges (as applicable) into the Discontinued Policy Fund.

• If the Date of Discontinuance of the Policy is during the Lock-in-Period, then the Company shall transfer the Fund Value subject to deduction of Discontinuance Charges (as applicable) into the Discontinued Policy Fund.

• If the Date of Discontinuance of the Policy is during the Lock-in Period, then the Company shall transfer the Fund Value subject to deduction of Discontinuance Charges (as applicable) into the Pension Discontinued Policy Fund.

• An amount equal to the Policy Administration Charge falling due between the Date of Discontinuance and the date of revival will be levied on revival by cancelling Units in the Unit Account at their NAV.

• If the Policy is Discontinued after the end of the Lock-in Period specified in the Policy Schedule, then the Unit Fund Value as on the Date of Discontinuance less any Discontinuance Charge specified in the Policy Schedule will be paid out immediately on receipt of all necessary documents.

More Definitions of Date of Discontinuance

Date of Discontinuance means the date on which the Company receives the intimation from you about the Discontinuance of the policy or Complete Withdrawal (surrender) of the policy or expiry of notice period, whichever is earlier.

Date of Discontinuance means the date on which We receive a written intimation from You about the Discontinuance of the Policy or You opting to choose to revive the Policy or complete withdrawal (i.e. surrender) of the Policy or expiry of the Notice Period specified in Part C, whichever is earlier;

Date of Discontinuance means the date on which We receive a written intimation from You about the surrender of the Policy or on expiry of the Grace Period, whichever is earlier;

Date of Discontinuance means the date on which we receive a communication from you requesting for surrender of the policy or discontinuance of the policy or on the date of expiry of notice period within which you are supposed to exercise an option as per the options given in the notice of discontinuance, whichever is earliest.

Date of Discontinuance means the date on which We receive Your response on the notice issued or the expiry of the notice period, whichever is earlier;

Date of Discontinuance means the date on which any of the events described in clauses 8.1.1 to 8.1.4 (inclusive) occurs, or the date advised in writing by the Employer or Capital Alliance to the other, that the Policy will be terminated.

Date of Discontinuance means the date on which the policy is converted to a Discontinued Life Policy wherein Policyholder has surrendered the policy during the first five (5) policy years. The details are given in Section 5c) below.