Examples of Insured Member in a sentence
The maximum amount payable in respect of an Insured Member /employee in relation to a combination of insurances under this Policy and under the Addendum to Group Core Critical Illness Accelerated Rider, Group Extended Critical Illness Accelerated Rider, Group Accelerated Terminal Illness Rider or any other accelerated rider to this Policy shall not exceed the Amount of Insurance payable under this Policy.
If however such reduced Coverage under the Base Policy becomes zero, then the Coverage under the all attaching addendums along with the premiums there under shall cease for that Insured Member / employee.
If in respect of the Insured Member, the Date of Entry is different (later) to the Policy Effective Date / Cover Commencement Date, proportionate Premiums shall be payable immediately and thereafter the insurance Coverage shall be effective.
The Licensee shall also provide the foregoing information in an electronic spreadsheet.
Where however, the Insured Member was not eligible for Coverage, his membership of the Policy shall stand terminated from inception of the Policy and the premium paid in respect of his Coverage shall be refunded without interest to the Policyholder.