Life Insurance Cover means the difference between the Death Benefit and the value of the Units under the Policy.

Life Insurance Cover means the greater of

Life Insurance Cover means the difference between the Sum Assured and the Fund value at any point of time.

Examples of Life Insurance Cover in a sentence

A Group Life Insurance Cover taken under this Facility shall be provided by a life insurance company.
The Policyholder shall furnish to the Company all such data, information or evidence as the Company may reasonably require upon or with regard to any matter affecting the Life Insurance Cover effected or to be effected herein under and the Company shall not be liable for any action taken in good faith upon any data, information, or evidence so furnished which shall be or shall prove to have been erroneous or inaccurate.
It is hereby expressly agreed between the Policyholder and the Company that this Policy is effected in accordance with the provisions of the Scheme Rules and in the event of the Rules being amended such amendments, if they have any bearing on or affect in any way, the Policy Terms and Conditions or any of the Life Insurance Cover effected hereunder, shall become effective only if the said amendments are approved by the Company on such terms as the Company may stipulate.
The Group Life Insurance Cover will be governed by the terms and conditions of the insurance policy with the relevant Insurance Company as determined by the AMC.
Magnum Holders who do not fall within the age group of 18 years to 54 years would not be eligible for the Life Insurance Cover.

More Definitions of Life Insurance Cover

Life Insurance Cover means the Assurance cover provided against the risk of death to each Member under this Policy and shall be deemed to commence on the Entry Date of the respective Member.

Life Insurance Cover means the Sum Assured

Life Insurance Cover means the assurance cover provided against the risk of death to each Member and the Additional Rider Benefit as per Section 4.1(e) below, if opted so, under this Policy.

Life Insurance Cover means the Sum Assured minus the Fund Value, subject to a minimum of zero.

Life Insurance Cover means the assurance cover provided by this Policy against the risk of death and the cover provided under Additional Rider Benefits, if opted.

Life Insurance Cover means the assurance cover provided against the risk of death to each Member from the Annual Renewal Date following the attainment of age 7 and the Additional Rider Benefit as per Section 4.1(e) below, if opted so, under this Policy.

Life Insurance Cover means the Assurance cover provided against the risk of death or Accidental Permanent Total Disability, if opted, or Critical Illness, if opted, to the Member under this Policy and shall be deemed to commence on the Entry Date of the Member.