Permanent Disability Benefit definition

Permanent Disability Benefit means the Benefit for the amount shown in the Policy Document (or any increased or reduced amount in accordance with this Policy) and provided under Part
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Permanent Disability Benefit means the benefit, as set out in the Schedule, which is payable if the Member’s Permanent Disability claim is admitted as a valid claim by Capital Alliance.
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Permanent Disability Benefit means the Benefit for the amount shown in the Schedule (or any increased or reduced amount in accordance with this Policy) and provided under Part 6 of this Policy, subject to the Insured meeting the definition of ‘Permanently Disabled’ in clause 6.1.
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Examples of Permanent Disability Benefit in a sentence

  • The Total and Permanent Disability Benefit is alternative to and not in addition to the Death Benefit.

  • The Company will also continue his/her Accidental Death and Dismemberment Insurance until age 65 unless he/she elects to receive the Monthly Total and Permanent Disability Benefit.

  • If the insured dies within one (1) year after the accident, the Total and Permanent Disability Benefit is not payable.

  • If the Total and Permanent Disability Benefit is paid, no further benefits are payable under the policy.

  • For more details on rider eligibility conditions, rider terms and other applicable conditions please refer to the detailed rider brochures for Kotak Accidental Death Benefit Rider (Linked) and Kotak Permanent Disability Benefit Rider (Linked) available on our website.

  • If other benefits have been paid under the policy, we will subtract the amount paid for other benefits from the Total and Permanent Disability Benefit.

  • If the insured is 21 years old or more at the time of the accident, the Total and Permanent Disability Benefit payable is $100,000 or the maximum benefit under the plan chosen, whichever is less.

  • Basic Benefit The Death Benefit, Terminal Illness Benefit or Total and Permanent Disability Benefit provided on the Basic Policy, as the case may be.

  • Refers to the Kotak Permanent Disability Benefit Rider and shall form part of the base Policy document and run concurrently with the base Policy.

  • If the Accident occurs before the end of Policy Term, but Total and Permanent Disability occurs after the end of the Policy Term and within 180 days of the Accident, Accidental Total and Permanent Disability Benefit will be payable.


More Definitions of Permanent Disability Benefit

Permanent Disability Benefit means the monthly benefit a Participant is entitled to receive as determined under Section 3.6 and any other relevant sections of the Pension Plan.
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Related to Permanent Disability Benefit

  • Disability Benefit means the benefit set forth in Article 8.

  • Permanent Disability means the Employee’s inability to perform the essential functions of the Employee’s position, with or without reasonable accommodation, for a period of at least 120 consecutive days because of a physical or mental impairment.

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • Disability benefits means any cash payments which are payable to a covered individual for all or part of a period of disability pursuant to P.L.1948, c.110 (C.43:21-25 et al.).

  • Permanent total disability means incapacity because of accidental injury or occupational disease to earn any wages in any employment for which the employee may become physically suited and reasonably fitted by education, training or experience, including vocational rehabilitation; loss of both hands, or both feet, or both legs, or both eyes, or any two thereof, shall constitute permanent total disability;

  • mental disability means one or more mental disorders, as defined in the most recent edition of the American Psychiatric Association's "Diagnostic and Statistical Manual of Mental Disorders", or a record of or regarding a person as having one or more such disorders;

  • Disability/Disabled means because of Injury or Sickness you are unable to perform the material duties of your Regular Occupation, or are receiving disability benefits under the Employer's plan, during the initial 9 months of Disability. Thereafter, you must be unable to perform all of the material duties of any occupation which you may reasonably become qualified based on education, training or experience, or are subject to the terms of a Rehabilitation Plan approved by the Insurance Company.

  • Total Disability means a “permanent and total disability” within the meaning of Section 22(e)(3) of the Code and such other disabilities, infirmities, afflictions or conditions as the Committee by rule may include.

  • Disability retirement for plan 1 members, means the period

  • Permanent Disablement means a disability falling under one of the items of disablement listed in the scale of compensation in this Policy under Section 1, which was caused by an Accident, as long as the disability lasts for twelve (12) consecutive months from the date of the Accident and at the expiry of that period our appointed Registered Medical Practitioner confirms that the disability is not going to improve after twelve (12) months.

  • Permanent and Total Disability means any medically determinable physical or mental impairment rendering an individual unable to engage in any substantial gainful activity, which disability can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months.

  • Disability or Disabled means that during the Elimination Period and your Own Occupation Period you are, as a result of Physical Disease, Injury, Mental Disorder, Substance Abuse or Pregnancy, unable to perform one or more of the Material Duties of your Own Occupation, and, due to such inability, your Work Earnings are less than 80% of your Indexed Predisability Earnings, and you are incapable of earning 80% or more of your Indexed Predisability Earnings. Your Work Earnings may be Deductible Income. See the “LTD Benefit Calculation” and “Deductible Income” sections.

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Disability means total and permanent disability as defined in Section 22(e)(3) of the Code.

  • Disability Termination means the termination of a Participant’s employment under the disability provisions of the Participant’s Employment Agreement or, if the Participant is not a party to an Employment Agreement, then as a result of a “Disability” as defined in the Plan.

  • Termination Benefit means the benefit set forth in Article 7.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Multiple disabilities means concomitant impairments, the combination of which causes such severe educational problems that programs designed for the separate disabling conditions will not meet the student’s educational needs.

  • Accidental disability means a physical or mental condition that

  • Recurrent Disability means a Disability caused by an Injury or Sickness that is the same as, or related to, the cause of a prior Disability for which Monthly Benefits were payable. A Recurrent Disability will be treated as follows.

  • Permanent partial disability means a permanent disability

  • Disabled or Disability means Disabled or Disability within the meaning of Section 409A of the Code and the regulations thereunder. Generally, this means that the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering Employees of the Employer.

  • Severance from Service Date means the earlier of:

  • Normal Retirement Benefit means an annual benefit equal to One Hundred Fifty Thousand Dollars and No/100 ($150,000.00) per year, payable in accordance with the terms of this Agreement. Beginning on the thirteenth month that the Normal Retirement Benefit is paid, and continuing thereafter until paid in full, the Normal Retirement Benefit shall be increased annually by three percent (3%) from the previous year’s Normal Retirement Benefit amount to account for cost of living increases.

  • Partial Disability or "Partially Disabled" means you, as a result of Injury or Sickness, are able to:

  • Pregnancy disability means a pregnancy-related medical condition or miscarriage.