Benefit 7 : Automatic Recharge Sample Clauses

Benefit 7 : Automatic Recharge. If a Claim is payable under the Policy, then the Company agrees to automatically make the re- instatement of up to the Sum Insured once in a policy year which is valid for that Policy Year only, subject to the conditions specified below:
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Related to Benefit 7 : Automatic Recharge

  • Basic Benefit Effective January 1, 2008, the basic life insurance benefit will be increased from $15,000 to $18,000 for employees. This shall be the default level of life insurance coverage, which shall be provided at no cost to the employee.

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