Criticare Gain Option Sample Clauses

Criticare Gain Option. In consideration of additional premium received from the Policyholder/ Insured Person, it is hereby understood & agreed that, the base Sum Insured mentioned in the Policy Schedule/ Certificate of Insurance shall be increased automatically per annum by the percentage chosen, by the Insured Person and accepted by the Company and mentioned in the Certificate of Insurance, throughout the tenure of the Policy/ Coverage. It is hereby clarified that the increase every time would be computed on the base sum insured at which the Policy had been issued first time and not the increased SI in years succeeding the first year of the policy. Conditions specific to this option-  The Sum Insured shall be increased by a flat percentage for every completed year throughout the Coverage Period.  At renewal the Policyholder/ Insured Person shall have an option to reinstate/ revise the Sum Insured by sending in writing the request for such Sum Insured revision. Any revision to Sum Insured shall always be subject to due underwriting by the Company and acceptance of risk by the Company in writing.
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Related to Criticare Gain Option

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