Common use of Dependent Children Benefit Clause in Contracts

Dependent Children Benefit. If We have accepted a claim for Accidental Death in accordance with Sections D.I.A.1, in respect of an Insured Person, then in addition to any amount payable under that Section, We will pay the amount as specified against this benefit in the Policy Schedule, in respect of Dependent Child (children) under the age of 25 as on the date of occurrence, irrespective of whether the child (children) is an Insured Person under this Policy. Any Claim towards this benefit that becomes admissible where the Dependent Child (children) is a minor, shall be payable to the Legal Guardian. If one child, the Sum Insured specified under this benefit shall be paid fully to the child. If more than one child, the Sum Insured specified under this benefit shall be paid equally among all eligible children.

Appears in 1 contract

Samples: Policy Contract

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Dependent Children Benefit. If We have accepted a claim for Accidental Death in accordance with Sections D.I.A.1, in respect of an Insured Person, then in addition to any amount payable under that Section, We will pay the amount as specified against this benefit in the Policy Schedule, in respect of Dependent Child (children) under the age of 25 as on the date of occurrence, irrespective of whether the child (children) is an Insured Person under this Policy. Any Claim towards this benefit that becomes admissible where the Dependent Child child (children) is a minor, shall be payable to the Legal Guardian. If one child, the Sum Insured specified under this benefit shall be paid fully to the child. If more than one child, the Sum Insured specified under this benefit shall be paid equally among all eligible children.

Appears in 1 contract

Samples: Policy Contract

Dependent Children Benefit. If We have accepted a claim for Accidental Death in accordance with Sections D.I.A.1I.A.1, in respect of an Insured Person, then in addition to any amount payable under that Section, We will pay the amount as specified against this benefit in the Policy Schedule, in respect of Dependent Child (children) under the age of 25 as on the date of occurrence, irrespective of whether the child (children) is an Insured Person under this Policy. Any Claim towards this benefit that becomes admissible where the Dependent Child child (children) is a minor, shall be payable to the Legal Guardian. If one child, the Sum Insured specified under this benefit shall be paid fully to the child. If more than one child, the Sum Insured specified under this benefit shall be paid equally among all eligible children.

Appears in 1 contract

Samples: Lifestyle Protection Group Policy

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Dependent Children Benefit. If We have accepted a claim for Accidental Death in accordance with Sections D.I.A.1I.A.1,, in respect of an Insured Person, then in addition to any amount payable under that Section, We will pay the amount as specified against this benefit in the Policy Schedule, in respect of Dependent Dependant Child (children) under the age of 25 as on the date of occurrence, irrespective of whether the child (children) is an Insured Person under this Policy. Any Claim towards this benefit that becomes admissible where the Dependent Child child (children) is a minor, shall be payable to the Legal Guardian. If one child, the Sum Insured specified under this benefit shall be paid fully to the child. If more than one child, the Sum Insured specified under this benefit shall be paid equally among all eligible children.

Appears in 1 contract

Samples: Group Personal Accident Insurance Policy

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