Guaranteed Renewability Sample Clauses
Guaranteed Renewability. This Policy, unless stated otherwise, will be renewed automatically from the Renewal Date for the same Policy term, without further evidence of insurability of the Life Assured on the following conditions:
(a) this Policy is in force immediately before it is renewed on the Renewal Date; and
(b) the Life Assured is at the applicable the last renewal age (or younger), which is age 80 (c) after renewal, the Sum Assured under the renewed Policy is the same Sum Assured as under this Policy before the Renewal Date; and
(d) no claim on this Policy has been admitted. The same terms of acceptance as at the inception of this Policy will continue to be applicable for each successive renewed term. If You do not want to renew this Policy, You must give Us written notice of your intention within 30 days prior to the next Renewal Date.
Guaranteed Renewability. This is a yearly renewable plan and the policy term is 1 year. At the end of 1 year policy term, this policy will be renewed automatically for another 1 year at the same Sum insured and conditions on the expiry date before renewal, so long as the following conditions are met:
(a) this policy is in force on the expiry date before the renewal; and
(b) the life insured has not reached age 85 at the renewal date. The premium that You pay for this policy is guaranteed during the first 1 year policy term. However the renewal premium will be calculated based on the attained age of the life insured using prevailing premium rates at the time of renewal. We reserve the rights to adjust the renewal Premium. We will let You know 30 days in advance if Your renewal Premiums are revised.
Guaranteed Renewability. Guaranteed renewability Benefit is only applicable for policy term of 5 years (renewable). At the end of each 5 years policy term, this policy will be renewed automatically from the renewal date for another 5 years, without giving Us proof of good health if the following conditions are met:
a) this policy is in force on the Expiry date before the renewal;
b) the Life insured has not reached Age 86 at the renewal date;
c) there are no previously admitted or submitted claims on this policy; and
d) the Life insured is insured for the same Sum insured or less. If this policy is issued on non-standard terms, the same terms, conditions and exclusions shall continue to be applicable on the renewed term. The renewal premium will be calculated based on the prevailing premium rates at the attained Age of the Life insured and will stay level throughout the renewed term.
Guaranteed Renewability. Guaranteed renewability Benefit is only applicable for policy term of 5 years (renewable) and 10 years (renewable). At the end of each five (5) years policy term, this policy will be renewed automatically from the renewal date for the same policy term of five (5) years on the same terms and conditions, unless otherwise decided by Us, without giving Us proof of good health if the following conditions are met:
a) This policy is in force on the Expiry date before the renewal;
b) The Life insured has not reached Age 81 at the renewal date;
c) There are no previously admitted or submitted claims on this policy; and
d) The Life insured is insured for the same Sum insured or less. If this policy is issued on non-standard terms, the same terms, conditions and exclusions shall continue to be applicable on the renewed term. The renewal Premium will be calculated based on the prevailing Premium rates at the attained Age of the Life insured and will stay level throughout the renewed term. At the end of each ten (10) years policy term, this policy will be renewed automatically from the renewal date for the same policy term of ten (10) years on the same terms and conditions, unless otherwise decided by Us, without giving Us proof of good health if the following conditions are met:
a) This policy is in force on the Expiry date before the renewal;
b) The Life insured has not reached Age 76 at the renewal date;
c) There are no previously admitted or submitted claims on this policy; and
d) The Life insured is insured for the same Sum insured or less. If this policy is issued on non-standard terms, the same terms, conditions and exclusions shall continue to be applicable on the renewed term. The renewal Premium will be calculated based on the prevailing Premium rates at the attained Age of the Life insured and will stay level throughout the renewed term.
Guaranteed Renewability. If your basic policy is a 5 years (renewable) DIRECT – Etiqa term life, this rider will be renewed automatically together with the basic policy from the renewal date for the same policy term and sum insured, without giving us proof of good health so long as all of the following conditions are met:
a) this rider is in force on the expiry date before the renewal;
b) the life insured has not reached age 61 at the renewal date; and
c) there is no claim on this rider The renewal premium will be calculated based on the prevailing premium rates at the attained age of the life insured and will stay level throughout the renewed term.
Guaranteed Renewability. We guaranteed the renewal of eXTRA premier secure up to the cover expiry date as shown on your policy information page so long as you pay the premium on time.
Guaranteed Renewability. If Your Basic policy has a 5 years (renewable) policy term, this rider will be renewed automatically together with the Basic policy from the renewal date for the same policy term, without giving Us proof of good health if the following conditions are met:
a) this rider is in force on the Expiry date before the renewal;
b) the Life insured has not reached Age 82 at the renewal date;
c) there are no previously admitted or submitted claims on this rider; and
d) the Life insured is insured for the same Sum insured or less. If this rider is issued on non-standard terms, the same terms, conditions and exclusions shall continue to be applicable on the renewed term. The renewal premium will be calculated based on the prevailing premium rates at the attained Age of the Life insured.
Guaranteed Renewability. Subject to the termination clause contained in the Policy, renewability of this Policy is guaranteed. At the expiry of the policy, the policy owner has an option to renew the policy for the same coverage term upon maturity without evidence of insurability provided the following conditions are satisfied:
6.12.1 The life assured is below the maximum entry age; and
6.12.2 No claims has been submitted and approved by Us; and
6.12.3 The policy owner must notify Us of his / her decision to exercise this option no earlier than 30 days before the Maturity/Expiry Date and no later than 30 days thereafter by giving the Us a written notice to such effect; and
6.12.4 A new policy shall be issued in the name of the Life Assured at his/her attained age and at the then applicable premium rate; and
6.12.5 The sum assured for the new policy shall not exceed the sum assured of the expired policy;
6.12.6 The coverage term for the new policy will be the same as the expired policy; and
6.12.7 The underwriting decision in the expired policy shall be applied to the new policy.