Common use of LOSS OF JOB BENEFIT Clause in Contracts

LOSS OF JOB BENEFIT. (DUE TO ILLNESS/ ACCIDENT) Benefits under Section III will be payable subject to the terms, conditions and exclusions of this Policy and the availability of the Loss of Job (Due to Illness/ Accident) Sum Insured specified in the Policy Schedule/ Certificate of Insurance. Our total liability under this Policy for payment of any and all Claims in the aggregate arising under Section III during the Policy Period shall not exceed the Loss of Job (Due to Illness/ Accident) Sum Insured specified in the Policy Schedule / Certificate of Insurance. If the Insured Person is terminated or temporarily suspended from employment by his/her employer in accordance with the employer’s rules/regulations or in accordance with applicable Indian law or the directives of any Public Authority due to an illness or due to any injury sustained during an Accident during the Policy Period , We will pay the Insured Person the number of EMI as mentioned in the Policy Schedule / Certificate of Insurance EMI Amount(s) falling due in respect of the account number of the Credit (as stated in the Policy Schedule / Certificate of Insurance) after the commencement of the event giving rise to a Claim under Section III of the Policy till the reinstatement of employment with the same employer or new employer, subject to a maximum of Sum Insured mentioned in the Policy Schedule / Certificate of Insurance provided that:

LOSS OF JOB BENEFIT. (DUE TO ILLNESS/ ACCIDENT) Benefits under Section III will be payable subject to the terms, conditions and exclusions of this Policy and the availability of the Loss of Job (Due to Illness/ Accident) Sum Insured specified in the Policy Schedule/ Certificate of InsuranceSchedule. Our total liability under this Policy for payment of any and all Claims in the aggregate arising under Section III during the Policy Period shall not exceed the Loss of Job (Due to Illness/ Accident) Sum Accident)Sum Insured specified in the Policy Schedule / Certificate of InsuranceSchedule. If the Insured Person is terminated or temporarily suspended from employment by his/her employer in accordance with the employer’s rules/regulations or in accordance with applicable Indian law or the directives of any Public Authority due to an illness or due to any injury sustained during an Accident during the Policy Period Period, We will pay the Insured Person the number of EMI as mentioned in the Policy Schedule / Certificate of Insurance three EMI Amount(s) falling due in respect of the Loan (account number of the Credit (as stated in the Policy Schedule / Certificate of InsuranceSchedule) after the commencement of the event giving rise to a Claim under Section III of the Policy till the reinstatement of employment with the same employer or new employer, subject to a maximum of Sum Insured mentioned in equivalent to three EMI’s as stated under Section III of the Policy Schedule / Certificate of Insurance provided that: