ORGAN DONOR BENEFIT Sample Clauses

ORGAN DONOR BENEFIT. WHEN INSURED PERSON IS THE DONOR: A lumpsum payment of 10% of Sum Insured, to take care of medical and other incidental expenses is payable to the Insured Person donating an organ, provided that the donation conforms to the Transplantation of Human Organs Act 1994(as amended from time to time) and any other extant Act, Central / State Rules / regulations, as applicable, in respect of transplantation of human organs. This benefit is available only to the Insured person provided that this policy has been in force for a continuous period of minimum 24 months in respect of such an insured person. This lumpsum payment will be made even if the Deductible has not been exceeded, and will be in addition to any amount payable under this head in any other Policy / or any other source. However, payment made under this section shall be within the Sum Insured limit of the Policy.
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ORGAN DONOR BENEFIT. If you become disabled as the result of surgery for transplanting an organ or donating bone marrow from Your body to the body of another person, We will pay benefits under this policy and any attached riders on the same basis as any other Sickness. The Elimination Period must be satisfied and the donation must occur after this policy has been in force for six months or more from the Issue Date or last Reinstatement Date for benefits to be paid. WAIVER OF PREMIUM We will begin to waive payment of Your renewal premiums on the first premium due date after You have been Totally Disabled for the Elimination Period or 90 days, whichever is shorter. Any premiums paid during this period which became due after Your Total Disability started will be refunded. Waiver of premium ends when You are no longer receiving disability monthly benefits under this policy or any rider. Premiums are not waived during a period of Partial Disability. LIMITATIONS Foreign Travel and Residency. We will pay up to a maximum of three disability monthly benefits for any disability sustained or continued outside the United States or Canada. Mental/Nervous Disorders; Substance Abuse. We will pay up to a maximum of 24 disability monthly benefits during Your lifetime for disabilities due to Mental/Nervous Disorders and Substance Abuse. Pre-existing Condition. If Your disability is within two years from the Issue Date and is due to a Pre-existing Condition, no benefits will be paid unless the condition was disclosed and not misrepresented on Your application and is not excluded by a policy amendment rider.
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Related to ORGAN DONOR BENEFIT

  • Lump Sum The Change Order cost is determined by mutual agreement as a lump sum amount changing the Contract Sum allowed for completion of the Work. The Change Order shall be substantiated by documentation itemizing the estimated quantities and costs of all labor, materials and equipment required as well as any xxxx-up used. The price change shall include the cost percent allowed for the Contractor's overhead and profit and, if eligible, Time Dependent Overhead Costs.

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

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