TERMINATION OF COVER. The coverage would cease on the employee’s exit from employment either due to resignation or superannuation or any other reasons as specified in the policy document, whichever is earlier. The terms of this policy are based on the details as provided under the Application along with all the relevant annexure / documents basis which the contract is been entered and that sum assured of each employee, as provided in the census data, is within 10 times his / her annual salary (subject to a maximum of INR
TERMINATION OF COVER. An Insured Person’s cover shall terminate at the earliest of these dates:
a) on the Policy Anniversary Date as stated in the Policy Schedule, b) on the death of the Insured,
TERMINATION OF COVER. (i) Cover on the Covered Person(s) shall automatically terminate on the earlier of
(a) His 65th birthday in respect of the Covered Events of Death, Illness or Accident.
(b) His 63rd birthday in respect of the Covered Event of Redundancy.
(c) The expiry of the Loan Contract.
(d) The total repayment of the balance under the Loan Contract.
(e) Any goods forming all or part of the subject of the Loan Contract being repossessed.
(f) This Plan being cancelled by the Covered Person(s) or the Company.
TERMINATION OF COVER. The cover on each Student shall terminate upon the occurrence of any one of the following events:
a. a Payout Event;
b. the Student ceases to be a student of the PEI for any reason whatsoever; or
c. the Student switches to another course of study that differs from the Course regardless as to whether the other course of study is provided by the PEI or any other party. In the event that cover on the Student is terminated other than upon the occurrence of a Payout Event and provided no claim has been paid or is payable under the Certificate of Insurance, We will return the pro rata unearned portion of the premium We have received in respect of the Certificate of Insurance to which the termination relates.
TERMINATION OF COVER. The cover provided under this Agreement will automatically terminate on its expiry date, or upon cancellation.
TERMINATION OF COVER. If the insured person ceases employment with the Company, then cover will cease under this policy on the date he or she leaves our employment. You should also note that should we elect to no longer provide insurance under this policy, we shall notify you in writing at least thirty (30) days before cover ceases. CLAIMS PROCEDURE: Conditions Applicable to all Sections of this Policy A claim form must be submitted to the Company to obtain benefits under this policy : COMPLYING WITH POLICY CONDITIONS: the due observance and fulfillment of the terms of this Policy and the truth of the statements and answers in the Application, and in any statements and medical evidence required from you in connection with this insurance, shall be conditions precedent to our liability to make any payment under this policy. a) All medical certificates and evidence required by us shall be furnished as required at the insured person’s expense. b) In order to assess a claim, an insured person shall submit to any further medical examination at our expense as often as is reasonably required.
TERMINATION OF COVER. The cover is considered null once one of the following events occurs: - Cancellation by the Insured Person. - If a premium has not been collected from the insured bank account. - On reaching the end age of cover stated in the policy, subject to the maximum insurable age.
TERMINATION OF COVER. The cover of any Covered Person will terminate at midnight in the Country of Residence on the following dates and in the following events: In the event of non-payment of the premium within 30 days of any Payment Date then all cover will ter- minate retrospectively on the relevant Payment Date. In the event of termination by the Company of the employment of an Eligible Employee then all cover terminates on the last day of the month in which such termination takes effect, alternatively the next Payment Date to which payment has been made, whichever shall first occur. The 31st December of the year during which the Eligible Employee attains the age of 60. In respect of the spouse of the Eligible Employee, cover will not be provided beyond the 31st December of the year during which the spouse attains the age of 60. In respect of any child of the Eligible Employee, cover will not be provided beyond the 31st December of the year during which such child attains the age of 25. In the event of change of the Country of Residence to another country in a different Geographical Zone for a period of more than one calendar month then all cover will terminate on the expiry of the calendar month unless such change has been notified to the Insurer by the submission of a fresh enrolment form (the medical questionnaire need not be submitted) and payment, if necessary, of any additional pre- mium.
TERMINATION OF COVER a. An Insured Incident will only qualify for benefits if the hospitalisation caused by such Insured Incident commences before the date of cancellation in which case all outstanding claims must be submitted to the Company within three (3) months after the date of cancellation.
b. Cover terminates on the death of the Principal Insured Person. However, on the death of the Principal Insured Person the cover of the Eligible Spouse under this Policy may be continued should such spouse elect to do so within sixty (60) days of the death of the Principal Insured Person.
c. Cover will be terminated immediately where the Insured files a claim that is fraudulent or uses any fraudulent or improper means to get any benefit under this Policy.
d. No Premium refund shall be due in the case of cancellation by the Insured Person, or termination of cover due to fraud.
e. Payment of premium via PERSAL: Should this policy be cancelled for any reason, such cancellation needs to be communicated to Government before the Payroll Deduction in order to be effective in the following calendar month. If an instruction is received by Government (PERSAL) after the Payroll Deduction, for example if an instruction to cancel the policy is received by Government on 25 April, the policy will only be cancelled effective at the end of the following month, i.e. 31 May as the Payroll Deduction will be processed in May.
TERMINATION OF COVER a. This policy may be cancelled by the Insured Person at any time by giving thirty-one (31) days’ notice in writing to the Binder Holder and/or the Underwriting Manager.
b. The Company can cancel this policy at any time if any Insured Person does not fulfil their duties under this policy or if they are dishonest or fraudulent. The Company will notify the Principal Insured Person:
i. immediately in writing of cancellation for fraudulent or dishonest actions or the non-payment of premium; and
ii. of cancellation after 31 days’ notice in writing (or such other period, as may be mutually agreed and/or otherwise prescribed by this policy).
c. An Insured Incident will only qualify for benefits if the hospitalisation caused by such Insured Incident commences before the date of cancellation in which case all outstanding claims must be submitted to the Company within three (3) months after the date of cancellation.
d. Cover terminates on the death of the Principal Insured Person. However, on the death of the Principal Insured Person, the cover of the Eligible Spouse under this policy may be continued provided such spouse elects to do so by notifying the Binder Holder and/or Underwriting Manager within sixty (60) days of the death of the Principal Insured Person.
e. No premium refund shall be due in the case of cancellation by the Principal Insured Person.
f. Payment of premium via PERSAL: Should this policy be cancelled for any reason, such cancellation needs to be communicated to Government before the Payroll Deduction in order to be effective in the following calendar month. If an instruction is received by Government (PERSAL) after the Payroll Deduction, for example if an instruction to cancel the policy is received by Government on the 25th of April, the policy will only be cancelled effective at the end of the following month, i.e. 31 May as the Payroll Deduction will be processed in May.
