Territorial Limit. All medical treatment for the purpose of this insurance will have to be taken in India only.
Territorial Limit. The United Kingdom including Scottish Islands (Subject to approval by the provider).
Territorial Limit. All benefits under this insurance will be payable in India only.
Territorial Limit. Canada Only
Territorial Limit. Malaysia, Singapore and Brunei NOMINATION There are two (2) types of nomination in takaful: • Conditional Hibah is applicable to the beneficiary of the death benefit; it is revocable and shall only take effect after the death of the Applicant or after the death of the Person Covered and the Applicant is no longer alive and it is complete after Hibah recipient(s) acknowledges receiving the Hibah. Hibah is to be completed by the Applicant who has attained the age of eighteen (18) years and shall receive the death benefits as a beneficiary. • Wasi is the nominee to execute the will (and not the beneficiary); it is revocable and shall only take effect after the death of the Applicant or after the death of the Person Covered and the Applicant is no longer alive and it is complete after Wasi acknowledges receiving it. Wasi is to be completed by the Applicant who has attained the age of eighteen (18) years and shall distribute the Takaful benefits in accordance with the relevant distribution laws. Only one (1) Wasi is advisable for each application. SURPLUS SHARING We will manage Your takaful contributions by charging a Wakalah Fee as approved by the regulatory authorities under the principle of Wakalah, and subsequently continue to be placed into Takaful fund through General Risk Investment Account (GRIA). If at end of the Period of Xxxxxxx stated in the Schedule attached to the Certificate, there is a net surplus in the GRIA, the net surplus shall be shared proportionately at 50:50 ratio among Us / the Takaful Operator and the Participants that have not incurred any claim and/or not received any benefits under the same class of risk as stated in the aforesaid Schedule whilst the Certificate is in force. All retail Participants who have not incurred any claims during the previous coverage period are eligible for surplus distribution. The certificates and contributions must be for one (1) year of Takaful period and have expired by end of the declared financial year. All corporate Participants who have not incurred any claims more than thirty percent (30%) of the gross contribution during the previous coverage period are eligible for the surplus distribution. Certificates and contribution must be for one (1) year of Takaful period and have expired by end of the declared financial year. The eligibility and amount of the surplus to be distributed will be based on the recommendation made by Our Signing Actuary and endorsed by Shariah Committee and Board of Directors.
Territorial Limit. The Territorial Limit is restricted to the Situation of Risk and/or Interest Insured as stated in the Schedule of the Policy but within Malaysia only.
Territorial Limit. The indemnity provided under this Division applies only to a loss that occurs in Canada or the United States of America or on a vessel travelling between Canada and the United States of America.
Territorial Limit. The rights granted by Lee to GRAVITY hereunder shall be valid and effective worldwide (inclxxxng Korea).
Territorial Limit. The assistance and services mentioned in Clauses 2.1 to 2.24 of this Section D apply worldwide outside the Country of Residence and the assistance and services mentioned in Clauses 2.25 and 2.26 of this Section D apply in Hong Kong only.
Territorial Limit. The company’s liability to make any payment under the policy will be within India only.
