Common use of Withdrawal of Policy Clause in Contracts

Withdrawal of Policy. i. In the likelihood of this product being withdrawn in future, the Company will intimate the insured person about the same 90 days prior to expiry of the policy. ii. Insured Person will have the option to migrate to similar health insurance product available with the Company at the time of renewal with all the accrued continuity benefits such as cumulative bonus, waiver of waiting period as per IRDAI guidelines, provided the policy has been maintained without a break.

Appears in 2 contracts

Samples: Insurance Policy, Insurance Policy

AutoNDA by SimpleDocs

Withdrawal of Policy. i. In ln the likelihood of this product being withdrawn w ithdrawn in future, the Company will w ill intimate the insured person about the same 90 days prior to expiry of the policy. ii. Insured lnsured Person will w ill have the option to migrate to similar health insurance product available with w ith the Company at the time of renewal renew al with all the accrued continuity benefits such as cumulative bonus, waiver w aiver of waiting period period. as per IRDAI guidelines, provided the policy has been maintained without w ithout a break.

Appears in 1 contract

Samples: Insurance Policy

Withdrawal of Policy. i. In the likelihood of this product being withdrawn in future, the Company will intimate the insured person Policyholders about the same 90 days prior to expiry date of withdrawal of the policyproduct. ii. Insured Person will have the option to migrate to similar health insurance product available with the Company at the time of renewal with all the accrued continuity benefits such as cumulative bonus, waiver of waiting period as per IRDAI guidelines, provided the policy has been maintained without a break.

Appears in 1 contract

Samples: Group Health Policy

Withdrawal of Policy. i. 1. In the likelihood of this product being withdrawn in future, the Company will intimate the insured person about the same 90 days prior to expiry of the policy. ii2. Insured Person will have the option to migrate to similar health insurance product available with the Company at the time of renewal with all the accrued continuity benefits such as cumulative bonus, waiver of waiting period period. as per IRDAI guidelines, provided the policy has been maintained without a break.

Appears in 1 contract

Samples: Health Insurance Policy

Withdrawal of Policy. i. In the likelihood of this product being withdrawn in future, the Company will intimate the insured person about the same 90 days prior to expiry of the policy. ii. Insured Person will have the option to migrate to similar health insurance product available with the Company at the time of renewal with all the accrued continuity benefits such as cumulative bonus, waiver of waiting period period. as per IRDAI guidelines, provided the policy has been maintained without a break.

Appears in 1 contract

Samples: Hospital Cash Daily Allowance Policy

AutoNDA by SimpleDocs

Withdrawal of Policy. i. In ln the likelihood of this product being withdrawn in future, the Company will intimate the insured person about the same 90 days prior to expiry of the policy. ii. Insured lnsured Person will have the option to migrate to similar health insurance product available with the Company at the time of renewal with all the accrued continuity benefits such as cumulative bonus, waiver of waiting period period. as per IRDAI guidelines, provided the policy has been maintained without a break.

Appears in 1 contract

Samples: Personal Accident Insurance Policy

Withdrawal of Policy. i. In the likelihood of this product being withdrawn in futurefuture with due approval of IRDAI, the Company will intimate the insured person Insured Person about the same 90 days prior to expiry of the policyPolicy. ii. Insured Person will have the option to migrate to similar health insurance product available with the Company at the time of renewal with all the accrued continuity benefits such as cumulative bonus, waiver of waiting period period, as per IRDAI guidelines, provided the policy Policy has been maintained without a breakbreak as per extant regulatory framework.

Appears in 1 contract

Samples: Group Loan Insurance Policy

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!