ATPD Benefit definition

ATPD Benefit means the additional Add-on Cover benefit payable on ATPD on the life of the Life Assured. Please refer to Section 4)a)iii) below for more details.
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ATPD Benefit means the benefit payable on ATPD of the life of the Life Assured. Please refer to Section 4a)i)(1), Section 4)a)ii)(1), Section 4)a)iii)(1) and Section 4)a)iv)(1) below for more details.
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ATPD Benefit means the benefit payable on ATPD of the life of the Life Assured. Please refer to Section 4 below for more details.
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Examples of ATPD Benefit in a sentence

  • ATPD Benefit will not be payable if Accident happens before the expiry of the Policy Term and disability happens within 90 days of the date of Accident but after expiry of Policy Term.

  • In case of diagnosis of any of the covered Critical Illness during the Policy Term post completion of Waiting Period and survival of impacted life till end of Survival Period, all future premiums of the impacted life under the Policy will be waived and all other coverages on this life shall continue for the remaining Policy Term as an in-force Policy.Note: If ATPD Benefit (Optional In-built Cover 2 or 3) is opted, then this benefit cannot be opted.

  • The ATPD Sum Assured can be chosen independently from the Sum Assured at inception but cannot be more than the Sum Assured at inception.⚫ Only one of the two ATPD In-Built Cover options can be chosen by the Policyholder / Working Spouse.⚫ Where CI Benefit is opted, then ATPD Benefit option cannot be co-opted on the same life.⚫ The ATPD Sum Assured will remain constant throughout the Policy Term.⚫ No ATPD benefit is available in case Policy is in Lapsed status.

  • The ATPD Benefit is equal to the Death Benefit as mentioned in the Certificate of Insurance.


More Definitions of ATPD Benefit

ATPD Benefit means the benefit payable on the ATPD of the Life Assured calculated in accordance with Section 5a) below
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Related to ATPD Benefit

  • Retirement Benefit means the benefit set forth in Article 5.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • Disability Benefit means the benefit set forth in Article 8.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Regular benefits ’ means benefits payable to an individual under this act or under any other state law, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U.S.C. chapter 85, other than extended benefits.

  • Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads resulting from the billing unit effects of the load reduction, as specified in Operating Agreement, Schedule 1, section 3.3A.4 and the parallel provisions of Tariff, Attachment K-Appendix, section 3.3A.4.