Benefit Illustration definition

Benefit Illustration means an Annexure along with the Policy Schedule that illustrates the premiums, guarantees, returns, benefits and values of the proposed policy. This Benefit Illustration complies with IRDAI Regulations and contains clear disclosure of both guaranteed and non-guaranteed benefits, if any, of the Policy.
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Benefit Illustration means a benefit illustration prepared by an insurer registered to carry on direct life insurance business under the Insurance Act (Cap. 142) pursuant to the Notice on Market Conduct Standards for Direct Life Insurer as a Product Provider [Notice No. MAS 318];
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Benefit Illustration means an Annexure along with the Policy Schedule that illustrates the premiums, guarantees, returns, benefits and values of the proposed policy. This Benefit Illustration
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Examples of Benefit Illustration in a sentence

  • The incremental Sum Assured and the increase in the Premium payable shall be as per the Benefit Illustration as agreed by you and attached to the copy of the Proposal Form in this Policy.

  • The Benefit Illustration of this policy, signed by you (copy enclosed along with this policy document) confirms that your policy meets requirement of the above circular.

  • We therefore conduct analyses that rely on automati- cally extracted features only on the Europarl cor- pora.

  • If You are not satisfied with the terms & conditions/features of the Policy and benefits stated in the Benefit Illustration, You have the right to return the Policy for cancellation by providing a written notice to Us stating objections/reasons and receive the refund of all Premiums paid without interest after deducting proportionate risk premium, stamp duty and medical examination cost along with applicable taxes, cesses and levies which have been incurred for issuing the Policy.

  • In the case of a life policy, the financial adviser shall furnish the client with a Benefit Illustration in respect of the life policy (where a Benefit Illustration is available in respect of the life policy).

  • The Benefit Illustration of this policy, signed by you (copy enclosed along with this policy document) confirms that your policy meets requirement of the above circulars.

  • Benefit Illustration To illustrate the above benefits let’s have a look at the following Benefit Illustration*The table below gives the Total Maturity Benefit for a healthy male aged 35 years at standard age proof1.

  • Your customized Benefit Illustration is enclosed to this Policy Document.

  • Request you to refer the Benefit Illustration separately to understand the benefits applicable.

  • Please also refer to the Supplementary Sheet of Benefit Illustration Statement, which provides you with an at-a-glance table of how the cost of insurance protection and platform fees would affect the amount of premiums available for investment under your ILAS policy.


More Definitions of Benefit Illustration

Benefit Illustration means an Annexure along with the Policy Schedule that illustrates the premiums, guaranteed and non-guaranteed Benefits of the proposed Policy.
Sample 1
Benefit Illustration means an Annexure that illustrates the premiums and guaranteed and non-guaranteed Benefits of the proposed Policy.
Sample 1
Benefit Illustration means an illustration prepared and provided by the authorized insurer to the customer of a life insurance policy showing the projected surrender values and death benefits of the life insurance policy and containing, at minimum, the information shown in the Standard Illustrations in the Appendices to this Guideline;
Sample 1
Benefit Illustration means a benefit illustration prepared by an
Sample 1
Benefit Illustration means an Annexure along with the Schedule that illustrates the premiums, guarantees, returns, benefits and values of the proposed policy. This Benefit Illustration complies with IRDA of India Regul ati o n s an d c o n tain s clear disclosure of both guaranteed and non-guaranteed benefits, if any, of the Policy
Sample 1

Related to Benefit Illustration

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.

  • Additional gap medical benefits means the benefits (if any) payable in respect of medical expenses that are more than the schedule fee and which otherwise meet the requirements of the fund’s no or known gap policy, provided always that the medical expenses relate to a professional service that:

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Title IV-E Foster Care means a federal program authorized under §§ 472 and 473 of the Social

  • Defined Benefit Plan means each Benefit Plan which is subject to Part 3 of Title I of ERISA, Section 412 of the Code or Title IV of ERISA.

  • CAFRA Planning Map means the map used by the Department to identify the location of Coastal Planning Areas, CAFRA centers, CAFRA cores, and CAFRA nodes. The CAFRA Planning Map is available on the Department's Geographic Information System (GIS).

  • Lifetime Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder cumulatively since the inception of these Terms and Benefits, irrespective whether any limits of any benefit items stated in the Benefit Schedule have been reached or whether the Annual Benefit Limit in a Policy Year has been reached.

  • Cost sharing means the respective share of Total Project Costs to be contributed by the Applicant and by DOE. The percentage of Applicant Cost Share is to be applied to the Total Project Cost (i.e., the sum of Applicant plus DOE Cost Shares) rather than to the DOE contribution alone.

  • pension means a pension or annual allowance paid under the Public Service Superannuation Act (PSSA), R.S., 1985, c. P-36, and any increases paid pursuant to the Supplementary Retirement Benefits Act, R.S., 1985, c. S-24 as it affects the PSSA. It does not include pensions payable pursuant to the Canadian Forces Superannuation Act, R.S., 1985, c. C-17, the Defence Services Pension Continuation Act, 1970, c. D-3, the Royal Canadian Mounted Police Pension Continuation Act , 1970, c. R-10, and the Royal Canadian Mounted Police Superannuation Act, R.S., 1985, c. R-11, the Members of Parliament Retiring Allowances Act, R.S. 1985, c. M-5, and that portion of pension payable to the Canada Pension Plan Act, R.S., 1985, c. C-8.