Benefit Illustration definition

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 Regulations and contains clear disclosure of both guaranteed and non-guaranteed benefits, if any, of the Policy
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Benefit Illustration means an Annexure that illustrates the premiums and guaranteed and non-guaranteed Benefits of the proposed 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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Examples of Benefit Illustration in a sentence

  • 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.

  • 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.

  • 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.

  • 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.

  • Such Benefit Illustration shall be signed by both the prospective policyholder and intermediary and shall form part of the Policy Document.Suitability information to be collected, including recommendations to be made, shall be a part of the policy records.Separate instructions on the above shall be issued by Marketing Department, Central Office.

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

  • 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.

  • At the time of sale, a customized Benefit Illustration shall be provided to the prospective Policyholder.

  • You should read the Product Disclosure Sheet and Benefit Illustration for more information and the Takaful certificate for the complete terms and conditions of this Takaful plan.


More Definitions of Benefit Illustration

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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Benefit Illustration means an Annexure along with the Policy Document that illustrates the premiums and guaranteed and non-guaranteed benefits of the proposed Policy.
Sample 1
Benefit Illustration means a benefit illustration prepared by an
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Benefit Illustration means an Annexure along with the Policy Schedule that ill ustrates the premiums, guarantees, returns, benefits and values of the proposed policy. This Benefit Ill ustration complies with IRDAI Regulations and contains clear disclosure of both guaranteed and non -guaranteed benefits, if any, of the 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;
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Related to Benefit Illustration

  • 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.

  • 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.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

  • Group Grievance is defined as a single grievance, signed by a Xxxxxxx or a Union Representative on behalf of a group of employee who have the same complaint. Such grievances must be dealt with at successive stages of the Grievance Procedure commencing with Step 1. The grievors shall be listed on the grievance form.

  • 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.