CI Benefit definition

CI Benefit means the additional Add-on Cover benefit payable on the diagnosis of any specified Critical Illness on the life of the Life Assured. Please refer to Section 4)a)iv) below for more details.
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CI Benefit means the benefit payable on the first diagnosis of the Life Assured with any specified Critical Illness. Please refer to Section 4 below for details.
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Examples of CI Benefit in a sentence

  • F.6 Exclusions for Critical Illness (CI) Benefit There is a waiting period of 90 days from the Date of Commencement of the Policy and the date of reinstatement of the Policy to claim the benefit.

  • Accelerated CI benefit is payable on diagnosis of any of the specified Critical Illness during the CI Benefit cover period, provided the policy is in-force and meets the terms and conditions (Please refer Annexure for further details).

  • If the CI Benefit payable is lesser than the death Benefit of the Basic policy, the death Benefit of the Basic policy will be reduced by the amount paid for the CI.

  • However, for the CI Benefit, the premium rates under the plan are guaranteed for a period of five years only and can be revised thereafter basis experience under the product by seeking prior approval from the Authority.

  • If the Life insured is diagnosed with an early or intermediate stage of a covered CI, We will pay the CI Benefit subject to the maximum aggregate amount and waive all future Premiums for this rider starting from the next Premium due date immediately after the date of diagnosis.

  • This CI Benefit accelerates the Death Benefit of the Policy to which it is attached.

  • Upon payment of the CI Benefit for an early or intermediate stage of a covered CI, this rider will continue with the remaining CI Benefit (if any) to be payable upon the diagnosis of a severe-stage covered CI.

  • If the death Benefit of the Basic policy is reduced due to a claim for Terminal illness Benefit under the Basic policy or Total and permanent disability Benefit under any other riders, We will reduce the CI Benefit of this rider proportionally.

  • Critical Illness (CI) Benefit with 5 conditions Master policyholder/member can choose any one of the above benefit options at inception of the ridercover.

  • Extra protection for critical illness withEarly Critical Illness (ECI) Benefit rider and Critical Illness (CI) Benefit riderAdditionalPayoutuponMajor Cancers, Heart Attack, StrokeUpon diagnosis of any one of the Advanced Stage top common critical illnesses – Major Cancers, Heart Attack, and Stroke4, you will receive an additional amount equivalent to 50% of the rider sum assured.

Related to CI Benefit

  • 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).

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

  • 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.

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

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

  • 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.

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

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

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Societal benefits charge means a charge imposed by an electric

  • 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.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Special benefit means, for purposes of a property-based district, a particular and distinct benefit over and above general benefits conferred on real property located in a district or to the public at large. Special benefit includes incidental or collateral effects that arise from the improvements, maintenance, or activities of property-based districts even if those incidental or collateral effects benefit property or persons not assessed. Special benefit excludes general enhancement of property value.

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

  • Matching Contribution means an employer contribution made to this or any other defined contribution plan on behalf of a participant on account of an Employee Contribution made by such participant, or on account of a participant's Elective Deferral, under a plan maintained by the employer.