Date of Commencement of Policy definition

Date of Commencement of Policy means the date mentioned in the Schedule as “Date of Commencement of Policy.

Date of Commencement of Policy means: the date of acceptance of proposal by the Insurer, subject to realization of the Premium and receipt of Group Member data.

Date of Commencement of Policy means the date, as specified in the Schedule, on which this Policy commences.

Examples of Date of Commencement of Policy in a sentence

• If the Age declared in the Proposal Form is found to be incorrect at any time during the Policy Term or at the time of claim, We may revise the Premium with interest and/or applicable benefits payable under the Policy in accordance with the Premium and benefits that would have been payable, if the correct Age would have made the Life Insured eligible to be covered under the Policy on the Date of Commencement of Policy.

• The date mentioned in the Schedule as Date of Commencement of Policy.

• If the Age declared in the Proposal Form is found to be incorrect at any time during the Policy is in force or at the time of claim, We may revise the Purchase Price with interest and/or applicable benefits payable under the Policy in accordance with the Purchase Price and benefits that would have been payable, if the correct Age would have made the Annuitant eligible to be covered under the Policy on the Date of Commencement of Policy.

• F.4 Suicide Exclusion If death occurs due to suicide within 12 months from the Date of Commencement of Policy or within 12 months from the date of revival of the Policy, the death benefit is refund of 80% of the premium(s) paid (excluding taxes) provided the Policy is In Force.

• The Annuity shall be payable in arrears i.e. the annuity payment shall commence after 1 year, 6 months, 3 months and 1 month from the Date of Commencement of Policy depending on whether the mode of annuity payment is Yearly, Half yearly, Quarterly and Monthly respectively.

• Under this Policy, the Annuitant should pay the Company the Purchase Price on or before the Date of Commencement of Policy.

• Subject to our minimum Premium requirements, Premiums may be paid on monthly, quarterly, half-yearly or annual mode at the Premium rates applicable on the Date of Commencement of Policy.

• Subject to Our minimum Premium requirements, Premiums may be paid on monthly, quarterly, half-yearly or annual mode at the Premium rates applicable on the Date of Commencement of Policy.

• Subject to Our minimum Premium requirements, Premiums may be paid on an annual, semi-annual, quarterly or monthly mode at the Premium rates applicable on the Date of Commencement of Policy.

• You may avail loan under the Policy at any time after 6 months from the Date of Commencement of Policy.

More Definitions of Date of Commencement of Policy

Date of Commencement of Policy means the date specified in the Schedule when the Policy commences;

Date of Commencement of Policy. Means the date when the Policy is deemed to have commenced as mentioned in Schedule above as Date of Commencement of Policy.

Date of Commencement of Policy means the date on which the Policy comes into effect and is as specified in the Policy Schedule;

Date of Commencement of Policy. Means the date when the Policy is deemed to have commenced and which shall also be considered for calculating the Policy anniversary.

Date of Commencement of Policy means :

Date of Commencement of Policy. : means the date when the Policy is deemed to have commenced.