Date of Commencement of Risk definition

Date of Commencement of Risk means the date specified in the Schedule (unless the Policyholder is informed otherwise by the Company) from which the risk cover of the Life Assured commences under the Policy.

Date of Commencement of Risk means the date as mentioned in the Policy Schedule from which the insurance benefits start under the Policy or on which date the risk commences under the Riders, if opted for. The commencement of risk cover on the Life Assured shall depend on the age of the Life Assured on commencement of the Policy.

Date of Commencement of Risk means the date as specified in the Schedule, on which the insurance coverage/risk under the Policy commences;

Examples of Date of Commencement of Risk in a sentence

• If at the correct age, the Life Assured was insurable, then We may revise the Annualised Premium and/or applicable benefits payable under the Plan from the Date of Commencement of Risk by adjusting or deducting the differential premium that would have been payable.

• The Investment Fund Allocation as chosen by Policyholder at the Date of Commencement of Risk of the Policy can be modified only after the first Policy Year by submitting the Investment Fund Allocation Instruction.

• Date of Commencement of Risk is the date from which the insurance cover under the Rider commences.

• If the death due to suicide is within one (1) year • From the Date of Commencement of Risk, the amount payable will be 80% of the Regular Premiums paid OR • From the date of the latest revival, the amount payable will be the higher of 80% of the Regular Premiums paid and Surrender Benefit as on the date of death.

• For monthly Premium payment mode policies, the Company may accept 3 months Premium in advance only on the Date of Commencement of Risk .

More Definitions of Date of Commencement of Risk

Date of Commencement of Risk means:

Date of Commencement of Risk means the date as mentioned in the Policy Schedule from which the insurance Benefits/rider Benefits, if any, start under the Policy.

Date of Commencement of Risk means the date on which the risk under the Policy comes into effect and is as specified in the Schedule.

Date of Commencement of Risk means the date mentioned as Date of Commencement of Risk in the Certificate of Insurance issued to the concerned Member.

Date of Commencement of Risk means the later date of the following:

Date of Commencement of Risk means the date on which the risk

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