Date of Commencement of the Policy definition

Date of Commencement of the Policy means the date when the first Contribution/Premium is received by the Insurer from the Policyholder and as specified in the Policy Schedule.
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Date of Commencement of the Policy means the date on which the Policy comes into effect and is as specified in the Policy Schedule.
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Date of Commencement of the Policy means the xxxxxxxxxxxxxxxxxxxxxxx
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Examples of Date of Commencement of the Policy 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.

  • The annual Premiums are payable in advance on the anniversary of the Date of Commencement of the Policy.

  • At inception, the Policyholder must provide up to date Group Member Data mentioned in Annexure MD to the Insurer on or before the Date of Commencement of the Policy.

  • Date of diagnosis within 90 days from Date of Commencement of the Policy or Reinstatement Date of the Policy;2.

  • The Company shall open a Unit Account on the Date of Commencement of the Policy.

  • A charge of 0.1% of the Annualised Premium will be levied on each Monthly Anniversary by cancellation of Units (including the Date of Commencement of the Policy) from the Fund Value, subject to a minimum charge of Rs.50 per month and a maximum charge of Rs.500 per month.

  • You may apply for an increase in Annuity Amount any time after six months after the Date of Commencement of the Policy (base plan) by paying an additional Purchase Price/Premium as a Single Pay, provided the Policy is in-force and no due premiums are outstanding.

  • If the Life Assured’s death arises directly or indirectly through or in consequence of suicide within 12 months from the Date of Commencement of the Policy, the Nominee or beneficiary shall be entitled to higher of 80% of the Premium paid or surrender value.

  • If the correct Age of the Life Assured is lower than the Age declared in the Proposal, the charge for Insurance Covers payable under the Policy shall be altered corresponding to the correct Age of the Life Assured (the “corrected charge for Insurance Covers”) from the Date of Commencement of the Policy and the Company may, at its discretion, allocate without interest, the accumulated difference between the original charge for Insurance Covers paid and the corrected charge for Insurance Covers.

  • The Master Policyholder has agreed to furnish such statements and particulars as may be required by the Company together with the premium payable in respect of the Coverage of those who may be admitted into the membership of this Policy from time to time after the Date of Commencement of the Policy (the “Subsequent Insured Members”).


More Definitions of Date of Commencement of the Policy

Date of Commencement of the Policy means the XXst day of XXXX 20XX.
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Related to Date of Commencement of the Policy

  • Date of commencement of the project means the date of the agreement.

  • Date of Commencement means the date designated in the Notice to Proceed for Contractor to commence the Work.

  • 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 Commercial Operation means the date on which the (nuclear or non-nuclear) power plant has successfully passed all performance and operational tests required by the end customer for commercial operation. In all other cases the warranty shall apply for twenty-four (24) months from delivery of the goods or performance of the services, or such longer period of time as customarily provided by Supplier, plus delays such as those due to non-conforming goods and services. The warranties shall apply to Buyer, its successors, assigns and the users of goods and services covered by this Order.

  • Policy Commencement Date means the date of commencement of the Policy as specified in the Schedule.

  • Employment Commencement Date means the date on which the Employee first performs an Hour of Service.

  • Date of Completion with respect to a Project shall mean: (i) the date upon which such Project and all components thereof have been acquired or constructed and are capable of performing the functions for which they were intended, as evidenced by an Engineers’ Certificate filed with the Trustee and the Issuer; or (ii) the date on which the Issuer determines, upon the recommendation of or in consultation with the Consulting Engineer, that it cannot complete such Project in a sound and economical manner within a reasonable period of time as evidenced by an Engineers’ Certificate filed with the Trustee and the Issuer; provided that in each case such certificate of the Consulting Engineer shall set forth the amount of all Costs of such Project which have theretofore been incurred, but which on the Date of Completion is or will be unpaid or unreimbursed.

  • Construction Commencement Date means the date set out in the Addendum, if applicable, by which you must commence construction of the Hotel. For the Hotel to be considered under construction, youmust have begun to pour concrete foundations for the Hotel or otherwise satisfied any site-specific criteria for “under construction” set out in the Addendum.

  • the commencement date means the date on which the Contract shall take effect, as notified by the Authority to the Contractor in a letter awarding the Contract.

  • Service Commencement Date means the date the Transmission Provider begins to provide service pursuant to the terms of an executed Service Agreement, or the date the Transmission Provider begins to provide service in accordance with Tariff, Part II, section 15.3 or Tariff, Part III, section 29.1.

  • Lease Commencement Date means the Closing Date. The “Lease Expiration Date” shall mean the later of (i) the date of the final payment in full of the French Advances and (ii) the Vehicle Lease Expiration Date for the last Lease Vehicle leased by the Lessee hereunder. The “Term” of this Agreement shall mean the period commencing on the Lease Commencement Date and ending on the Lease Expiration Date.

  • Commencement Date of the Contract means the date of signing of the Contract between the Purchaser and the Contractor.

  • Services Commencement Date means the date delivery of the Services shall commence as specified in the Key Provisions. If no date is specified in the Key Provisions this date shall be the Commencement Date;

  • Accumulation Commencement Date means January 1, 2021, or such later date as the Calculation Agent on behalf of the Issuer determines in accordance with Section 2.11 hereof.