Date of Discontinuance definition

Date of Discontinuance means the

Date of Discontinuance means the date on which We receive a written intimation from You about the Discontinuance of this Policy or surrender of the Policy or on the expiry of the 30 (Thirty) day notice period specified in Clause 5.7 and Clause 5.8, whichever is earlier;

Date of Discontinuance means the date on which the Policy is converted to a Discontinued Life Policy at the expiry of the Grace Period in a Policy where the due Regular Premium has not been paid. The details are as given in Section 7 below.

Examples of Date of Discontinuance in a sentence

• If the Date of Discontinuance of the Policy is during the lock-in period, then the Company shall transfer the Fund Value subject to deduction of Discontinuance Charges (as applicable) into the Discontinued Policy Fund.

• If the Date of Discontinuance of the Policy is during the Lock-in Period, then the Company shall transfer the Fund Value subject to deduction of Discontinuance Charges (as applicable) into the Pension Discontinued Policy Fund.

• If the Date of Discontinuance of the Policy is during the Lock-in-Period, then the Company shall transfer the Fund Value subject to deduction of Discontinuance Charges (as applicable) into the Discontinued Policy Fund.

• On complete withdrawal of the Policy, fund value less applicable discontinuance charges as on the Date of Discontinuance, shall be credited to the Discontinued Policy Fund maintained by Us at a minimum guaranteed rate of 4% p.a. or as prescribed by IRDAI of India from time to time.

• If the Date of Discontinuance of the Policy is during the Lock-in Period, then the Company shall transfer the Fund Value subject to deduction of Discontinuance Charges (as applicable) into the Discontinued Policy Fund.

More Definitions of Date of Discontinuance

Date of Discontinuance means the date on which the Company receives the intimation from you about the Discontinuance of the policy or Complete Withdrawal (surrender) of the policy or expiry of notice period, whichever is earlier.

Date of Discontinuance means the date on which We receive a written intimation from You about the Discontinuance of the Policy or You opting to choose to revive the Policy or complete withdrawal (i.e. surrender) of the Policy or expiry of the Notice Period specified in Part C, whichever is earlier;

Date of Discontinuance means the date on which We receive a written intimation from You about the surrender of the Policy or on the expiry of Grace Period, whichever is earlier;

Date of Discontinuance means the date on which We receive Your response on the notice issued or the expiry of the notice period, whichever is earlier;

Date of Discontinuance means the date on which any of the events described in clauses 8.1.1 to 8.1.4 (inclusive) occurs, or the date advised in writing by the Employer or Capital Alliance to the other, that the Policy will be terminated.

Date of Discontinuance means the date on which we receive a communication from you requesting for surrender of the policy or discontinuance of the policy or on the date of expiry of notice period within which you are supposed to exercise an option as per the options given in the notice of discontinuance, whichever is earliest.

Date of Discontinuance means the date on which We receive a written intimation from You confirming the Surrender of this Policy or You choosing to revive the Policy within the Revival Period or the date on which the Notice Period expires, whichever is earlier;