Date of Discontinuance of the Policy definition

Date of Discontinuance of the Policy. Means, the date on which the Company receives the intimation from the Life Insured or the Policyholder about discontinuance of the Policy or the Surrender of the Policy
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Date of Discontinuance of the Policy means the date, which is earlier of:
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Date of Discontinuance of the Policy. Means the date on which the Company receives the intimation from the Policyholder about discontinuance of the Policy (Surrender).Kotak Invest MaximaUIN- 107L073V02 Page 1 of 40
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Examples of Date of Discontinuance of the Policy 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.

  • 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.

  • The Discontinuance Charge, as mentioned in the Schedule, shall be applicable to the Policy Account Value only, on the Date of Discontinuance of the Policy.

  • On the Date of Discontinuance of the Policy the Company shall transfer the Fund Value subject to deduction of Discontinuance Charges (as applicable) into the Discontinued Policy Fund and shall pay to the Policyholder on completion of the Lock-in period, subject to the policy not being revived.

  • The Discontinuance Charge, as per table below, shall be applicable to the Regular Premium Fund Value only, on the Date of Discontinuance of the Policy.

  • On the Date of Discontinuance/Surrender of the Policy before the lock in period of 5 policy years, the Regular Premium Fund Value less the Discontinuance Charge, plus the Top Up Premium Fund Value, if any, all as on the Date of Discontinuance of the Policy shall be moved to the Discontinued Pension Policy Fund.

  • Where Policyholder has already opted for Revival (as mentioned in Clause C (1) under ‘Discontinuance of Policy’ above) The Policyholder may revive his/her Policy within two years from the Date of Discontinuance of the Policy, by paying all the due premiums on the date of revival without any interest or fee.

  • The Fund Value (Main Account plus Top-Up Accounts, if any) on the Date of Discontinuance of the Policy, will be credited to the Discontinued Policy Fund after deduction of Discontinuance Charges (levied only on the Fund Value in the Main Account).


More Definitions of Date of Discontinuance of the Policy

Date of Discontinuance of the Policy means the date of expiry of Notice Period or the date on which the insurer receives an intimation from the Policyholder or Life Insured to completely withdraw to discontinue the Policy as per Section 12, whichever is earlier.
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Date of Discontinuance of the Policy means the date on which the insurer receives the intimation from the Life insured or the policyholder as per section ---
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Date of Discontinuance of the Policy means the date on which the Company receives a written notice from the Policyholder about Surrender of the Policy.
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Date of Discontinuance of the Policy means the due date of the first unpaid premium.
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Related to Date of Discontinuance of the Policy

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  • Scope of the Project shall have the meaning set forth in Clause 2.1;

  • Employees working on the project means laborers, workers, and mechanics employed directly upon the site of work.

  • Disruption of the educational process means the interruption of classwork, the creation of disorder, or the invasion of the rights of a student or group of students.

  • Date of establishment means July 1, 1962.

  • Insurance Affordability Program means a program that is one of the following:

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  • Period of Affordability means the time during which HOME Loan financed units must remain affordable to eligible households, as defined by HOME program regulations and this Plan. The Period of Affordability shall commence upon completion of the project and shall run for the period required under HOME regulations or the term of the HOME Loan, whichever is greater. Completion shall be defined as set forth in the HUD regulations for the HOME program.

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  • Safeguarding and promoting the welfare of children means: • Protecting children from maltreatment• Preventing impairment of children’s mental or physical health or development• Ensuring that children grow up in circumstances consistent with the provision of safe and effective care• Taking action to enable all children to have the best outcomes

  • Pendency of the procurement process means the time period commencing with the public notice of the request for proposals and ending with the award of the contract or the cancellation of the request for proposals.

  • Business Continuity and Disaster Recovery Plan means the Schedule containing plans and provisions for business continuity and disaster recovery.

  • permanent establishment means a fixed place of business through which the business of an enterprise is wholly or partly carried on.

  • Member of the immediate family of the producer means a person who is related to a producer described in Subsection 59-12-104(20)(a) as a:

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  • Title IV-E Foster Care means a federal program authorized under §§ 472 and 473 of the Social

  • main establishment means: (a) as regards a controller with establishments in more than one Member State, the place of its central administration in the Union, unless the decisions on the purposes and means of the processing of personal data are taken in another establishment of the controller in the Union and the latter establishment has the power to have such decisions implemented, in which case the establishment having taken such decisions is to be considered to be the main establishment; (b) as regards a processor with establishments in more than one Member State, the place of its central administration in the Union, or, if the processor has no central administration in the Union, the establishment of the processor in the Union where the main processing activities in the context of the activities of an establishment of the processor take place to the extent that the processor is subject to specific obligations under this Regulation;

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  • CREFC® Significant Insurance Event Template A report substantially in the form of, and containing the information called for in, the downloadable form of the “Interest Significant Insurance Event Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Period of Maintenance means the specified period of maintenance from the date of completion of the works, as certified by the Engineer.

  • Cannabis establishment means a cannabis cultivator, a cannabis manufacturer, a cannabis wholesaler, or a cannabis retailer.

  • Serialization within the part, lot, or batch number means each item of a particular part, lot, or batch number is assigned a unique serial number within that part, lot, or batch number assignment. The enterprise is responsible for ensuring unique serialization within the part, lot, or batch number within the enterprise identifier.

  • transitional matter means a matter that needs to be dealt with for the purpose of effecting the transition from the provisions of the Acts amended by this Act as in force before this Act comes into operation to the provisions of those Acts as in force after this Act comes into operation.

  • Consensus Policies are those policies established (1) pursuant to the procedure set forth in ICANN’s Bylaws and due process, and (2) covering those topics listed in Section 1.2 of this Specification. The Consensus Policy development process and procedure set forth in ICANN’s Bylaws may be revised from time to time in accordance with the process set forth therein.

  • Community Accountability Planning Submission means the HSP Board approved planning document submitted by the HSP to the Funder. The form, content and scheduling of the Planning Submission will be identified by the Funder;

  • Surplus lines insurance means insurance in this State of risks located or to be performed in this State, permitted to be placed through a resident licensed broker with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independently procured, and life and health insurance and annuities. Excess and stop‑loss insurance coverage upon group life, accident, and health insurance or upon a self‑insured’s life, accident, and health benefits program may be approved as surplus lines insurance.