Date of Inception of the Policy definition

Date of Inception of the Policy means the date on which this Policy is issued after We have accepted the risk under the Application. The Date of Inception of the Policy is shown in the Schedule
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Examples of Date of Inception of the Policy in a sentence

  • From the Date of Inception of the Policy, the nominee or beneficiary of the Policyholder will be entitled to at least 80% of the premiums paid, provided the Policy is in force or2.

  • In case of death due to suicide within 12 months:1) From the Date of Inception of the Policy, the nominee or beneficiary of the Policyholder will be entitled to at least 80% of the premiums paid, provided the Policy is in force or2) From the date of latest revival of the Policy the nominee or beneficiary of the Policyholder shall be entitled to an amount which is higher of 80% of the premiums paid till the date of death or the surrender value as available on the date of death.

  • It may be renewed on each anniversary of the Date of Inception of the Policy by payment of the premium determined by the Company at the time of renewal.

  • Month Anniversary is the monthly anniversary of the Date of Inception of the Policy.

  • The Terminal Bonus declared will be a percentage of the Simple Reversionary Bonus declared by Us and payable to You or Your Nominee / Appointee on maturity of the Policy as the case maybe.2.5. Suicide Exclusion If the Insured’s death is due to suicide (whether sane or insane at the time of suicide) within one year from the Date of Inception of the Policy, Our liability to make payment under the Policy will be limited only to refunding 80% of the total Regular Premium received under the Policy.

  • If the Life Assured’s death is due to suicide (whether sane or insane at the time of suicide) within one year from the Date of Inception of the Policy, Our liability to make payment under the Policy will be limited only to refunding 80% of the total Premium received under the Policy provided the Policy is in Inforce status.

  • F.12 Suicide:If the Life Assured commits suicide for any reason, while sane or insane, within one year from the Date of Inception of the Policy or within one year from the date of Reinstatement, as the case may be, the Policy shall terminate with immediate effect and the Company will not be liable to pay the Benefits under the Policy.

  • If the Insured’s death is due to suicide (whether sane or insane at the time of suicide) within one year from the Date of Inception of the Policy, Our liability to make payment under the Policy will be limited only to refunding 80% of the total Regular Premium received under the Policy.

  • If the Life Insured is less than Age 18 on the Date of Inception of the Policy, then the risk will commence on the Date of Inception of Policy and the ownership of the Policy will immediately and automatically vest in the Life Insured on the Life Insured attaining Age 18.

  • Policyholder shall mean the owner of this Policy and is referred to as the proposer in the proposal form and is named as such in the Policy Schedule.Policy Commencement Date / Date of Inception of the Policy is the Date, Month and Year the Policy comes into effect and is as specified in the Policy Schedule.

Related to Date of Inception of the Policy

  • Certificate of Incorporation means the certificate of incorporation of the Company, as may be amended and/or restated from time to time.

  • Company Board of Directors means the board of directors of the Company.

  • The Policy means any insurance policy held by the Landlord for the Property or the Fixtures and Fittings.

  • Group Policy /”policy” means the breakdown policy as set out in this document;

  • Bylaws means the bylaws of the Corporation, as they may be amended from time to time.

  • Board of Directors means the board of directors of the Company.

  • Certificate of Insurance means a document showing that an insurance policy has been written and includes a statement of the coverage of the policy.

  • Articles of Incorporation means the Articles of Incorporation of the Company, as amended from time to time.

  • School board means the governing board of directors of the local school district.