Examples of First Policy in a sentence
In case of Family First Policy, Sum Insured means the total of the Base Sum Insured for each Insured Person, the Loyalty Additions as per Section 4.1 for each Insured Person and the Floater Sum Insured specified in the Schedule of Insurance Certificate which is Our maximum, total and cumulative liability for any and all claims during the Policy Year in respect of each Insured Person.
Conditions specified for an Insured Person under Personal Waiting Period in the Schedule of Insurance Certificate will be subject to a Waiting Period of 24 months from the inception of the First Policy with Us and will be covered from the commencement of the third Policy Year as long as the Insured Person has been insured continuously under the Policy without any break.
If the Insured Person is suffering from the above Illness/condition as a Pre- existing Diseases or a condition under Personal Waiting Periods at the time of inception of the First Policy with Us, any claim in respect of that Illness/condition shall not be covered until 48 months of continuous coverage have elapsed since the inception of the First Policy with Us for Insured Persons to whom the Silver Plan is applicable.
These claim cost sharing options can be selected only at the time of issuance of the First Policy or at Renewal by You.
If on the death of some of the Insured Persons during the Policy Period which results in the remaining Insured Persons being ineligible to avail a Family Floater Policy or Family First Policy, on Renewal, We will issue eligible insurance cover to the remaining Insured Persons subject to Our Board-approved underwriting policy.
Note: For all Renewing Insured Persons for whom the First Policy document states that this Specific Waiting Period applies only above 60 years of Age, the terms of the Specific Waiting Period as set out in the First Policy document (including the list of relevant medical conditions and surgical conditions as set out below) shall continue to apply until any Waiting Period has expired.
These optional benefits can be selected only at the time of issuance of the First Policy or at Renewal by You.
All Pre-existing Diseases shall not be covered until 24 months of continuous coverage have elapsed since the inception of the First Policy with Us for Insured Persons to whom the Gold and Platinum Plans are applicable and until 48 months of continuous coverage have elapsed since the inception of the First Policy with Us for Insured Persons to whom the Silver Plan is applicable.