Free Cover Limit definition

Free Cover Limit means the amount of the Benefit granted to a Member without any medical underwriting.
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Free Cover Limit wherever applicable, means the maximum Sum Assured up to which the insurance cover on the lives of Members can be allowed based on simple insurability conditions without requiring any evidence of health, based on the criteria mentioned in the board approved Underwriting Policy, as specified in the Schedule;
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Free Cover Limit means the amount of cover granted on the life of the Member without undergoing any medical examination/underwriting as per the underwriting rules of the Insurer.
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Examples of Free Cover Limit in a sentence

  • All SUNY campuses have an Applied Learning Team led by collaborative groups of faculty, professional staff, administrators and students.

  • The above lien period will not be applicable for members whose benefit is beyond the Free Cover Limit i.e. members who have undergone medicals.

  • A change in Flexible Benefit will usually take effect from the first of the month following the Member’s request to change their level of Flexible Benefit subject to any anti-selection requirements being met and the level of cover being less than the Free Cover Limit.

  • The Free Cover Limit is as mentioned in the schedule to this Master Policy document.

  • The employee will be required to complete an employee declaration form and further Medical Underwriting may be required.Unless otherwise agreed by the Company, such a Member will not be entitled to a Free Cover Limit at date of joining or at any time thereafter.


More Definitions of Free Cover Limit

Free Cover Limit means the amount of cover granted on the life of the employee/ Member without undergoing any medical examination/underwriting.
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Free Cover Limit means the amount of the Benefit/Sum Assured granted on the life of the employee/Insured member without undergoing any medical examination/underwriting.
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Free Cover Limit means the maximum amount of policy benefit that may be accepted for cover in respect of a particular insured member without specific underwriting. It represents the amount, if any, specified as such in the policy schedule, and may be subsequently revised from time to time as agreed between the insurer and the policyholder.
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Free Cover Limit means the Sum Assured amount as specified in the Schedule, up to which Insurance cover can be allowed based on simple insurability conditions without requiring any evidence of health;
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Free Cover Limit means the level of Capitalised Death Benefit above which a Member is required to provide evidence of health.
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Free Cover Limit. It defines the maximum amount of Sum Assured as stated in the Schedule that can be accepted on an Insured Member on a non-individually underwritten basis
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Free Cover Limit means in respect of a benefit payable in terms of RULE 6.1.1(a), the maximum amount as determined by the TRUSTEES from time to time in terms of which proof of the MEMBER’S good health does not have to be submitted.
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