Income Benefit definition

Income Benefit means a payment made to an employee for a compensable injury. The term does not include a medical benefit, death benefit, or burial benefit.

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Income Benefit means all payments made under this Title to the providers of medical care, rehabilitation services and hospital care.

Income Benefit means, in a policy that is not lapsed or paid-up [both as per Section 6a) & Section 6b) below], an additional benefit payable on the death of the Life Assured over a 10 year period (if the Variant chosen under the Policy is “Super”) equal to a monthly instalment as mentioned in the Schedule. That is, the monthly instalment is equal to Sum Assured divided by 120. The details are as given in Section 4a) below.

Examples of Income Benefit in a sentence

I receive, or intend to receive, a Work and Income benefit while studying (not including a student allowance).
If, within a period equal to twice your deferment period you suffer successive periods of absence from work as a direct cause of the same illness or injury, you can apply for your Global Income benefit to start once the total amount of time you have been unable to work due to that illness or injury equals your deferment period.
The PAYOR shall be responsible for establishing the CONSUMER’s eligibility for third party reimbursement status, Supplemental Security Income benefit status, and other benefits status, if any.
Application for this Conversion Privilege must be made within 31 days after the last day of the calendar month in which the Survivor Income benefit Insurance is canceled.
Under a Joint Lifetime Income benefit, LIA payments will terminate upon the death of the last Covered Person.

More Definitions of Income Benefit

Income Benefit means an amount payable monthly during the Payout Period as specified in the Schedule;

Income Benefit means an amount, as specified in the Schedule, payable during the Income Benefit Period as per the Income Benefit Payout Frequency selected by You. No Income Benefit is available under the Wealth For Milestones Variant;

Income Benefit means an amount, as specified in the Schedule, payable during the Payout Period as per the frequency selected by You;

Income Benefit means total of Guaranteed Income and Cash Bonus, if any.

Income Benefit means the benefit payable on the death or ATPD of the Life Assured (whichever is earlier) calculated in accordance with Section 5 a ii) below.

Income Benefit means all payments made under this Title to the employee or his dependents.

Income Benefit means all payments made under this Title to