Individual policy means an insurance policy whereby an insured receives hospital or medical coverage on either an expense incurred or service basis, other than for specified diseases or for accidental injuries, and a long−term care insurance policy.
Individual policy means a policy named as an Individual Policy in the Policy Schedule or Certificate of Insurance under which one or more persons are covered as Insured Persons.
Examples of Individual policy in a sentence
In case of Individual Policy, Sum Insured means the total of the Base Sum Insured and Loyalty Additions as per Section 4.1 which is Our maximum, total and cumulative liability for any and all claims during the Policy Year in respect of the Insured Person.
For an Individual Policy or Family Floater Policy, if the Policy is Renewed with Us without a break or if the Policy continues to be in force for the 2nd Policy Year in the 2 year Policy Period (if applicable), each Policy Year We will increase the Sum Insured applicable under the Policy by 10% of the Base Sum Insured of the immediately preceding Policy Year subject to the percentage limit specified in the Schedule of Insurance Certificate.
More Definitions of Individual policy
Individual policy means a Policy described as such in the Policy Schedule where the individual named in the Policy Schedule is the Insured Person under this Policy.
Individual policy means, with respect to life insurance and sickness and accident insurance, a policy other than a group policy, except that "individual policy" also includes all of the following:
Individual policy means an individual policy of insurance providing coverage for the Executive and his dependants.
Individual policy means a policy under which a particular person is the life insured, or two or more particular persons having an insurable interest in each other are the lives insured jointly;
Individual policy or "converted policy" means an individual health insurance policy issued by an insurance company or an individual contract issued by a service corporation or health maintenance organization or similar corporation or organization.
Individual policy means a policy other than a group policy issued to a person, and includes a policy that is underwritten on a group basis;
Individual policy means a policy of insurance in respect of which the policy owner is an individual;