Involuntary Loss of Employment definition

Involuntary Loss of Employment means loss of employment for the Cardholder arising out of the unilateral decision of the Employer to terminate his employment contract without citing any reason or for any other reason other than those excluded, provided the Cardholder has been in the full time permanent employment of such employer for at least 6 months.

Involuntary Loss of Employment means unemployment of the Cardmember arising out of the unilateral decision of the employer to terminate his employment contract without citing any reason or for any reason other than those excluded.

Involuntary Loss of Employment means Your involuntary job loss or layoff which is not attributable to Your action, in-action, option or desire and which had not been announced by Your employer prior to the Date Insurance Begins. Loan means the indebtedness in respect of the loan or lease between You and the Creditor which is the subject of this Certificate and which commenced on the Date Loan Begins.

Examples of Involuntary Loss of Employment in a sentence

• Involuntary Loss of Employment which starts within 90 days of the Commencement Date.

• However, the termination shall be only in respect of the Benefit in relation to Involuntary Loss of Employment.

• Loss Of Employment Within 60 Days:We will not pay loss of employment insurance benefits if your Involuntary Loss of Employment begins within 60 days of the Effective Date of Insurance.If this happens:• you may cancel your loss of employment insurance coverage and receive a full refund of Premium paid for this coverage.

• However, the Involuntary Loss of Employment Benefit will not be payable for the first thirty (30) days from the Date of Event and only if the Date of Event falls after ninety (90) days after the Commencement Date.

• Loss Of Employment Within 60 DaysWe will not pay loss of employment insurance benefits if your Involuntary Loss of Employment begins within 60 days of the Effective Date of Insurance.

• The Territorial Limit is ‘worldwide’ in respect of Death, Permanent Total Disablement and Critical Illness Cover and ‘UAE’ in respect of Hospital Cash Benefit and Involuntary Loss of Employment Cover.

• In the event of Involuntary Loss of Employment Benefits being provided to the Cardmember, the Cardmember shall notify the Company immediately upon Re-employment but not later than thirty (30) days from the date of Re- employment.

• In the event of Involuntary Loss of Employment benefits being provided to the Card Member, the Card Member shall notify the Company immediately upon Re-employment but not later than thirty (30) days from the date of Re-employment.

• Date of Event: Means the following: In respect of Involuntary Loss of Employment, the date of Notice of Termination given to the Scheme Member, happening after the Policy Commencement Date, or Normal Date of Inclusion, whichever is later, and during the Policy Year.

• In respect of Involuntary Loss of Employment, the date of notice of termination served to the Covered Person on or after the Commencement Date and during the Cover Period.