Policy Benefit definition

Policy Benefit means one or more sums of money, services or other benefits, including an annuity, but excluding a loan in respect of a policy or consideration upon the surrender of a policy;
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Policy Benefit means, with respect to a Life Insurance Policy, the amount to be paid by the writing Insurance Company upon the mortality of the Insured.
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Policy Benefit means and includes the benefits payable as mentioned in Part C.
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Examples of Policy Benefit in a sentence

  • All Contribution and Policy Benefit payments in terms of the Policy shall be made in the Republic of South Africa in South African Rand.

  • The Beneficiary will receive the Policy Benefit on the death of the Policyholder.

  • The Town of Needham Education Reimbursement Policy (Benefit Administration #501) dated July 1, 2018 and as from time to time amended is hereby incorporated by reference.

  • Health Insurance Plan and Extended Health Care Pian Employee Policy Benefit Plan Approved Term Absence Mid-Term three weeks per Company Policy.

  • We have provided guidance on Insurance, Public Assistance/Hazard Mitigation Policy, Benefit Cost Analysis for Pre-Disaster Mitigation, HMGP, Flood Mitigation, CDBG-DR, 406 and 428 mitigation projects, including Eligibility assessments and Estimating services.

  • Section One The most we will pay under Part A of this policy is the sum insured specified in the schedule, plus any amount payable under any Policy Benefit under Part A which is stated to be in addition to the sum insured.

  • Thereafter, provided any claim event has not occurred as per the Policy Benefit Provisions under this policy, the Effective Sum Assured will increase by 10% of the initial sum assured on each policy anniversary starting from first policy anniversary till the tenth policy anniversary.

  • Notice of a discontinuance or termination is not required except by the terms of any Policy, Benefit Plan or by law.

  • The Town of Xxxxxxx Education Reimbursement Policy (Benefit Administration #501) dated July 1, 2018 and as from time to time amended is hereby incorporated by reference.

  • The Beneficiary will receive the Policy Benefit on the death of the last dying of the Life Assured/s.


More Definitions of Policy Benefit

Policy Benefit means a lump sum or an annuity payable on a certain contingency;
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Policy Benefit. The benefits payable by way of Leave Encashment or Gratuity, as applicable, with respect to a Member for the period of service rendered by him/her with the Employer as per the rules of the Scheme from time to time and is subject to statutory requirements as may be applicable. The Policy Benefit opted under this Group Policy is as shown in the Schedule
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Policy Benefit means the amount we would pay under the Policy upon the death of the Insured. The "Policy Benefit" does not include any amount payable under an Accidental Death Benefit (ADB). Any amount payable under an ADB will not be affected by this rider.
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Related to Policy Benefit

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Normal Retirement Benefit means an annual benefit payment in the amount of Sixty Four Thousand Two Hundred and Fifty Six dollars ($64,256) for a period of Fifteen (15) years.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • superannuation benefit means any payment, other than a refund of contributions, made to a dentist by virtue of the application of the (a) National Health Service Pension Scheme Regulations 1995; or (b) the National Health Service Superannuation Scheme (Scotland) Regulations 1995 or (c) the corresponding provisions of the law in force in Northern Ireland; as a result of his providing general dental services;