Examples of Policy Term in a sentence
If the Premium Payment Term is less than the Policy Term, it shall mean Limited Premium payment Policy.
Policy Term means the period commencing on the Policy Date and ending on the Date of Maturity as mentioned in the Policy Schedule.
Currently, the application for the revival should be made within five years from the due date of the first unpaid Premium and before the expiry of the Policy Term.
In case of unfortunate event of death of the Life Insured during the Policy Term, the following benefits will be payable to the Nominee, subject to Policy being in force.
This Policy only applies to covered costs, expenses, and other reimbursable amounts incurred during the Policy Term.