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Policy Term definition

Policy Term means the term of this Policy as specified in the Schedule;
Policy Term means the period between the Policy Commencement Date and the Maturity Date, as specified in the Schedule.
Policy Term means the term of the Policy as stated in the Policy Schedule;

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.


More Definitions of Policy Term

Policy Term means the period specified in the Schedule which is the number of years from the Policy Commencement Date to the Maturity Date.
Policy Term means the entire term of the policy as specified in the Schedule
Policy Term means the period between the Policy Commencement Date and the Maturity Date.
Policy Term means the term of this Policy as specified in the Schedule during which the Policy coverage continues;
Policy Term. Means the period mentioned in the Schedule, it is the period during which the Life Insured is covered, subject to the Policy being in force at the time of the death of Life Insured.
Policy Term means a period for which this Master Policy shall continue unless terminated by the Master Policyholder.
Policy Term means the term of this Policy as specified in the Schedule which is 100 (One Hundred) years less entry Age of the Life Insured, at the Effective Date;