Revival Period definition

Revival Period means the period of five consecutive years from the date of discontinuance of the Policy, during which period the Policyholder is entitled to revive the Policy, which was discontinued due to the non-payment of Premium, in accordance with the terms of Revival of a Policy.

Revival Period means a period of 2 (Two) years from the due date of the first unpaid Premium;

Revival Period means a period of 5 (Five) consecutive years from the due date of the first unpaid Premium, during which period You are entitled to revive the Policy which was discontinued due to the non-payment of Premium;

Examples of Revival Period in a sentence

• All applicable charges as per terms and conditions of the Policy shall be deducted during the Revival Period.

• If there is default in Premium Payment beyond the Grace Period and subject to the Policy not having been surrendered, it may be revived, in accordance with Underwriting Policy within Revival Period but before the Date of Maturity of Policy, subject to: (i) Your written application for revival; (ii) production of Insured’s current health certificate and other evidence of insurability; and (iii) payment of all overdue Premiums with interest.

• Revival of the policy shall be based on Underwriting Policy of the Company.If a lapsed policy is not revived during the revival period, the policy shall be terminated without paying any benefits.However, if a Reduced Paid-Up policy is not revived during the Revival Period, it shall continue in that mode until maturity.

• Reduced Paid-Up Policy, shall continue as Reduced Paid-up Policy unless revived within Revival Period by payment of all due Premiums together with interest as mentioned in Clause 4.4 (“Revival”) of Part D.

• In case due Premiums are not paid before end of the Notice Period, you can apply for revival of the Policy by paying all due and unpaid Premiums, within the Revival Period.

More Definitions of Revival Period

Revival Period means the period of five (5) consecutive complete years from the date of first unpaid Regular Premium, during which period the Policyholder is entitled to revive the Policy, which was discontinued due to the non-payment of Regular Premium.

Revival Period means a period of 2 consecutive years from the first Premium Due Date on which the Instalment Premium was unpaid during which a lapsed Policy or a Reduced Paid-up Policy may be revived in accordance with the terms of Part D of this Policy.

Revival Period means a period of 2 (Two) years from the Date of Discontinuance;

Revival Period means the period of five consecutive complete years from the date of first unpaid premium.

Revival Period means the period of five consecutive years from the date of first unpaid Installment Premium, during which period the Policyholder is entitled to revive the Policy which was discontinued due to the non-payment of such Installment Premium .

Revival Period means a period of five (5) consecutive years from the due date of first unpaid Regular Premium, during which the Policyholder is entitled to revive the Policy which was lapsed due to non-payment of Regular Premium.

Revival Period means a period of 2 years from the first unpaid installment of Premium