Scheme Member definition
Examples of Scheme Member in a sentence
Such Benefit shall be the amount requested by the Policyholder in favour of the deceased Scheme Member subject to a maximum of the Policy Account Value or Assured Benefit.
No individual Takaful Benefit shall be payable under this Policy for any Scheme Member from the effective date of termination / cancellation of the Policy.
Upon happening of an event giving rise to a claim under this policy, the Cardholder/Cardholder’s Representatives/Insured shall follow the following procedure: If the Involuntary Loss of Employment claim is accepted the Scheme Member shall report in person to the Company’s Head Office each month as a pre- condition of future to confirm whilst the Monthly Benefit in respect of the Involuntary Loss of Employment.
In case the Scheme Member is not eligible for the next Monthly Benefit, the Company will advise the Scheme Member accordingly.
Takaful Benefit that shall be equal to last declared Investment Amount of their Ghina Savings Account, subject to a maximum Takaful Benefit on any listed Scheme Member of AED 500,000/- (UAE Dirhams Five Hundred Thousands Only) to the Beneficiary of the deceased Scheme Member.