In this case, the benefits stand reduced to a paid-up value which will be paid out either on the death of the life insured or on the maturity of the policy or on the surrender of the policy, whichever is earlier. Hospital Cash Rider allows payment of a fixed benefit for each day of hospitalization and also provides lump sum benefit in case of surgery.
It offers the convenience of a replacement car axa business plan policy wordings your vehicle is under repair for a valid claim.
In case of theft, if the vehicle is recovered earlier then our liability to pay under this cover ends on the day police authority informs you to take delivery of the vehicle plus 2 days subject to maximum 15 days.
Reinstatement Flexibility to reinstate all the benefits under the policy within two years if your policy has lapsed or is in paid-up status after the due date of the premium. Interested to find out more about our customized solutions for your business?
At the end of the reinstatement period if the policy is not reinstated then the policy will be terminated and no benefits will be payable. Typically, only those who are otherwise uninsurable take advantage of this conversion option.
Your valuable assets are exposed daily to operational risks and comprehensive insurance is vital. Under this, we provide wide range of services for your help within the covered geographical territory.
Machinery Breakdown and Consequential Loss Plant and machinery represent a large amount of invested capital. You may have the option of converting your group coverage to an individual policy if you leave your employer. In case, you do not pay the premiums within your grace period, your policy will be converted into paid up.
The covered costs include the labor cost for replacing the lock. When group term insurance is provided through your employer, the employer usually pays for most and in some cases all of the premiums.
Group term coverage remains in force until your employment is terminated or until the specific term of coverage ends. Group life insurance is often provided as part of a complete employee benefit package. The cost of repair or replacement is not the only issue; when a key item of machinery breaks down it can rapidly have a negative financial impact on your business.
Depreciation Reimbursement offers full claim without any deduction for depreciation, on the value of replaced parts which otherwise have to be borne by you. Cover is available for all vehicle age. As with CAR, third party claims are also covered.Close Business Partner – means a business companion who travels with the Insured Person for the Policy wording in this jacket of the selected plan; and the accidental death benefit under Section 3 will be limited to 50% of the selected plan.
What is group life insurance? Answer: You may have the option of converting your group coverage to an individual policy if you leave your employer. However, most people choose not to do this because these conversion premiums tend to be much higher than premiums for comparable policies available to individuals.
"AXA" is the brand name. Bharti AXA Life Samriddhi plan that enables you to start saving regularly and build a corpus that will help you fulfill your family's aspirations.
For Guaranteed Surrender Value Factors kindly refer to the policy wordings. Add-ons.
which is one of the India's leading business groups with interests in telecom, agricultural business. Here is Your insurance Policy.
Please examine it together with the Schedule, to make sure that You have the protection You need. (Applicable to Policy issued to a business or commercial establishment) The validity of this Policy is subject to the condition precedent that: (a).
Annexure 4 - Policy Wordings 1 of 4 Bharti AXA General Insurance business in India.
c) “Beneficiary” means any person(s) whose crop is (are) insured under “Cropping Plan” is forming part of this policy showing the insurance cover selected by the Insured, the field number or name, the Crop and variety. Our Business Plan Plus insurance package is suitable for manufacturers and wholesalers with a turnover up to £5, AXA Vantage Downloads Business Plan Plus Policy Wording Business Plan Plus Summary of Cover.Download