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Cashback Funeral Policy Privileges, Conditions and Provisions

Privileges, conditions and provisions | Cash Back Benefits | Payment of Death Benefits | Revocable Beneficiary | Accident Benefit | Parent Benefit | Spouse Benefit | Extended Family Benefit | Children’s Benefit

Word Description

  1. Applicant
  2. The owner of the policy.

  3. Life (lives) Insured
  4. People who are covered under the policy and whose names appear on the policy contract.

  5. Sum Insured
  6. The amount payable by AVBOB when death occurs.

  7. Premium
  8. The amount payable by the Insured to procure the payment of the sum insured when the happening against which is insured, occurs. This amount is payable monthly in advance.

  9. Insurer
  10. The party (In this case AVBOB ) who bears the risk for payment of the beneft to another party when the named happening occurs.

  11. Premium Payer
  12. The person who undertakes to pay the premiums per debit order/stop order/cash.

  13. J18
  14. The premium payer, applicant and the Insured Life is the same person.

  15. J19
  16. The premium payer and applicant are the same person but differ from the Insured Life.
Privileges, Conditions and Provisions >>
Cash Back Benefit >>
Accident Benefit >>
Parent Benefit (if applicable) >>
Spouse Benefit >>
Extended Family Benefit >>
Children’s Benefit >>

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