Product Circular. Bajaj Allianz Group Term Life A Traditional Group Term Insurance Plan
|
|
- Muriel Adams
- 8 years ago
- Views:
Transcription
1 Prduct Circular A Traditinal Grup Term Insurance Plan UIN: 116N021V03 Nn-Linked, Nn-Participating, Yearly Renewable Grup Term Insurance Plan FOR INTERNAL CIRCULATION ONLY Department: Prduct Develpment Launch Date: 26/ 04/ 2004 Mdificatin Date: 11/ 08/ 2015 Versin: 8 This dcument is meant fr internal circulatin and is nt a sales literature/material which can be used fr the purpses f slicitatin.
2 TABLE OF CONTENTS 1. PURPOSE AND SCOPE PRODUCT TYPE POLICY CONTRACT GROUPS JOINT LIFE AVAILABILITY PLAN WORKING ELIGIBILITY AND LIMITS MATURITY BENEFIT DEATH BENEFIT SURRENDER ADDITIONAL RIDER BENEFIT OPTION TO CHOOSE PREMIUM PAYMENT FREQUENCY POLICY LOAN FREE COVER LIMIT PROFIT SHARING REBATE REMUNERATION/ FEE JOINT LIFE DISCOUNT NON-PAYMENT OF PREMIUMS GRACE PERIOD REVIVAL TERMINATION OF THE POLICY TAX BENEFITS SUICIDE CLAIM PROVISIONS FREE LOOK PERIOD NEW ENTRANTS AND LEAVERS NOMINATION NON-DISCLOSURE & FRAUD DEFINITIONS
3 1. PURPOSE AND SCOPE is a grup term insurance plan that gives members the cmplete reassurance f a lasting financial security and peace f mind. 2. PRODUCT TYPE is intended t prvide death cver t members f all Emplyer Emplyee grups and als, Nn Emplyer Emplyee grups. The benefits under this plan are payable t the nminee. The individual members will have the facility f nminating the persn t whm the plicy prceeds will be paid by the Cmpany. 3. POLICY CONTRACT The basis f the cntract will be the Prpsal Frm alng with membership data filled by the Prpser. The plicy dcument/certificate f insurance will be the evidence f the cntract. 4. GROUPS This plan cvers members f Emplyer Emplyee grups and Nn Emplyer Emplyee grups. 5. JOINT LIFE AVAILABILITY Jint life is available fr spuse nly. 6. PLAN WORKING This Grup Scheme prvides basic life insurance prtectin t the members. All members f the scheme will be cvered under a single plicy that will be issued t the Master Plicyhlder. The sum assured fr each individual member shall be as prpsed by the plicyhlder having reference t sme justifiable factr and as agreed by the Cmpany. The cverage selected may be: Unifrm cver: same fr all members f the grup Graded cver: n the basis f Rank Salary levels Cst t cmpany Outstanding lan Liability amunt Size f bank depsit Future Service Gratuity f Gratuity Scheme Life Cver in lieu f Emplyee Depsit Linked Insurance (EDLI) scheme, 1976 # Any ther means #All emplyees t whm the Emplyee s Prvident Fund and Miscellaneus Prvisin Act,1952 applies, have a Statutry liability t subscribe t Emplyee s Depsit Linked Insurance Scheme, 1976 t prvide fr the benefit f Life insurance t all their emplyees The member will have the ptin t chse the disbursement f death benefit as lump sum r partly as lump sum and the remaining spread ver the chsen perid paid in equal instalments. On death f the member the sum assured shall be paid as per the chsen ptin. Under jint life cver, self and spuse will be cvered and the death benefit will be paid in case f first death f either f the members. 2
4 The scheme may be eligible fr prfit sharing based n experience rating, minimum number f life years cvered under the plicy and quted premium, if the plicyhlder has pted s in the plicy, in the frm f a reductin in subsequent year s renewal premium. The scheme can be cntributry r nn-cntributry, i.e., members and/r emplyer shall cntribute t the premium payable with respect t the members & spuses. In case the member pays the premium, the member cver shall be prvided fr ne year frm the date f cmmencement f risk f the member else the premium shall be charged prprtinately frm the date f cmmencement f risk f the member up t the next plicy anniversary. This is a ne-year renewable cntract and at the time f cntract renewal, the insurer may renew r decline t renew the cntract in accrdance with Bard apprved underwriting nrms. The premium and ther terms and cnditins will be reviewable yearly. Jint Life will be allwed nly fr spuse. 7. ELIGIBILITY AND LIMITS Parameter Minimum Age at Entry Maximum Age at Entry Maximum Age at Maturity Plicy Term Premium Minimum Sum Assured Maximum Sum Assured Minimum Grup Size Details Attained age f 14 years fr bth Emplyer Emplyee grups (EE) & Nn Emplyer Emplyee grups (NEE) In case f jint life, the yunger life shuld have attained the minimum entry age In case f Grup Term Life in lieu f EDLI, member will be cvered as lng as he/ she is the member f Prvident Fund Attained age f 79 years fr EE (prvided member is in active service n date f entry) and attained age f 69 years fr NEE In case f jint life, the lder life s entry age shuld nt exceed the maximum entry age In case f Grup Term Life in lieu f EDLI, member will be cvered as lng as he/she is the member f Prvident Fund Attained age f 80 years fr EE and attained age f 70 years fr NEE In case f jint life, the lder life s age shuld nt exceed the maximum maturity age One Year Renewable Grup Term Assurance As per chsen Sum Assured Rs. 1,000 per member N limit, subject t underwriting 10 members fr EE grup 50 members fr NEE grup 8. MATURITY BENEFIT There is n maturity benefit under this plan. 9. DEATH BENEFIT The members can pt frm the tw available ptins t receive the death benefit. The ptin has t be chsen by the members at inceptin r at any membership anniversary. In case n ptin is chsen, the default ptin will be Optin I. Optin I On death f the member In case f jint life n first death f either f the member Sum Assured as lump-sum will be paid 3
5 Optin II On death f the member In case f jint life n first death f either f the member X% f Sum Assured as lump-sum will be paid The balance amunt, i.e., (1-X%) f Sum Assured, will be paid in equal installments in arrears, spread ver the installment perid chsen by members, subject t a maximum f 10 years, where, X shuld at least be 10 Installment amunt = [(1 X%) * Sum Assured/ Installment Perid] * Installment Factr Installment Perid (in years) Installment Factr The installment factrs will be reviewed frm time t time, subject t the apprval f IRDAI. The installment amunt fr frequencies ther than annual is given by the annual installment multiplied with the frequency factr. The factrs are: Installment frequency Mnthly Quarterly Half yearly Frequency factr Under Optin II, the mde f installment payment, the term f installment payment and the amunt f lumpsum payment can be decided by the member at inceptin r at any membership anniversary. 10. SURRENDER There is n surrender benefit under this plan. 11. ADDITIONAL RIDER BENEFIT The plicyhlder can pt fr extra cverage by chsing the ptinal additinal rider benefits at a nminal extra cst. The riders available with are: 1. Bajaj Allianz Grup Accidental Death Benefit Rider UIN: 116B005V03 2. Bajaj Allianz Grup Accidental Permanent Ttal/ Partial Disability Benefit Rider: UIN: 116B010V02 3. Bajaj Allianz Grup Accelerated Critical Illness Benefit Rider UIN: 116B026V02 Refer t respective rider sales literature r visit Cmpany website fr mre details and eligibility cnditins. 12. OPTION TO CHOOSE PREMIUM PAYMENT FREQUENCY The premium may be paid in yearly, half yearly, quarterly r mnthly frequency. The premium fr frequencies ther than annual is arrived at by multiplying the annual premium with the frequency factrs, given belw: Premium Payment Frequency Mnthly Quarterly Half yearly Frequency Factr POLICY LOAN There is n plicy lan under this plan. 14. FREE COVER LIMIT Eligible members in EE grup insurance scheme will be accepted up t the Free Cver Limit as given in the table belw, abve which the acceptance will be subject t prevailing apprved underwriting guidelines. 4
6 Number f Lives Free Cver Limit Up t x Average Sum Assured, max Rs. 10,00, x Average Sum Assured, max Rs. 20,00, x Average Sum Assured, max Rs. 30,00, x Average Sum Assured, max Rs. 35,00, x Average Sum Assured, max Rs. 40,00, x Average Sum Assured, max Rs. 45,00,000 Over x Average Sum Assured, max Rs. 50,00,000 Average Sum Assured is equal t the ttal sum assured fr the grup divided by the number f members cvered. Fr NEE grup schemes, the nn-medical limit will be as per the prevailing apprved underwriting nrms f the Cmpany. 15. PROFIT SHARING The plicyhlder will have the ptin f sharing in the mrtality prfits (prfit sharing) based n the experience rating, subject t the fllwing cnditins: i) Under a Grup Master Plicy, the cmputatin f Prfit Share will be dne n cmpletin f minimum ii) iii) iv) life years f The prfit sharing fr the grup will be applied in reducing the premium payable n the next renewal date. If the premium in part/ whle is paid by the members then the reductin will be shared by the plicyhlder & members in the same prprtin. In case f lsses, the same will be carried frward and will be adjusted in subsequent years prfits. Mrtality assumptin fr the purpse f prfit sharing shall nt be lwer than 60% f the adjusted Indian Assured Lives Mrtality ( ) Ult. v) The frmula t arrive at the Prfit Share f the grup is: Prfit Share = (P) * [(Premium Expenses Cmmissin) Actual Claims (AC)], where, P = Percentage f prfit sharing, where, P <= 75%, if number f life years cvered is less than 1 lac where, 75%< P <= 90%, if number f life years cvered is greater than r equal t 1 lac Premium = Ttal premium cllected excluding any extra premium and/r rider premium less Reinsurance premium paid. AC = Actual Claims during the perid Actual Claims = (Claims intimated + Prvisin fr IBNR at end Prvisin fr IBNR at beginning Reinsurance Claim refunds). Prfit sharing will be applicable nly where the quted premium is at r abve 60% mrtality. The discunts/ladings, if any, shall nt exceed 30% f the premium rates. 16. REBATE Rebate n premium rates will be applicable if cap f Rs. 50,000 n cmmissin payable becmes applicable fr a grup scheme. 5
7 In case f excess cmmissin cllected where the ttal cmmissin at 2% exceeds Rs. 50,000, the belw discunt table will be used. Ttal Premium inclusive f premium under the base plicy Discunt as % f Ttal Premium Rs. 25,00,001-30,00, % Rs. 30,00,001 40,00, % Rs. 40,00,001 50,00, % Rs. 50,00,001 75,00, % Rs. 75,00,001 1,00,00, % Rs. 1,00,00,001 3,00,00, % Rs. 3,00,00,001 5,00,00, % > Rs. 5,00,00, % In case f Direct Marketing where cmmissin is nt paid, the difference will be passed t the plicyhlder as a rebate t the premium calculated. The rebate will be P * 2% where P is the calculated premium. 17. REMUNERATION/ FEE The grup plicyhlder may be eligible fr remuneratin/fee as given belw: a) Data Management: Rs. 15 per member per annum b) Premium Cllectin: Rs. 10 per member per annum c) Issuance and Delivery f certificate f Insurance: Rs. 10 per member subject t a minimum f Rs. 500 d) Claims settlement: Rs. 10 per claim 18. JOINT LIFE DISCOUNT Jint life premium rates (fr lives aged x and y) will be 90% f the sum f the individual premium rates fr lives aged x and y. 19. NON-PAYMENT OF PREMIUMS In case f nn-payment f due premiums in respect f the member (including jint life cver, if pted) under the plicy befre the expiry f the grace perid, the life insurance cver n the life f the member (including jint life cver, if pted) shall cease effective frm the due date f first unpaid premium. The life insurance cver during the grace perid shall be prvided nly if the plicy is renewed befre the expiry f the grace perid. In case death ccurs in such a situatin during the grace perid, the sum assured shall be paid, subject t deductin f due but unpaid premium/s. 20. GRACE PERIOD If the plicyhlder has failed t make payment f the premium by the due date specified, a grace perid f 30 days fr premium payment frequencies ther than mnthly and 15 days fr mnthly frequency is allwed. If the death f the member ccurs during the grace perid, the death benefit payable under the plicy shall be Sum Assured after deductin f the due unpaid premiums. 21. REVIVAL The plicy may be renewed n cmpletin f ne year n the Annual Renewal Date. The renewed premium rates and the terms may r may nt be different frm that in the previus year. Membership under a NEE scheme can be renewed subject t renewal f plicy. 6
8 If premium payment frequency is ther than yearly, n nn-payment f premium/s due within the grace perid, the plicy/ membership can be revived within the ne-year term f the plicy/ membership by: paying all the premiums due submitting all the dcuments & infrmatin required by the Cmpany The plicy/ membership may be revived at the riginal/revised term & cnditins as specified by the Cmpany. 22. TERMINATION OF THE POLICY The life insurance cver including additinal rider benefit cver if any, fr a member will terminate n ccurrence f any ne f the fllwing: a) n the date f terminatin f plicy by the plicyhlder b) at the end f the grace perid, r n nn-payment f premium fr the member befre the expiry f the grace perid during the plicy term c) the date n which the primary member r, in case f jint life cver, the first f primary member and the spuse cmpletes the age f 70 years fr NEE Scheme Or NRA (Nrmal Retirement Age), as applicable and 80 years fr EE scheme d) n death f the primary member r, in case f jint life cver, n first death f the primary member and the spuse, after the death benefit is paid e) n payment f critical illness benefit, if pted by the member (including jint life cver, if pted) under Bajaj Allianz Grup Accelerated Critical Illness Rider Benefit (UIN 116B026V02) if pted. 23. TAX BENEFITS As per applicable tax laws. 24. SUICIDE CLAIM PROVISIONS Under the NEE scheme where membership is nt cmpulsry fr all the members f the grup, then, in case a member (including jint life cver, if pted) cmmits suicide within ne year frm the date f entry/cmmencement f membership, the cntract f insurance with the member (including jint life cver, if pted) shall be terminated by paying 80% f the premium paid with respect t that member (including jint life cver, if pted) as n the date f death. Such exclusin is nt applicable fr all EE schemes and fr NEE schemes where membership under the plicy is cmpulsry fr all. The validity f the cntract f insurance shall be determined in accrdance with actual date f death and nt date f intimatin f death. 25. FREE LOOK PERIOD Within 15 days [30 days in case the plicy is issued under the prvisins f IRDAI Guidelines n Distance Marketing f Insurance Prducts**] frm the date f receipt f the plicy, the plicyhlder has the ptin t review the terms and cnditins f the plicy and if the plicyhlder disagrees t any f the terms & cnditins, he has an ptin t return the plicy stating the reasns fr his bjectins. The plicyhlder shall be entitled t a refund f the cntributin paid, subject t deductin f the stamp duty expenses, the prprtinate premium, if any, fr the perid the members where n cver, the expenses incurred n medical expenses, if any. **Distance marketing is dne thrugh website and tele calling. 7
9 26. NEW ENTRANTS AND LEAVERS At the cmmencement, and thereafter n each annual renewal date, the plicyhlder will have t send all the members data t the respective unit f Bajaj Allianz Life Insurance Cmpany. New Member additins frm a well-defined date shall be in accrdance with the prcess as mentined in the scheme rules and agreed t by the Cmpany. All new eligible members are t be cmpulsrily cvered, if they meet the eligibility criteria. If any member enters the scheme between tw annual renewal dates, the particulars f the same shuld be submitted n a mnthly basis alng with the prprtinate premium fr the balance part f the plicy year. If any member leaves the scheme between tw annual renewal dates, the particulars f the same shuld be submitted n a mnthly basis. The membership register as per the annexure t prpsal frm has t be updated by the plicyhlder fr all additins and deletins and intimated t the Cmpany. The updated data thrugh CD r mail fr updating in the Cmpany s recrds. 27. NOMINATION Nminatin shuld be in accrdance with prvisins f sectin 39 f the Insurance Act 1938 as amended frm time t time. 28. NON-DISCLOSURE & FRAUD Fraud, Misrepresentatin and frfeiture wuld be dealt with in accrdance with prvisins f sectin 45 f the Insurance Act 1938 as amended frm time t time. 29. DEFINITIONS Annual Renewal Date: The date crrespnding numerically with the plicy cmmencement date each subsequent year. Certificate f Insurance: This is the certificate issued by the Cmpany n the basis f the details mentined in the member s enrlment frm t each Member as an evidence f acceptance f risk n the life f the member under the plicy. Member: means the primary member and the spuse f the primary member (in case f jint life cver) whse name/s has been recrded in the Membership Register as a member frm a well-defined date, i.e. the entry date after due apprval frm the Cmpany and n whse life the life insurance cver under this plicy has been effected. Plicyhlder: the persn r entity wh has entered int a cntract with the Cmpany. Sum Assured: the amunt as recrded in the Membership Register and as mentined in the Certificate f Insurance, representing the amunt f the Life Insurance Cver prvided t the Member/s and based n which the Premium is calculated. 8
Sales Literature Reliance Term Life Insurance Benefit Rider A Non-Linked, Non-Participating, Protection Rider
A Nn-Linked, Nn-Participating, Prtectin Rider With the changes in ur life-stage i.e. marriage, birth f a child r a jb prmtin, ur life insurance needs als change. Thus there is a need t be adequately insured
More informationBajaj Allianz Group Term Life. Bajaj Allianz Group Term Life. Bajaj Allianz Life Insurance Co. Ltd. A Traditional Group Term Insurance Plan
Bajaj Allianz A Traditional Group Term Insurance Plan Bajaj Allianz Life Insurance Co. Ltd. Bajaj Allianz Giving your members and their families the heartening reassurance of your care. Giving your members
More informationMax Life Group Super Life Plus A Group Term Life Insurance Plan UIN: 104N073V01
LIFE INSURANCE COVERAGE IS AVAILABLE IN THIS PRODUCT Abut Max Life Max Life Insurance, ne f the leading private life insurers, is a jint venture between Max India Ltd. and Mitsui Sumitm Insurance C. Ltd.
More informationRIVERSIDE TRANSIT AGENCY FULL-TIME ATU EMPLOYEES NEW HIRE ENROLLMENT OVERVIEW 2015
RIVERSIDE TRANSIT AGENCY FULL-TIME ATU EMPLOYEES NEW HIRE ENROLLMENT OVERVIEW 2015 Riverside Transit Agency (RTA) is extremely prud f the package f benefits available t yu. The benefits package prvided
More informationMax Life Online Term Plan
A Nn-Participating, Nn-Linked, Pure Term Insurance Plan LIFE INSURANCE COVERAGE IS AVAILABLE IN THIS PRODUCT THIS PLAN IS A PURE TERM PLAN THAT PROVIDES ONLY DEATH BENEFIT AND NO MATURITY BENEFIT. Abut
More informationMax Life Online Term Plan
A Nn-Participating, Nn-Linked, Pure Term Insurance Plan LIFE INSURANCE COVERAGE IS AVAILABLE IN THIS PRODUCT THIS PLAN IS A PURE TERM PLAN THAT PROVIDES ONLY DEATH BENEFIT AND NO MATURITY BENEFIT. Abut
More informationNotice of Protection Provided by Utah Life and Health Insurance Guaranty Association
Ntice f Prtectin Prvided by Utah Life and Health Insurance Guaranty Assciatin This ntice prvides a brief summary f the Utah Life and Health Insurance Guaranty Assciatin ("the Assciatin") and the prtectin
More informationIN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.
Life Invest TM Plan UIN 104L031V01 IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Life Invest is a pwerful insurance plan that empwers yu t manage yur investments
More informationSINGLE PUBLIC SERVICE PENSION SCHEME GENERAL OUTLINE OF STANDARD TERMS
SINGLE PUBLIC SERVICE PENSION SCHEME GENERAL OUTLINE OF STANDARD TERMS January 2013 This is a summary guide t the Single Public Service Pensin Scheme and shuld be read alngside r in cnjunctin with the
More informationLife Maker Pension Plan
COVER PAGE Life Maker Pensin Plan IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. A pensin plan that helps yu plan yur secnd innings. INSIDE PAGES The Life Maker
More informationChapter 12: Life Insurance Contractual Provisions
Clquitt/Rejda McNamara Chapter 12 Chapter 12: Life Insurance Cntractual Prvisins Life Insurance Cntractual Prvisins Under the, the plicy wner pssesses all cntractual rights in the plicy while the insured
More informationES PROCEDURES FOR OVERPAYMENT RECOVERY
ES PROCEDURES FOR OVERPAYMENT RECOVERY Effective: 7/1/2012 Respnsible Office: Emplyee Services (ES) Apprved: ES Directr Applicatin: All Emplyees f the University f Clrad Plicy The University f Clrad will
More informationSales Literature Reliance Group Term Assurance Plus
A nn-linked, nn-participating, grup term insurance plan Yur effrts have been always t ensure best f the facilities t yur grup members with an intrinsic thught t take care f them alng with their families.
More informationEXTENDED BENEFITS FOR TOTAL DISABILITY
ADMINISTRATIVE POLICY EXTENDED BENEFITS FOR TOTAL DISABILITY Plicy Number: ADMINISTRATIVE 49.8 T2 Effective Date: January, 205 Table f Cntents APPLICABLE LINES OF BUSINESS/PRODUCTS PURPOSE... DEFINITIONS...
More informationINCOME TAX INSURANCE PERSONAL SICKNESS AND ACCIDENT INSURANCE TAKEN OUT BY EMPLOYEE WITH EMPLOYER PAYING THE PREMIUMS ON EMPLOYEE S BEHALF
QUESTION WE VE BEEN ASKED QB 15/09 INCOME TAX INSURANCE PERSONAL SICKNESS AND ACCIDENT INSURANCE TAKEN OUT BY EMPLOYEE WITH EMPLOYER PAYING THE PREMIUMS ON EMPLOYEE S BEHALF All legislative references
More informationFTE is defined as an employee who is employed on average at least 30 hours of service per week.
On March 23, 2010, President Barack Obama signed int law cmprehensive health care refrm legislatin, the Patient Prtectin and Affrdable Care Act (H.R. 3590) passed in the Senate. The Health Care and Educatin
More informationSHARED RISK PLAN FOR CUPE EMPLOYEES OF NEW BRUNSWICK HOSPITALS
SHARED RISK PLAN FOR CUPE EMPLOYEES OF NEW BRUNSWICK HOSPITALS Pensins and Emplyee Benefits Divisin Department f Human Resurces www.gnb.ca/pensins May 2014 Shared Risk Plan fr CUPE Emplyees f New Brunswick
More informationAre Insurance Premiums Deductible?
Are Insurance Premiums Deductible? December 2011 Can I deduct the premiums? That s a questin yu prbably hear when yu re presenting an insurance cncept. Unfrtunately, the answer is generally n insurance
More informationPLANNING FOR QUALITY CARE AND INDEPENDENCE. Why you need to plan for long-term care assistance, and what funding options are available.
PLANNING FOR QUALITY CARE AND INDEPENDENCE Why yu need t plan fr lng-term care assistance, and what funding ptins are available. PLANNING FOR QUALITY CARE AND INDEPENDENCE The value f planning ahead The
More informationEmployee Benefits Liability Policy
Plicy 10/3084 part 3 Emplyee Benefits Liability Plicy Summary Publicatin Date March 2015 Review Date March 2016 Related Legislatin/Applicable Sectin f Legislatin Related Plicies, Prcedures, Guidelines,
More informationSales Literature Reliance Critical Condition (25) Rider. A Non-Linked, Non-Participating, Protection Rider
A Nn-Linked, Nn-Participating, Prtectin Rider Advancement in medical science and facilities has dramatically imprved quality f life and its expectancy. Despite this, we are still vulnerable t many pssible
More informationSpecial Tax Notice Regarding 403(b) (TSA) Distributions
Special Tax Ntice Regarding 403(b) (TSA) Distributins P.O. Bx 7893 Madisn, WI 53707-7893 1-800-279-4030 Fax: (608) 237-2529 The IRS requires us t prvide yu with a cpy f the Explanatin f Direct Rllver,
More informationINSURANCE COMPANIES. Purushottam Nyati February 21, 2015
MAJOR ISSUES IN AUDIT OF LIFE INSURANCE COMPANIES Purushttam Nyati February 21, 2015 PRESENTATION PATH Unique features f Life Insurance Cmpanies Significant Audit Areas/Financial Statement Areas Key cnsideratin
More informationUBC Restricted Faculty Second Mortgage Loan Program Description of Key Terms
UBC Restricted Faculty Secnd Mrtgage Lan Prgram Descriptin f Key Terms Updated February 4, 2014 The Restricted Resale Capped Appreciatin Prgram is ne f tw ptins in UBC s Hme Ownership Prgram intended t
More informationMax Life Group Total and Permanent Disability (Accident) Premier Rider A Non Linked Non Participating Group Rider UIN: 104B030V01
Max Life Grup Ttal and Permanent Disability (Accident) Premier Rider A Nn Linked Nn Participating Grup Rider UIN: 104B030V01 Abut Max Life Insurance Max Life Insurance, the leading nn-bank prmted private
More informationPROPOSAL SUMMARY. The Boeing Company
PROPOSAL SUMMARY The Being Cmpany Emplyees Represented by Sciety f Prfessinal Engineering Emplyees in Aerspace (SPEEA), Prfessinal and Technical Units January 8, 2016 ACTIVE MEDICAL, DENTAL, AND INSURANCE
More informationHOW YOUR PREMIUMS ARE CALCULATED. Commercial Term Loans
Grup Plicy N. 60210 The Cmmercial Lan Insurance Plan is prvided by The Canada Life Assurance Cmpany (Canada Life) under Grup Plicy n. 60210 (the Plicy ) issued t BMO Bank f Mntreal (the Bank ). This Certificate
More informationGroup Term Life Insurance: Table I Straddle Testing and Imputed Income for Dependent Life Insurance
An American Benefits Cnsulting White Paper American Benefits Cnsulting, LLC 99 Park Ave, 25 th Flr New Yrk, NY 10016 212 716-3400 http://www.abcsys.cm Grup Term Life Insurance: Table I Straddle Testing
More informationYOUR NEW SOUTH WALES WORKERS COMPENSATION CLAIM
Gibney & Gunsn LAWYERS New Suth Wales & Victria YOUR NEW SOUTH WALES WORKERS COMPENSATION CLAIM Nt cvered by the scheme Injuries that ccur n the way t r frm wrk (wrkers wh are injured while driving during
More informationNAVIPLAN PREMIUM LEARNING GUIDE. Existing insurance coverage
NAVIPLAN PREMIUM LEARNING GUIDE Existing insurance cverage Cntents Existing insurance cverage 1 Learning bjectives 1 NaviPlan planning stages 1 Client case 2 Enter yur clients existing life, disability,
More informationWhat payments will I need to make during the construction phase? Will the lender advance construction funds prior to the work being completed?
Q&A What is a cnstructin lan? A cnstructin lan prvides the financing fr the cnstructin f yur new hme. Cnstructin lans may be structured as a single r tw-settlement transactin. Cnstructin lans culd include
More informationYear End Tax Planning
www.mvandersn.cm.au Year End Tax Planning 2014/15 Individual Tax Return Checklist Yur Checklist Claims fr deductins ü Receipts fr deductins ü Car claims and lg bks ü Please review the infrmatin belw and
More informationRE: Notice 2015-16 - Excise Tax on High Cost Employer-Sponsored Health Coverage
Richard Stver, FSA, MAAA Principal and Cnsulting Actuary Knwledge Resurce Center May 15, 2015 Submitted electrnically via http://regulatins.gv/ Buck Cnsultants, LLC. 500 Plaza Drive Secaucus, NJ 07096
More informationNAVIPLAN PREMIUM LEARNING GUIDE. Analyze, compare, and present insurance scenarios
NAVIPLAN PREMIUM LEARNING GUIDE Analyze, cmpare, and present insurance scenaris Cntents Analyze, cmpare, and present insurance scenaris 1 Learning bjectives 1 NaviPlan planning stages 1 Client case 2 Analyze
More informationBill Payment Agreement & Disclosures
Bill Payment Agreement & Disclsures Welcme t Online Banking Bill Payment Service. Use f the Bill Payment Service indicates acceptance f terms and cnditins set frth in the Online Banking Agreement & Disclsures
More informationOffsets. receive the full amount of any of the qualifying benefits and allowances for the full year; and
Offsets yu can claim Offsets In additin t claiming allwable deductins, yu may be entitled t claim tax ffsets. Tax ffsets (smetimes referred t as rebates) directly reduce the amunt f tax payable n yur taxable
More informationProvision Senate HELP Committee Bill (Affordable Health Choices Act) House Tri-Committee Bill, H.R. 3200 Individual Mandate
August 7, 2009 Cmparisn f the Cverage Prvisins in the Affrdable Health Chices Act as Apprved by the Senate HELP Cmmittee and the Huse Tri-Cmmittee Bill, H.R. 3200, America s Affrdable Health Chices Act
More informationInvest Assure. Invest Assure. Bajaj Allianz. A Non-Linked Endowment Plan. Plan that keeps future safe without ifs and buts
Bajaj Allianz Invest Assure A Non-Linked Endowment Plan Plan that keeps future safe without ifs and buts Assuring protection with financial benefits! It takes only a moment to make promises and a lifetime
More informationAPPENDIX 1C Benefit Information for WITC Management 2014-2015
U Benefit Infrmatin fr WITC Management 2014-2015 ELIGIBILITY Full Time 1,560 t 1,950 hurs per year Part Time 1,000 t 1,559 hurs (benefits with an * apply and/r are prrated) GROUP MEDICAL INSURANCE Tw medical
More informationImproved ADP and ACP Safe Harbor Plan Designs
Imprtant Infrmatin Plan Administratin and Operatin April 2000* Imprved ADP and ACP Safe Harbr Plan Designs WHO'S AFFECTED This infrmatin applies t defined cntributin plans with a 401(k) feature r emplyer
More informationHealth Care Reform Patient Protection Affordable Care Act (PPACA) Overview Key Principles
Health Care Refrm Patient Prtectin Affrdable Care Act (PPACA) Overview Key Principles DESCRIPTION: Healthcare Refrm/Patient Prtectin & Affrdable Care Act (PPACA) were passed int law March 23. 2010. Hwever,
More informationHigh Deductible Health Plan/ Health Savings Account Presentation
High Deductible Health Plan/ Health Savings Accunt Presentatin WHY CHANGE? Future plan structured s emplyees will think and act differently Prmte preventin and getting healthier Prmtes cnsumerism Current
More informationWe will record and prepare documents based off the information presented
Dear Client: We appreciate the pprtunity f wrking with yu regarding yur Payrll needs. T ensure a cmplete understanding between us, we are setting frth the pertinent infrmatin abut the services that we
More informationTravel Insurance. Is your insurance company listening to you? Handbook on
Is yur insurance cmpany listening t yu? If yur cmplaints have nt been addressed by yur insurance cmpany, please cntact t register yur cmplaints and track their status r yu may email us at cmplaints@irda.gv.in
More informationCORPORATE CREDIT CARD POLICY
TITLE: POLICY OWNERS: DATE INSTITUTED: May 1, 2008 CURRENT VERSION: Ver. 1.6 REVISION DATE: July 1, 2015 Crprate Credit Card Plicy Melissa Cluse, Vice President & Cntrller Cindy Klein, Accunts Payable
More information2016 INTERNATIONAL REGISTRATION & APPLICATION FOR ADMISSION
2016 INTERNATIONAL REGISTRATION & APPLICATION FOR ADMISSION NOTE TO APPLICANTS: THIS FORM MUST BE COMPLETED IN FULL. INCOMPLETE APPLICATIONS WILL NOT BE CONSIDERED PLEASE PLACE A CHECKMARK TO INDICATE
More informationWhat Does Specialty Own Occupation Really Mean?
What Des Specialty Own Occupatin Really Mean? Plicy definitins are cnfusing, nt nly t cnsumers but als t many f the insurance prfessinals wh sell them. Belw we will try t prvide an understandable explanatin
More informationRetirement Planning Options Annuities
Retirement Planning Optins Annuities Everyne wants a glden retirement. But saving fr retirement is n easy task. The baby bmer generatin is graying. Mre and mre peple are appraching retirement age. With
More informationRequest for Taxable Conversion to WEAC Roth IRA
P.O. Bx 7893 Madisn, WI 53707-7893 Phne: 1-800-279-4030 Fax: (608) 237-2529 Prducer cde: Request fr Taxable Cnversin t WEAC Rth IRA If yu are cnverting frm mre than ne cmpany, please cmplete a separate
More informationHearing Loss Regulations Vendor information pack
Hearing Lss Regulatins Vendr infrmatin pack Nvember 2010 Implementing the Accident Cmpensatin (Apprtining Entitlements fr Hearing Lss) Regulatins 2010 The Minister fr ACC, the Hn. Dr Nick Smith, has annunced
More informationMONTHLY PREMIUM OPTIONS
GROUP FUNERAL SCHEME BROKERS FSP35033 TEL: (021) 919 1861 VOX: 087 808 3007 FAX: (021) 9195072 / 086 628 0359 Email: inf@insurancepartners.c.za Web: www.insurancepartners.c.za Up t R20000 fr all persns
More informationRQ10.06 AACo Share Trading Policy
Australian Agricultural Cmpany Limited ACN 010 892 270 RQ10.06 AAC Share Trading Plicy Versin 5 This plicy was apprved by the Bard f Australian Agricultural Cmpany Limited n 15 December 2010. This plicy
More informationDelaware State Housing Authority. Delaware First-Time Homebuyer Tax Credit
Delaware State Husing Authrity Delaware First-Time Hmebuyer Tax Credit The Delaware First-Time Hmebuyer Tax Credit Team Delaware State Husing Authrity (DSHA) has partnered with Hilltp Securities, Inc.
More informationFREQUENTLY ASKED QUESTIONS (FAQs)
EMPLOYMENT PRACTICES LIABILITY fr small businesses FREQUENTLY ASKED QUESTIONS (FAQs) What is Emplyment Practices Liability Insurance? Emplyment Practices Liability (EPL) insurance prtects an emplyer frm
More informationDear Flexible Spending Account (FSA) Enrollee:
Dear Flexible Spending Accunt (FSA) Enrllee: Welcme t yur FSA Plan! Yu nw have 24x7 access t all yur FSA needs n the web. T access yur accunt simply lgn t www.fsa4me.cm. Yur user name is yur first initial,
More informationexplaining in an open, transparent and accessible way how the University will treat students who have outstanding debt owed to the University.
University f Stirling Student Payment Plicy 1. Intrductin This dcument sets ut the University s plicy in relatin t the cllectin f student fees and charges payable t the University by current and frmer
More informationFrequently Asked Questions about the Faith A. Fields Nursing Scholarship Loan
ARKANSAS STATE BOARD OF NURSING 1123 S. University Avenue, Suite 800, University Twer Building, Little Rck, AR 72204 Phne: (501) 686-2700 Fax: (501) 686-2714 www.arsbn.rg Frequently Asked Questins abut
More informationU. S. Department of Housing and Urban Development Washington, D.C. 20410-8000. December 20, 2000
U. S. Department f Husing and Urban Develpment Washingtn, D.C. 20410-8000 December 20, 2000 OFFICE OF THE ASSISTANT SECRETARY FOR HOUSING-FEDERAL HOUSING COMMISSIONER MORTGAGEE LETTER 00-46 TO: ALL APPROVED
More informationMax Life Comprehensive Accident Benefit Rider
Max Life Cmprehensive Accident Benefit Rider A Traditinal Nn Linked, Nn Participating Rider Abut Max Life Insurance Max Life Insurance, ne f the leading life insurers, is a jint venture between Max India
More informationNo change to K-3 poverty class size reduction vs 2011-12. No change to National Board Certification Bonuses vs 2011-12.
There is $0 gap impact f the cnference budget vs current budget assumptins unless smene can quantify the admin pain f the K-12 health benefits bill. Belw is the cnference budget summary. Seattle Public
More informationApplication Submission Checklist To Mutual of Omaha For Medicare Supplement Coverage NEW YORK
Mutual f Omaha Insurance Cmpany P.O. Bx 3608 Omaha, Nebraska 68103-3608 Applicatin Submissin Checklist T Mutual f Omaha Fr Medicare Supplement Cverage NEW YORK THIS APPLICATION MUST BE USED TO WRITE MUTUAL
More information7 October 2011. Re: Themed Inspection into Third Party Personal Injury Claims. Dear
7 Octber 2011 Re: Themed Inspectin int Third Party Persnal Injury Claims Dear During 2011 the Central Bank f Ireland ( Central Bank ) undertk a themed inspectin prject in relatin t the prcessing f third
More informationIssuing of qualifications and statement of attainment Policy and Procedures Version: 3.0 Last Modified: 1 March 2015
Issuing f qualificatins and statement f attainment Plicy and Prcedures Versin: 3.0 Last Mdified: 1 March 2015 Purpse ANC issues AQF certificatin dcumentatin nly t a learner whm it has assessed as meeting
More informationCFD AND SPOT FOREX TERMS: DEPOSIT ACCOUNTS
1. Structure 1.1 When we engage in cfd r spt frex trading with yu, we d s n the basis f: - ur General Terms; these terms, i.e. ur CFD and Spt Frex Terms. 1.2 The CFD and Spt Frex Terms deal with matters
More informationWHAT SHOULD I LOOK FOR WHEN I BUY HEALTH INSURANCE?
WHAT SHOULD I LOOK FOR WHEN I BUY HEALTH INSURANCE? The Maine Bureau f Insurance 34 State Huse Statin Augusta, Maine 04333 207-624-8475 r 1-800-300-5000 (in Maine) http://www.maine.gv/pfr/insurance Paul
More informationThe Family Cost Share system is designed so families with the ability to pay will share in the cost of services.
Paying fr Early Childhd Interventin Services What is ECI? Texas Early Childhd Interventin (ECI) prgrams serve families with children birth t 36 mnths with develpmental delays r disabilities. ECI prvides
More informationNEWFIELD CENTRAL SCHOOL HEALTH INSURANCE
Health/Rx & Dental/Visin Benefits Enrllment/Change rm Please Print Please Cmplete ALL Applicable Sectins Emplyee Infrmatin: Emplyee Benefit Office Use Only H/Rx: WC E Dental: WC A Visin: WC D am Indv am
More informationIssue Brief. SBC Distribution Rules for Employer Sponsored Health Plans October 2012. Summary. Which Plans Are Required to Provide the SBC?
Issue Brief SBC Distributin Rules fr Emplyer Spnsred Health Plans Octber 2012 Summary The Affrdable Care Act (ACA) expands ERISA's disclsure requirements by requiring that a summary f benefits and cverage
More informationThe Dodd-Frank ACT lowered Points and Fees Thresholds for Section 32 and Qualified Mortgages.
Whlesale Brker Acknwledgment & Electin Frm Pints and Fees fr Sectin 32 and QM and Lan Originatr Cmpensatin Sectin 32 s new expanded scpe f lans: The CFPB s 2013 HOEPA Rule expands the types f residential
More informationUC Irvine Salary Expense Reduction and Furlough Supplemental FAQs. For Campus, School of Medicine and College of Health Sciences Employees
UC Irvine Salary Expense Reductin and Furlugh Supplemental FAQs Fr Campus, Schl f Medicine and Cllege f Health Sciences Emplyees The UC Office f the President (UCOP) web site is the authritative resurce
More informationMiami University Sprint Class
Miami University Sprint Class Prewrk G t www.beanactuary.cm and read abut the actuarial prfessin. Week 1 Why d we need actuaries? Cmpanies sell prmises nt widgets. Lng-term nature. Tpic 1 Types f Insurance
More informationThe Patient Choice, Affordability, Responsibility, and Empowerment Act
The Patient Chice, Affrdability, Respnsibility, and Empwerment Act January 30, 2014 In January 2014, Senatrs Richard Burr (NC), Tm Cburn (OK), and Orrin Hatch (UT) made public a prpsal the Patient Chice,
More informationMilitary: Exemptions for Texas Veterans (Hazlewood Exemption) FAQs
Military: Exemptins fr Texas Veterans (Hazlewd Exemptin) FAQs What charges are cvered? What charges are nt cvered? Des the Hazlewd Act cver teacher certificatin fees? Des the Hazlewd Act cver credit by
More informationErrors & Omissions Insurance for Title, Escrow Agents and Abstractors. Endorsed by the American Land Title Association
Errrs & Omissins Insurance fr Title, Escrw Agents and Abstractrs Endrsed by the American Land Title Assciatin The Insurance Cmpany: Title Industry Assurance Cmpany, a Risk Retentin Grup TIAC issued its
More informationFiscal Operation of Service Centers
Oregn University System Fiscal Plicy Manual Fiscal Operatin f Service Centers Sectin: Accunting and Financial Reprting Number: 05.713 Title: Fiscal Operatin f Service Centers Index POLICY.100 POLICY STATEMENT.110
More informationSBA 504 Financing. Long Term Asset Financing Made Possible. Glen Heller, Relationship Manager Nancy Sheridan, Specialty Finance Officer
SBA 504 Financing Lng Term Asset Financing Made Pssible Glen Heller, Relatinship Manager Nancy Sheridan, Specialty Finance Officer These prpsals are cntingent upn final Chase Bank review and apprval frm
More informationBECOMING AN EMPLOYER OF CHOICE PRESENTED BY PETA SMUTS CEO SECURITAS FINACIAL GROUP
BECOMING AN EMPLOYER OF CHOICE PRESENTED BY PETA SMUTS CEO SECURITAS FINACIAL GROUP Overview Regulatry envirnment Situatinal Analysis Medical Aid vs Health Insurance Lst Cst Benefit Optin Decisins/Way
More informationRef. RFP 2015/104. Invitation to tender. International Retirement Plan. Project Green Climate Fund. 11 May 2015
Ref. RFP 2015/104 Invitatin t tender Internatinal Retirement Plan Prject Green Climate Fund 11 May 2015 Ref. RFP 2015/104 Table f cntents Sectin Page A. Intrductin... 1 B. Cmpletin f this dcument and timescale...
More informationHow To Tax An Hsa Distributin
Brught t yu by Haylr, Freyer & Cn, Inc. Health Savings Accunts (HSAs) Distributin Rules A Health Savings Accunt (HSA) is a trust r accunt used t pay medical expenses that a high deductible health plan
More informationCLEARANCE REVIEWS FOR STUDENT RESTRICTION ISSUES OTHER THAN ACADEMIC PROGRESS
CLEARANCE REVIEWS FOR STUDENT RESTRICTION ISSUES OTHER THAN ACADEMIC PROGRESS Only the Ministry f Training, Clleges & Universities can cnsider clearance reviews fr mst ther student restrictin issues. These
More informationI\4anila ALL LIFE INSURANCE COMPANIES AND MUTUAL BENEFIT ASSOCIATIONS DOING BUSINESS IN THE PHILIPPINES
Republic f the Philippines Department f Finance INSURANCE COMMISSION l07l United Natins Avenue I\4anila Circular N. 201442-A Date Octber 30,2014 CIRCULAR LETTER TO ALL LIFE INSURANCE COMPANIES AND MUTUAL
More informationIssuing of qualifications and statement of attainment Policy and Procedures Version: 5.0 Last Modified: 12 February 2015
Issuing f qualificatins and statement f attainment Plicy and Prcedures Versin: 5.0 Last Mdified: 12 February 2015 Purpse Duke Cllege issues AQF certificatin dcumentatin nly t a learner whm it has assessed
More informationUNIVERSITY OF WINCHESTER
UNIVERSITY OF WINCHESTER INTRODUCTION DEBT MANAGEMENT POLICY: STUDENTS ACADEMIC YEAR 15/16 This dcument sets ut the plicy f the University in relatin t student debt, alng with the debt management prcedures
More informationNAIC Replacement Requirements For Certain Life Insurance Policies And Annuity Contracts
NAIC Replacement Requirements Fr Certain Life Insurance Plicies And Annuity Cntracts Duties f Prducers If a transactin invlves a replacement, the prducer must leave with the applicant, at the time an applicatin
More informationTransportation Allowance Program
Transprtatin Allwance Prgram Respnsibilities, Prcedures and Guidelines I. INTRODUCTION This manual describes respnsibilities, prcedures and guidelines (including vehicle specificatins and reimbursable
More informationCell Phone & Data Access Policy Frequently Asked Questions
Cell Phne & Data Access Plicy Frequently Asked Questins 1. Wh is eligible fr a technlgy allwance? First and fremst, the technlgy allwance is fr the benefit f the University, rather than fr the cnvenience
More informationThe Ohio Board of Regents Credit When It s Due process identifies students who
Credit When It s Due/ Reverse Transfer FAQ fr students Ohi is participating in a natinal grant initiative, Credit When It s Due, designed t implement reverse-transfer, which is a prcess t award assciate
More informationTitle IV Refund Policy (R2T4)
Title IV Refund Plicy (R2T4) Charter Oak State Cllege s revised Refund Plicy cmplies with the amended 34 CFR Sectin 668.22 f the Higher Educatin Amendment f 1998. This plicy reflects new regulatins that
More informationSpread Bet Terms: Deposit Accounts
Spread Bet Terms: Depsit Accunts 1. Structure 1.1 When we engage in Spread Betting with yu, we d s n the basis f: - ur General Terms; these terms, i.e. ur Spread Terms. 1.2 The Spread Terms deal with matters
More informationFAQs about Registration & Licensing in Dubai
FAQs abut Registratin & Licensing in Dubai Trade Names 1. Is it required t register a trade name in rder t apply fr an initial apprval? N, a trade name may be bked fr ne year renewable perid, against payment
More informationJanuary 2015 *Benefits Highlights for Medical Center Employees
January 2015 *Benefits Highlights fr Medical Center Emplyees Health Insurance Plans A Tricare Supplement plan is ffered t Tricare eligible emplyees: all ther emplyees have t the ptin t enrll in the MUSC
More informationDisclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses
Disclsures abut the Credit Quality f Financing Receivables and the Allwance fr Credit Lsses During July 2010 the FASB issued Accunting Standards Update 2010-20 Disclsures abut the Credit Quality f Financing
More informationING New Creating Life Insurance Plus UIN: 114N071V01
ING New Creating Life Insurance Plus UIN: 114N071V01 TERMS AND CONDITIONS APPLICABLE TO THIS POLICY (ING New Creating Life Insurance Plus) The Terms & Cnditins and the Plicy Schedule are issued based n
More informationADMINISTRATION AND FINANCE POLICIES AND PROCEDURES TABLE OF CONTENTS
CONTROL Revisin Date: 1/21/03 TABLE OF CONTENTS 10.01 OVERVIEW OF ACCOUNTING FOR INVESTMENT IN PLANT... 2 10.01.1 CURRENT POLICY... 2 10.02 INVENTORY MAINTENANCE AND CONTROL... 3 10.02.1 PROCEDURES FOR
More informationTUITION DISCOUNT PROGRAM FOR THE SCHOOL OF HEALTH SCIENCES AND PRACTICE
TUITION DISCOUNT PROGRAM FOR THE SCHOOL OF HEALTH SCIENCES AND PRACTICE Date: Nvember 5, 2014 Supersedes: Graduate Schl Educatin Benefits, HR.314, dated 5/8/2001 References: Nne. I. PURPOSE T establish
More informationPLANNING AND HOUSING POLICY ADVISORY PANEL. 30 October 2012
PLANNING AND HOUSING POLICY ADVISORY PANEL 30 Octber 2012 Held at Training Rm 1 - Elizabeth Huse, Stratfrd-upn-Avn Meeting cmmenced: 2.00 p.m. Meeting ended: 3.43 p.m. MINUTES Present: Aplgies: Cuncillr
More informationSpread Bet Terms: Deposit Accounts
Spread Bet Terms: Depsit Accunts 1. Structure 1.1 When we engage in Spread Betting with yu, we d s n the basis f: - ur General Terms; these terms, i.e. ur Spread Terms. 1.2 The Spread Terms deal with matters
More informationSTUDIO DESIGNER. Accounting 3 Participant
Accunting 3 Participant Thank yu fr enrlling in Accunting 3 fr Studi Designer and Studi Shwrm. Please feel free t ask questins as they arise. If we start running shrt n time, we may hld ff n sme f them
More informationPurchasing Policy Checklist for Procurement with Federal Grants Eileen Youens, JD
Purchasing Plicy Checklist fr Prcurement with Federal Grants Eileen Yuens, JD T cmply with the Unifrm Administrative Requirements, Cst Principles, and Audit Requirements fr Financial Awards (the Super
More informationHealth Care Reform: The New Law
Health Care Refrm: The New Law Prfessr Sidney D. Watsn April 7, 2010 On March 23, 2010 President Obama signed int law the Patient Prtectin and Affrdable Care Act (H.R. 3590). On March 29, the President
More information