In case of unfortunate event of demise of policyholder, 10 % of sum assured will be paid on every policy anniversary till the policy maturity. (policybazaar.com)
Death benefit is an amount of money paid to the family of the life insured in event of his demise before the end of the policy term. (life.indiainsured.com)
In the unfortunate event of the demise of the policyholder, the nominee receives a Death Benefit. (policybazaar.com)