In case of unfortunate demise of life assured during the policy term, the sum assured amount is paid to the nominee immediately and the policy ends. (exidelife.in)
A sum assured amount is paid to the children in the case of unfortunate demise of insurer during the term of the plan. (policybazaar.com)
In case of the Life Assured's unfortunate demise during the Policy term, provided all due premiums have been paid, we will pay to the nominee the «Sum Assured on Death» The «Sum Assured on Death» shall be the highest of: (hdfclife.com)