Sentences with phrase «+ accrued»
Death benefit amount: In case of death of the Life Insured, the nominee would receive the Sum Assured + accrued Bonus and the policy would terminate.
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The Sum Assured + accrued Bonus is paid if anyone or both the husband and the wife survives till the end of the policy tenure.
On survival till the end of the policy tenure, the policyholder gets the Sum Assured + accrued Reversionary Bonuses + Interim Bonus + Terminal Bonus, if any as Maturity Benefit and the policy terminates.
If the last survivor of the husband and wife dies within the policy tenure, then the Sum assured + accrued Bonus paid as Death Benefit and the policy is terminated.
However, if the Life Insured dies within the Policy Tenure, the nominee would get 25 % of the of the Sum Assured + accrued Reversionary Bonus is paid as Immediate Death Benefit and the policy continues.
However, if the Life Insured dies within the Policy Tenure, higher of 10 times the Annualized Premium or the Sum Assured + accrued Bonuses would be paid to the nominee as Death Benefit and the policy terminates.
** Guaranteed Maturity Benefit = Sum Assured on Maturity + Accrued Guaranteed Additions + Loyalty Benefits
On survival till the end of the Policy Tenure, Sum Assured + accrued Bonuses are paid to the policyholder as Maturity Benefit and the policy terminates.
§ In case the Life Insured dies within the Policy Tenure, higher of 10 times the Annualized Premium or the Sum Assured + accrued Bonuses would be paid to the nominee
Death Benefit — In case of death of the Life Insured within the Policy Tenure, the nominee gets the higher of 10 times the Annualized Premium or the Sum Assured + accrued Reversionary Bonuses + Interim Bonus + Terminal Bonus, if any, subject to a minimum of 105 % of total premiums paid as Death Benefit and the policy terminates.
At the maturity of the policy, the insured will get the final Lumpsum Amount + Accrued Guaranteed Loyalty Additions + Guaranteed Maturity Additions.
The Sum Assured + accrued Reversionary Bonuses + Interim Bonus + Terminal Bonus, if any as Maturity Benefit and the policy terminates.
In case of death of the Life Insured, the nominee would receive the Sum Assured + accrued Bonus and the policy would terminate.
In the event of death of the insured during the term of the policy, the death benefit payable is higher of Sum Assured on Death + Accrued Guaranteed Additions + Accrued Reversionary Bonuses + Interim bonus + Terminal bonus or 105 % of premiums paid till the date of death.
In the event of death of the life insured, the Death Benefit payable is higher of Sum Assured on Death + Accrued Reversionary Bonuses + Interim Bonus + Terminal Bonus or 105 % of premiums paid (till the date of death).
Scenario B: Raman dies during the Term of the Policy In the event of demise of Mr. Raman during any policy year, the nominee will receive higher of Sum Assured on Death + Accrued Reversionary Bonuses + Interim Bonus + Terminal Bonus or 105 % of premiums paid.
In case of an unfortunate event of death of the Life Insured during the Policy Term, the sum of benefits will be payable to the nominee which is Basic Life Insurance Cover + Accrued Non-Guaranteed Annual Simple Reversionary Bonus + Non-Guaranteed Terminal Bonus accrued till death.
Scenario B: Raman dies during the Term of the Policy In the event of demise of Mr. Raman during any policy year, the nominee will receive Sum Assured on Death + Accrued Guaranteed Additions + Accrued Reversionary Bonuses + Interim bonus + Terminal bonus or 105 % of premiums paid as on the date of death.
Guaranteed Maturity Sum Assured + Accrued Paid - Up Additions (if any) + Terminal Bonus (if any) is payable to the policyholder as Maturity proceeds on the policy anniversary immediately following or coinciding with Life Insured attaining age of 75 years.
If the life insured survives at the maturity of the policy term, Sum Assured + Accrued Reversionary Bonuses + Terminal Bonus will be payable to the life insured.
Sum Assured on Death + Accrued Reversionary Bonuses + Terminal Bonus.
On survival till the end of the policy term the following benefit will be payable: Basic Sum Assured + accrued Guaranteed Additions + accrued Reversionary Bonuses and Terminal Bonus, if any
Survival of the policyholder — If Mr.Shukla survives the policy term, then he will receive the sum assured + accrued bonus after which the policy will be terminated.
Sum assured on death plus + Accrued reversionary bonus, if any + Terminal bonus.
Death benefit amount: Higher of Sum assured, 10 times annualised premium and 105 % of the premiums paid + Accrued bonuses
Maturity benefit is payable on survival of the policy term which is higher of (Guaranteed Maturity Benefit (GMB) + accrued Guaranteed Additions and bonuses plus terminal bonus, if any or 100.1 % X (annualized premium plus loadings for modal premiums, if any).
Sum Assured on Death (Rs 5 Lacs) + Accrued Guaranteed Additions + Accrued Reversionary Bonuses + Interim bonus (if any) + Terminal bonus (if any)
Accidental death of the policyholder — If Mr.Shukla meets with an accident during the policy term, then he will receive the sum assured + additional accidental sum assured + accrued bonus.
The Maturity Benefit payable is: Sum Assured on maturity + Accrued reversionary bonus (if any) + Terminal bonus (if any).
In the unfortunate event of death during the term of the plan, the nominee will receive the following: Minimum Death Benefit (as explained below) + accrued Guaranteed Additions + accrued Reversionary Bonuses and Terminal Bonus, if any
Death of the Policyholder — If Mr.Shukla dies during the policy term, then he will receive sum assured + accrued bonus after which the policy will be terminated.
On survival till the end of the policy tenure, the policyholder gets the remaining 40 % of the Sum Assured + accrued simple Reversionary Bonus + Terminal Bonus as Maturity Benefit and the policy terminates.
In the event of demise / death during first five years: Sum Assured on Death + Accrued Guaranteed Additions
In this plan, if the Life Insured dies within the policy tenure then his nominee would receive Double or Triple the Sum Assured (according to the variant opted for) + accrued Bonus.
Death benefit amount: Sum assured on death plus + Accrued reversionary bonus, if any + Terminal bonus.
Death Benefit — In case of death of the Life Insured within the Policy Tenure, the nominee gets (10 X Annualized Premium) or (Sum Assured + accrued bonus, if any), subject to a minimum of 105 % of total premiums paid.
On survival till the end of the policy tenure, the policyholder gets Sum Assured + Accrued Guaranteed Additions.
Now, if the Life Insured survives the entire term, then he would receive basic Sum Assured + accrued Bonus.
Sum Assured on Death + Accrued Guaranteed Additions + Accrued Reversionary Bonuses + Interim bonus (if any) + Terminal bonus (if any) and
At the maturity of the policy, the insured will get Sum Assured + accrued Bonus.
On the death during the term of the policy, the following benefits will be paid - Guaranteed Death Benefit + Accrued Paid - up Additions (if any) + Terminal Bonus.
In this plan, if the Life Insured dies within the policy tenure then his nominee would receive Triple the Sum Assured + accrued Bonus.
Maturity Benefit — On survival till the end of the policy tenure, the policyholder gets last Guaranteed Base Income Payout + Accrued Reversionary Bonus + Interim Bonus (if any) + Terminal Bonus (if any) as Maturity Benefit and the policy terminates.
Death Benefit is double the Sum Assured + accrued Bonus for Double Cover Endowment Plan and it is triple the Sum Assured + accrued Bonus for Triple Cover Endowment Plan
In the event of demise / death after the completion of five years but before maturity: Sum Assured on Death + Accrued Guaranteed Additions + Loyalty Addition, if any.
As the policyholder attains the age of 75 years or on the policy anniversary (whichever happens later), the following benefit shall be paid: Guaranteed Maturity Sum Assured + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) where Guaranteed Maturity Sum Assured is the total guaranteed sum to be received at the end of the policy term Accrued paid - up additions are any additional coverage provided by the company (if applicable) Terminal bonus is the bonus to be received at the end of the policy term (if applicable)
Calculation of Surrender Value = Surrender Value factor x (paidup Sum Assured + Accrued Bonuses).
In the event of demise / death during first five years: Sum Assured on Death + Accrued Guaranteed Addition
In case of death of the Life Insured, the nominee receives Sum Assured + accrued Bonus.
Maturity Benefit — On survival till the end of the policy tenure, the policyholder gets Sum Assured + Accrued Guaranteed Additions.