The Sum Assured on death will be higher of 10 or 7 times the annual premium paid or basic SA
+ additional death benefit
Not exact matches
Benefit = Sum Assured
+ Additional accidental
death cover
+ Cover against Total and Permanent Disability (Max.
Death Benefit = Sum Assured on
Death + vested Simple Reversionary Bonuses
+ Final
Additional Bonus if any.
After the
death of policyholder, lump sum amount is given to the nominee, equal to the total of sum assured of the policy
+ simple reversionary bonus
+ additional bonus if any.
Death benefit will be Sum Assured
+ vested Simple Reversionary Bonuses
+ Final
Additional Bonus, if any.
In case of sudden
death during the policy premium paying term, his / her family or nominee will get «Sum assured on Death» + vested Simple Reversionary Bonuses + Final Additional Bonus, if any as Death bene
death during the policy premium paying term, his / her family or nominee will get «Sum assured on
Death» + vested Simple Reversionary Bonuses + Final Additional Bonus, if any as Death bene
Death»
+ vested Simple Reversionary Bonuses
+ Final
Additional Bonus, if any as
Death bene
Death benefits.
On
death after the first five years, basic Sum Assured
+ accrued Guaranteed Additions
+ vested Simple Reversionary Bonuses and Final
Additional Bonus, if any is paid either in lump sum or in annuity or partly in lump sum and partly in annuity.
On
death after the risk cover has begun, the Sum Assured (SA) on
death + vested simple reversionary bonuses
+ Final
Additional Bonus, if any, is payable subject to a minimum of 105 % of all premiums paid till
death.
Death Benefit Available — the nominee receives Sum assured
+ accrued bonus
+ guaranteed
additional bonus
+ terminal bonus.
If all the regular premiums for decided term are paid with no balance premium, the
Death benefit is calculated by adding following amounts: Death Benefit = Sum Assured on death + Vested simple Reversionary Bonus + Final Additional B
Death benefit is calculated by adding following amounts:
Death Benefit = Sum Assured on death + Vested simple Reversionary Bonus + Final Additional B
Death Benefit = Sum Assured on
death + Vested simple Reversionary Bonus + Final Additional B
death + Vested simple Reversionary Bonus
+ Final
Additional Bonus.
But if unfortunate
death happens after commencement of risk, then nominee will get Sum Assured on
death + Vested Simple Reversionary bonuses and Final
Additional Bonus (if any).
If
death of the insured occurs after the commencement of risk,
death benefit amount including «Sum Assured on
death + Final
Additional Bonus
+ Accrued Bonuses will be paid.
In case of accidental
death,
additional amount equal to Sum Assured along with Sum Assured
+ Bonus
+ Final Addition Bonus (Accidental Life Cover) will be paid to nominee.
Death benefit Option1: In case of death of the Life Assured, nominee will receive the following: Higher of Sum Assured or Fund Value or 105 % of total premiums paid Death benefit Option2: Triple Benefit Option In case of death of the Life Assured during the Policy Term, nominee will receive the following: Higher of Sum Assured or 105 % of total premiums paid + All future premiums due will be paid by the Company (additional savings benefit) + Amount equal to the annual premium will be paid every year to the nominee (Income Bene
Death benefit Option1: In case of
death of the Life Assured, nominee will receive the following: Higher of Sum Assured or Fund Value or 105 % of total premiums paid Death benefit Option2: Triple Benefit Option In case of death of the Life Assured during the Policy Term, nominee will receive the following: Higher of Sum Assured or 105 % of total premiums paid + All future premiums due will be paid by the Company (additional savings benefit) + Amount equal to the annual premium will be paid every year to the nominee (Income Bene
death of the Life Assured, nominee will receive the following: Higher of Sum Assured or Fund Value or 105 % of total premiums paid
Death benefit Option2: Triple Benefit Option In case of death of the Life Assured during the Policy Term, nominee will receive the following: Higher of Sum Assured or 105 % of total premiums paid + All future premiums due will be paid by the Company (additional savings benefit) + Amount equal to the annual premium will be paid every year to the nominee (Income Bene
Death benefit Option2: Triple Benefit Option In case of
death of the Life Assured during the Policy Term, nominee will receive the following: Higher of Sum Assured or 105 % of total premiums paid + All future premiums due will be paid by the Company (additional savings benefit) + Amount equal to the annual premium will be paid every year to the nominee (Income Bene
death of the Life Assured during the Policy Term, nominee will receive the following: Higher of Sum Assured or 105 % of total premiums paid
+ All future premiums due will be paid by the Company (
additional savings benefit)
+ Amount equal to the annual premium will be paid every year to the nominee (Income Benefit).
a)
Death Benefit (On death of life insured, sum assured is paid) or b) Death Benefit + Accidental Death Benefit (On death of life insured due to accident, sum assured is paid + additional amount is paid as «Accidental Death Benefit&ra
Death Benefit (On
death of life insured, sum assured is paid) or b) Death Benefit + Accidental Death Benefit (On death of life insured due to accident, sum assured is paid + additional amount is paid as «Accidental Death Benefit&ra
death of life insured, sum assured is paid) or b)
Death Benefit + Accidental Death Benefit (On death of life insured due to accident, sum assured is paid + additional amount is paid as «Accidental Death Benefit&ra
Death Benefit
+ Accidental
Death Benefit (On death of life insured due to accident, sum assured is paid + additional amount is paid as «Accidental Death Benefit&ra
Death Benefit (On
death of life insured due to accident, sum assured is paid + additional amount is paid as «Accidental Death Benefit&ra
death of life insured due to accident, sum assured is paid
+ additional amount is paid as «Accidental
Death Benefit&ra
Death Benefit».
Death Benefit: In case of death of the insured before the completion of the tenure of the insurance plan, the nominee would get Sum Assured on Death + Vested simple reversionary Bonuses + Final Additional Bonus (if
Death Benefit: In case of
death of the insured before the completion of the tenure of the insurance plan, the nominee would get Sum Assured on Death + Vested simple reversionary Bonuses + Final Additional Bonus (if
death of the insured before the completion of the tenure of the insurance plan, the nominee would get Sum Assured on
Death + Vested simple reversionary Bonuses + Final Additional Bonus (if
Death + Vested simple reversionary Bonuses
+ Final
Additional Bonus (if any).
His family would get Rs 2 Lakhs as
death benefit along with vested bonus
+ final
additional bonus (if any).
a)
Death Benefit: In case of death of insured before the completion of tenure of the insurance plan, nominee would get Sum Assured on Death + Vested simple reversionary Bonuses + Final Additional Bonus (if
Death Benefit: In case of
death of insured before the completion of tenure of the insurance plan, nominee would get Sum Assured on Death + Vested simple reversionary Bonuses + Final Additional Bonus (if
death of insured before the completion of tenure of the insurance plan, nominee would get Sum Assured on
Death + Vested simple reversionary Bonuses + Final Additional Bonus (if
Death + Vested simple reversionary Bonuses
+ Final
Additional Bonus (if any).
An accidental
death benefit rider gives your nominee's (family / heirs), an (
additional amount
+ policy amount), if you (policy holder), die in an accident.
Base Sum Assured
+ Simple Reversionary Bonus (announced every year)
+ Final
Additional Bonus (applicable in the year of
death)
If
death occurs after the commencement of risk, i.e. after 8 years of age, of kid or after 2 years from the date of policy, Sum Assured
+ Bonus
+ Final
Additional Bonus, if any, shall be payable.
Thus, the total payout = Rs. 2.05 crores (Rs. 1 crore paid immediately
+ Rs. 1.75 lakhs for 60 months) In case of an accidental
death of Sheetal, Ramesh will get an
additional payout of Rs. 50 lakhs as lump sum.
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.
Total benefit paid = Rs. 2.05 crores (Rs. 1 crore paid immediately
+ Rs. 1.75 lakhs for 60 months) In case of an accidental
death of Ramesh, Sheetal will get an
additional payout of Rs. 50 Lakhs as lump sum.
o Disability Benefit (Disability Plus): In case the life insured suffers from accidental total and permanent disability, he / she receives Sum Assured
+ additional accidental
death cover
+ cover against accidental total and permanent disability.
Maturity Benefit Options (a) Enhanced Cash Option: · Sum Assured
+ Reversionary Bonus
+ Interim Bonus (if any)
+ Terminal Bonus (if any)
+ · Enhanced Terminal Bonus OR (b) Enhanced Cover Option: · Sum Assured
+ Reversionary Bonus
+ Interim Bonus (if any)
+ Terminal Bonus (if any) · And
Additional Sum Assured payable on
death of Life Assured upto the age of 99 Years.
(a) Enhanced Cash Option: Enhanced maturity amount at the end of policy term OR (b) Enhanced Cover Option: Maturity amount at the end of policy term
+ additional Sum Assured on
death up to the age of 99 years
Death Benefit in Bhandari's case: If Mr Bhandari passes away, the
Death Benefit which is the total of «Sum Assured on
Death «
+ Vested Simple Reversionary Bonuses
+ Final
additional bonus, if any, shall be payable to the nominee.
Understanding Following Table: Suppose if
Death happens in Year 2023, then nominee will get death claim amount as 10 times of single premium i.e. 2624500 + Loyalty Addition (LA) of year 2023 in case of normal death and in case of accidental death, an additional amount eqaul to sum assured (50000) will also paid along with normal death c
Death happens in Year 2023, then nominee will get
death claim amount as 10 times of single premium i.e. 2624500 + Loyalty Addition (LA) of year 2023 in case of normal death and in case of accidental death, an additional amount eqaul to sum assured (50000) will also paid along with normal death c
death claim amount as 10 times of single premium i.e. 2624500
+ Loyalty Addition (LA) of year 2023 in case of normal
death and in case of accidental death, an additional amount eqaul to sum assured (50000) will also paid along with normal death c
death and in case of accidental
death, an additional amount eqaul to sum assured (50000) will also paid along with normal death c
death, an
additional amount eqaul to sum assured (50000) will also paid along with normal
death c
death claim.