Sentences with phrase «20lakh during policy tenure»

In the event of the unfortunate death of the insured (parent) during the policy tenure, insurance companies often offer to waive the premium.

Furthermore, the insured receives back the accumulated premium, if the individual does not fall ill during the policy tenure.

One can perform the process of changing the nominee any number of times during the policy tenure.

This is valid only during the policy tenure and if it takes place whilst you were travelling abroad.

All the bonus amounts acknowledged at the end of the premium payment term will be paid out at the end of the policy term or on the policyholder's death during the policy tenure.

Fixed premium — No matter what length you take the plan for, your premium will be fixed throughout, and so you don't have to appear for medical tests, etc during the policy tenure and have the premium increased.

Similarly, a higher cover means that the insurer will incur heavy losses in case of your death during the policy tenure.

In the unfortunate event of the child's death during the policy tenure, the sum assured along with the guaranteed additions are paid out and the policy terminates.

So, if the insured gets diagnosed with a critical illness during the policy tenure, he / she becomes entitled to get a fixed lump sum, as mentioned in the policy.

Irrespective of the claims taken during policy tenure, No Claim Bonus discount remains protected during entire policy tenure.

If during policy tenure, investor passes away, nominee receives Rs. 5.75 Lakh.

Survival Benefits are the policy benefits that the life assured receives during the policy tenure.

Top - up is a one - time lump sum investment provision for you as an investor which can be used during your policy tenure.

In consideration of nominal premium amount, it provides a death benefit in the form of guaranteed Sum Assured to the dependants upon the demise of the policyholder during the policy tenure.

In case of death during policy tenure your nominee or family will get higher of Sum Assured, Sum Assured at Maturity or 125 % of the Single Premium.

If the policyholder survives the entire policy tenure, then on policy maturity, all the premiums paid during the policy tenure will be returned to the policyholder

What happens to my premium amount if my insurer goes bankrupt or shutdown in any upcoming recession during my policy tenure.

In case of death during policy tenure, the insurer will give a death benefit.

The number of times you can claim during the policy tenure is 3.

Some insurers do not allow renewal of the policy if any claim is made during the policy tenure.

The insured can make a lump sum investment into his fund any time during the policy tenure except the last 5 years with the plan.

If more than one person is covered under a single critical illness policy, each member qualifies to get cover once during the policy tenure.

The insurance company also reserves the authority to cancel no - claim bonus if you've earned any during the policy tenure.

This back - date policy will reduce the premium liability for the insured during the policy tenure.

Money back policies are the most expensive insurance options offered by insurance companies as they offer returns to the insured during the policy tenure.

On death or terminal illness of the insured during the policy tenure, the Sum Assured is given in equated monthly instalments for such time which will be equal to the term of the plan chosen.

Hence, there's no question of making another claim during that policy tenure.

In case of demise of the pensioner during the policy tenure of 10 years, the purchase price of the policy is refunded to the nominee of the policy.

By opting for a long term insurance period, insured is protected against the possible rise in premium rates during the policy tenure.

During the policy tenure she diagnosed with Malaria and due to her severe condition, she was hospitalised.

They might cover the claims made during the policy tenure but the event or incident that caused the significant financial loss happened before the period.

However, it is possible to register a nominee at any time during the policy tenure.

By buying annual multi-trip insurance, you can enjoy travel outside India, for N numbers of time during the policy tenure for 1 year.

It assures to return all premiums paid incase no claim is made during the policy tenure and upon survival, as stated in the official statement released by the insurer.

If the maturity amount is more than five times the premium paid during policy tenure, the sum assured gets exempted from Income Tax deduction.

Child insurance plans offer periodic payouts that help the children with their education needs even during the policy tenure.

Saina Nehwal then goes on to explain the features of the product where you get the full amount of the policy on diagnosis of the illness up to three times during the policy tenure.

A premium waiver benefit offers such an offering where the insurer pays for the premium costs if the policyholder expires during policy tenure and also pays out a death cover as a lump sum amount to the child on maturity.

This cover enables the customer to protect his NCB incase of single claim during the policy tenure with extra conditions like only repair, or only glass damage.

This means that you can claim multiple times during the policy tenure, provided the illnesses belong to different groups of illnesses.

Flexibility to increase / decrease sum assured during the policy tenure Fund value is payable on maturity.

It will be in use when the policyholder dies during the policy tenure, for which it is designed.

During policy tenure in case you are diagnosed with any terminal illness, company will pay you a lump - sum amount equal to 25 % of sum assured.

If you wish to surrender your policy during the policy tenure, you remain at a loss!

Child plans offer the benefit of waiver of premium, doing away with the premium obligation if the policyholder parent expires during policy tenure.

Death Benefit: In case of your death during the policy tenure, your family will get the pension amount as per the annuity selected.

And that she, as a nominee will receive the sum assured (death benefit), in case of him passing away during the policy tenure.

If the there's an unfortunate demise of the policyholder during the policy tenure, his nominee receives the entire sum assured.

Top - up is a one - time lump sum investment you can use during your policy tenure.

If any of the life partners passes away during the policy tenure, this is how a term insurance company will pay the benefit to the nominee / surviving partner: