Sentences with phrase «before risk commencement»
In case of death of the child, i.e. the Life Insured before the risk commencement then the nominee would get only the basic premiums paid till date.
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However, if the death occurs before the commencement of the risk, only the basic premiums are paid back to the nominee.
If the policyholder dies before the commencement of risk cover, the entire premium paid along with other benefits will be paid back to the beneficiary.
In case of demise of the life assured, before the date of commencement of risk, the premium amount excluding the extra premium, taxes and rider premium (if any) is payable to the beneficiary of the policy.
On death of the policyholder before the commencement of risk, an amount equal to the policyholder's fund value will be payable.
On death before the date of commencement of risk: All the premiums paid (excluding extra premium + premium for premium waiver benefit (if any) + interest of 3 % p.a compounding yearly.
Only the Single Premium paid would be paid to the nominee if the Life Insured dies before the commencement of risk
Before commencement of risk: In this case the death benefit will be only the sum of premiums paid excluding taxes and extra or rider premium.
Suicide clause - If the policyholder commits suicide before 2 months from the date of commencement of risk, he / she can be returned with 90 % of the premium paid without any taxes or extra premium.
In case of death of policy holder, the fund value accumulated till date will be paid to nominee in case death before the date of commencement of risk.
a) Death before date of commencement of risk: If the death of the policyholder occurs before the date of commencement of risk then death benefit pay - out will be return of single premium excluding service tax and any extra premium paid without interest.
In case of death before the commencement of risk, policy holder's family will get the paid premiums till date after deducting taxes, extra premium and rider Premiums (if any).
- Before the date of commencement of risk: In this case, the single premium is refunded to the nominee without giving any interest on the amount.
Before the date of commencement of risk: In this case, the single premium is refunded to the nominee without giving any interest on the amount.
Death Benefits - If the life assured dies before the commencement of the risk, the paid premiums are returned.
In case of any mishappening that causes the death of the insured person before the date of commencement of risks, LIC is bound to refund the single premium without any interest.
Before the commencement of the risk, during the first five years of the policy, single premium is refunded without any interest and is free from taxes, extra chargeable premium and rider premium.
If the age at entry is less than 8 years, the risk will commence either one day before the completion of 2 years from the date of commencement of the policy or one day before the policy anniversary coinciding with or following the completion of 8 years, whichever is earlier.
In the event of death of the life insured before the date of maturity, but after the date of commencement of risk, Sum Assured on Death plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable to the nominee.
In the event of death of the life insured before the date of maturity, but prior the date of commencement of risk, Return of Premium (excluding taxes, rider premium & extra premium, if any).
Death happens before commencement of risk or Death happens within 5 years from the date of policy: All premiums paid without any interest would be paid.
Example — Suppose Mr. Kumar buys the policy with date of commencement of risk as 1st January 2018, then the Critical illness benefit will not be paid if the date of diagnosis of the Critical illness falls on or before 1st April 2018.
Death happens before commencement of risk: All premiums paid without any interest would be paid.
If the demise of the policyholder happens before the commencement of risk, your nominee will be refunded the premiums paid (excluding taxes)
In the event of death of the life assured during the policy term and before commencement of the risk, the single premium is then payable.
Date of commencement of risk In case the age at entry is less than 8 years, the risk will commence either one day prior to the completion of 2 years from the date of commencement of policy or one day before the policy anniversary coinciding with or immediately following the completion of 8 years of age, whichever is earlier.
On death before the Date of Commencement of Risk: An amount equal to the Policyholder's Fund Value is payable.
Date of commencement of risk: In case the age at entry of the life insured is less than 8 years, the risk cover is available either one day before the completion of 2 years from the date of commencement of policy or one day before the policy anniversary coinciding with or immediately following the completion of 8 years of age, whichever is earlier.
In the event of death of the life insured before the date of maturity, but prior the date of commencement of risk, an amount equal to the amount of total premiums paid shall be payable.
But if death occurs before the commencement of risk, then only the sum of basic premiums are paid back.
After the date of commencement of risk, the guaranteed surrender value is 90 % of the premiums paid before the date of commencement of risk excluding the premiums paid during the first year and any extra premiums paid plus 30 % of the premiums paid after the date of commencement of risk.
The guaranteed surrender value before the date of commencement of risk is 90 % of the premium paid excluding the premiums paid during the first year and any extra premium paid.
The Guaranteed Surrender Value before the date of commencement of risk is 90 % of the premiums paid excluding the premiums paid during the first year and any extra premium paid.
In the event of death (of child) before commencement of risk (life cover), you will get back total premiums paid till date excluding taxes and rider premium.
On death during the policy term before the date of commencement of risk: Return of single premium excluding service tax and extra premium, if any.
In case of death of life assured before the commencement of risk, the benefits would be sum assured including revisionary bonuses and final additional bonus.
In case of death of the life assured before the date of commencement of risk, then the premium will be returned excluding the extra premium, taxes and rider premium, if any.
The guaranteed surrender value after the commencement of risks is 90 % of the total premium paid (excluding the first year) before the commencement of risk and 30 % of the premium after the commencement of the risk.