Sentences with phrase «death benefit option a»

Basic: It is for those who never intend to convert their policy into a permanent product and are satisfied with the inexpensive death benefit option provided by Term life insurance.

The death benefit option has to be specified at the time of buying the plan.

Accelerated Death Benefit Option provides up to 50 % of the death benefit for a terminally ill service member with a life expectancy of 9 months or less.

Death benefit option 10X: Death benefit is higher of 105 % of the premiums paid or Sum Assured on Death.

Upon choosing death benefit option II, 50 % of Death Benefit as an immediate lump sum on Death i.e. Rs 2,14,372.

He thus opts for Aegon Life iMaximize Insurance Plan (Death Benefit Option 2) with the policy term of 25 years, premium payment term of 25 years, annual premium of Rs 1,00,000 and base sum assured of Rs 12,50,000.

Death benefit option 7X: Death benefit is higher of Sum Assured on Death or 105 % of the premiums paid.

Death Benefit Payable: In the event of death, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the customer.

Mr. Chirag at 35 years of age, opts to buy HDFC Life YoungStar Udaan (career maturity benefit option with classic waiver death benefit option) with the policy term of 15 years, premium payment term of 10 years, annual premium amount of Rs 50,000, and sum assured on maturity of Rs 5,00,000.

Choose Death Benefit option 1 - Monthly income for 15 years will be paid out in 180 equal instalments.

The policyholder chooses the coverage required, the Death Benefit option and the Premium Paying Tenure based on which the premium amount is calculated.

Accelerated Death Benefit Option provides up to 50 % of the death benefit for the terminally ill with a life expectancy of 9 months or less.

If the policyholder survives till maturity, i.e. after attaining 100 years of age, the maturity benefit would be paid depending on the death benefit option chosen.

This Plan offers Accidental Death Benefit Option as in - built rider.

Death Benefit Option 2 - 50 % Lumpsum sum assured (paid immediately on acceptance of death Claim) + 50 % sum assured paid out on an annual basis in increasing installments over a period of 10 years.

# Accelerated Death Benefit option is a feature that is made available to group life insurance participants.

His plan details are as follows: Death Benefit Option 2 (Non Smoker), Cover Amount (Base Sum Assured) = Rs. 50 lakhs, Inbuilt Accidental Death Benefit = Rs. 50 lakhs, Policy Term = 30 years, Premium Payment Term = 30 years, Annual Premium = Rs. 12, 900 (exclusive of service tax).

Death Benefit: In the event of death, this plan offers increasing death benefit option which keeps growing through bonus option of paid - up additions.

Permanent life insurance provides the insured with both a death benefit option, along with a cash value component.

This is because term offers just a pure death benefit option, without any type of cash value build up.

If the insured dies any time before reaching 100 years of age, the death benefit is paid according to the chosen death benefit option.

This death benefit option is paid on the death of the life insured for a period of 10 years or up to a period you would have turned 60 (whichever is higher).

Option 1 - Lump Sum Death Benefit: Upon choosing lump sum death benefit option by the nominee, she will receive a one time payment of Rs 12.75 lacs (12.75 times of annualized premium)

Death Benefit Option 2: Regular Income Option: A fixed percentage of the death benefit is payable every month for a fixed number of months beginning from the next month policy anniversary from the date of death.

This death benefit option offers a monthly income on your death till such time you would have either turned 60 or for 10 years whichever is higher.

Death Benefit Option 3: Lump sum plus Regular Income: A proportion of death benefit is payable as a lump sum on death & the remaining amount as a regular income.

#Additional Savings Benefit charge and #Income Benefit charge applicable only if Death Benefit Option 2 is opted.

Option 1: Level death benefit Option 2: Increasing death benefit plus cash value Option 3: Level death benefit plus return of premiums paid minus any partial withdrawal

Increasing death benefit option allows for your policy death benefit to grow, as well as the cash value, which can likewise grow the LTC benefit.

Many people who choose to use the accelerated death benefit option already know they have less than one year to live, and they then use the benefits to help pay for their treatments and other costs needed to extend their lifespan.

You are simply required to fill in the form with your essential information such as your gender, age, period of payment and the death benefit option.

This benefit would depend on the death benefit option chosen when buying the plan.

Changes in the Death Benefit Option may result in changes to the policy's Face Amount and may require evidence of insurability.

At inception of the policy, you can choose Death Benefit Option based on the age at entry, policy term and income option as per the following table:

Death Benefit Option 1: In case of death of the Life Assured, Sum Assured under the plan will be paid and the Policy will cease to exist.

Is it possible to change the death benefit option before the issuance of policy.

Whichever type of death benefit option you choose it will affect the cost of your premiums, so it is a good idea to get quotes for both kinds.

Additional death benefit option In addition to the minimum death benefit of Rs. 1,000 per member, the employer can opt to offer additional death benefit.

Death Benefit Option 2: In case of death of the Life Assured, 50 % of the Sum Assured is paid immediately 3 % of the Sum Assured is paid every month, starting the next policy month for the next 5 years.

Death benefit option shall be chosen by policyholder at inception and it can not be changed during the Policy Term.

4 Only Death Benefit Option A is available when the Loan Extension Endorsement is in effect.

BSLI Guaranteed Future Plan: It is the Maturity Sum Assured and will depend on the chosen Death Benefit option, premium paying frequency, amount of premium chosen and the gender of the life insured.

Sir I purchased the iprotect smart plan on 12.12.2015 and paid the premium amount online.I wrote to them regarding change of death benefit option on 14.12.2015 after speaking to their customer care My medical was conducted on 15.12.2015 and the policy is not yet been issued.

Death Benefit Option changes from A to B are allowed after the 2nd policy year and changes from B to A are allowed after the 5th policy year.

The death benefit option under the plan is flexible and can be taken in lump sum, as monthly instalments or in a combination of both.

Max Life Super Term Plan has an increasing sum assured feature plus a dual death benefit option.

The plan can be customized by adding Accidental Death Benefit option under which an extra benefit equal to the Guaranteed Sum Assured subject to a maximum of Rs. 50 lakhs is paid in case of accidental death

The main feature of this policy is the double death benefit option.

Included automatically at no additional cost with policies that elect Death Benefit Option A.

Changes in the death benefit option are available at no charge after the first policy year.