Sentences with phrase «in event of death of the life insured»

Protection for your group members — Death benefit is paid in event of death of the life insured by the company to the beneficiary.

In the event of death of the Life Insured during the Policy Term, subject to the policy being in force, the Death Benefit payable shall be equal to the Sum Assured on death.

Death Benefit: In event of death of the Life Insured, the beneficiary will get Triple Benefit as mentioned below:

Kotak Accidental Death Benefit Rider (Linked): In the event of the death of the life insured due to an accident, the rider pays the Rider Sum Assured in addition to the Death Benefit

A minimum assurance of receipt of 105 % of total premiums paid as Death Benefit in the event of death of life insured

In the event of death of the life insured, the nominee receives the death benefit as per the opted plan option.

o Income Plus Option: In the event of death of the life Insured the nominee receives 100 % of sum insured and additionally, a level monthly income equal to 0.5 % of the Sum Assured shall be payable for a period of 10 years.The monthly income can be opted as level or increasing at 10 % p.a.

In the event of the death of the life Insured, a lump sum amount equal to the Sum Assured is paid as a life insurance benefit to the nominee.

This rider provides the death benefit to the nominee, which is additional to the base policy sum assured in the event of death of the life insured.

In the event of death of the life insured during the term of the policy provided all due premiums are paid, the Sum Assured on Death, subject to the guaranteed death benefit of 105 % of the total premiums paid till date of death, is payable immediately and the policy will be converted to a fully paid - up policy.

In the event of death of the life insured during the policy term, Entire Sum Assured plus the Guaranteed Additions accrued till date is payable to the nominee.

In the event of death of the life insured during the term of the policy, the sum assured chosen is payable to the nominee, provided all due premiums have been paid in full.

o Level Cover: The death payout under this plan option pays the opted sum assured to the nominee in the event of death of life insured during the policy term.

In the event of death of the life insured, the company will pay both the fund value accumulated plus the sum assured.

In the event of death of the life insured during the policy term, provided all due premiums are paid, the death benefit payable is sum assured on death plus guaranteed loyalty additions plus vested bonus plus interim bonus plus terminal bonus.

In the event of death of the life insured during the term of the policy, the highest of Basic Sum Assured less applicable partial withdrawal, 105 % of the Premiums paid, or Fund Value in the Main Account including Loyalty Additions is payable.

Subsidizing of Future Premiums in an event of Death of the Life Insured to guarantee that your fantasies for your kid stay in place

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.

Sum assured plus accrued bonuses is payable immediately, in the event of death of the life insured.

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).

(Note: In the event of death of the Life Insured while the policy is in force, during the policy term, subsequent to the Critical Illness claim, the Reduced Base Sum Assured (i.e. Base Sum Assured less Critical Illness Sum Assured) is payable and the policy gets terminated)

In the event of death of the life insured during the policy term, the Death Benefit payable is higher of the sum assured, fund value, or 105 % of the total premiums paid.

Lump Sum Option: In the event of death of the life Insured, 100 % Guaranteed Death Benefit as a lump sum is paid to the nominee / family.

In the event of death of the life insured during the policy term, the Death Benefit as a lump sum is payable to the nominee, which is higher of the sum assured or single premium fund value Plus higher of top - up premium sum assured or top - up premium fund value, if any.

Lump Sum + Increasing Monthly Income Option: In the event of death of the life Insured, 50 % of the of the Guaranteed Death Benefit is paid as a lump sum.

In the event of death of the life insured during the policy term, lump sum death benefit as Guaranteed Death Sum Assured (GDSA) is payable to the nominee.

Under this policy, the insurance company will pay the death benefit amount to the nominee or family in the event of death of the life insured.

In the event of the death of the life insured, a lump sum amount of the guaranteed sum assured is paid to the nominee.

So it is a simple term insurance plan that pays only in the event of death of the life insured during the tenure of the plan.

Option 3: Max Life Online Term Plan — Sum Assured plus Increasing Level Monthly Income Under this option, in the event of death of the life insured during the plan term, the family gets 100 % of the sum assured as a lumpsum payment.

Under this option, in the event of death of the life insured during the tenure of the plan, the nominee will receive the sum assured as a lumpsum payment.

In this case in the event of death of life insured due to accident Rs. 2 crore (Rs. 1 crore base sum assured + Rs. 1 crore accidental death benefit) will be paid.

For individuals who are not aware what is a term plan, it is a life insurance plan that pays a lumpsum amount to the family members of the life insured in the event of death of the life insured during the tenure of the life insurance plan.

In the event of death of the Life Insured, Death Benefit will be higher of 105 % of the premiums paid until the death of the policyholder OR eleven times of the annualised premium OR guaranteed sum assured on maturity OR any assured amount that has been earlier agreed to be paid in case of death

In the event of death of the life insured during the policy term, the Death Benefit payable is higher of Sum Assured on Death or Policy Account Value.

In the event of death of the life insured during the policy term, the higher of Sum Assured, Fund Value or 105 % of the total basic premiums paid, is payable to the nominee.

In the event of death of the life insured before the date of maturity, the Death Benefit payable is Sum Assured on Death plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable to the nominee, provided the policy is in - force.

In the event of death of the life insured due to an accident, an additional Basic Sum Assured is paid along with the Death Benefit.

In the event of death of the life insured during the term of the policy, the Sum Assured is payable immediately and all future premiums are waived.

In the event of death of the life insured, the beneficiary is entitled to receive following benefit: For Gold Option: The higher of Sum Assured less partial withdrawals # or Fund Value is payable, subject to a minimum of 105 % of the total premiums paid, as on the date of death.

In the event of death of Life Insured due to an accident, the Sum Assured under the Rider will be paid to the Policyholder / nominee in addition to the Sum Assured under the base policy and the rider will cease to exist.

In the event of death of the life insured due to natural causes during the term of the policy, Sum Assured on Death plus accrued Reversionary bonuses and Terminal bonus is payable to the nominee.

Additionally, under this option the nominee will receive a regular stream of Income in the event of death of the life insured.

In the event of death of the life insured during the policy term, the higher of Sum Assured or Fund Value is payable, subject to a minimum of 105 % of the total basic premiums paid, as on the date of death.

In the event of death of the life insured during the policy term, the Death Benefit as a lump sum is payable to the nominee, which is higher of the sum assured or regular premium fund value Plus higher of top - up premium sum assured or top - up premium fund value, if any.

In the event of death of the life insured during the term of the policy, the higher of 105 % of all the premiums paid or Sum Assured on Death is payable.

The death benefit is payable in the event of the death of the life insured during the policy term.

In the event of death of the life insured during the policy term, the full sum assured is payable irrespective of survival benefits already paid.

In the event of death of the life insured during the term of the policy, the death benefit is payable depending on the option chosen.

In the event of death of the life insured during the policy term, the Death Benefit payable is higher of Sum Assured plus top - up premium, 105 % of the total premiums paid, Balance in your Individual Policy Account (IPA), or Total premiums paid.