Sentences with phrase «upon death of the life assured»

Death Benefit relates to the proceeds of the life insurance policy received by the nominee or the beneficiary upon the death of the life assured.

Income Plus option: This will pay the Sum Assured to the nominee upon the death of the life assured as well as a monthly income to the family for a period of 10 years.

• Upon the death of the life assured, be sure send the claim intimation to the insurance company as quickly as possible.

The benefit (amount) that a designated beneficiary / nominee is eligible to receive, as per the insurance Policy, upon the death of the life assured.

The Sum Assured plus all bonuses to date is payable in a lump sum upon the death of the life assured.

Upon death of the life assured, the base sum assured is reduced by all the partial withdrawals made with - in two years before the date of death.

Not exact matches

Upon the death of the life insured the company will to the nominee the Sum Assured on death along with Additional Sum Assured under Life Stage Plus Option, if any less Payout Accelerator Benefit already paid, if life insured the company will to the nominee the Sum Assured on death along with Additional Sum Assured under Life Stage Plus Option, if any less Payout Accelerator Benefit already paid, if Life Stage Plus Option, if any less Payout Accelerator Benefit already paid, if any.

Individual Life: Upon the death of the insured during policy, the sum assured will be paid (if all premiums are fully paid).

In case the Life Insured is found to be suffering from a disease that is likely to lead to the Death of the Life Insured within 6 months of diagnosis in the opinion of a Registered Medical Practitioner and the concurrence of Company's appointed doctor, the Company will advance 50 % of the Guaranteed Maturity Sum Assured (up to maximum of Rs. 10 Lakhs across all policies which provide this benefit) immediately upon Policyholder's request.

Under this option, 100 % of the sum assured shall be paid as a lumpsum upon death of the life insured.

Option 3: Income Option Under the income option, 10 % of the sum assured is paid as a lump sum upon death of the life insured and the remaining 90 % of the sum assured shall be paid as monthly income over next 15 years (0.5 % of sum assured every month for 15 years).

o Individual Life: Upon the death of the insured during policy, the sum assured will be paid (if all premiums are fully paid).