Sentences with phrase «when life insured»

Max Life Waiver of Premium Plus Rider (UIN: 104B029V02) provides waiver of all future premiums in case of Critical Illness or dismemberment or Death (only when Life Insured and Policyholder are different individuals).

Till the end of PPT: Sum Assured on Death Plus accrued Reversionary Bonus (RB1) After the end of PPT till end of policy year when Life Insured attains age 75 years: Sum Assured on Death Plus accrued Reversionary Bonus (RB2) After attaining age 75 years: Sum Assured on Death.

The benefits of the policy are paid only when the life insured dies while traveling in a commercial plane crash.

It is payable on death or at the end of policy year when Life Insured attains age 75, whichever is earlier.

Guaranteed Lump Sum Benefit (GLB) is a survival benefit payable only upon the survival of the life insured at the end of the Premium Paying Term and at the end of policy year when Life Insured attains age 75 and is equal to Sum Assured on Maturity.

The rider also provides a waiver of premium in the event of death, but only when the life insured and the policyholder are separate individuals.

Policy continuance benefit: It is applicable when the life insured and proposer are the different individuals, and the insured's age is less than 18 years and the proposer's age does not exceed 60 years.

The policy benefits are paid out only in when the life insured is died in a commercial plane crash while travelling.

When life insured and policyholder are different: 100 % of the Basic Sum Assured plus Fund Value is payable.

Make unlimited partial withdrawals from your fund, any time after completion of 5 policy years or when life insured attains the age of 18, whichever is later, subject to a minimum partial withdrawal amount of Rs. 5,000

For all those emergency situations, avail the facility of making unlimited partial withdrawals from your fund, any time after the completion of 5 policy years or when life insured attains the age of 18, whichever is later, subject to a minimum partial withdrawal amount of Rs. 5,000

Fund your emergency requirements by making unlimited partial withdrawals from your fund at any time after the completion of 5 policy years or when life insured attains the age of 18, whichever is later, subject to a minimum partial withdrawal amount of Rs. 5,000

Make unlimited partial withdrawals from your fund for supporting emergency situations, at any time after the completion of 5 policy years or when life insured attains the age of 18, whichever is later, subject to a minimum partial withdrawal amount of Rs. 5,000

When life insured is diagnosed with any of the critical ailments such as cancer, heart attacks and vascular disease.

Most endowment plans will offer insurance coverage and the promise of benefits even after the maturity date, in some cases up to a time when the life insured attains the age of 100

It may happen that the premium applicable when the life insured is older may be too high for him to pay and a policy lapse due to non-payment of premium would leave him without insurance cover at an age when he needs it most.

The additional assured sum is paid when the life insured individual dies.

Not exact matches

When it comes to planning for long - term care, advisors and clients have three main options — self - insure, long - term care insurance and life insurance with a long - term care rider.

This sets them apart from term life policies, which offer coverage that is designed to insure your income earning years and end naturally when the term is over.

An accelerated death benefit rider allows the policyowner to receive a portion of the death benefit early when the insured individual is diagnosed with a terminal illness resulting in a decreased life expectancy.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

The trust owns the life insurance policy and collects the death proceeds when the insured dies.

But when a billionaire astronomer discovers a planet capable of sustaining life orbiting Alpha Centauri, he plans to build a rocket to transport a small group of people to the planet in order to populate it and insure survival of the human race.

However, Bishop begins to suspect they won't be able to get away with it when the box is revealed to be able to break into every system in the country, and their lives would be expendable to insure no one knows about its powers.

Cash values accumulate quickly when the insured person has many years left to live.

When a premium is paid, a portion pays for annual renewable term insurance based on the life of the insured.

Option for benefits to continue even after the death of the life insured (when premium waiver rider is opted)

• Life insurance claims are filed when an insured person dies so his or her beneficiary receives the death benefit payout.

When you're able to self - insure, you're not wasting money on a life insurance policy that's become unnecessary.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

The most common is on a single life, where a death benefit is paid out when the insured dies.

In contrast to term insurance, a whole life insurance policy pays the death benefit stipulated in the contract upon the death of the insured, regardless of when it may occur.

If you've insured your life for $ 500,000, this is the face value of your policy — the amount that goes to your beneficiary when you die.

When a loved one passes away, the insured's life insurance policy can provide a death benefit that helps family members to pay for medical payments, end - of - life expenses and funeral costs.

When you submit your life insurance claim, you must provide a copy of the insured individual's death certificate.

When the insured is age 70 — or at the end of the guaranteed period of level - premium — whichever occurs first, the insured is allowed to convert the level term life insurance policy over into a whole life insurance or a universal life insurance plan.

In exchange for premium payments, a life insurance policy provides a tax - advantaged lump - sum payment, known as a death benefit, to the beneficiaries when the insured passes away.

When you suffer a loss, it's a given that you'll incur additional costs to live if you can't use the insured premises.

However, similar to guaranteed universal life, IUL policies perform best when the insured is disciplined about making premium payments.

This sets them apart from term life policies, which offer coverage that is designed to insure your income earning years and end naturally when the term is over.

An accelerated death benefit rider allows the policyowner to receive a portion of the death benefit early when the insured individual is diagnosed with a terminal illness resulting in a decreased life expectancy.

The trust owns the life insurance policy and collects the death proceeds when the insured dies.

Another benefit of term life insurance is that you will continue to be insured in the future as long as you meet the premium payments when due, regardless of any changes to your health, occupation or pastimes.

When an investment bond is set up, you'll need to nominate a policy owner, a life or lives to be insured and beneficiaries.

You need to tell your insurer anything that could affect their decision to insure you when you are applying for, renewing or changing a life insurance policy.

Another use of joint last - to - die life insurance is when employing the insured annuity strategy.

Car insurance will also not cover damage that occurred when a person who lives with you but is not insured under your policy drives your vehicle.

Life insurance benefits are typically paid when the insured person dies and the beneficiary files a claim with the insurance company and provides a certified copy of the death certificate.

The insurance company makes money, hoping to make enough from premiums and investments that it can afford to pay out benefits when the insured's life ends.

When the insured individuals die, the life insurance company pays the trust the death benefit.