Sentences with phrase «accrued during the policy term»

In case of the policyholder's survival, additional bonuses accrued during the policy term are paid in addition to the sum assured.

If the policy is in force and the Life Insured survives to the Maturity Date of the policy, then the maturity benefit equal to Sum Assured on Maturity will be payable which is 100 % of Single Premium along with Total Guaranteed Additions accrued during the Policy Term (excluding Mortality Premium, if any).

Not exact matches

While initial premiums are higher than with a typical term policy, it is possible for coverage to continue until death of the insured, and cash value may accrue in the policy on a tax - deferred basis that can be used to help meet financial needs during your life.

The rate of Guaranteed Additions will depend upon the policy term and will accrue during the first 5 years of the policy.

In case of your unfortunate demise during the policy term, your family will receive Death Sum Assured * + Accrued Guaranteed Additions + Accrued Reversionary Bonuses (including any guaranteed addition and bonus pertaining to policy year of death) and terminal bonus, if any and the policy gets terminated immediately.

On death of the life Assured during the policy term, total of the following becomes payable in lump sum: 100 % of Sum Assured, irrespective of survival benefits already paid plus accrued bonuses declared till death.

Simple Reversionary Bonuses will be declared during the policy term, starting from first policy year, which shall accrue at the end of each year.

Should Akash die due to an accident during the policy term, the nominee will receive the death sum assured (which is 125 % of Rs. 3,00,000), the additional accident sum assured (Rs. 3,00,000) as well as the accrued bonus.

If Akash dies during the term of the policy, his nominee will receive the death sum assured, which is 125 % of the basic sum assured (i.e. 125 % of Rs. 3,00,000) as well as the accrued bonus.

Classic: Under this option, if the insured dies during the policy term, the insured shall be paid basic death benefit plus accrued guaranteed additions plus accrued bonuses, if any

If all due premiums are paid, then, in case of Accidental Permanent Total Disability of the Life Assured during the policy term, the policy will be converted to a fully paid - up policy and will continue to accrue all future GA, and Vested Bonus and Terminal Bonus, if any.

In any event, a term rider can be utilized to add additional death benefit during the time that the whole life policy death benefit is accruing and this term rider can drop off at a later date.

Scenario B: Mukesh dies during the Term of the Policy In the event of the demise of Mukesh during the policy term, Entire Sum Assured plus accrued Guaranteed Additions are payable to the nomiTerm of the Policy In the event of the demise of Mukesh during the policy term, Entire Sum Assured plus accrued Guaranteed Additions are payable to the noPolicy In the event of the demise of Mukesh during the policy term, Entire Sum Assured plus accrued Guaranteed Additions are payable to the nopolicy term, Entire Sum Assured plus accrued Guaranteed Additions are payable to the nomiterm, Entire Sum Assured plus accrued Guaranteed Additions are payable to the nominee.

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.

Scenario II: Rohtash dies during the Term of the Policy On the unfortunate demise of the life insured, the sum of total premiums paid (compounded monthly at 1 % p.a interest), accrued guaranteed additions and accrued bonuses are payable.

On the death of the life insured during the policy term, a death benefit is payable is Guaranteed Death Benefit + Accrued Paid - Up Additions (if any) + Terminal Bonus (if any).

The policyholder can decide to withdraw his savings anytime during the Flexi benefit period (that is, the last 10 years of the policy term) and avail the maturity benefits (100 per cent of sum assured plus accrued reversionary bonus till date plus terminal bonus, if any).

Scenario B: Aditya dies during the Term of the Policy In the event of the demise of Aditya during the policy term, his nominee will receive the sum of all premiums plus accrued bonuTerm of the Policy In the event of the demise of Aditya during the policy term, his nominee will receive the sum of all premiums plus accrued boPolicy In the event of the demise of Aditya during the policy term, his nominee will receive the sum of all premiums plus accrued bopolicy term, his nominee will receive the sum of all premiums plus accrued bonuterm, his nominee will receive the sum of all premiums plus accrued bonuses.

The bonus will be applied on the Sum Assured along with the bonuses already accrued under the policy and are guaranteed during the policy term in the event of death and maturity.

On the death during the term of the policy, the following benefits will be paid - Guaranteed Death Benefit + Accrued Paid - up Additions (if any) + Terminal Bonus.

In the event of demise of Mr. Kumar during the policy term due to an accident, Rs 5,32,407 plus accrued reversionary bonuses plus accrued guaranteed additions, and terminal bonus is payable.

On the death of the life insured during the policy term in an active policy, the payout to the nominee will be higher of Sum assured plus accrued bonuses or 105 % of all premium paid till date.

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.

Death of the Policyholder — If Mr.Shukla dies during the policy term, then he will receive sum assured + accrued bonus after which the policy will be terminated.

In case of death of the life insured during the term of the policy, the death benefit payable is Sum Assured on Death plus accrued reversionary bonuses plus terminal bonus, provided all the premiums have been paid.

Scenario B: Raman dies during the Term of the Policy In the event of demise of Mr. Raman during the policy term, Rs 5,00,000 plus accrued Reversionary bonuses and Terminal bonus is payable to the nominee Benefit Illustration: Note: The assumed non-guaranteed rates of return as shown in the above illustration are @ 4 % per annum & 8 % per anTerm of the Policy In the event of demise of Mr. Raman during the policy term, Rs 5,00,000 plus accrued Reversionary bonuses and Terminal bonus is payable to the nominee Benefit Illustration: Note: The assumed non-guaranteed rates of return as shown in the above illustration are @ 4 % per annum & 8 % per Policy In the event of demise of Mr. Raman during the policy term, Rs 5,00,000 plus accrued Reversionary bonuses and Terminal bonus is payable to the nominee Benefit Illustration: Note: The assumed non-guaranteed rates of return as shown in the above illustration are @ 4 % per annum & 8 % per policy term, Rs 5,00,000 plus accrued Reversionary bonuses and Terminal bonus is payable to the nominee Benefit Illustration: Note: The assumed non-guaranteed rates of return as shown in the above illustration are @ 4 % per annum & 8 % per anterm, Rs 5,00,000 plus accrued Reversionary bonuses and Terminal bonus is payable to the nominee Benefit Illustration: Note: The assumed non-guaranteed rates of return as shown in the above illustration are @ 4 % per annum & 8 % per annum.

On the death of the life insured during the policy term, a Guaranteed Death Benefit is payable which is Highest of any of the Sum Assured plus accrued Guaranteed Additions and Bonuses, Guaranteed maturity benefit plus accrued Guaranteed Additions and Bonuses or Minimum Death Benefit.

In case of the unfortunate event of the death of the life insured during the policy term, the death benefit payable to the nominee shall be Sum Assured on Death; plus Accrued Bonuses as of date of death; plus Terminal Bonus (if any).

Accidental death of the policyholder — If Mr.Shukla meets with an accident during the policy term, then he will receive the sum assured + additional accidental sum assured + accrued bonus.

On survival of the life insured during the policy term, 100 % of Sum Assured plus accrued reversionary bonuses plus terminal bonus is payable, provided all the premiums have been paid.

In the event of demise of Mr. Kumar during the policy term, Rs 5,32,407 plus accrued reversionary bonuses plus accrued guaranteed additions, and terminal bonus is payable.

In the event of death of the insured during the term of the policy, the Death Benefit payable is sum of Death Sum Assured, Accrued Reversionary Bonuses, and Interim and Final Bonus.

In the event of death of the insured during the policy term, Death Sum Assured plus Accrued Annual Guaranteed Additions is payable.

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

Scenario B: Mr. Gupta dies during the Term of the Policy In the event of unfortunate demise of Mr. Gupta in the 3rd policy year after payment of 3 years» premiums, his family will receive a lump sum amount of Rs 1,014,000, Guaranteed Sum Assured on maturity equal to Rs 2,00,000 along with accrued Annual bonuses and Final bonus, is payable on matPolicy In the event of unfortunate demise of Mr. Gupta in the 3rd policy year after payment of 3 years» premiums, his family will receive a lump sum amount of Rs 1,014,000, Guaranteed Sum Assured on maturity equal to Rs 2,00,000 along with accrued Annual bonuses and Final bonus, is payable on matpolicy year after payment of 3 years» premiums, his family will receive a lump sum amount of Rs 1,014,000, Guaranteed Sum Assured on maturity equal to Rs 2,00,000 along with accrued Annual bonuses and Final bonus, is payable on maturity.

If Mr. Raman dies during the policy term, his nominee will receive Rs 5 Lacs along with accrued Guaranteed additions (GA) plus vested Compound Reversionary Bonus and Terminal Bonus is payable.

In case of an unfortunate demise of the life Insured during the policy term, Sum Assured on death along with accrued Guaranteed additions (GA) plus vested Compound Reversionary Bonus and Terminal Bonus is payable.

In the event of death of the insured during the term of the policy, Death Sum Assured along with Accrued Reversionary Bonus and Final Bonus is payable to the nominee / legal heir, provided the policy is in force.

In case of an unfortunate demise of the life Insured during the policy term, Sum Assured on death along with accrued Guaranteed Additions, plus vested Compound Reversionary Bonus and Terminal Bonus is payable.

But if Sagar dies during the policy term, his beneficiaries will get the sum assured (the amount of which varies from plan to plan) beside additional sum assured and accrued bonus.

Case 2: Mr. Kumar dies during the Policy Term In the event of demise of Mr. Kumar during the 15th policy year, from the end of the 10th year to the 14th policy year, he will receive Guaranteed Money Back payouts and after death, his nominee will receive higher of 10 times the Annualized Premium or Sum Assured plus accrued reversionary bonus plus terminal Policy Term In the event of demise of Mr. Kumar during the 15th policy year, from the end of the 10th year to the 14th policy year, he will receive Guaranteed Money Back payouts and after death, his nominee will receive higher of 10 times the Annualized Premium or Sum Assured plus accrued reversionary bonus plus terminal policy year, from the end of the 10th year to the 14th policy year, he will receive Guaranteed Money Back payouts and after death, his nominee will receive higher of 10 times the Annualized Premium or Sum Assured plus accrued reversionary bonus plus terminal policy year, he will receive Guaranteed Money Back payouts and after death, his nominee will receive higher of 10 times the Annualized Premium or Sum Assured plus accrued reversionary bonus plus terminal bonus.

If Mr. Raman dies during the policy term, his nominee will receive Rs 5 Lacs along with accrued Guaranteed Additions, plus vested Compound Reversionary Bonus and Terminal Bonus.

In the event of death of the insured during the term of the policy, Death Sum Assured plus Accrued Reversionary Bonuses plus Interim Bonus plus Final Bonus is payable.

On the occurrence of the demise of the life assured during the term of the policy, the death benefit payable is higher of 105 % of the total premiums paid, or sum assured on death plus accrued guaranteed yearly additions plus vested compound reversionary bonus plus terminal bonus.

Scenario B: Raman dies during the Term of the Policy In the event of demise of Mr. Raman during the 2nd policy term, the higher of Death Sum Assured plus Accrued Compounded Reversionary Bonuses plus Terminal Bonus or 105 % of all the premiums pTerm of the Policy In the event of demise of Mr. Raman during the 2nd policy term, the higher of Death Sum Assured plus Accrued Compounded Reversionary Bonuses plus Terminal Bonus or 105 % of all the premiumsPolicy In the event of demise of Mr. Raman during the 2nd policy term, the higher of Death Sum Assured plus Accrued Compounded Reversionary Bonuses plus Terminal Bonus or 105 % of all the premiumspolicy term, the higher of Death Sum Assured plus Accrued Compounded Reversionary Bonuses plus Terminal Bonus or 105 % of all the premiums pterm, the higher of Death Sum Assured plus Accrued Compounded Reversionary Bonuses plus Terminal Bonus or 105 % of all the premiums paid.

On the death of Raman during the policy term, the death benefit payable is Sum Assured on Death plus accrued Guaranteed Additions.

Scenario B: Raman dies during the Term of the Policy In the event of demise of Mr. Raman during any policy year, the nominee will receive Sum Assured on Death + Accrued Guaranteed Additions + Accrued Reversionary Bonuses + Interim bonus + Terminal bonus or 105 % of premiums paid as on the date of Policy In the event of demise of Mr. Raman during any policy year, the nominee will receive Sum Assured on Death + Accrued Guaranteed Additions + Accrued Reversionary Bonuses + Interim bonus + Terminal bonus or 105 % of premiums paid as on the date of policy year, the nominee will receive Sum Assured on Death + Accrued Guaranteed Additions + Accrued Reversionary Bonuses + Interim bonus + Terminal bonus or 105 % of premiums paid as on the date of death.

In case of an unfortunate event of death of the Life Insured during the Policy Term, the sum of benefits will be payable to the nominee which is Basic Life Insurance Cover + Accrued Non-Guaranteed Annual Simple Reversionary Bonus + Non-Guaranteed Terminal Bonus accrued tillAccrued Non-Guaranteed Annual Simple Reversionary Bonus + Non-Guaranteed Terminal Bonus accrued tillaccrued till death.

Reversionary Bonus during PPT (RB1): It accrues every year from the first policy year till the end of premium paying term and is payable on death or at the end of premium paying term, whichever is earlier.

Scenario B: Raman dies during the Term of the Policy In the event of demise of Mr. Raman during any policy year, the nominee will receive higher of Sum Assured on Death + Accrued Reversionary Bonuses + Interim Bonus + Terminal Bonus or 105 % of premiumsPolicy In the event of demise of Mr. Raman during any policy year, the nominee will receive higher of Sum Assured on Death + Accrued Reversionary Bonuses + Interim Bonus + Terminal Bonus or 105 % of premiumspolicy year, the nominee will receive higher of Sum Assured on Death + Accrued Reversionary Bonuses + Interim Bonus + Terminal Bonus or 105 % of premiums paid.