Sentences with phrase «active till maturity»

In addition, after making first claim, all the future premiums will be waived off keeping the policy active till maturity.

Not exact matches

Guaranteed Money Back Option: If the policy is active and all premiums are paid till the premium payment term ends, a percentage of the sum assured on maturity will be paid at the end of year.

Classic Waiver: Death benefit will be higher of sum assured or 105 % of all premium paid till the date of death plus future premium will be paid by the company as policy remains active plus fund value will be paid at the time of maturity

So, while maturity benefit is paid out at a certain age, say 80, even if the insured person lives to say 90 years, insurance cover will remain active till he is alive, and when he dies, his nominee gets the death benefit.