Sentences with phrase «alive till the end of the policy»
Myth 2: - Life insurance is only a waste of money: A term insurance policy provides a pure life cover and thus, it does not provide any benefit if you are alive till the end of the policy term.
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If he remains alive till the end of the policy term then he will only get the basic sum assured + LA.
2) Maturity Benefit: An investor who is alive till the end of the policy period would get the fund value as maturity amount.
Not exact matches
Option 3 — Anant survives till 5 years of age When the policy term ends and Anant is alive, no benefit is paid as it is a term plan.
In this Plan, there is a Guaranteed Monthly Income for a period of 15 years or till then end of the Policy Tenure, whether the Life Insured is alive or not.
It is a Monthly Income Plan where there is a Guaranteed Monthly Income for a period of 15 years or till then end of the Policy Tenure, whether the Life Insured is alive or not