Not exact matches
You must be currently insured to be eligible for disability
benefits and,
upon your
death, for your surviving spouse to receive the $ 255
death benefit and Mother's / Father's
benefits along with any surviving dependent children's
benefits.
While once
upon a time there were few reasons to purchase a deferred annuity besides the preferential tax - deferral treatment, since the early 2000s annuities has been increasingly popular for their guaranteed living
benefit riders,
along with enhanced
death benefit, unique investment features (in the case of certain equity - indexed annuities), or outright superior fixed income yields (
with some fixed annuities).
The premium payable amount of the Jeevan Sangam Plan depends
upon the age of the policyholder, the maturity sum assured amount selected and needs which change from time to time The plan is also providing a
death benefit that would be ten times of the tabular single premium
along with some loyalty addition.
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 any.