Sentences with phrase «amount after the death of the policy holder»

Not exact matches

Like any other Life Insurance, here also you will get assured sum after maturity and in case of death of the policy holder the nominee will be benefited by the amount.

Premium, it is the amount paid to the companies for an agreed amount of time to ensure that beneficiaries receive the insurance claim after the death of the policy holder.

[x] An insurance where there is an agreement between the insurer and the insured, where the insurer (insurance company) agrees to pay a certain amount of money in the event of death of the policyholder or to the policy holder after a certain period of time.

After the time has elapsed, policy holders have the option of keeping the coverage as an annually renewable plan, which provides a level amount of death benefit until the insured turns age 98.

LIC agent has approached me for new endowment plan for 16 years, sum assured Rs. 9,00,000, premium is Rs. 60,000 pa, maturity benefits is Rs. 21,24,187 after maturity if I opt for pension plan Rs. 16,197 pm till the death of policy holder at his death maturity benefit amount will be paid to nominee.

On death before the beginning of risk, an amount equivalent to the policy holder's fund value will be payable, whereas on death after the date of beginning of risk, an amount equivalent to the higher of sum assured or policy holder's fund value to be paid.

Types of Life Insurance The amount of claim benefits a beneficiary gets after the death of the policy holder varies on the type of policy he or she purchased.

This benefit of amount is generally applicable after the maturity of the policy, but even at cases of death of the policy holder and sometimes during critical illnesses.

Like other plans here also you will get assured sum after maturity and in the case of the death of the policy holder the nominee will be benefited by the sum assured amount.

Insurance21 Replied: 16-06-2017 09:46:42 In New Jeevan Anand 815, in case of death after maturity, policy holder's nominee will get an amount equal to sum assured as death claim amount.

In option 10, after death of policy holder, his or her spouse gets the same pension amount where as this benefit is not avalable in option 6.

After the death of policy holder, how much amount will be returned?