Sentences with phrase «as death benefit to your nominees»

On the insured's death, the basic sum assured is paid as the death benefit to the nominee and the plan terminates.

There is a guaranteed sum assured along with bonuses which would be given in lump sum as the death benefit to your nominees.

If all due premiums are paid, then, in case of unfortunate death of the life assured during the policy term, the Sum Assured on Death as mentioned below will be payable as death benefit to the nominee:

In the event of demise of Mr. Raman during the 8th policy year, a lump sum amount of Rs 5 Lacs plus Accrued Guaranteed Loyalty Additions is payable as the death benefit to the nominee.

In the event of demise of Mr. Raman during any policy year, Rs 2 Lacs plus vested Simple Reversionary Bonuses and Final Additional bonus is payable as the death benefit to the nominee.

- In case the life insured dies within the policy tenure then the prevailing sum assured as on the date of death will be payable as Death Benefit to the nominee and the policy will terminate immediately.

In the event of demise of Mr. Raman during the 8th policy year, a lump sum amount of Rs 20 Lacs or above is payable as the death benefit to the nominee.

In the event of demise of Mrs. Riya during any policy year, Rs 2 Lacs plus vested simple reversionary bonuses plus terminal bonus or 105 % of the total premiums paid is payable as the death benefit to the nominee.

In the event of demise of Mr. Raman during the 15th policy year, the sum assured amount of Rs 10.8 Lacs plus assured additions accrued is payable as the death benefit to the nominee.

In the event of demise of Mr. Raman during the 3rd policy year, a lump sum amount of Rs 5.5 Lacs is payable as the death benefit to the nominee.

After death of the policyholder during the policy term, the policy is terminated after paying the sum assured as a death benefit to the nominee.

In the event of demise of Mr. Raman during the 15th policy year, a lump sum amount of Rs 10 Lacs or above plus guaranteed accrual additions is payable as the death benefit to the nominee.

Not exact matches

Death Benefit — When the policyholder dies, 100 % of the sum assured is paid out to the nominees as a death benefit, irrespective of survival benefits already Death Benefit — When the policyholder dies, 100 % of the sum assured is paid out to the nominees as a death benefit, irrespective of survival benefits alreadBenefit — When the policyholder dies, 100 % of the sum assured is paid out to the nominees as a death benefit, irrespective of survival benefits already death benefit, irrespective of survival benefits alreadbenefit, irrespective of survival benefits already paid.

Family Care Benefit, is a unique proposition by way of which, a part of the life insurance benefit i.e. Rs 100,000 is paid as a lumpsum to the nominee in case of death of the life insured, within 48 hours ** of submission of all relevant claim docBenefit, is a unique proposition by way of which, a part of the life insurance benefit i.e. Rs 100,000 is paid as a lumpsum to the nominee in case of death of the life insured, within 48 hours ** of submission of all relevant claim docbenefit i.e. Rs 100,000 is paid as a lumpsum to the nominee in case of death of the life insured, within 48 hours ** of submission of all relevant claim documents.

As per Insurance Laws (Amendment) Act, 2015 — If an immediate family member such as spouse / parent / child is made as the nominee, then the death benefit will be paid to that person and other legal heirs will not have a claim on the moneAs per Insurance Laws (Amendment) Act, 2015 — If an immediate family member such as spouse / parent / child is made as the nominee, then the death benefit will be paid to that person and other legal heirs will not have a claim on the moneas spouse / parent / child is made as the nominee, then the death benefit will be paid to that person and other legal heirs will not have a claim on the moneas the nominee, then the death benefit will be paid to that person and other legal heirs will not have a claim on the money.

On death of the policyholder, an amount which will be higher of the fund value as on the date of death or the Guaranteed Death Benefit is payable to the nomdeath of the policyholder, an amount which will be higher of the fund value as on the date of death or the Guaranteed Death Benefit is payable to the nomdeath or the Guaranteed Death Benefit is payable to the nomDeath Benefit is payable to the nominee.

These term plans are called level term plans in industry parlance as the nominees receive the same level of death benefit if the worst comes to pass during the tenure of the term policy.

The nominee can avail the death benefit in lump sum or choose to receive the monthly Family Income Benefit of 1.5 % of the Sum Assured as and when it accrues, i.e. following the date of death of the insured till the end of the benefit in lump sum or choose to receive the monthly Family Income Benefit of 1.5 % of the Sum Assured as and when it accrues, i.e. following the date of death of the insured till the end of the Benefit of 1.5 % of the Sum Assured as and when it accrues, i.e. following the date of death of the insured till the end of the tenure.

The policy offers the Sum Assured as the Death Benefit, which is paid to the nominee, thus protecting the loved ones in case of the sad demise of the policyholder.

However, as per the succession laws, if a nominee is also a legal heir, he or she will be entitled to the share of the death benefit.

The nominee receives the Assured Sum as the Death Benefit; this works as a protective shield for the nominees in situations when the policyholder is no longer around to help them.

The fixed amount paid by latter to the former is referred to as the premium payment and the lump - sum amount paid to the nominee in the event of the death of the latter if referred to as the death benefit.

Death benefit is paid as the total sum assured amount to the nominee of the policy in case of uncertain demise of the insured person of the policy.

If the insured person dies during the tenure of the policy, then the death benefit is paid to the nominee of the policy i.e. the child as the sum assured amount, which is 105 % of the total premium paid till demise.

Upon your demise before the end of the policy term (99 years), the sum assured will be paid to your nominee as the death benefit

The annuity will be payable in arrears post deferment period as per payment frequency chosen by you, for as long as either of the primary or the secondary annuitant is alive.Death benefit is payable as a lumpsum to the nominee, on later of the deaths of the two annuitants.

• On death of the annuitant, death benefit is payable as lumpsum to the nominee and no further amount will be payable.

Your nominee also has an option to take the Death Benefit as a lump sum benefit which is equal to outstanding monthly payouts discounted at 6.25 % per annum compounded Benefit as a lump sum benefit which is equal to outstanding monthly payouts discounted at 6.25 % per annum compounded benefit which is equal to outstanding monthly payouts discounted at 6.25 % per annum compounded yearly.

His wife, who is his nominee, receives the Death Benefit which is highest of the Base Sum Assured or Base Fund Value or 105 % of the premiums paid, plus an additional amount equal to Sum Assured as an accidental death benefit, as shown bDeath Benefit which is highest of the Base Sum Assured or Base Fund Value or 105 % of the premiums paid, plus an additional amount equal to Sum Assured as an accidental death benefit, as shownBenefit which is highest of the Base Sum Assured or Base Fund Value or 105 % of the premiums paid, plus an additional amount equal to Sum Assured as an accidental death benefit, as shown bdeath benefit, as shownbenefit, as shown below.

Option A - Lump sum Protection Under this option, the Death Benefit shall be paid to the nominee as a lump sum in the event of dDeath Benefit shall be paid to the nominee as a lump sum in the event of deathdeath.

In the event of death during the payout period, regular instalments as per the Maturity Benefits will be paid to the nominee.

Option B - Income Protection Under this option, the Death Benefit shall be payable as Monthly Income (payouts made each month) to your nominee during the payout period as chosen by you at inception of policy.

This is a dual death benefit plan under which a complete sum assured is paid in the first option and in the second option after death of the insured, the insurance company pays 50 % of the total sum assured immediately to the nominee of the insured and the remaining amount is paid monthly as a regular income at 3 %.

Death Benefit: The death benefit shall be payable to the nominee as per the payout option chosen based on the type of Death Benefit: The death benefit shall be payable to the nominee as per the payout option chosen based on the type oBenefit: The death benefit shall be payable to the nominee as per the payout option chosen based on the type of death benefit shall be payable to the nominee as per the payout option chosen based on the type obenefit shall be payable to the nominee as per the payout option chosen based on the type of plan.

(However, as per Insurance Laws (Amendment) Act, 2015 — If an immediate family member such as spouse / parent / child is made as the nominee, then the death benefit will be paid to that person and other legal heirs will not have a claim on the money)

The nominee has the option at the time of claim settlement to take lump sum Death Benefits as the discounted value of outstanding instalments.

Edelweiss Tokio pays the death benefit to the nominee as per the payout option chosen at the time of application.

Premium Payable: As per the choices made above, his annual premium works out to 6,950 # (excluding taxes) Benefit Payable: And If Krish's death occurs in the 2 policy year after paying his premium for initial 2 years, the benefit payable to Krish's nominee (s) wBenefit Payable: And If Krish's death occurs in the 2 policy year after paying his premium for initial 2 years, the benefit payable to Krish's nominee (s) wbenefit payable to Krish's nominee (s) will be:

If the policyholder chooses this option then the Death Benefit as specified above is paid to the nominee in the following manner:

If the insured has been injured or expires as a result of an accident, this rider provides an additional death or disability benefit to the nominee or the insured.

Although it is not mandatory to register a nominee, one can not overlook the importance of life insurance nominee as it prevents disputes and facilitates quicker claims processing, ensuring the beneficiary receives the death benefits without hassles.

These features make endowment plan more preferable for risk - averse investors as it also provides maturity benefit apart from death benefit offered to the nominee of the policy in case of an eventuality.

Term insurance, as the name suggests, is valid for a specific period of time and offers death benefit to the nominee in the event of the death of insured.

If the life insured dies within the policy tenure, the entire Sum Assured + accrued Bonuses would be paid to the nominee as Death Benefit

The riders available of money back policy are as follows: • Critical Illness rider: This rider offers a guaranteed sum if the Insured is diagnosed with some critical illness including major organ failure, coronary diseases, different types of cancer etc. • Accident rider: In case the policy holder's unexpected death due to accident the nominee receives a sum assured • Disability benefit rider: This type is rider helps in case the policy holder is left paralyzed due to some major accident in his life.

In case of death of the life insured within the policy tenure, the Sum Assured is paid to the nominee as death benefit and the policy terminates and nothing further is payable

Endowment Plans without Bonus Benefits: These are typically low - cost policies as they do not have any bonus benefits and provide only the assured sum amount to the nominees in the case of the insured'Benefits: These are typically low - cost policies as they do not have any bonus benefits and provide only the assured sum amount to the nominees in the case of the insured'benefits and provide only the assured sum amount to the nominees in the case of the insured's death.

A specified amount of death benefit will be paid to the nominee immediately as death occurs.

If the policyholder dies within the policy tenure, the Sum Assured is paid to the nominee as death benefit and the policy terminates

In case of unfortunate death of the life assured during the policy term, provided all the due premiums have been paid under the policy, the death benefit payable to the nominee shall be as follows