Sentences with phrase «as lumpsum benefit»

Under this option, the claim is paid as a lumpsum benefit is paid on the survival of life insured for 28 days after the date of the confirmed diagnosis.

Post hospitalization expenses are covered for the specified limit mentioned in the policy and is paid as lumpsum benefit.

These plans offer sum part of the sum assured to be taken at the time of death as lumpsum benefits and the remaining as monthly income benefits for a specified period of time to the nominees as per the plan specifications.

Not exact matches

But returns are mentioned as Income benefit — 50000 PA for first 5 years and 1lakh for next 5 year then 6.81 Lakh as Lumpsum at the end of 10 year pay out.

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.

Lumpsum plus Monthly Income: Half of the death benefit will be paid out as lumpsum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15Lumpsum plus Monthly Income: Half of the death benefit will be paid out as lumpsum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15lumpsum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15 years.

Lumpsum: The entire death benefit will be paid out as a lumpsum amount to secure your family's financial Lumpsum: The entire death benefit will be paid out as a lumpsum amount to secure your family's financial lumpsum amount to secure your family's financial future.

The lumpsum that your family will get as death benefit can bring financial stability and pay off the liabilities.

^ On survival, at the end of the policy term, receive lumpsum benefit as aggregate of: i) Sum Assured of Maturity ii) Accrued Guaranteed Additions.

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.

Lumpsum: When one opts for lump sum payout option, the nominee receives the death benefit as lump sum one - time pay.

Extra Life Option (Accidental Death Benefit): In case policy holder dies due to an accident, death benefit is paid as lumpsum along with extra sum Benefit): In case policy holder dies due to an accident, death benefit is paid as lumpsum along with extra sum benefit is paid as lumpsum along with extra sum assured

Furthermore, it provides four flexible options to ensure you have an ideal cover as per your health needs, ensures lumpsum payout on diagnosis, has an in - built death benefit, ensures high cover at low premium, and offers various other benefits.

You can choose the death benefit payout options as lumpsum or income along with the number of months you want the death benefit to be paid and also between equal or increasing monthly sums compounded @ 5.00 % per annum.

Lumpsum + Increasing Monthly Income Benefit: This benefit assures a 10 % of the death benefit at the time of death and the remaining as monthly income over a period of 15Benefit: This benefit assures a 10 % of the death benefit at the time of death and the remaining as monthly income over a period of 15benefit assures a 10 % of the death benefit at the time of death and the remaining as monthly income over a period of 15benefit at the time of death and the remaining as monthly income over a period of 15 years.

Lumpsum + Fixed Monthly Income Benefit: This option shall help the nominee to receive 10 % of the death benefit at the time of death and remaining amount as part of regular monthly income over a period of 1Benefit: This option shall help the nominee to receive 10 % of the death benefit at the time of death and remaining amount as part of regular monthly income over a period of 1benefit at the time of death and remaining amount as part of regular monthly income over a period of 15 years

Education Support Benefit: To support child's education and important milestones, after the death of the policyholder, the fund value will not be paid as a lumpsum amount at the time of maturity.

When the policyholder will be diagnosed with either of the 7 critical illnesses, the critical illness benefit shall be paid as a lumpsum and if that amount is less than the base sum assured, the policy will continue with lesser death sum assured.

But returns are mentioned as Income benefit — 50000 PA for first 5 years and 1lakh for next 5 year then 6.81 Lakh as Lumpsum at the end of 10 year pay out.

This lumpsum amount you receive as a critical illness benefit can be utilized for your advanced medical treatment, paying your EMIs / loans, household expenses, etc..

Part of the benefit is paid as lumpsum and the rest of the amount is paid as monthly payouts.

At the time of maturity, the policyholder can choose to receive the fund value as maturity benefit at one go in one lumpsum amount or receive it in instalments over a period of 5 years after maturity

Customers are advised to choose the lumpsum benefit option rather than the regular income option), as this money could be invested in a portfolio of instruments that could potentially generate higher returns than the regular income option would provide.

In the event of Amar's death, 10 % of the death benefit (Rs. 5 lakhs) will be paid as lumpsum to Amar's family members.

Even during the Payout Period, you will have an option to receive the present value of the outstanding Survival Benefit as lumpsum (Commutation Option).

3) New Settlement Option in this plan makes this plan as unique where one can get the death benefit or maturity benefit in installments instead of lumpsum amount

In case of death of the Annuitant within the Policy Tenure, the nominee will receive 101 % of Total Premiums paid till date + Bonuses, subject to a minimum of 105 % of total premiums paid till date as Death Benefit which can be taken by the nominee as a lumpsum or as annuity.

While receiving the Death Benefit in monthly installments, the beneficiary can also choose at a future date to commute all outstanding payouts and receive the present value of future outstanding payouts as a lumpsum as provided under the commutation option.

50 % of Guaranteed Death Benefit payable is payable as lumpsum and an assured monthly income for the next 5 years.

In case of unfortunate death of the life insured, Sum Assured on Death plus Vested Simple Reversionary Bonuses plus Terminal Bonus is payable as a lumpsum death benefit and the policy then terminates.

Under this benefit, the insured has the flexibility to split the life cover amount for the nominee to receive as lumpsum and the remaining life cover will be paid in equal monthly payments for 10 years.

Scenario II: In case of demise of Rajeev during the 6th policy year, the nominee receives a benefit of Rs 2,29,660 as lumpsum, and the policy then terminates.

Under Assure variant, death benefit is payable as a lumpsum and the policy will terminate on death of the life insured.

* you can take the entire amount as lumpsum or take a part as lumpsum and part as family income benefit

Lumpsum plus Monthly Income: Half of the death benefit will be paid out as lumpsum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15Lumpsum plus Monthly Income: Half of the death benefit will be paid out as lumpsum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15lumpsum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15 years.

In case of death of the Annuitant within the Policy Tenure, the higher of Fund Value or 101 % of single premium + Top Up (if any) is accumulated as Death Benefit which can be taken by the nominee as a lumpsum or as annuity.

The nominee may choose to receive the entire benefit as a lumpsum or utilize the same, partially or fully to purchase Immediate Annuity.

In the event of death, your nominee will have the flexibility to receive the death benefit as lumpsum or purchase annuity

If the Annuitant dies within the policy tenure, the higher of Fund Value or 101 % of single premium + Top Up (if any) is accumulated as Death Benefit which can be taken by the nominee as a lumpsum or as annuity

In case of death of the Annuitant within the Policy Tenure, the nominee will receive the Total Premiums paid to date accumulated at a Guaranteed Rate of 6 % p.a. compounded annually as Death Benefit which can be taken by the nominee as a lumpsum or as annuity and the policy terminates.

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a Lumpsum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have beeBenefit (as chosen during inception) will be payable to you as a Lumpsum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have beebenefit payout option chosen, subject to policy being in force and all due premiums have been paid.

In case of death of Mr.Ramesh, his family would get lumpsum of Rs1 Crore as death benefit plus Rs 40,000 every month for next 10 years.