Sentences with phrase «assured as a death benefit»

In case of your unfortunate death during the term of your life insurance policy, your nominee will receive the sum assured as the death benefit.

In the unfortunate event of the demise of the person insured, the nominee receives the Sum Assured as the Death Benefit.

Death Benefit: On the unfortunate demise of the life insured, the insurer pays out the sum assured as the death benefit along with the accrued additional bonuses.

The nominee receives the Sum Assured as the Death Benefit, thus protecting the loved ones in case of the sad demise of the policyholder.

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.

In the unfortunate event of the demise of the policyholder, the nominee receives the Sum Assured as the Death Benefit.

2) In the case of demise of the life insured the sum assured as death benefit will be paid and the policy will be terminated.

• Income on death: In case of the policy holder's death the beneficiary will receive the sum assured as death benefit.

The beneficiary receives the sum assured as the death benefit, in the event of the demise of the insured.

When you buy a ULIP, your family is promised a sum assured as a death benefit, if due to unfortunate circumstances you die in the near future.

The policy promises entire sum assured as a death benefit along with accrued bonuses regardless of the amount of survival benefit already paid.

o Level Term Assurance: In the event of death, the nominee receives the opted sum assured as a death benefit proceeds and policy terminates thereafter.

In the event of death, of life insured the nominees are paid sum assured as a death benefit payout and the policy terminates.

However, if the parent i.e. the Life Insured dies within the policy tenure, the nominee or the child would receive the Sum Assured as Death Benefit and the future premiums would be paid by the insurer such that the Fund Value is paid as the Maturity Benefit to the nominee when the policy matures.

This Plan offers Double Sum Assured as Death Benefit after completion of 5 Policy Years.

In case of death of the Life Insured within the Policy Tenure, the nominee gets the higher of the Fund Value or the Sum Assured as Death Benefit, subject to a minimum amount of 105 % of the total Premium paid and the policy terminates

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.

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.

This Non guaranteed benefit (as percentage of Sum Assured on Maturity) is paid out as a cash bonus every year starting from the 6th Policy year, until maturity or death, whichever is earlier.

Non-guaranteed benefit (as percentage of Sum Assured on Maturity) is paid out as a cash bonus every year starting from the end of the 6thPolicy year, until Maturity or death, whichever is earlier.

2) Bharti AXA Life Accidental Death Benefit Rider (UIN: 130B008V01): Under this rider you will receive additional sum assured as chosen in case of unfortunate event of death due to an acciDeath Benefit Rider (UIN: 130B008V01): Under this rider you will receive additional sum assured as chosen in case of unfortunate event of death due to an accideath due to an accident.

Death Benefit - In case of uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus ifDeath Benefit - In case of uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus Benefit - In case of uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus ifdeath benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus if any.

Fund Value means the market value of the units as on date of Intimation excluding sum assured and any other death benefit after deducting applicable charges as per «policy bond» as on date of Intimation.

Barring LIC's Wealth Plus plan that is a type II ulip and offers both sum assured and fund value, other policies offer just the fund value as a death benefit.

Highlights of term insurance plans • Upon the death of the insured before the end of the Policy Term, the Death Sum Assured will be paid as the death benefit to the beneficdeath of the insured before the end of the Policy Term, the Death Sum Assured will be paid as the death benefit to the beneficDeath Sum Assured will be paid as the death benefit to the beneficdeath benefit to the beneficiary.

Under the added paid - up options the policyholders are allowed to get their paid - up additions using their bonuses which would accumulate in their plan making this plan an additional guaranteed assured - sum which is paid as maturity or death benefits.

The death benefit is referred to as the total amount of sum assured together with the bonus (if any) is paid to the beneficiary of the policy in case of any eventuality or uncertain demise of the policyholder.

There is an option of adding the Income Benefit Rider wherein, in case of death of the insured, 10 % of the rider Sum Assured will be paid to the beneficiary every year post death till the maturity of the plan in addition to the death benefit payable asBenefit Rider wherein, in case of death of the insured, 10 % of the rider Sum Assured will be paid to the beneficiary every year post death till the maturity of the plan in addition to the death benefit payable asbenefit payable as above.

The Guaranteed Death Benefit is defined as higher of 11 times the annual premium or 105 % of the total premiums paid till the date of death or the Guaranteed Maturity Sum Assured chosen at the time of inception of the Death Benefit is defined as higher of 11 times the annual premium or 105 % of the total premiums paid till the date of death or the Guaranteed Maturity Sum Assured chosen at the time of inception of the death or the Guaranteed Maturity Sum Assured chosen at the time of inception of the plan.

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 sum assured amount is immediately paid out to the beneficiary as death benefit in case of demise of the life assured.

In the event of the passing away of the person insured, the nominee receives the Sum Assured plus Guaranteed Additions as part of the Death Benefit.

The death benefit includes Death Sum Assured, Additional Annual payouts as opted and other Scheduled Annual Paydeath benefit includes Death Sum Assured, Additional Annual payouts as opted and other Scheduled Annual PayDeath Sum Assured, Additional Annual payouts as opted and other Scheduled Annual Payouts.

The Death Benefit is equal to the Sum Assured and paid as a lump sum amount.

In case of Rahul's unfortunate death during the 5th policy year, his nominee will receive the Sum Assured of Rs. 2,50,000 as Death Bendeath during the 5th policy year, his nominee will receive the Sum Assured of Rs. 2,50,000 as Death BenDeath 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.

On insured's death, the benefit payable is defined as higher of 10 times the annualized premium or the base Sum Assured with a minimum benefit of 105 % of premiums paid until death

If the life which was insured dies, death benefit is payable equal to the applicable Sum Assured as on death of the insured

Death Benefit - In case of the demise of the insured within the initial 5 years of the policy issued date (i.e. before the vesting date), a basic sum assured plus accrued guaranteed addition in paid to the policy beneficiary either in a lump - sum or as the annuity or as a combination of two.

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

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.

Death Benefit - In case of unfortunate death of the policyholder during the tenure of the policy, the beneficiary of the policy receives the death benefit as the sum assured amount, which is 105 % of the total premium paid till deDeath Benefit - In case of unfortunate death of the policyholder during the tenure of the policy, the beneficiary of the policy receives the death benefit as the sum assured amount, which is 105 % of the total premium paid till Benefit - In case of unfortunate death of the policyholder during the tenure of the policy, the beneficiary of the policy receives the death benefit as the sum assured amount, which is 105 % of the total premium paid till dedeath of the policyholder during the tenure of the policy, the beneficiary of the policy receives the death benefit as the sum assured amount, which is 105 % of the total premium paid till dedeath benefit as the sum assured amount, which is 105 % of the total premium paid till benefit as the sum assured amount, which is 105 % of the total premium paid till demise.

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.

ACE stands for assured coverage endorsement and this is essentially a no lapse guarantee endorsement that states even though this is a cash value policy, even if there is zero cash value or not enough cash value to sustain the cost of insurance, the policy's premiums and death benefit will still stay level as long as you pay your premiums on time when they are due.

Any sum received other than as death benefit under an insurance policy which has been issued on or after April 1 2003 and if the premium payable in any of the years during the term of the policy does not exceed 20 % of the sum assured.

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

Its policies have growing death benefits, and as such, when utilizing pre-need policies for funeral planning, the client can feel assured that there will be enough funds to use in the future.

Your nominee gets 105 % of sum assured along with bonuses (if any) as death benefits.

Guaranteed Death Benefit + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) Here, the Guaranteed Death Benefit is computed as the highest of 11 times the Annualised Premium or 105 % of all premiums paid by the Policyholder as on the date of death of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the poDeath Benefit + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) Here, the Guaranteed Death Benefit is computed as the highest of 11 times the Annualised Premium or 105 % of all premiums paid by the Policyholder as on the date of death of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the poDeath Benefit is computed as the highest of 11 times the Annualised Premium or 105 % of all premiums paid by the Policyholder as on the date of death of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the podeath of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the policy.

However, she finds some solace when she receives the lump sum amount of Rs 3,30,076 as death benefit, which is calculated as higher of Sum Assured on Death or 105 % of premiums paid (excluding any extra premdeath benefit, which is calculated as higher of Sum Assured on Death or 105 % of premiums paid (excluding any extra premDeath or 105 % of premiums paid (excluding any extra premium).