Sentences with phrase «assured as a lump sum amount»

During premium payment term: The nominee or legal heir will receive the sum assured as a lump sum amount will be paid.

Offers additional financial security as well as 100 % of the sum assured as a lump sum amount in case of accidental death.

In a lump sum term insurance plan, the nominee receives the sum assured as a lump sum amount, that is, the total payout of sum assured at once and the policy terminates.

Not exact matches

Its actually an additional cover, 1 crore sum assured as lump sum and 40ooo per month for next 10 years, total cover amounting to 1.48 crores.

The company not only pays a lump sum assured at the time of your death, but it also pays back all the premiums you paid as the maturity amount.

The nominee receives 10 % of the Sum Assured on the death of the life insured as a lump sum amount.

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

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 premium).

If you are beset with any of the 7 pre-listed critical illness, you will receive the amount of 10 lacs as a lump sum and the policy will continue as a term policy with a Sum Assured of 40 lacs.

This is a plan that provides the nominee with a lump amount as sum assured in case of the death of the insured.

With insurance plans that offer cover for such illnesses, a certain percentage of the total sum assured is paid as a lump sum amount upon diagnosis.

If on the hand a policyholder opts for an installment option, then the 50 % of the sum assured is paid as a lump sum amount and the rest is paid in 5 equal annual installments.

In case of demise of the life insured when the dependent is alive 20 % of the sum assured + guaranteed bonus + terminal bonus if any is paid to the nominee as lump - sum amount and the rest 80 % of the sum assured is utilized to pay annuity for 15 years and life thereafter depending upon the age of the handicapped dependent.

On the maturity of the policy 20 % of the sum assured + guaranteed bonus + terminal bonus (if any) is paid as a lump - sum amount to the insured and the rest 80 % of the sum assured is utilized to pay annuity according to the chosen option (on the age of the handicapped dependent)

Technically, term plans can be described as a contract between the person insured and the insurance company wherein the company agrees to payout the lump - sum amount, referred to as the Sum Assured if the policy holder expires during the term of the plan.

A part of the amount assured is rewarded as lump sum and the remaining sum is remunerated on a monthly basis for a fixed number of months — For example, Rs. 50 Lakhs of lump sum and Rs. 50, 000 are paid on a monthly basis for 100 months.

With assured returns, you can plan your purchase as you are well aware of the amount that you would get as a lump sum after a certain period.

o Option A: - Base: In the event of insured's unfortunate demise, the base sum Assured (less terminal illness benefit already paid) is payable to the nominee as a lump sum amount.

o Lump Sum + Equal Annual Installments: If the policyholder chooses Installment option, 50 % of the Death Sum Assured will be paid as lump sum immediately on death of the life insured and the remaining amount is paid annually in 5 equal installments (starting post 1 year from date of death of the life insurLump Sum + Equal Annual Installments: If the policyholder chooses Installment option, 50 % of the Death Sum Assured will be paid as lump sum immediately on death of the life insured and the remaining amount is paid annually in 5 equal installments (starting post 1 year from date of death of the life insurlump sum immediately on death of the life insured and the remaining amount is paid annually in 5 equal installments (starting post 1 year from date of death of the life insured).

You can also opt for 50 % of the sum assured as a lump sum payout and the remaining sum assured amount is paid annually in increasing installments for 10 years.

In the event of the death of the life Insured, a lump sum amount equal to the Sum Assured is paid as a life insurance benefit to the nominee.

It provides a sum assured amount as a lump sum to your family or nominee that helps them attain financial independence, even when you are not around.

In case of death of the life insured, this plan pays 50 % of the death sum assured as a lump sum and the balance amount is then paid as equal monthly installments for a period till the nominated child attains 21 years.

o Death Benefit LumpSum + Increasing Monthly Income Option: In case of death of the life insured, this plan pays 50 % of the death sum assured as a lump sum and the balance amount is then paid as increasing monthly installments (@ 12 % per annum at the simple rate of interest) for a period of 10 years.

One of my friend suggested me to look at LIC NJA and similar product from MAX life purely for Debt investment as it offers lump sum maturity amount and assured monthly / annual pay outs post retirement.

In the event of the demise of the life insured, the nominee will receive the sum assured amount as a lump sum and the policy terminates thereafter.

In case of demise of the life insured during the policy term, the nominee is entitled to receive a Sum Assured amount as a lump sum payout.

The Death Benefit payable is: Lump Sum Benefit: The higher of Sum Assured (including Top - up Sum Assured) or Minimum Death Benefit is payable as a lump sum amoLump Sum Benefit: The higher of Sum Assured (including Top - up Sum Assured) or Minimum Death Benefit is payable as a lump sum amolump sum amount.

In the event of the demise of the life insured, the nominee / legal heir will receive the sum assured amount as a lump sum.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is as follows: Lump Sum Benefit: A lump sum amount is paid at the time of claim to take care of any immediate financial requirements of the famLump Sum Benefit: A lump sum amount is paid at the time of claim to take care of any immediate financial requirements of the famlump sum amount is paid at the time of claim to take care of any immediate financial requirements of the family.

These payouts could serve as a second income and also help in paying his child's school expenses.The lump sum amount that he will receive at the end of the 20th year could be used for his daughter's higher education expenses.In case of the unfortunate event of his death before the maturity of the policy, his family will get higher of 100 % of Sum Assured or 105 % of the Premiums paid or 11 times the Annualised Base Premium.

In this case, Mr. Sharma will get lump sum amount of Rs. 10 Lac as Sum Assured of Critical Illness cover and the health insurance policy will expire.

In this case your family will receive 50 % of the Sum Assured on Death amount as lump sum and 1 % of the same will be paid as monthly income spread over 60 months.

In this case, the family of Mr. Sharma will get lump sum amount of Rs. 1 Cr as Sum Assured of Term Insurance cover and both health and term insurance policies will expire.

As the policy term progresses, these benefits in the form of Bonuses keep accumulating and at the time of matuirty, policy holder gets lump sum amount i.e. Sum Assured + Bonus.