Sentences with phrase «assured as applicable»
In case of unfortunate death of the life insured during the policy term, the sum assured as applicable shall be payable to the nominee.
https://www.comparepolicy.com/ Not exact matches
From time to time we may monitor and / or record telephone calls between you and us to assure the quality of our customer service or as required by applicable.
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.
The advantage is flexibility: assignor and assignee can choose the law applicable to their contract and as a consequence, the rule assures a parallelism between the law applicable to the contractual aspects and the property aspects of an assignment.
In such case the benefit paid will be calculated as Survival Benefit % * Sum Assured * applicable Survival Benefit factor.
If the life which was insured dies, death benefit is payable equal to the applicable Sum Assured as on death of the insured
But rest assured, any applicable patient responsibility, such as deductibles or co-payments, will always be clearly reflected in our Guarantee of Payment letter.
The charge applicable depends on the age of the insured and the assured sum amount which is calculated as:
Once you reach the maturity age, the policy will offer you the basic sum assured as well as loyalty additions (if applicable).
The applicable Sum Assured as at the end of the policy month immediately preceding the date of death of the member as per this loan schedule at inception will be paid 2) Level Cover (for interest only loans T&C 6)-- In case of level cover option the full Sum Assured opted for at inception will be paid
The premium rates for increase in Sum Assured as a result of Life Stage Event will be determined basis the Sum Assured band of the policy applicable to the total sum assured inclusive of the Life Stage BAssured as a result of Life Stage Event will be determined basis the Sum Assured band of the policy applicable to the total sum assured inclusive of the Life Stage BAssured band of the policy applicable to the total sum assured inclusive of the Life Stage Bassured inclusive of the Life Stage Benefit.
In case of death of Life Assured during this period, the proceeds will be payable to the nominee / legal heirs as applicable.
In case of death of the Life Assured during this period, the proceeds will be payable to the nominee / legal heirs as applicable.
For instance, if the life assured is diagnosed as suffering from a cancer of defined severity, a percentage of the policy sum assured, subject to applicable limits, is paid in lump sum.
On death, the applicable Sum Assured as at the end of the policy month immediately preceding the date of death of the member as per this loan schedule at inception shall be paid.
The reduced premium will be based on the age, lifestyle category (if applicable), policy term, premium payment frequency and sum assured of the surviving life assured as at the inception of the policy
If the policyholder gets diagnosed with a cancer of defined severity, a certain percentage of the sum assured is paid out as a lump sum at that time (subject to applicable limits).
Decreasing Term Assurance (Family Income Protection)-- an option under which the Sum Assured decreases every year and on the death of the insured during the SBI term insurance plan tenure, the applicable Sum Assured as on the date of death is paid to the nominee
In such a case, the benefit will be calculated as Survival Benefit % * Sum Assured * applicable Survival Benefit factor
The highlights of the key features and benefits are as follows: ● There are maturity benefits with a sum assured at the end of the term plan ● There are death benefits ● Annual income payments to the family in case of an untimely death ● Maturity amount is free from tax under section 10D, and Premium payable is applicable for rebate under section 80C ● The Policy garners profits from LIC in the way of bonuses
The nominee has the option to take the sum assured on death as a lump sum payout or staggered payment, as per the terms applicable under the plan.
The nominee has the option to receive the sum assured on death as a lumpsum or staggered payment, as applicable under the plan.
As the policyholder attains the age of 75 years or on the policy anniversary (whichever happens later), the following benefit shall be paid: Guaranteed Maturity Sum Assured + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) where Guaranteed Maturity Sum Assured is the total guaranteed sum to be received at the end of the policy term Accrued paid - up additions are any additional coverage provided by the company (if applicable) Terminal bonus is the bonus to be received at the end of the policy term (if applicable)
On survival of the life assured till end of the policy term, Fund Value as applicable on the maturity date is payable.
This benefit is a percentage of the sum assured, as applicable under the policy.
This amount includes the guaranteed sum of money called as Sum Assured on Maturity and also the Accrued Bonuses, if applicable.
If Mr. Raman dies during the policy term, his nominee will receive the Sum Assured on death (as applicable).
Scenario II: On Demise of Rohit during the premium paying term In case of demise of Rohit during the 4th policy year, the nominee will receive Death Sum Assured, Additional Annual Payouts and Scheduled Annual Payouts, as applicable.
This term plan provides 100 % sum assured as a lump sum plus monthly income as applicable under the plan.
On survival of the life assured till end of the policy term, Fund Value of Units pertaining to regular / top - up premium along with the loyalty addition, as applicable is payable.
Sum assured can be reduced to a certain minimum sum assured limit as applicable under the plan.
Maturity: At the end of policy term policy holder will get Basic Sum Assured with Total vested revisionary bonus and Final Additional Bonus (as applicable).
On maturity, the remaining sum assured is paid along with any bonus or guaranteed additions as applicable.
On the occurrence of insured event e.g. death in case of life insurance, Sum Assured is the guaranteed amount payable to the policy holder or her nominee, as applicable.
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.
Loyalty Benefit is a special benefit paid to you as a percentage of sum assured on maturity if you have paid all applicable premium amounts and stay till the end of your policy term.
Under this option, the Sum Assured (SA) reduces uniformly over the Policy Term and the applicable Sum Assured as on the year of unfortunate death is paid to the nominee.