Sentences with phrase «assured during the policy tenure»

Flexibility to increase / decrease sum assured during the policy tenure Fund value is payable on maturity.

Not exact matches

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 if any.

if «X» included his wife in term insurance (eg.bajaj allianz offering inclusion of wife) then wife of «X» died during pregnancy due to some jaundice or any other disease (in policy tenure of his husband), will «X» get sum assured amount?

if «X» included his wife in joint life term insurance (eg.bajaj allianz offering inclusion of wife) then wife of «X» died during pregnancy due to some jaundice or any other disease (in policy tenure of his husband), will «X» get sum assured amount?

In the unfortunate event of the child's death during the policy tenure, the sum assured along with the guaranteed additions are paid out and the policy terminates.

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 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.

Survival Benefits are the policy benefits that the life assured receives during the policy tenure.

In consideration of nominal premium amount, it provides a death benefit in the form of guaranteed Sum Assured to the dependants upon the demise of the policyholder during the policy tenure.

In case of death during policy tenure your nominee or family will get higher of Sum Assured, Sum Assured at Maturity or 125 % of the Single Premium.

Secondly, the plan offers an assured premium return, which means total premiums paid during the tenure of the policy are paid back to the policyholder.

Increasing Term Assurance — an option under which the Sum Assured chosen at the time of inception of the SBI term insurance policy increases every year @ 5 % and on death of the insured during the SBI term insurance plan tenure, the Sum Assured as on the date of death is paid to the nominee

On death or terminal illness of the insured during the policy tenure, the Sum Assured is given in equated monthly instalments for such time which will be equal to the term of the plan chosen.

However, if he happens to die during the tenure of the policy, his nominees will receives the corresponding sum assured and the policy terminates.

Death Benefit: In case of sudden demise of the policyholder during the tenure of the policy, the Sum Assured at the time of Death along with the acquired Bonuses are paid to the person nominated by the policyholder.

In case of the demise of the insured person during the tenure of the policy, 125 % of the single premium paid or the sum assured, whichever is higher, is paid to the beneficiary of the policy, under single premium mode option.

In case of the insured party passing away during the tenure of the policy, the sum that will be paid to the nominees will be the sum assured and the bonus if any.

It assures to return all premiums paid incase no claim is made during the policy tenure and upon survival, as stated in the official statement released by the insurer.

If the maturity amount is more than five times the premium paid during policy tenure, the sum assured gets exempted from Income Tax deduction.

During policy tenure in case you are diagnosed with any terminal illness, company will pay you a lump - sum amount equal to 25 % of sum assured.

And that she, as a nominee will receive the sum assured (death benefit), in case of him passing away during the policy tenure.

If the there's an unfortunate demise of the policyholder during the policy tenure, his nominee receives the entire sum assured.

1) If this amount is claimed for relevant reasons during the policy tenure, will the final sum assured get reduced accordingly when a death benefit claim comes up?

If a policyholder of the Amulya Jeevan II Plan meets with death during the tenure of the policy, then it may apply to the beneficiaries or nominees of the policyholder the sum assured by the policyholder.

Death Benefit: In case of death during policy tenure, 10 % of sum assured will be paid to family till maturity period.

Money Back Insurance Plans is basically a variant of the Endowment Plans where a part of sum assured is paid at regular intervals during the tenure of the policy.

Term Cover: It refers to the tenure of a term insurance plan wherein the sum assured is only paid to the nominees if the policy holder passes away during the plan tenure.

In case of demise of the life insured during the tenure of the policy, provided all premiums are paid, sum assured on death plus terminal bonus plus vested bonus is payable to the nominee.

During the tenure of the policy, a portion of the sum assured is paid out at regular intervals.

On the death of the parent during the policy tenure the sum assured is paid by the insurance company.

The plan provides Coverage for the entire policy tenure, i.e. in case the Life Assured dies anytime during the policy tenure, the Death Benefit is paid to the nominee and the policy terminates.

In the event of accidental death during the tenure of the policy (provided the life assured is aged 18 years & above on the date of death), an additional sum assured is payable apart from the death benefit mentioned above as per the policy terms and conditions.

In the event of death of the life insured during the policy tenure, the nominee will receive Sum assured on death plus Accrued Reversionary Bonuses plus Terminal Bonus.

On the demise of the life insured during the policy tenure, the sum assured as a single lump sum is paid to the nominee.

if «X» included his wife in joint life term insurance (eg.bajaj allianz offering inclusion of wife) then wife of «X» died during pregnancy due to some jaundice or any other disease (in policy tenure of his husband), will «X» get sum assured amount?

I have concluded that I should go with Aviva i - Life plan but still confused if something happens to me during the tenure of the policy, will Aviva people provide the Sum Assured to my family or not.