Sentences with phrase «assured in a lump sum amount»

Lump sum + Increasing Monthly Income: Offers the nominee 50 % of the basic sum assured in a lump sum amount and an increasing monthly income for next 10 years @ 12 % per annum.

Not exact matches

In case of an unfortunate event, the claim amount is received by the appointee till the child gets matured and capable of handling the lump - sum payout of sum assured.

Accidental Death Rider: In the case of an accidental death of the insured, an additional amount equal to the sum assured plus the original sum assured in the lump sum will be paid to the nomineIn the case of an accidental death of the insured, an additional amount equal to the sum assured plus the original sum assured in the lump sum will be paid to the nominein the lump sum will be paid to the nominee.

Accidental Death Rider: In case of an accidental death of the insured, an additional amount along with the sum assured in the lump sum is given the nomineIn case of an accidental death of the insured, an additional amount along with the sum assured in the lump sum is given the nominein the lump sum is given the nominee.

Lump sum + Regular Monthly Income Plan: Offers the nominee 50 % of the basic sum assured in a lump sum form and the balance amount in level monthly installments for 10 years in case if an uncertaiLump sum + Regular Monthly Income Plan: Offers the nominee 50 % of the basic sum assured in a lump sum form and the balance amount in level monthly installments for 10 years in case if an uncertailump sum form and the balance amount in level monthly installments for 10 years in case if an uncertainty.

In case the life assured is diagnosed with cancer during the policy term, a lump sum amount will be paid out.

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

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.

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

In a money back policy, the insured person gets a percentage of the total sum assured at regular intervals instead of getting a lump sum amount at the end of the term.

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.

On death during the policy term, the basic sum plus the amount assured towards extra protection will be paid in lump sum.

This amount is paid in lump sum and is over and above the Base Sum Assured that is paid.

Offers guaranteed amount in lump sum in case of death of the life assured during the policy period

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.

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.

Term Insurance provides financial protection for your family in your absence by indemnifying the nominee with a lump sum amount or Sum Assured.

Lump sum + Increasing Annual Income Option: In case of demise of the life insured, the lump sum amount equal to 50 % of the policy sum assured is paid to the nominee, subject to acceptance of the death clLump sum + Increasing Annual Income Option: In case of demise of the life insured, the lump sum amount equal to 50 % of the policy sum assured is paid to the nominee, subject to acceptance of the death cllump sum amount equal to 50 % of the policy sum assured is paid to the nominee, subject to acceptance of the death claim.

Life Cover + Increasing Monthly Income Option: In the event of the demise of the life Insured, a lump sum amount equal to the Sum Assured is paid to the nominee.

A term insurance plan is a pure protection cover that pays your family a lump sum amount equal to the sum assured, in case of your unfortunate death during the policy term.

Basic Life Cover Option: In the event of the demise of the life Insured, a lump sum amount equal to the Sum Assured is paid to the nominee.

Life Cover + Level Monthly Income Option: In the event of the demise of the life Insured, a lump sum amount equal to the Sum Assured is paid to the nominee.

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.

In the event of the death of the life insured, a lump sum amount of the guaranteed sum assured is paid to the nominee.

At any time during the policy term, in case an employee is diagnosed with any of the Covered critical illnesses, a lump sum amount equal to chosen percentage of sum assured subject to a maximum of $ 50 lacs is paid.

An Insurance Contract promises to pay a Lump sum Amount or Sum Assured in return for the premium paid by the policyholder in the event of an unfortunate event.

Choose between two Death Benefits; one that provides your family with a fixed Monthly income for 15 years, whereas the other offers your family a 50 % lump sum of the Sum Assured at Claim intimation and the remaining amount is paid out on an annual basis in increasing instalments over a period of 10 years.

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.

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

Scenario B: Mr. Gupta dies during the Term of the Policy In the event of unfortunate demise of Mr. Gupta in the 3rd policy year after payment of 3 years» premiums, his family will receive a lump sum amount of Rs 1,014,000, Guaranteed Sum Assured on maturity equal to Rs 2,00,000 along with accrued Annual bonuses and Final bonus, is payable on maturitIn the event of unfortunate demise of Mr. Gupta in the 3rd policy year after payment of 3 years» premiums, his family will receive a lump sum amount of Rs 1,014,000, Guaranteed Sum Assured on maturity equal to Rs 2,00,000 along with accrued Annual bonuses and Final bonus, is payable on maturitin the 3rd policy year after payment of 3 years» premiums, his family will receive a lump sum amount of Rs 1,014,000, Guaranteed Sum Assured on maturity equal to Rs 2,00,000 along with accrued Annual bonuses and Final bonus, is payable on maturity.

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 familIn 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 familin - 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.

Under lump - sum benefit option, a lump - sum amount equal to the sum assured will be paid on the death of the life insured and policy will then liable to terminate.The sum assured in this policy will be higher of 10 times the annualized premium, or 105 % of the annualized premiums.

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.

It helps the policyholder to get lump sum amount on the policy maturity in case he / she survives the policy term and policy pay the full sum assured along with accrued bonuses to the nominee if the policy holder dies during the policy term.

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 a money back plan, the insured person gets a percentage of sum assured at regular intervals, instead of getting the lump sum amount at the end of the term.

b) Extra Life Option (Accidental Death Benefit): A additional lump sum amount is paid in case of death, over and above Sum Assured in case of death due to accident.

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.