Sentences with phrase «assured in lump sum»

In this plan if the Life Insured, i.e. the parent dies or is diagnosed by a critical illness within the policy tenure, the nominee, i.e. the child would receive the Sum Assured in a lump sum to address the immediate needs of the family and the future premiums would be paid by the company either towards the fund or to the beneficiary.

Option 3 — A chooses to receive 40 % of the Sum Assured in lump sum and the remaining in monthly incomes.

In the event of his untimely demise, his beneficiary receives the entire Sum Assured in lump sum.

Full lump sum payout: Offers your nominee the basic sum assured in lump sum as specified in the policy schedule in case of an uncertainty.

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.

In the unfortunate event of death of the parent, child is given the sum assured in a lump sum, making it a favorable plan.

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 uncertainty.

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 nominee.

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 nominee.

The benefit provides a payment of Rs. 1 lakhs of the Sum Assured in lump sum to the nominee within 48 hours of death of the insured if the company has been duly notified.

Not exact matches

When you pay for your renters insurance in a lump sum, you also are assured that your coverage remains in force.

But keeping the time value of money in mind, insurance companies charge lesser premium for such a plan compared to the lump - sum payout term insurance plan, for a specific Sum Assured.

HDFC Life Uday - This plan involves assured bonuses and additions with an additional; benefit of offering lump sum to the relatives of the plan - holder in case of their death.

Under the option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in equal monthly instalments for a period till which the policyholder's child attains 21 years of age.

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.

Income Option — under this HDFC term insurance plan, 10 % of the Sum Assured is paid in lump sum immediately on death of the life insured.

In case of demise after premium paying term or during the payout period, the nominee receives the sum assured along with other benefits and the lump sum of payout left in the insured's accounIn case of demise after premium paying term or during the payout period, the nominee receives the sum assured along with other benefits and the lump sum of payout left in the insured's accounin the insured's account.

Under the second option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in equal monthly instalments @ 0.58 % of the Sum Assured for 10 years.

Under the third option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in increasing monthly instalments increasing at a simple rate of 12 % per annum for 10 years.

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 tenure.

With a combination of lump sum and monthly installments, you can rest assured that in your absence, your family would be financially secure.

For the second option, 50 % of the Sum Assured is paid immediately in lump sum to the nominee.

In case the insured dies after the completion of first 5 years of the policy, the nominee of the policy receives the basic sum assured + accrued guarantee addition + simple reversionary bonus + final reversionary bonus (if any), which can be paid as a lump - sum or as an annuity, or as a combination of two.

In case of death, the Sum Assured plus the Fund Value plus a lump sum benefit equal to the aggregate outstanding premiums are paid

There is also an inbuilt Terminal Illness Benefit wherein 25 % of the Sum Assured is paid immediately in lump sum if either of the insured is diagnosed with a Terminal Illness

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 twIn 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 twin paid to the policy beneficiary either in a lump - sum or as the annuity or as a combination of twin a lump - sum or as the annuity or as a combination of two.

In the event that something untoward happens to the policyholder, the insurance company pays out a lump sum, referred to as the «sum assured, to the «nominee» specified in the policIn the event that something untoward happens to the policyholder, the insurance company pays out a lump sum, referred to as the «sum assured, to the «nominee» specified in the policin the policy.

A traditional insurance plan pays an assured lump sum, in case of the insured's demise.

The sum assured will be paid in lump sum on diagnoses of any of the four critical illnesses mentioned above

So, you can have a plan where there is no lump sum payment at all and the entire Sum Assured is paid in monthly installments.

50 % (Rs. 25 lakhs) of the extra life sum assured will be paid in lump sum and remaining in monthly instalments (Rs. 50,000 per month) for 4 years.

In case of an untimely demise of the life assured the nominee shall receive the rider benefit as lump sum.

Option 1 — if Ram dies during the term of the plan, 15 % of the Sum Assured is paid in lump sum to the nominee.

On survival of the Life Assured till maturity, total of the following becomes payable in lump sum:

Which means, in the unforeseen circumstance of parent's death, the child is not obligated to pay future premiums, gets the lump sum assured, and another payout at the time of maturity of the plan.

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

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.

Offers lump sum payout equal to 50 % of sum assured in the event of a claim plus regular monthly income till your child turns 21 years.

On death of the life Assured during the policy term, total of the following becomes payable in lump sum: 100 % of Sum Assured, irrespective of survival benefits already paid plus accrued bonuses declared till death.

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

In case of a lump sum payout, the death sum assured is paid at once and the policy terminates.

In the event of the unfortunate death of the life assured during the policy term and if all due premiums have been paid, the above mentioned Death Benefit will be paid to the nominee in the form of lump suIn the event of the unfortunate death of the life assured during the policy term and if all due premiums have been paid, the above mentioned Death Benefit will be paid to the nominee in the form of lump suin the form of lump sum.

Scenario I: If Rajiv, the life assured, survives till maturity, he receives Money Back benefits beginning from the end of the third year and a lump sum maturity benefit in the 15th year.

10 % (Rs. 5 lakhs) of the sum assured of Rs. 50 lakhs will be paid in lump sum at the time of death claim settlement and 6 % (Rs. 3 lakhs) of the sum assured will be paid annually for the next 15 years.

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.

There is a guaranteed sum assured along with bonuses which would be given in lump sum as the death benefit to your nominees.

The Sum Assured is paid partly in lump sum and partly in annual incomes after death of the life insured.

Despite the fact that, the sum assured by many of the term plans is paid in a lump sum as a death benefit.

It offers the lump sum assured at the maturity of the policy or in case of early death of the policy holder.

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.