Sentences with phrase «assured under»

So, if the bonus announced is Rs 30 per thousand of Sum Assured and Sum Assured under your plan is Rs 10 lacs, your bonus is equal to Rs 30,000 (Rs 30 * 10 lacs / 1,000).

In case of accidental permanent disability arising due to accident (within 180 days from the date of accident), an amount equal to the Accident Benefit Sum Assured will be paid is equal monthly installments spread over 10 years and future premiums for accident benefit sum assured as well as premium for the portion of basic sum assured which is equal to accident benefit sum, assured under the policy, shall be waived.

Supposed the Sum Assured under your plan is Rs 1 crore and you have added critical illness benefit of Rs 10 lacs.

For instance, if the Sum Assured under the plan is Rs 10 lacs, on diagnosis of the critical illness, the insurance pays Rs 10 lacs in lump sum to the policy holder and the policy ceases.

The minimum sum assured under this plan is Rs. 50,00,000.

This plan shall be available to standard lives only under non-medical limit and the total sun assured under all the policies issued to an individual under this plan shall not exceed Rs. 2 lakhs.

The death benefit is payable if the life insured dies during the term of the policy provided the policy is premium paying.The death benefit payable to the nominee is equal to the death sum assured under the policy.Death Sum Assured is defined as the higher of 10 times the Annualized Premium OR 105 % of all the premiums paid as on date of death of the Life Assured, OR Guaranteed Maturity Benefit (i.e. Basic Sum Assured), OR Absolute amount assured to be paid on death (i.e. Basic Sum Assured).

Sum Assured on Death (which is higher of a multiple of Annualized Premium, Absolute amount assured to be paid on the death of the Life Insured will be equal to the Sum Assured under the policy or Sum Assured on Maturity where the Sum Assured on Maturity is zero)

In case of your unfortunate death due to an accident, the sum assured under this rider will be paid to your nominee.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum Assured under Base Plan and top - up plus, fund value under Base Plan and top - up is payable.

However the sum assured under the base plan and top up across all policies shall not exceed Rs 5 lacs, if the age of the life assured at the time of payment of top up is less than 12 years.

Scenario B - Death Benefit: In the unfortunate event of his death within the policy term, the Death Benefit payable is higher of Sum Assured under Base Plan and top - up plus, fund value under Base Plan and top - up is payable.

(* the sum assured under the rider will not exceed the sum assured under the base policy other than in case of pension plans)

The sum assured under this option is equal to the monthly benefit chosen * policy term * 12

His Sum Assured under the plan is Rs. 1,085,069

The Sum Assured under the Base Plan is Rs. 500,000.

The minimum sum assured under this rider is Rs. 10,000 and the maximum sum assured is Rs. 1 crore.

In the event of death of Life Insured due to an accident, the Sum Assured under the Rider will be paid to the Policyholder / nominee in addition to the Sum Assured under the base policy and the rider will cease to exist.

In case of accidental permanent disability arising due to accident (within 180 days from the date of accident), an amount equal to the Accident Benefit Sum Assured will be paid in equal monthly instalments spread over 10 years and future premiums for Accident Benefit Sum Assured as well as premiums for the portion of Basic Sum Assured which is equal to Accident Benefit Sum Assured under the policy, shall be waived.

In case of Partial Withdrawals: For 2 years period from the date of withdrawal, the sum assured under the basic plan shall be reduced to the extent of the amount of partial withdrawals made.

An amount equal to the Sum Assured under the Basic plan subject to a limit of Rs. 25,00,000 / - taking all Term Assurance Rider Sum Assured under all policies of a life assured

Value of units in the Policyholder's Fund + unallocated premium + Policy Administration charge deducted Less charges @ Rs. 0.20 per thousand Sum Assured under Basic plan - Actual cost of medical examination and special reports, if any.

For example, imagine that the Sum Assured under your life insurance policy is Rs. 30 lakhs and the annual premium you pay is Rs. 1.5 lakhs.

An amount equal to the Sum Assured under the Basic plan subject to a limit of Rs. 5,00,000 / - taking all Critical Illness Rider Sum Assured under all policies of a life assured

The monthly payouts are a fixed amount payable for a fixed tenure and the Sum Assured under the plan is the aggregate amount of all payouts paid for the fixed tenure.

The purchase price includes the Sum Assured under the Basic Plan, the accrued Guaranteed Additions and any accrued bonuses, excluding the commuted value, if any.

Unlike term plans which pay out the sum assured, along with profits, only in case of an eventuality over the policy term, endowment plans pay out the sum assured under both scenarios — death and survival.

Since this term plan is for life, the insurance company has to pay the Sum Assured under the policy (unless the policyholder chooses not to renew the policy during his life) at some point.

The Basic Sum Assured under the policy shall be reduced to such a sum, called Paid - up Sum Assured and shall bear the same ratio to the Basic Sum Assured as the premiums paid bears to the total number of premiums payable i.e. Basic Sum Assured * (number of premiums paid / number of premiums payable).

The deductible amount is only 10 % of the actual Sum Assured under your life insurance plan subject to fulfilment of certain conditions specified in section 10 (10D).

After attaining 60 years of age, all Partial Withdrawals made within two years before attaining age 60 years and all Partial Withdrawals made after attaining age 60 is reduced from the Sum Assured Sum Assured under the Base Plan.

If he dies during the policy term, the principal amount which is the sum assured under the policy agreed is disbursed to his / her family.

Scenario B - Death Benefit: In the event of his death during the policy term, the Death Benefit payable is higher of Sum Assured under the Base Plan less partial withdrawals, 105 % of Total premiums paid, or Fund value under the Base Plan.

In case of death of the Life Assured during Policy Term, Sum Assured under the plan will be paid to the nominee and the Policy will terminate.

Sum assured under this scenario is Rs 5,84,240.

In the event of death of the life assured, the Death Benefit payable is higher of Sum Assured under the Base Plan less partial withdrawals #, 105 % of Total premiums paid, or Fund value under the Base Plan.

Getting a claim free year may result to discount on the premium rates on the renewal premium or an increase in the sum assured under the plan.

In the event of an unfortunate demise of the life assured under the plan, the Sum Assured will be paid to the nominee.

The sum assured under the scheme ranges from Rs...

In case of death of the Life Assured during Policy Term, Sum Assured under the plan will be paid to the nominee and the policy will be te

In case of top - ups, the higher of Sum Assured under top - up premium, 105 % of total top - up premium paid, or Fund value under top - up premium.

The sum assured under the plan is paid as Lump Sum to the nominee as death benefit.

With Extra Life option offered by HDFC Life under Unit Linked platforms, you can have the peace of mind as your loved ones gets Twice the Sum Assured under the policy in case of unfortunate demise of the Life Assured due to any accident.

The sum assured under this term plan decreases every year in collaboration with the decreasing debt amount at the specified rate over the policy term.

Upon the death of the life insured the company will to the nominee the Sum Assured on death along with Additional Sum Assured under Life Stage Plus Option, if any less Payout Accelerator Benefit already paid, if any.

The sum that is assured under the Term insurance policy is also alculated in the eligibility because now a day some policy companies have a fixed sum assured as minimum amount as the insured person should be capable of paying the policy premium.

Below is a sample illustration showing the Guaranteed Cash Benefit, Guaranteed Maturity Benefit and Sum Assured under the plan for various combinations of premium amount and policy term.

Aegon Life AD Rider (UIN: 138B006V02)-- Gives the family a financial support to start with after the loss of your income by paying the Sum Assured under the Rider in addition to the Sum Assured under the Base Plan.

Future premiums which are there for the Accident Benefit Sum Assured as well as the premiums for the part of Basic Sum Assured which is equivalent to Accident Benefit Sum Assured under the policy will not be claimed.

Minimum Sum Assured under the older plan was rupees 50,000, while this has been raised to rupees 100,000 under the new plan.