Sentences with phrase «away during the policy tenure»

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

If any of the life partners passes away during the policy tenure, this is how a term insurance company will pay the benefit to the nominee / surviving partner:

Not exact matches

If during policy tenure, investor passes away, nominee receives Rs. 5.75 Lakh.

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.

Child plans offer the benefit of waiver of premium, doing away with the premium obligation if the policyholder parent expires during policy tenure.

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 the applicant passes away during the tenure of the child plan, certain insurers offer the benefit of premium waiver or self - funding of premium, thereby making it easy to continue the policy without burdening the family member for premium payment.

Certain plans will waive off the entire premium to be paid during the policy tenure if the insured person passes away.