Sentences with phrase «before end of policy term»

TATA AIA Secure 7 allows surrender of policies before end of policy term.

Death benefit is an amount of money paid to the family of the life insured in event of his demise before the end of the policy term.

These policies are relatively cheap and pay out a tax - free death benefit to your beneficiaries if you die before the end of the policy term.

But what happens if the sum assured is exhausted before the end of the policy term?

Term insurance is a type of life insurance policy wherein the nominee of the insured person gets death benefit if any uncertainty (death) occurs before the end of the policy term.

Money back plans can be bought when one wishes to earn returns before the end of the policy term.

TATA AIA Money Back Plus allows surrender of policies before end of policy term.

If the person insured is alive, the policyholder receives Survival Benefits every five policy years before the end of the policy term.

In case the nominee dies after the life insured before the end of policy term, the policy will terminate and fund value as on that date shall be payable to surviving legal heir

Survival Benefit: In case the Life Insured survives till a year before maturity of the Policy and all premiums are duly paid, Survival Benefit equal to Guaranteed Additions accrued as on the date of payment of Survival Benefit shall be payable at the end of one year before the end of policy term for all premium payment term and policy terms.

It is a facility that allows the Policyholder to withdraw a part of his funds before the end of the Policy Term.

A Money Back Plan starts giving liquidity from before the end of Policy term by giving you periodic payments or monetary benefits at regular intervals of time.

A Money Back Plan starts giving liquidity from before the end of Policy term by giving you periodic payments or monetary benefits at regular intervals of time.

Allowed within a period of 2 consecutive years from the date of first unpaid premium but before the end of policy term on payment of all the arrears of premium together with interest (compounding half - yearly) at such rate as fixed by the insurer.

There's usually some partial return of premium for policies canceled before the end of the policy term (depending on the year it's canceled — the longer it's kept in force, the higher the amount of your returned premiums).

Settlement Option: In instances, when the parent passes away before the end of the policy term, the nominee has an option to receive the Death Benefit either as a lump sum or in the form of monthly income @ 1 % of Death Benefit for the next 135 months, starting from the month following the death of the insured.

Premium Discontinuance Charge which is for discontinuing the plan before the end of the policy term.

Death Benefit: Incase of demise of life assured before end of policy term, Nominee receives higher of fund value or Sum Assured

A term rider acts in similar manner as a term insurance policy i.e. a monthly income will be provided to the nominee in event of death of the policy holder before end of the policy term.

Partial Withdrawal Charge: A charge levied to make partial withdrawals even before the end of the policy term

In the case of Life Insurance, in the event of the insured person's death before the end of the policy term, his or her beneficiary will receive a pay - out known as the Death Benefit.

Kotak Preferred eTerm Plan allows surrender of policies before end of policy term.

In case of your unfortunate demise before the end of policy term, your nominee will receive the higher of the following:

Survival Benefit: In case the Life Insured survives till a year before maturity of the Policy and all premiums are duly paid, Survival Benefit equal to Guaranteed Additions accrued as on the date of payment of Survival Benefit shall be payable at the end of one year before the end of policy term for all premium payment term and policy terms.

If the Life Insured dies before the end of the policy term, the nominee, i.e. the child, gets the basic Sum Assured as the Immediate Death Benefit.

Highlights of term insurance plans • Upon the death of the insured before the end of the Policy Term, the Death Sum Assured will be paid as the death benefit to the beneficiary.

It is a facility that allows the Policyholder to withdraw a part of his funds before the end of the Policy Term.

A lapsed policy can be revived within a period of 2 consecutive years from the date of first unpaid premium but before the end of policy term on payment of all the arrears of premium together with interest (compounding half - yearly) at such rate as fixed by the insurer.

Usually when a protection plan is canceled before the end of the policy term, the motorist in question will receive a prorated refund from their previous insurer.

Apollo Munich Optima Restore is unique health insurance plan where if sum assured is exhausted before the end of the policy term, it would be restored afresh without any additional premiums.

Death Benefit: If the policyholder passes away before the end of policy term, the sum assured shall be paid to the nominee

Guaranteed Benefits: Get Survival Benefit as 50 % of the Sum Assured at the end of one year before the end of policy term

Survival Payout *: On Survival of the Life Assured till the end of the premium payment term, Survival Payouts are paid as a percentage of ONE Annual Premium which increases every year at 10 % of annual premium from the end of the premium payment term till one year before the end of the policy term.

Survival Payouts are given as a percentage of ONE Annual Premium which increases every year at 10 % of Annual Premium from the end of the premium payment term till one year before the end of the policy term

Survival Payouts are given as a percentage of Annual Premium which increases every year at 10 % of Annual Premium from the end of the premium payment term till one year before the end of the policy term

Survival Payout: On Survival of the Life Assured till the end of the premium payment term, Survival Payouts are paid as a percentage of Annual Premium which increases every year at 10 % of annual premium from the end of the premium payment term till one year before the end of the policy term.

Simple Term Life from Farmers New World Life Insurance Company provides a cash payment to your beneficiaries if you die before the end of the policy term and your premiums are paid, 4 helping provide reassurance for you and a plan for your family's financial security.

Upon your demise before the end of the policy term (99 years), the sum assured will be paid to your nominee as the death benefit

A money back policy usually has a built in clause which allows surrendering the policy before the end of the policy term.

In the event of the demise of the Life Insured, i.e. the parent, before the end of policy term, Basic Sum Assured is paid immediately to the nominee, i.e. the child.

The reduced Paid Up value is payable on the policy maturity date or on the demise of the Life Insured, before the end of the policy term.

There is a Discontinuance Charge for discontinuing the policy before the end of the policy term.

In case the insured dies before the end of the policy term and considering all premiums were duly paid, the policy will continue and at the time of maturity, the fund value will be paid to the nominee and policy will expire

Death Benefit: If the policyholder dies before the end of the policy term, the nominee shall be paid higher of the fund value or sum assured (minus partial withdrawals, if any) or the minimum death benefit that is 105 % of the total premium paid till the date of the death

In event of your untimely demise before the end of the policy term, your family will receive this money.

In case of unfortunate demise before the end of policy term, nominee will receive the higher of the Fund Value or 105 % of total premiums paid i.e. single premium and top - up premium.

HDFC Life Uday allows surrender of policies before end of policy term.

Survival Payouts are given as a percentage of ONE Annual Premium which increases every year at 10 % of Annual Premium from the end of the premium payment term till one year before the end of the policy term

HDFC Life Pension Super Plus allows surrender of policies before end of policy term.