Sentences with phrase «benefit during the term of the policy»
Money back policies are quite similar to endowment insurance plans where the survival benefits are payable only at the end of the term period, plus the added benefit of money back policies is that they provide for periodic payments of partial survival benefits during the term of the policy so long as the policy holder is alive.
http://www.policyadvisor.in/
The death benefit is payable even after the commencement of the survival benefit during the term of the policy.
Not exact matches
At certain points during the term of coverage, such as your birthdays, you can increase the policy's death benefit and premiums will be determined using your initial health rating.
A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).
At certain points during the term of coverage, such as your birthdays, you can increase the policy's death benefit and premiums will be determined using your initial health rating.
If you pass away during the specified term of the policy, your designated beneficiary will receive the death benefits from your policy.
It is also clarified that if the Accident occurs during the Policy Term and the death due to the said Accident happens after the expiry of the Policy Term (but within 120 days from the date of Accident), Death benefit will be payable.
In case of an unfortunate event during the Policy Term, the sum of the following benefits will be payable to the Nominee, subject to the Policy being in force:
A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).
Term life only pays out the death benefit if you die occurs during the term of the polTerm life only pays out the death benefit if you die occurs during the term of the polterm of the policy.
Flexibility of withdrawing your savings anytime during the Flexi benefit period by modifying your Policy Term while the Policy is in force.
35 year old Siddharth chooses our Bharti AXA Life Flexi Save with a policy term of 20 years as he wishes to receive guaranteed benefits along with the flexibility of withdrawing money any time during the flexi benefit pay - out period.
In case of unfortunate event of death of the Life Insured during the Policy Term, the following benefits will be payable to the Claimant, subject to Policy being in force.
Life insurance pays your beneficiaries a substantial cash benefit should you die during the term of the policy — essentially protecting them against the risk that you might die prematurely, placing them in financial jeopardy.
Immediate (again term usage varies by carriers) benefit means exactly what the term implies: Once approved the full amount of the policy is immediately in force and will be paid in its entirety should the insured die during the policy's active period.
This type of policy will pay out only a very limited benefit during the first few years the policy is in force, and then convert to a fully payable term life insurance policy for the remainder of the term.
When you purchase a Return of Premium (ROP) life insurance policy, if you die during the term, your beneficiaries receive the death benefit.
In the event of death of the Life Insured during the Policy Term, subject to the policy being in force, the Death Benefit payable shall be equal to the Sum Assured on Policy Term, subject to the policy being in force, the Death Benefit payable shall be equal to the Sum Assured on policy being in force, the Death Benefit payable shall be equal to the Sum Assured on death.
In case something unfortunate were to happen to Sahil during the Policy Term, a Life Insurance benefit of Rs. 7,28,970 will be paid to help support the family and fulfil their goals.
Death Benefit: In case of death of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highest of:
Annual benefits in the form of Non Guaranteed cash bonuses and Guaranteed * Survival Benefits payable during the Polibenefits in the form of Non Guaranteed cash bonuses and Guaranteed * Survival Benefits payable during the PoliBenefits payable during the Policy Term.
In case of your unfortunate death during the term of your life insurance policy, your nominee will receive the sum assured as the death benefit.
Should a policy holder pass away during the «term,» or time frame, of the policy being in - force, a beneficiary (or beneficiaries) will receive the death benefit proceeds.
If you die during the policy term, the policy pays out the predetermined sum of money (or death benefit) to your named beneficiary (ies) as long as you continued to pay your premiums on time.
If the policyholder dies during the policy term, the death benefit, a tax - free lump sum of money, is paid out to named beneficiaries.
Top up for Group Employee Benefit Plan and Aviva Group Gratuity premiums, is an extra amount of money that you can pay at any time during the policy term.
Top up for IndiaFirst Employee Benefit Plan and Single Premium Endowment premiums, is an extra amount of money that you can pay at any time during the policy term.
Top up for Guaranteed Income and IndiaFirst Employee Benefit Plan premiums, is an extra amount of money that you can pay at any time during the policy term.
Top up for DHFL P Future Idols Gold Plus and IndiaFirst Simple Benefit Plan premiums, is an extra amount of money that you can pay at any time during the policy term.
Future Generali Immediate Annuity Benefits are provided in the form of bonus i.e. an additional sum that a policyholder will receive during the policy term or after maturity.
Top up for IndiaFirst Simple Benefit Plan and HDFC Group Pension premiums, is an extra amount of money that you can pay at any time during the policy term.
Top up for IndiaFirst Employee Benefit Plan and Aajeevan Sampatti Plus premiums, is an extra amount of money that you can pay at any time during the policy term.
Top up for Metlife Loan and Life Suraksha and Group Employee Benefit Plan premiums, is an extra amount of money that you can pay at any time during the policy term.
Top up for Star Union D I Elite Assure and IndiaFirst Employee Benefit Plan premiums, is an extra amount of money that you can pay at any time during the policy term.
Top up for Kotak Platinum and IndiaFirst Simple Benefit Plan premiums, is an extra amount of money that you can pay at any time during the policy term.
Birla Sun Life Vision Money Back Plus Plan Benefits are provided in the form of bonus i.e. an additional sum that a policyholder will receive during the policy term or after maturity.
Top up for Bharti AXA eProtect and Secure Return Employee Benefit premiums, is an extra amount of money that you can pay at any time during the policy term.
Top up for Reliance Endowment and IndiaFirst Simple Benefit Plan premiums, is an extra amount of money that you can pay at any time during the policy term.
Top up for iTerm Plan and Traditional Group Employee Benefit premiums, is an extra amount of money that you can pay at any time during the policy term.
Top up for Saral Pension Plan and Secure Return Employee Benefit premiums, is an extra amount of money that you can pay at any time during the policy term.
Top up for Bajaj Allianz Save Assure and IndiaFirst Employee Benefit Plan premiums, is an extra amount of money that you can pay at any time during the policy term.
Top up for IndiaFirst Simple Benefit Plan and CSC Saral Sanchay premiums, is an extra amount of money that you can pay at any time during the policy term.
Birla Sun Life Vision Endowment Plan Benefits are provided in the form of bonus i.e. an additional sum that a policyholder will receive during the policy term or after maturity.
Top up for Group Employee Benefit Plan and Online Term premiums, is an extra amount of money that you can pay at any time during the policy tTerm premiums, is an extra amount of money that you can pay at any time during the policy termterm.
Because with term insurance, you're generally just paying for the death benefit, the lump sum payment your beneficiaries will receive if you die during the term of the policy.
Basically you pay an agreed upon premium, and if you die during the term of your policy, the insurance company will pay out the death benefit - subject to the policy terms, of course.
Unlike basic term life policies without additional benefits, this product includes three types of living benefits through accelerated death benefit riders, and a premium waiver during unemployment.2 These riders offer additional flexibility and coverage for a number of unexpected events.
With 100 % return of premium at any time during the life of the policy and long term care benefits to boot, the revolutionary, new Lincoln Money Guard Reserve is as exciting as it gets in the insurance world.
Corporations can also benefit from taking out term life policies on key team members during M&A shifts, as part of Buy - Sell agreements, or during the span of a special project.
If you're not completely sure what term insurance means, then to put it simply, it is a life insurance which solely covers death benefits and which is only payable if you die during the life of the policy.