Sentences with phrase «benefit is payable to the nominee»

On death of the policyholder, an amount which will be higher of the fund value as on the date of death or the Guaranteed Death Benefit is payable to the nominee.

The death benefit is payable to the nominee or beneficiary who is usually a family member.

Thus, if the Life Insured dies within the policy tenure, the death benefit is payable to the nominee and nothing is payable on the maturity of the policy.

In the absence of the insured person during the during the policy term, then death benefit is payable to the nominee.

Please note that the death benefit is payable to the nominee / legal heir of the individual group member.

Term insurance is the simplest form of life insurance plan that offers comprehensive life coverage over a period of time and in case the insured person dies during the tenure of the policy, the guaranteed death benefit is payable to the nominee of the policy.

Death benefit is payable to the nominee who can either choose to receive annuities out of the proceeds or withdraw the proceeds entirely

Under this HDFC pension plan, the death benefit is payable to the nominee who can either choose to receive annuities out of the proceeds or withdraw the proceeds entirely.

Endowment life insurance products hence provide life protection throughout the term of the policy contract, that is to say in the event of eventuality the defined sum assured / death benefit is payable to the nominee and in case of survival, maturity proceeds are payable as survival benefit.

On death, the death benefit is payable to the nominee.

In the event of unfortunate demise of the life insured within the policy term, the death benefit is payable to the nominee.

A lapsed policy means no death benefits are payable to the nominee.

In case demise of the life insured during the policy term, the death benefit is payable to the nominee as a lump sum amount.

The death benefit is payable if the policyholder dies an unfortunate death during the policy term, the death benefit is payable to the nominee provided the policy is premium paying.Death sum assured is higher of:

However, you can treat whole life insurance policy aspermanent since the policy covered the whole life span of thepolicy holder and benefit is payable to nominee in the event of anyeventuality of the policy holder.

On the death of the policyholder during the policy term, the death benefit is payable to the nominee.

It is an insurance plan which provides life coverage for a particular time period and the death benefit is payable to the nominee if the insured person expires within the term of the plan.

In the event of death of the life insured death benefit is payable to the nominee.

In the event of the demise of the life insured within the policy term, Assured death benefit is payable to the nominee / beneficiary.

In the event of death of the life assured while the policy is in - force, the Death Benefit equal to the higher of Sum Assured, including Top - up Sum Assured, Fund Value including the Top - up Fund Value, or Minimum Death Benefit is payable to the nominee / legal heir.

Upon the unfortunate event of death within the term of the policy, the higher of Total Fund Value or Assured death benefit is payable to the nominee and the policy gets terminated.

In the event of death of the life insured during the policy term, the Death Benefit is payable to the nominee.

Not exact matches

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:

The death benefit would be payable to the nominee which has been specified in the policy.

On death, an Assured Death Benefit equal to 101 % of all premiums paid including bonuses is payable to the nominee subject to a minimum of 105 % of all premiums paid till death.

Post maturity, if the insured dies at any age before he reaches 100 years of age, an additional benefit equal to the basic Sum Assured is payable to the nominee.

Death Benefit — Benefit payable to the nominee shall be Sum Assured + Accrued regular bonus + Terminal Bonus.

Death Benefit — Benefit payable to the nominee shall be Sum Assured + Guaranteed Additions Accrued to date of death + Accrued Assured Income if opted.

Death Benefit — Benefit payable to the nominee shall be Sum Assured + Accrued regular bonus + Terminal Bonus (if any).

If the annuitant commits suicide, no benefit will be payable but if the Return of Purchase Price Option is chosen by the policyholder, then, on suicide, the Purchase Price is paid back to the nominee

In case of death of the insured during the plan tenure, a death benefit which is higher of the minimum Sum Assured or 10 or 7 times the annual premium paid depending on the age of the policyholder is payable to the nominee subject to a minimum of 105 % of all premiums paid till the date of death

Term plans promise the insured a lump sum benefit which will be payable to his nominee if the insured dies any time during the term opted by him.

On death of the policyholder, under Benefit Option 1, higher of the Sum Assured including the top - up SA net of any partial withdrawals made in the last 2 years or Fund Value including the Top - up Fund Value or 105 % of premiums paid is payable to the nominee

On death of the insured a benefit higher of the chosen Sum Assured or annualized premium multiplied by 10 or 105 % of aggregate premiums paid is payable to the nominee

The annuity will be payable in arrears post deferment period as per payment frequency chosen by you, for as long as either of the primary or the secondary annuitant is alive.Death benefit is payable as a lumpsum to the nominee, on later of the deaths of the two annuitants.

• On death of the annuitant, death benefit is payable as lumpsum to the nominee and no further amount will be payable.

The benefit payable to Amit's nominee (s) will be:

Subject to terms and conditions of the master policy, the Death Benefit will be directly payable to the Master Policyholder to the extent of outstanding loan amount; Death Benefit amount in excess of outstanding loan amount (if any), will be paid to the nominee / appointee / legal heir of the Insured Member.

Option B - Income Protection Under this option, the Death Benefit shall be payable as Monthly Income (payouts made each month) to your nominee during the payout period as chosen by you at inception of policy.

Lump sum benefit and monthly income at the increasing annual rate of 10 % is payable to the nominee if the insured dies during the term period.

Death Benefit: The death benefit shall be payable to the nominee as per the payout option chosen based on the type oBenefit: The death benefit shall be payable to the nominee as per the payout option chosen based on the type obenefit shall be payable to the nominee as per the payout option chosen based on the type of plan.

Suicide exclusion under Death Benefit: - In case the insured member commits suicide whether sane or insane, within 12 months from the policy inception date or from the date of inception of the member under the group insurance scheme, whichever is later, then higher of 80 % of the premiums paid or surrender value in respect of concerned insured member is payable to the nominee / beneficiary.

Premium Payable: As per the choices made above, his annual premium works out to 6,950 # (excluding taxes) Benefit Payable: And If Krish's death occurs in the 2 policy year after paying his premium for initial 2 years, the benefit payable to Krish's nominee (s) wPayable: As per the choices made above, his annual premium works out to 6,950 # (excluding taxes) Benefit Payable: And If Krish's death occurs in the 2 policy year after paying his premium for initial 2 years, the benefit payable to Krish's nominee (s) wBenefit Payable: And If Krish's death occurs in the 2 policy year after paying his premium for initial 2 years, the benefit payable to Krish's nominee (s) wPayable: And If Krish's death occurs in the 2 policy year after paying his premium for initial 2 years, the benefit payable to Krish's nominee (s) wbenefit payable to Krish's nominee (s) wpayable to Krish's nominee (s) will be:

Death Benefit: Upon the death of a single pay policyholder, Highest of 125 % of single premium or sum assured or absolute sum assured will be payable to the nominee.

In case of an unfortunate demise of the Life Assured during the Policy Term, provided all due premiums have been paid till the date of death, the benefit payable to the nominee is the higher of:

While making the claims for the death benefits of the plan, the nominees to whom the benefits shall be payable based on sending a documented notice to the company about the death of the insured within 90 days of the claims arising.

The Claimant is a person who is either the life assured (if alive) or policyholder (if different from the life assured) or the assignee or the nominee or the legal heirs of policyholder / nominee (s) to whom the policy benefit will be payable

In case of death post the first 5 years, the chosen Sum Assured under the LIC pension plan including the accumulated Guaranteed Additions, Simple Reversionary Bonuses and Final Additional Bonus, if any till the date of death is payable to the nominee who can avail the death benefit whether in lump sum or annuity or partly in lump sum and partly in annuity depending on his choice

If all due premiums are paid, then, in case of unfortunate death of the life assured during the policy term, the Sum Assured on Death as mentioned below will be payable as death benefit to the nominee:

Death Benefit: If the Life Insured dies within the policy tenure, then the Sum Assured on Death + accrued Bonuses would be payable to the nominee