Sentences with phrase «benefits during the plan tenure»

Not exact matches

Under another benefit called the Funding of Future Premiums, in case of death of the insured during the tenure of the plan, the company waives off the premiums and pays it towards the plan itself.

If the insured dies during the tenure of the plan, the Guaranteed Death Benefit along with the accrued Paid - up Additions and any Terminal Bonus is paid to the nominee

This benefit is payable for only one occurrence during the entire plan tenure.

In case of death of the insured during the tenure of the plan, the death benefit payable will be higher of 10 times the annual premium or 105 % of all premiums paid till death or the Maturity Sum Assured.

These term plans are called level term plans in industry parlance as the nominees receive the same level of death benefit if the worst comes to pass during the tenure of the term policy.

In Hospital Surgery Benefit: If during the tenure of the insurance plan, the insured person is hospitalized as a result of bodily injury or Sickness and is charged for any surgical procedure, then the company will pay an amount equal to the costs of the surgical procedure or the amount as stated in the Benefits Table as a percentage of the Total Sum Insured whichever is lesser.

The policyholder may additionally choose the disability benefit option under which, in case of death or disability of the insured during the tenure of the plan, the aggregate of all future premiums is paid which can be availed immediately in lump sum or can be invested in the fund where it will attract market linked returns.

The plans promise considerable benefits if the policyholder dies during the tenure of the plan.

In case of death of the insured during the tenure of the plan, the Death Benefit is paid which is higher of the Sum Assured or 10 times the annual premium paid or 105 % of total premiums paid till the date of death or the maturity Sum Assured

In case of death of the insured during the tenure of the plan, the death benefit will be payable which will be higher of the Sum Assured or 10/7 times the annual premium paid depending on the age of the policyholder or 105 % of all premiums paid till the date of death.

Under this Max Life term plan, in case of death during the chosen tenure, the death benefit is paid which is equal to the Sum Assured

In case of death of the insured during the plan tenure, the death benefit is higher of the basic Sum Assured net of partial withdrawals or the Fund Value including loyalty additions or 105 % of all premiums paid till the date of death

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

In case of death of the insured during the plan tenure, the death benefit is higher of the basic Sum Assured including top - up Sum Assured or the Fund Value including top - up fund value or 105 % of all premiums paid till the date of death

The plan promises multiple benefits in case of insured's death during the tenure of the plan.

In case of death of the insured during the plan tenure, the death benefit payable is higher of the basic Sum Assured or the Fund Value subject to a minimum of 105 % of all premiums paid till the date of death

In case of death of the insured during the plan tenure, the death benefit is higher of the basic Sum Assured including top - up Sum Assured net of partial withdrawals or the Fund Value including top - up fund value or 105 % of all premiums paid till the date of death

Under Option B, in case of death of the insured during the tenure of the plan, the Sum Assured and an additional Accidental Death Benefit is paid to the nominee.

In case of death of the insured during the tenure of the plan, a benefit higher of 10 times the annual premium or base Sum Assured or minimum guaranteed Maturity Sum Assured or 105 % of all premiums paid till the date of death is payable along with the vested reversionary bonuses.

There is an inbuilt Payout Accelerator Benefit which pays 50 % of the Sum Assured immediately if the insured is diagnosed with a terminal illness during the tenure of the plan.

If the chosen Benefit Payment Preference is Save - n - Gain under any of the plan option, in case of death or critical illness suffered by the insured during the tenure of the plan, the Sum Assured is paid to the beneficiary who is the child, all future premiums are waived off and 50 % of the premiums are paid by the company towards the plan and 50 % to the beneficiary on every premium due date and the plan continues.

The policyholder can nominate a person (the beneficiary) to receive the Death Benefit in the event of the demise of the life insured or make a change in nomination at any time during the tenure of the plan, provided the plan is in force, by submitting a written request to the insurance company.

This ensures you benefit from the low premium during the long tenure of the term plan.

These benefits are paid during the plan tenure and on maturity, the remaining Sum Assured is paid along with vested bonuses.

However, if the insured dies during the plan tenure, the full Sum Assured is paid irrespective of the Survival Benefits already paid.

A term plan pays a benefit only if the insured dies during the tenure of the policy.

In case of death of the insured during the tenure of the plan, the death benefit will be payable which will be higher of the Guaranteed Sum Assured or 10times the annual premium paid or 105 % of all premiums paid till the date of death.

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.

There are various benefits available under this plan which a policyholder can enjoy only after finalizing the insurance contract but it should be during the tenure of the insurance.

This hospital daily cash benefit will be paid once by the insurance company during the tenure of your policy, and can be used for certain number of days as mentioned in your health insurance plan.

In case of death of the insured during the tenure of the plan, the death benefit will be payable which will be higher of the Maturity Sum Assured or 10 times the annual premium paid or 105 % of all premiums paid till the date of death.

In case of death of the insured during the plan tenure, a benefit higher of 105 % of all premiums paid including any top - up premiums paid or aggregate premiums paid including any top - up premiums compounded @ 1 % or the available balance in the Individual Pension Account is payable to the nominee

In case of death of the insured during the plan tenure, the death benefit is higher of the basic Sum Assured including top - up Sum Assured or the Fund Value or 105 % of all premiums paid till the date of death

In case of death of the insured during the tenure of the plan, a Guaranteed Death Benefit is paid which is higher of the Sum Assured or 10 times the annual premium paid subject to a minimum of 105 % of total premiums paid till the date of death.

Along with the death benefit offered to group members during the tenure of the policy, the plan also offers many more additional benefits like:

In case of death of the insured during the tenure of the plan, the death benefit payable depends on the applicable variant at the time of death.

On death of the insured during the plan tenure, higher of the Guaranteed Maturity Benefit or the Sum Assured along with the Guaranteed Loyalty Additions, vested bonuses, interim bonus and any Terminal Bonus is paid

In case of death of the insured during the tenure of the plan, the death benefit payable will be higher of the Sum Assured which is the annual premium multiplied by the Sum Assured multiple or maturity Sum Assured or 105 % of premiums paid till death

If Raghav dies during the plan tenure Rs. 50 lakhs would be paid as death benefit.

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

The plan can be taken for a basic cover or a cover with Critical Illness benefit inbuilt in the plan option which provides an additional Sum Assured in case the life insured suffers a critical illness during the plan tenure.

Death benefit — the death benefit is paid in case of death of the life insured during the plan tenure.

Guaranteed Loyalty Additions are paid during the plan tenure which increases the benefits paid under the plan.

Option 2 — if Mr. Sharma survives the plan term, the maturity benefit is paid which is the total premium is paid during the plan tenure, i.e. Rs. 5 lakhs.

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.

The main feature of LIC's New plan — Jeevan Umang is it provides annual Survival Benefits from the end of the PPT (Premium Paying Term) till policy maturity and also pays lump sum amount at the time of maturity (or) on death of the policyholder (during the policy tenure).

The plan provides Coverage for the entire policy tenure, i.e. in case the Life Assured dies anytime during the policy tenure, the Death Benefit is paid to the nominee and the policy terminates.

For example, Endowment Policies have a lump - sum maturity benefit, Money Back Plans have regular payments during the entire policy tenure as pre-defined schedule and Unit Linked Insurance Plans have an opportunity to choose your investments even in equity!

Money back plans provide liquidity during the plan tenure by paying survival benefits at regular intervals.