Sentences with phrase «case of death of the parent»

With this policy, the policyholders ensure the protection of their child's future in case of the death of the parent.

These details do not get updated in case of death of parents or after marriage of the policy holder.

Or, for plans with benefits such as in - built accidental death, children's plans that waive premium in case of death of the parent.

By paying benefits twice in the case of death of the parent, the plan also provides the needed funds both for the immediate use and also for the future use.

The premium waiver is particularly important as in case of the death of the parent, the insurer waives off future premiums while continuing to fund the insurance policy till maturity.

In case of death of parent the remaining premiums are paid by the insurance company.

In case of death of the parent, the policy continues to remain valid, without the need of paying any future premiums

The companies also provide an additional death benefit in case of a death of a parent.

In addition, all the future premiums due in the policy are paid by the Insurance company into the Policy fund, thus ensuring continuation of investment even in case of death of the parent.

In case of death of the parent, it ensures that the financial goal for the child is still met without the need to pay future premiums.

There are several child specific Ulips, which have special riders such as waiver of future premium in the case of death of the parents.

Your savings can be invested in a bank FD or mutual funds so that in case of death of parent, additional term insurance would be useful, otherwise, your savings would help in meeting child education or their marriage goals.

In case of death of Parents, further premiums will not be required to pay.