Sentences with phrase «cover as a lump sum amount»

A premium waiver benefit offers such an offering where the insurer pays for the premium costs if the policyholder expires during policy tenure and also pays out a death cover as a lump sum amount to the child on maturity.

Not exact matches

the added amount that covers any lump sum payment you receive as a result of the «cash - out;» this includes closing costs / payoffs

Its actually an additional cover, 1 crore sum assured as lump sum and 40ooo per month for next 10 years, total cover amounting to 1.48 crores.

As the sum to be repaid would be a sizable five figures, I would not be able to provide a lump sum without a loan to cover most of the amount.

On the first diagnosis of any of the covered critical illnesses, the entire CI benefit amount of Rs. 10 lakhs will be paid as a lump sum, irrespective of the actual expenses incurred on treatment.

The policy offers you a life insurance cover that gives your family a lump sum amount as well as the vested bonuses and terminal bonus (if any) in the policy.

With insurance plans that offer cover for such illnesses, a certain percentage of the total sum assured is paid as a lump sum amount upon diagnosis.

On the first diagnosis of any of the 34 covered critical illnesses, the entire CI benefit amount will be paid as a lump sum, irrespective of the actual expenses incurred on treatment.

You must be thinking that why shouldn't you opt for a term plan instead of a child insurance plan as it offers a high cover at a low cost giving out a lump - sum amount to the nominee.

However, the Premium that you pay at regular intervals provide you with Risk cover and some lucrative sops, say a lump sum amount as Maturity benefit, and so on.

In the unfortunate event of death of the policyholder or parent invested in a child plan, future premiums are waived off while the child receives a lump sum beneficiary amount as life cover along with maturity cover benefits at the end of policy tenure.

Life Cover: If the policyholder dies during the policy term, the death benefits shall be paid to the nominee as a lump sum amount and future premium will be paid off and shall be paid by the company itself.

As the family gets a lump sum amount, they can cover the future expenses without creating a financial burden on themselves.

Critical Illness plans from HDFC ERGO help you ensure protection for yourself & your family, as it provides a lump sum amount to cover expenses incurred during treatment and care.

While health insurance will cover your medical expenses in case of hospitalisation, a critical illness plan or rider will provide a lump sum amount upfront on diagnosis of any of the listed critical illnesses, such as cancer.

This cover pays a lump sum fixed amount if the insured develops certain pre-specified diseases such as cancer, stroke, kidney failure etc..

In this case, Mr. Sharma will get lump sum amount of Rs. 10 Lac as Sum Assured of Critical Illness cover and the health insurance policy will expire.

In this case, the family of Mr. Sharma will get lump sum amount of Rs. 1 Cr as Sum Assured of Term Insurance cover and both health and term insurance policies will expire.

In case of major condition detection, the company pays out 100 % of the cover amount as a lump sum and the policy is terminated.