Sentences with phrase «covers death of life assured»
SBI Life - Preferred Term Rider It covers death of life assured.
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His life cover is a Sum Assured of Rs. 1 crore and he chooses the lumpsum plus monthly income death benefit payout option.
This means they've covered all the bases, and can rest assured that life - and - death decisions for their pet won't be determined by an immediate lack of funds.
On the basis of riders for Lifelong Assure and Basic Life Cover like accidental death benefit, critical illness, etc, these plans can be compared.
The riders available include Aegon Life AD Rider which provides the payment of additional Sum Assured in case of accidental death, WOP Rider on CI where future premiums are waived if the insured is diagnosed with a Critical Illness while the coverage continues, iCI Rider covering four Critical Illnesses where the Sum Assured is paid in case the insured is diagnosed with any Critical Illness covered by the rider, Women CI Rider which covers women specific Critical Illnesses and provides part payment of the Sum Assured if the insured is diagnosed with any one of the covered illness.
After the deferment period comes to an end, the child's life is covered with the full Sum Assured and death after that period will result in full payment of the Sum Assured.
When you buy a term plan, you provide a basic protection cover to your family against any threat to your life; and the insurance company pays the sum assured to your nominee in the event of your death.
Rest assured your family is covered in the event of your untimely death by paying a small monthly premium for term life insurance coverage from Haven Llife insurance coverage from Haven LifeLife.
Money back plan is a life insurance product as well as an investment plan which provides life insurance cover against death of the policy holder along with periodic returns as a percentage of sum assured.
Term insurance is the simplest form of life cover, which pays the sum assured on death.
The life assured is covered against the risk of an unexpected death (natural or accidental death) during the policy period.
Basic Life Insurance Cover — In the case of Death of the Life insured, you get the higher of Sum Assured on Maturity, or 11 times the base annualized Premium
A pure risk cover offers financial protective shield against an untimely death of the life assured.
Means your family will get a sum assured life cover in case of your death and that's it.
In case of life assured's death, the nominee will receive the life cover and rider sum assured.
Offers an additional life cover which is same as equal to the sum assured in case of accidental death
Step 3: Choose the number of years (Payout Period) for which the regular income is to be paid to your nominee, in case of death of the Life Assured Step 4: Choose the duration of cover (Policy Term) and Premium Payment Term as per your convenience.
Ensuring that you are protected with over 50's whole life insurance means that you can rest assured knowing that in a case of death, your family will be taken care of financially and any other debt related expenses will be covered.
Level Cover — the chosen Sum Assured remains the same throughout the tenure of the SBI Life eShield plan and on death of the life insured during the term, the Sum Assured is paid to the nomLife eShield plan and on death of the life insured during the term, the Sum Assured is paid to the nomlife insured during the term, the Sum Assured is paid to the nominee
It is a non-participating single premium plan that assures guaranteed returns and offers a life insurance cover to take care of your loved ones after your death.
Extra Life Option: Under HDFC 3D Plus cover option, all the benefits of live cover option are provided to the policy holder along with an additional Extra Life Sum Assured option is provided to the nominee in the event of accidental death of the policy holder.
Firstly ULIP's give insurance cover which means that in the event of death of the Life Assured, the nominees are entitled to fund value of the Sum Assured
Term life insurance is meant to cover the risk of untimely death of the life assured.
Sum Assured / Life Cover - This is the amount that is payable to your dependents, in case of your premature death.
It provides you with a life — cover which means if an unfortunate event of death occurs to the policy holder his / her nominee will receive the sum assured.
Terminal illness Benefit: In case the life assured is diagnosed with any of the covered terminal illness, the life assured will receive the Death Benefit and the policy will terminate.
Accidental Death in - built cover: In case of an accidental death of the life assured, an additional sum assured is paid to the nominee along with the base sum assured of the Death in - built cover: In case of an accidental death of the life assured, an additional sum assured is paid to the nominee along with the base sum assured of the death of the life assured, an additional sum assured is paid to the nominee along with the base sum assured of the plan.
Life Cover: If the policyholder dies during the term of the plan, the sum assured shall be paid to the nominee and death pay - out shall be paid as per pre-decided option.
A term plan is a basic life insurance cover against death of the proposer or life assured.
In case of accidental death, additional amount equal to Sum Assured along with Sum Assured + Bonus + Final Addition Bonus (Accidental Life Cover) will be paid to nominee.
If death happens during the policy term (Before 25 years), 125 % of Sum Assured + Bonus + Final Addition Bonus (FAB) is paid to nominee and it is indicated as Normal Life Cover.
In case of accidental death, additional amount equal to sum assured is also added death claim amount, the calculation is indicated as Accidental Life Cover.
o Level Cover: The death payout under this plan option pays the opted sum assured to the nominee in the event of death of life insured during the policy term.
o Basic Life Cover: In case of the unfortunate event of death, the sum assured is paid as Lump Sum to the nominee.
It provides a dual financial cover with the sum assured payable on death of each of the life insured.
These policies are used to create a legacy for the next generation as the cover amount (Sum Assured) is paid irrespective of the age at death of the life aAssured) is paid irrespective of the age at death of the life assuredassured.
A joint life insurance cover pays the sum assured on death of each of the life insured, so the death benefit payable is twice compared to a separate life cover.
A ULIP plans also provides life cover that pays the sum assured amount to the family, in case of your unfortunate death.
A term rider acts like a Term Insurance plan which gives an extra life cover to the Life Assured at a very low cost and in the event of death, the nominee is paid base Sum Assured plus the Term Rider Sum Assulife cover to the Life Assured at a very low cost and in the event of death, the nominee is paid base Sum Assured plus the Term Rider Sum AssuLife Assured at a very low cost and in the event of death, the nominee is paid base Sum Assured plus the Term Rider Sum Assured.
Exclusions This Rider shall not cover the death, disability or dismemberment of the Life Assured being caused directly or indirectly by any of the following:
i) Max Life Online Term Plan Basic Life Cover: Under this plan, the sum assured is provided as lumpsum on the death of the life insuLife Online Term Plan Basic Life Cover: Under this plan, the sum assured is provided as lumpsum on the death of the life insuLife Cover: Under this plan, the sum assured is provided as lumpsum on the death of the life insulife insured.
If the death of the Life Insured happens after the Policy Term and during the Extended Life Cover Period, Sum Assured as chosen at inception of the policy shall be payable.
His life cover is a Sum Assured of Rs. 1 crore and he chooses the lump sum plus monthly income death benefit payout option.
Life Long Assure is a non-linked whole life plan with a cover up to age of 100 years, cash bonus starting from end of 6th year, guaranteed cash back starting from end of premium payment term and guaranteed benefit of up to 300 per cent of sum assured on maturity or death, whichever is earlier, the release sLife Long Assure is a non-linked whole life plan with a cover up to age of 100 years, cash bonus starting from end of 6th year, guaranteed cash back starting from end of premium payment term and guaranteed benefit of up to 300 per cent of sum assured on maturity or death, whichever is earlier, the release slife plan with a cover up to age of 100 years, cash bonus starting from end of 6th year, guaranteed cash back starting from end of premium payment term and guaranteed benefit of up to 300 per cent of sum assured on maturity or death, whichever is earlier, the release said.
In the event of death of the any one of the two lives covered during the policy term, the Sum Assured on 1st Death as 1.25 times of single premium is paydeath of the any one of the two lives covered during the policy term, the Sum Assured on 1st Death as 1.25 times of single premium is payDeath as 1.25 times of single premium is payable.
An endowment plan offers the insurance benefit by providing the life cover or sum assured to the nominee in the event of the death of the life insured during the policy term.
On death of the Life Assured during the extended life cover period, Basic Sum Assured will be paid and the contract terminates immediatLife Assured during the extended life cover period, Basic Sum Assured will be paid and the contract terminates immediatlife cover period, Basic Sum Assured will be paid and the contract terminates immediately.
Maturity Benefit Options (a) Enhanced Cash Option: · Sum Assured + Reversionary Bonus + Interim Bonus (if any) + Terminal Bonus (if any) + · Enhanced Terminal Bonus OR (b) Enhanced Cover Option: · Sum Assured + Reversionary Bonus + Interim Bonus (if any) + Terminal Bonus (if any) · And Additional Sum Assured payable on death of Life Assured upto the age of 99 Years.
One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Reliance Group Credit Assure Plan and Basic Life Cover.
Benefit Option 1 — Life cover: Death benefit (base sum assured) will be paid to nominee on the death of the insDeath benefit (base sum assured) will be paid to nominee on the death of the insdeath of the insured.