Sentences with phrase «death benefit options under»

There are two death benefit options under the plan.

Death Benefit Options: There are four classifications for death benefit options under universal life insurance policies and these are as follow: a. Level death benefit: This only covers the amount accumulated during the length of the policy.

The plan can be customized by adding Accidental Death Benefit option under which an extra benefit equal to the Guaranteed Sum Assured subject to a maximum of Rs. 50 lakhs is paid in case of accidental death

The death benefit option under the plan is flexible and can be taken in lump sum, as monthly instalments or in a combination of both.

Not exact matches

This Act mandated that insurers provide written notice to policyowners, if an insured is 60 or older or is known by the insurer to be terminally or chronically ill, and if a policy owner requests to surrender the policy, request an accelerated death benefit under the policy, or when an insurer sends notice to the owner that the policy may lapse, that there are options to lapse or surrender available to them.

Under universal life insurance option B, the policy proceeds increase over time and are equal to the cash value plus the death benefit.

The death benefit will not increase under option A unless excess premiums are paid.

Fixed annuities offer a standard death benefit of a lump sum payment or withdrawals under an income option of the full value of the contract at time of death.

Under option B, the death benefit grows in relation to the cash value.

Under option A, the death benefit is fixed.

Under either option, a higher death benefit may apply if the value in the Policy Account reaches a certain level relative to the Face Amount.

This Act mandated that insurers provide written notice to policyowners, if an insured is 60 or older or is known by the insurer to be terminally or chronically ill, and if a policy owner requests to surrender the policy, request an accelerated death benefit under the policy, or when an insurer sends notice to the owner that the policy may lapse, that there are options to lapse or surrender available to them.

Universal life insurance structured under Option B is designed so that proceeds of the policy rise in value over time and equal the death benefit plus the cash value.

We recognise that individuals and funds did what they believed was a valid option to prepare for the changes, and we are looking to provide a PCG clarifying that we will not undertake compliance action where someone has rolled a death benefit income stream to accumulation phase under the current law.

The death benefit does not increase under Option A, unless excess premiums are paid into the policy's cash value.

Insurers can pay death benefit in installments over a definite period of time and at a defined rate of interest, as approved under the «file and use» procedure on the declining balance if such an option is provided at the inception of the policy.

Income Plus Option — under this HDFC term insurance plan, the entire death benefit which is the chosen Sum Assured is paid out in case of death of the life insured.

Life option — under this HDFC term insurance plan, the death benefit is paid in lump sum in case of unfortunate death of the life insured

Under the first Option of Death Benefit called Option A, the Sum Assured net of the Terminal Illness Benefit already paid is paid to the nominee

Under the added paid - up options the policyholders are allowed to get their paid - up additions using their bonuses which would accumulate in their plan making this plan an additional guaranteed assured - sum which is paid as maturity or death benefits.

Under the level option, the death benefit is level to the face amount of your policy.

The death benefit is available under two options.

In case of death, the benefit can be taken either in lump sum, or in instalments under the Regular Annual Payout option or 50 % in lump sum and 50 % in instalments as per the policyholder's choice.

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.

Under both the death benefit options, all future premiums are waived off on death and the plan continues.

Under Benefit Option 2, higher of the SA including the top - up SA 105 % of all premiums paid is payable immediately on death.

The death benefit payable will be the amount higher of the Sum Assured or 10 times the annual premium or 105 % of total premiums paid till the date of death for regular premium payment option and higher of Sum Assured or 125 % of the Single Premium paid under the Single Premium payment option.

If the policyholder chooses the Save Benefit under any of the plan option, then on death or critical illness, the Sum Assured is paid to the beneficiary who is the child, all future premiums are waived off and paid for by the company and the plan continues.

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

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 nomdeath of the insured during the tenure of the plan, the Sum Assured and an additional Accidental Death Benefit is paid to the nomDeath Benefit is paid to the nominee.

Under Option B, 50 % of the death benefit is paid in lump sum and the remaining is paid in instalments under the Family Income BenUnder Option B, 50 % of the death benefit is paid in lump sum and the remaining is paid in instalments under the Family Income Bbenefit is paid in lump sum and the remaining is paid in instalments under the Family Income Benunder the Family Income BenefitBenefit.

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.

Accidental Death Benefit Rider can be availed under the plan for a more enhanced coverage option.

Under the Classic Waiver option, the death benefit will be higher of the Sum Assured on Maturity or 10 / 7 times the annual premium depending on the age of the policyholder or 105 % of all premiums paid till the date of death.

Under the instalment option, 20 % of the Sum Assured is paid on death and the remaining benefit can be availed over a period 10, 15 or 20 years @ 11 %, 8.37 % or 7.12 % of the Sum Assured respectively.

Thus, there is an inbuilt Accidental Death Benefit Rider under the Extra Life option

A hybrid plan with the death benefit, plus full maturity benefits under some options.

Life insurance offers a range of options to choose from - investments under a unit - linked plan, funds for child's education / marriage under a child plan, regular income under a pension plan, death benefits under a term plan, etc..

Under option B with the same policy, the $ 20,000 in cash value would be added to the $ 50,000 face - value amount to create a $ 70,000 death benefit.

This Act mandated that insurers provide written notice to policyowners, if an insured is 60 or older or is known by the insurer to be terminally or chronically ill, and if a policy owner requests to surrender the policy, request an accelerated death benefit under the policy, or when an insurer sends notice to the owner that the policy may lapse, that there are options to lapse or surrender available to them.

All the benefits under the «life» option are covered plus additional accidental death benefit.

All the benefits under «life» option are covered plus additional cover for the accidental death benefit and critical illness benefit

Option A - Lump sum Protection Under this option, the Death Benefit shall be paid to the nominee as a lump sum in the event of Option A - Lump sum Protection Under this option, the Death Benefit shall be paid to the nominee as a lump sum in the event of option, the Death Benefit shall be paid to the nominee as a lump sum in the event of dDeath Benefit shall be paid to the nominee as a lump sum in the event of deathdeath.

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 pOption 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 poption, 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.

This is a dual death benefit plan under which a complete sum assured is paid in the first option and in the second option after death of the insured, the insurance company pays 50 % of the total sum assured immediately to the nominee of the insured and the remaining amount is paid monthly as a regular income at 3 %.

Under the Income Option in HDFC Click To Protect Plus, 10 % of the Death Benefit is paid in lump sum on dDeath Benefit is paid in lump sum on deathdeath.

On death of the policyholder, the death benefit under both the options will be higher of the SA on death or 105 % of all premiums paid + vested reversionary bonuses, Guaranteed Additions and terminal bonus, if any

Life Option: Under this cover option, nominees assigned by the policy holder are paid the lump sum benefit upon the diagnosis of terminal illness or the death of the policy hOption: Under this cover option, nominees assigned by the policy holder are paid the lump sum benefit upon the diagnosis of terminal illness or the death of the policy hoption, nominees assigned by the policy holder are paid the lump sum benefit upon the diagnosis of terminal illness or the death of the policy holder.

The nominee can choose to take 100 % of the death benefit in lump sum or 50 % in lump sum and 60 % in instalments under the Family Income Benefitbenefit in lump sum or 50 % in lump sum and 60 % in instalments under the Family Income BenefitBenefit option

Under the instalment option, 50 % of the benefit is paid in lump sum immediately on death and 60 % of the benefit is paid as a Family Income Benefit wherein 1 % of the benefit is paid every month following the month of death for up to 60 benefit is paid in lump sum immediately on death and 60 % of the benefit is paid as a Family Income Benefit wherein 1 % of the benefit is paid every month following the month of death for up to 60 benefit is paid as a Family Income Benefit wherein 1 % of the benefit is paid every month following the month of death for up to 60 Benefit wherein 1 % of the benefit is paid every month following the month of death for up to 60 benefit is paid every month following the month of death for up to 60 months.