Sentences with phrase «death benefit payable under»

Additional Benefit equal to Sum Assured is payable in addition to the Death Benefit payable under the plan.

Subject to the Policy being in force, as on the date of death, the death benefit payable under the product will be Higher of: 1.

Following is the death benefit payable under this plan.

Death Benefit There is no death benefit payable under this plan.

The Death Benefit payable under this plan also includes higher of Top - up Sum Assured or Top - up Fund Value, in case of each Top - up Premium.

The death benefit payable under the plan is equal to 2.5 times the amount of this premium payment.

The variable life insurance policy can offer a guaranteed death benefit payable under the policy.

The death benefit payable under this Reliance term insurance cover will be the applicable Sum Assured

In case of «Whole Life Plan'the policy holder is obliged to pay a fixed amount of premium on a regular basis till the term of the policy, failing which will cease the death benefit payable under the policy.

When there is «gap,» or difference, between the cash value of the policy and the death benefit payable under the policy, this difference is the «net amount at risk» since it represents an amount of money that the insurer needs to pay with money that the policy has not yet earned.

To do this, add all available savings, stocks, bonds, mutual funds, the death benefit payable under existing life insurance (such as group life through your employer), and Social Security.

Where an ICBC insured at the date of death resulting from a motor vehicle accident comes within an age group set out in column A of the following Table and the insured has the status set out in column B, C or D, the amount of death benefit payable under section 92 is the amount set out below that status and opposite that age group.

The amount of an additional death benefit payable under section 93 (2)(a) in respect of an accident occurring on or after January 1, 1987 is $ 145 a week.

The amount of a survivor's death benefit payable under section 93 (2)(b) in respect of an accident occurring on or after January 1, 1987 is $ 35 a week.

Subject to the Policy being in force, as on the date of death, the death benefit payable under the product will be Higher of: 1.

If you borrow against an existing policy to pay premiums on a new policy, death benefits payable under your existing policy will be reduced by the amount of any unpaid loan, including unpaid interest.

Not exact matches

No benefits are payable, if the death is due to the scenarios mentioned under Terms and Conditions - «Exclusions in case of death due to Accident» — refer Sales Literature.

Under the terms of our annuity contracts currently being issued, if the annuity contract is owned by an individual other than the annuitant, no death benefit is payable in the event of the annuitant's death.

The minimum amount payable under death benefits or maturity guarantees provided for under the terms of the segregate fund contract.

The person or party that will receive any death benefit payments payable under the annuity contract.

Benefits that can be reduced under a critical status plan include certain post-retirement death benefits, subsidies that are payable in optional forms of benefit, early retirement subsidies, and benefit increases that were put into place less than 60 months before the plan first entered criticalBenefits that can be reduced under a critical status plan include certain post-retirement death benefits, subsidies that are payable in optional forms of benefit, early retirement subsidies, and benefit increases that were put into place less than 60 months before the plan first entered criticalbenefits, subsidies that are payable in optional forms of benefit, early retirement subsidies, and benefit increases that were put into place less than 60 months before the plan first entered critical status.

Under the second variant, a death benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your Benefit at the conclusion of the Term of your policy.

(2) Notwithstanding anything in this Act, but subject to subsections (2.1) and (2.2), an application for a benefit, other than a death benefit, that would have been payable in respect of a month to a deceased person who, prior to the person's death, would have been entitled on approval of an application to payment of that benefit under this Act may be approved in respect of that month only if it is made within 12 months after the death of that person by the estate, the representative or heir of that person or by any person that may be prescribed by regulation.

Furthermore, in order to address the possibility that an employee with a shortened life expectancy could accelerate the annuity starting date in order to avoid this rule, this table is available only if, under the contract, no benefits are payable in any case in which the employee selects an annuity starting date that is earlier than the specified annuity starting date under the contract and the employee dies less than 90 days after making that election, even if the employee's death occurs after his or her selected annuity starting date.

Under a QLAC, the only benefit permitted to be paid after the employee's death is a life annuity, payable to a designated beneficiary, that meets certain requirements.

Terminal illness benefit is a one - time acceleration of up to 50 percent of the death benefit proceeds payable under the base policy, not to exceed $ 250,000.

This rider enables your spouse, if he or she is the sole primary beneficiary, to continue your policy upon your death as the new owner, at a potentially higher policy value that includes any amount that would be payable under the Enhanced Beneficiary Benefit Rider.

The benefits payable under the plan will be paid as promised without being affected by the death of the insured.

Provides the benefit of waiver of all future premiums payable under the base Life Insurance Policy on the earlier occurrence of Untimely Death, Accidental Permanent Total Disability or Critical Illness.

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.

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

Death benefit is the only benefit payable under the plan which is paid

It is the benefit payable to the beneficiary on the event of the death of the life assured under the terms of the policy.

An Accelerated Death Benefit, may also be known as Accelerated Life Insurance Policy, under which part of the death benefit of your life insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior to dDeath Benefit, may also be known as Accelerated Life Insurance Policy, under which part of the death benefit of your life insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior toBenefit, may also be known as Accelerated Life Insurance Policy, under which part of the death benefit of your life insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior to ddeath benefit of your life insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior tobenefit of your life insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior to deathdeath.

The death benefits which are payable under your policy can not be taxed!

Any sum received other than as death benefit under an insurance policy which has been issued on or after April 1 2003 and if the premium payable in any of the years during the term of the policy does not exceed 20 % of the sum assured.

Whether the Death benefit is payable in case of death of any spouse / children covered under the poDeath benefit is payable in case of death of any spouse / children covered under the podeath of any spouse / children covered under the policy?

Upto 50 % of total term plan cover or Rs. 50 lacs, whichever is lower, can be paid under the critical illness (CI) benefit and the balance life cover will be carried forward (with reduced future Premiums payable) and payable on death.

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 policy.

Since the funds are not a loan to the policyholder, the amount paid out under the accelerated death benefit will be deducted from the death benefit payable to the beneficiary.

Suicide exclusion under Death Benefit: - In case the insured member commits suicide whether sane or insane, within 12 months from the policy inception date or from the date of inception of the member under the group insurance scheme, whichever is later, then higher of 80 % of the premiums paid or surrender value in respect of concerned insured member is payable to the nominee / beneficiary.

The death benefit which is payable under this HDFC pension plan will be the amount which will be higher among the fund value on the date of death or 105 % of premiums paid till death

The weekly indemnity benefit payable under the Temporary Total Disability Benefit is 1 % of the Accidental Death Sum Assured subject to a maximum of Rs. 10, 000 per week for a maximum of 104benefit payable under the Temporary Total Disability Benefit is 1 % of the Accidental Death Sum Assured subject to a maximum of Rs. 10, 000 per week for a maximum of 104Benefit is 1 % of the Accidental Death Sum Assured subject to a maximum of Rs. 10, 000 per week for a maximum of 104 weeks.

Under shield, the death benefit is payable in case of the demise of the life assured.

The death benefit payable will be higher of 10 times the annual premiums payable under the plan if the insured is aged less than 45 years or 7 times the annual premiums payable under the plan if the insured is aged 45 years and above, the chosen Sum Assured, the return of the total premiums paid till the date of death or 105 % of total premiums paid whichever is the highest.

^ ^ Life benefit refers to the Sum Assured under the plan that will be payable on death of the life assured.

Apart from this, if the insured owns a joint term insurance policy, then only one death payout is offered under the policy, even in the case of accidental death of both the insured persons, only one death benefit is payable to the beneficiary of the policy.

In case of death post the first 5 years, the chosen Sum Assured under the LIC pension plan including the accumulated Guaranteed Additions, Simple Reversionary Bonuses and Final Additional Bonus, if any till the date of death is payable to the nominee who can avail the death benefit whether in lump sum or annuity or partly in lump sum and partly in annuity depending on his choice

Bajaj Allianz ULIP Waiver of Premium Benefit Rider provides the benefit of waiver of all future premiums payable under the policy on the earlier occurrence of untimely death, accidental permanent total disability or critical iBenefit Rider provides the benefit of waiver of all future premiums payable under the policy on the earlier occurrence of untimely death, accidental permanent total disability or critical ibenefit of waiver of all future premiums payable under the policy on the earlier occurrence of untimely death, accidental permanent total disability or critical illness.