Sentences with phrase «death benefit payout option»
The phrase "death benefit payout option" refers to the choice or way in which a sum of money is given to someone after a person's death. Full definition
His life cover is a Sum Assured of Rs. 1 crore and he chooses the lump sum plus monthly income death benefit payout option.
bharti-axalife.com
It offers different death benefit payout options to suite individual requirements.
Multiple Death Benefits Payout Options are offered for Protection according to your Family's Needs:
At the commencement of the Policy, the Life Insured has a choice to pick any one of the following Death Benefit Payout options:
His life cover is a Sum Assured of Rs. 1 crore and he chooses the lumpsum plus monthly income death benefit payout option.
If you or your spouse own an annuity, or if you are the beneficiary of one, you must familiarize yourself with the various income tax consequences of the different death benefit payout options.
In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have been paid.
In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a Lumpsum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have been paid.
You can choose between two death benefit payout options, immediate payout and recurring payout.
You have the option to choose between two Death Benefit Payout options
Death Benefit Payout option: The policyholder can opt either lump sum option or installment option.
In case, any of the mentioned Critical Illness occurs, the Benefit is paid to you as a Lump sum amount, as selected during the inception, heedless of the death benefit payout option you choose, subject to the policy being in function and the payment is made for all the due payments.
At the time of obtaining the coverage under the Plan, you can select any of the death benefit payout options mentioned below, depending upon your requirements:
You can choose the death benefit payout options as lumpsum or income along with the number of months you want the death benefit to be paid and also between equal or increasing monthly sums compounded @ 5.00 % per annum.
In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have been paid.
His life cover is a Sum Assured of Rs. 1 crore and he chooses the lump sum plus monthly income death benefit payout option.
His life cover is a Sum Assured of Rs. 1 crore and he chooses the lumpsum plus monthly income death benefit payout option.
In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a Lumpsum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have been paid.