Sentences with phrase «death benefit to customers»

Further, Irda has asked the insurer to provide similar death benefit to customers for two of its products, since those taking the policy on or after April 1, 2012 were given higher death benefits.

Not exact matches

With consumers living longer, new products are being developed with extended guarantees, enhanced death benefits and long - term care riders to provide more benefits to customers.

For instance, for an American, there may be term insurance, permanent insurance, whole life, universal life, long term care insurance, accidental death, critical illness insurance, disability insurance, variable products, graded and modified, guaranteed premiums, living benefits, return of premium, policies for 5,10,20,30, or for life coverage — all very confusing to a potential customer.

Transamerica, an A + rated company founded in 1904, offers unique options, with a few of their term life products, such as Living Benefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requiBenefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requibenefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requirements.

DollarWise provides maximum cash accumulation within the account and also provides a competitive death benefit that passes to your customer's heirs tax - free.

While the minimum death benefit and surrender value have been altered for traditional product customers who stay invested in a policy for a longer period, in the case of unit - linked insurance products (Ulips), insurers will have to intimate customers about changes in the yield of the Ulip every month.

When it comes to understanding what some of the disadvantages of purchasing a guaranteed acceptance life insurance policy are, the first thing a client or potential customer needs to understand is what the term «Graded Death Benefit» means, and how it could potentially influence whether or not a guaranteed life insurance policy will be the right option for them.

For customers seeking life insurance coverage over age 50, North American allows a portion of their death benefit to go towards long - term care expenses, such as nursing homes or hospice care.

This plan offers an accidental death and disability benefit to the customer and for the first five years, it gives an assured addition of Rs. 50 per thousand of the sum assures for the every completed year.

The customer's goals were to get a permanent death benefit and he was interested in building cash value.

Tata Docomo, the telecom brand of Tata Teleservices Ltd. (TTSL), has partnered with Edelweiss Tokio Insurance to offer free accidental death insurance benefit of up to Rs 3 lakhs to its prepaid GSM customers in the Mumbai grid.

Above this to fulfill the requirements of the customer the company also provide add - on coverages like accidental death benefit rider, accidental total and permanent disability rider and critical illness rider.

10 % of Sum assured benefit after death till maturity period and at the end of policy Sum assured + vested bonus + FAB is beneficial to the customer.

Sir I purchased the iprotect smart plan on 12.12.2015 and paid the premium amount online.I wrote to them regarding change of death benefit option on 14.12.2015 after speaking to their customer care My medical was conducted on 15.12.2015 and the policy is not yet been issued.

Unlike a CI rider, this product provides Accelerated CI options (which means the policy will continue with the death benefit reduced to the extent of the critical illness sum assured paid) in two variants (7 illnesses and 35 illnesses), depending on the requirements of the customer, which is a cost effective feature and caters to a unique need.

These products primarily cater to the protection of income need of the customer and in case of death during the term of the policy contract; the specified sum insured / death benefit is paid to the nominee specified in the policy.

If the insured was to die as a fare paying customer on an airplane, train, or bus; Mutual of Omaha will automatically provide an extra benefit that is equal to the face value of the policy up to $ 250,000 in addition to the policy's normal death benefit.

While the minimum death benefit and surrender value have been altered for traditional product customers, who stay invested in a policy for a longer period, in the case of unit - linked products (Ulips), insurers will have to intimate customers about changes in the yield of the Ulip every month.

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Death Benefit + Terminal Illness Benefit + Critical Illness Benefit - Basic (Covering 10 Critical Illnesses)(This is not available to customers who have diabetes.)

Posted in accelerated death benefit, conversion, customer service, guarantee, honesty, Independent agent, insurance, life insurance Tagged accelerated benefit rider, annual review, close the sale, conversion option, good customer service, indexed universal life, insurance, keeping you informed, life insurance, life insurance customer service, life insurance earned bad repuration, no customer service, one bad product to another, open and honest, opportunity to sell, push to close the sale, total honesty, universal life, variable universal life, what's guaranteed, what's not guaranteed 1 Response

Posted in beneficiary, claim, customer service, death benefit, incontestability, Independent agent, insurance, life insurance, life insurance claim, life insurance claim process Tagged 2 to 4 weeks to get death certificate, certified copy of death certificiate, claim for life insurance, claim investigation, claim process gone wrong rare, funeral home collateral assignment, insurance, life insurance, life insurance claim, life insurance claim process, lost policy affidavit, obituary, send original policy with claim, two year incontestability period, your agent will discuss process with you

Death Benefit + Terminal Illness Benefit + Critical Illness Benefit - Enhanced (Covering 36 Critical Illnesses)(This is not available to customers who have diabetes.)

While the minimum death benefit and surrender value have been altered for traditional product customers who stay invested in a policy for a longer period, in the case of a Ulip, insurers will have to intimate customers about changes in the yield of the plan every month.

The customer has the choice of opting for Accidental Death benefit options that pays an additional amount equal to the Basic Sum assured in case of unfortunate death due to acciDeath benefit options that pays an additional amount equal to the Basic Sum assured in case of unfortunate death due to accideath due to accident.

While the minimum death benefit and surrender value was altered for traditional product customers who stayed invested in a policy for a longer period, in the case of unit - linked products (Ulips), insurers had to intimate customers about the changes in the yield of the Ulip every month.

How to claim death benefit in case of demise of customer?