Sentences with phrase «death benefit to the nominee in»

Term insurance, as the name suggests, is valid for a specific period of time and offers death benefit to the nominee in the event of the death of insured.

The Birla Sun Life Protect @Ease Term Plan offers death benefit to your nominee in case of your untimely death.

It is a cost - effective term plan that offers a death benefit to the nominee in case of your death during the term of the policy.

The product offers comprehensive death benefit to the nominee in case of death of Life Insured during the policy term, provided the policy is in force.

The premium component of a Term Plan comprises of the mortality charges as per the age plus very minimal policy issuance charges (which is a one time charge) to provide the death benefit to the nominees in case of the demise of the life insured during the policy term.

Not exact matches

The Rider Sum Assured in addition to the Death Benefit under the Base Policy will be paid to the nominee and the rider will cease to exist.

Family Care Benefit, is a unique proposition by way of which, a part of the life insurance benefit i.e. Rs 100,000 is paid as a lumpsum to the nominee in case of death of the life insured, within 48 hours ** of submission of all relevant claim docBenefit, is a unique proposition by way of which, a part of the life insurance benefit i.e. Rs 100,000 is paid as a lumpsum to the nominee in case of death of the life insured, within 48 hours ** of submission of all relevant claim docbenefit i.e. Rs 100,000 is paid as a lumpsum to the nominee in case of death of the life insured, within 48 hours ** of submission of all relevant claim documents.

what r dif typs of accidental & other deaths included in term life insurence in order to claim death benefits to nominee without any hurdles?

Life Insurance Benefit: In case of the unfortunate event of death of the life insured, the nominee will receive Higher of (110 % of Sum Assured for Money Back option and 125 % of Sum Assured for Endowment option) or 11 times the base annualized Premium to support your child in a time of neeIn case of the unfortunate event of death of the life insured, the nominee will receive Higher of (110 % of Sum Assured for Money Back option and 125 % of Sum Assured for Endowment option) or 11 times the base annualized Premium to support your child in a time of neein a time of need.

The person who is nominated to receive the benefits of the policy, in the event of Life Insured's unfortunate death before maturity date is called the Nominee.

Death Benefit: In case of death of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highesDeath Benefit: In case of death of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highesdeath of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highesdeath will be paid to the nominee which is highest of:

Accidental Death Benefit — In case of a death due to accident, the PA policy would pay 100 % Sum Assured to the nominee / beneficDeath Benefit — In case of a death due to accident, the PA policy would pay 100 % Sum Assured to the nominee / beneficdeath due to accident, the PA policy would pay 100 % Sum Assured to the nominee / beneficiary.

The death benefit would be payable to the nominee which has been specified in the policy.

On death before the vesting period, higher of the fund value or 105 % of premiums paid till the date of death is paid to the nominee who can either avail the death benefit in lump sum or avail annuity from it.

The benefit provides a payment of Rs. 1 lakhs of the Sum Assured in lump sum to the nominee within 48 hours of death of the insured if the company has been duly notified.

In case of suicide committed within 12 months of policy inception or policy revival only 80 % of premiums paid are returned to the nominee and no Death Benefit will be paid under the LIC term plan.

In any case, the death benefit paid to the nominee should not be lower than 105 % of the total premiums paid till the date of death.

The nominee can choose either to receive annuity payouts from the death benefit partly or in full or withdraw the lump sum amount

These term plans are called level term plans in industry parlance as the nominees receive the same level of death benefit if the worst comes to pass during the tenure of the term policy.

Note: The policy also offers the death benefit in terms of a sum assured to the nominee, in case the policyholder dies during the policy term.

So, in case of accidental death, the death benefit and the Accidental Death Benefit which is equal to the Sum Assured chosen under the policy is paid to the nodeath, the death benefit and the Accidental Death Benefit which is equal to the Sum Assured chosen under the policy is paid to the nodeath benefit and the Accidental Death Benefit which is equal to the Sum Assured chosen under the policy is paid to the benefit and the Accidental Death Benefit which is equal to the Sum Assured chosen under the policy is paid to the noDeath Benefit which is equal to the Sum Assured chosen under the policy is paid to the Benefit which is equal to the Sum Assured chosen under the policy is paid to the nominee

When a policyholder dies, the death benefit received by the nominee in case of type 2 ULIP is equal to sum assured plus fund value.

In case of suicide committed within 12 months of policy inception or policy revival only 80 % of premiums paid are returned to the nominee and no Death Benefit will be paid under this LIC term plan.

The nominee can avail the death benefit in lump sum or choose to receive the monthly Family Income Benefit of 1.5 % of the Sum Assured as and when it accrues, i.e. following the date of death of the insured till the end of the benefit in lump sum or choose to receive the monthly Family Income Benefit of 1.5 % of the Sum Assured as and when it accrues, i.e. following the date of death of the insured till the end of the Benefit of 1.5 % of the Sum Assured as and when it accrues, i.e. following the date of death of the insured till the end of the tenure.

In case of sudden demise of the member, nominee is entitled to get death benefit.

In case of death of the insured during the plan tenure, a death benefit which is higher of the minimum Sum Assured or 10 or 7 times the annual premium paid depending on the age of the policyholder is payable to the nominee subject to a minimum of 105 % of all premiums paid till the date of death

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

The nominee has an option to avail the death benefit in lump sum or in instalments.

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.

The policy offers the Sum Assured as the Death Benefit, which is paid to the nominee, thus protecting the loved ones in case of the sad demise of the policyholder.

The nominee receives the Assured Sum as the Death Benefit; this works as a protective shield for the nominees in situations when the policyholder is no longer around to help them.

The fixed amount paid by latter to the former is referred to as the premium payment and the lump - sum amount paid to the nominee in the event of the death of the latter if referred to as the death benefit.

In case the policy holder dies mid-tenure, the death benefits will be automatically transferred to the nominee.

Death benefit is paid as the total sum assured amount to the nominee of the policy in case of uncertain demise of the insured person of the policy.

Nominee is the person selected by the policyholder to receive the benefit in case of death of the life insured.

The annuity will be payable in arrears post deferment period as per payment frequency chosen by you, for as long as either of the primary or the secondary annuitant is alive.Death benefit is payable as a lumpsum to the nominee, on later of the deaths of the two annuitants.

This means that one can opt from various options on how death benefit is provided to nominee in case of policy holder's demise.

Hence, we offer you the Extra Life option in which, in addition to the life option benefits, your nominee will receive an additional sum assured in event of death due to an accident.

In case of the unfortunate event of death of policyholder during the income benefit period, the remaining payouts will be made to the nominee.

In the event of the death of the life assured due to an accident, the accidental death benefit will be paid to the nominee in addition to other death benefiIn the event of the death of the life assured due to an accident, the accidental death benefit will be paid to the nominee in addition to other death benefiin addition to other death benefits

Step 3 — if the life insured dies during the term of the plan, the death benefit is paid to the nominee in lump sum.

The death benefit means to the beneficiary or the nominee who is in most scenarios a family member.

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 dDeath Benefit shall be paid to the nominee as a lump sum in the event of deathdeath.

In the absence of the insured person during the during the policy term, then death benefit is payable to the nominee.

Subject to terms and conditions of the master policy, the Death Benefit will be directly payable to the Master Policyholder to the extent of outstanding loan amount; Death Benefit amount in excess of outstanding loan amount (if any), will be paid to the nominee / appointee / legal heir of the Insured Member.

In this plan death benefits given to the nominee is the fund value of your policy or 105 % of the premium paid till the end, whichever is higher.

In the event of death during the payout period, regular instalments as per the Maturity Benefits will be paid to the nominee.

The survival benefit is paid only if the insured party continues to live, however, in event of any unfortunate event which leads to the death of the insured either in an accident or otherwise, the sum assured is paid immediately to the nominee.

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 %.

Option to select accidental death benefit where in case of death of policy holder due to an accident, an additional equal sum assured would be paid to the nominee.