Sentences with phrase «death during the policy tenure»

All the bonus amounts acknowledged at the end of the premium payment term will be paid out at the end of the policy term or on the policyholder's death during the policy tenure.

Similarly, a higher cover means that the insurer will incur heavy losses in case of your death during the policy tenure.

In the unfortunate event of the child's death during the policy tenure, the sum assured along with the guaranteed additions are paid out and the policy terminates.

In case of death during policy tenure your nominee or family will get higher of Sum Assured, Sum Assured at Maturity or 125 % of the Single Premium.

In case of death during policy tenure, the insurer will give a death benefit.

Death Benefit: In case of your death during the policy tenure, your family will get the pension amount as per the annuity selected.

In case death during the policy tenure due to accident he / she may get some additional benefit as agreed upon during the policy subscription.

Death Benefit: In case of death during policy tenure, 10 % of sum assured will be paid to family till maturity period.

Such plans enable your family members to repay the remaining debt amount in case of your untimely death during the policy tenure.

Not exact matches

Death Benefit - In case of uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus ifDeath Benefit - In case of uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus ifdeath benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus if any.

In the event of the unfortunate death of the insured (parent) during the policy tenure, insurance companies often offer to waive the premium.

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.

The nominees of the policy can claim death benefits from the insurer in the event of death of the insured during the tenure of the policy.

Death Benefit - In case of unfortunate death of the policyholder during the tenure of the policy, the beneficiary of the policy receives the death benefit as the sum assured amount, which is 105 % of the total premium paid till deDeath Benefit - In case of unfortunate death of the policyholder during the tenure of the policy, the beneficiary of the policy receives the death benefit as the sum assured amount, which is 105 % of the total premium paid till dedeath of the policyholder during the tenure of the policy, the beneficiary of the policy receives the death benefit as the sum assured amount, which is 105 % of the total premium paid till dedeath benefit as the sum assured amount, which is 105 % of the total premium paid till demise.

If the insured person dies during the tenure of the policy, then the death benefit is paid to the nominee of the policy i.e. the child as the sum assured amount, which is 105 % of the total premium paid till demise.

In consideration of nominal premium amount, it provides a death benefit in the form of guaranteed Sum Assured to the dependants upon the demise of the policyholder during the policy tenure.

Increasing Term Assurance — an option under which the Sum Assured chosen at the time of inception of the SBI term insurance policy increases every year @ 5 % and on death of the insured during the SBI term insurance plan tenure, the Sum Assured as on the date of death is paid to the nominee

Term insurance is the simplest form of life insurance plan that offers comprehensive life coverage over a period of time and in case the insured person dies during the tenure of the policy, the guaranteed death benefit is payable to the nominee of the policy.

On death or terminal illness of the insured during the policy tenure, the Sum Assured is given in equated monthly instalments for such time which will be equal to the term of the plan chosen.

If the life insured dies during the tenure of the policy, then the nominated person receives the death benefit and this policy terminates

Death Benefit: In case of sudden demise of the policyholder during the tenure of the policy, the Sum Assured at the time of Death along with the acquired Bonuses are paid to the person nominated by the policyholder.

Along with the death benefit offered to group members during the tenure of the policy, the plan also offers many more additional benefits like:

A premium waiver benefit offers such an offering where the insurer pays for the premium costs if the policyholder expires during policy tenure and also pays out a death cover as a lump sum amount to the child on maturity.

And that she, as a nominee will receive the sum assured (death benefit), in case of him passing away during the policy tenure.

1) If this amount is claimed for relevant reasons during the policy tenure, will the final sum assured get reduced accordingly when a death benefit claim comes up?

If a policyholder of the Amulya Jeevan II Plan meets with death during the tenure of the policy, then it may apply to the beneficiaries or nominees of the policyholder the sum assured by the policyholder.

In case of demise of the life insured during the tenure of the policy, provided all premiums are paid, sum assured on death plus terminal bonus plus vested bonus is payable to the nominee.

It may not provide return of the premiums paid during the tenure, but in case of the policyholder's demise, the policy provides death benefit to the beneficiary.

On the death of the parent during the policy tenure the sum assured is paid by the insurance company.

The main feature of LIC's New plan — Jeevan Umang is it provides annual Survival Benefits from the end of the PPT (Premium Paying Term) till policy maturity and also pays lump sum amount at the time of maturity (or) on death of the policyholder (during the policy tenure).

The plan provides Coverage for the entire policy tenure, i.e. in case the Life Assured dies anytime during the policy tenure, the Death Benefit is paid to the nominee and the policy terminates.

In the event of accidental death during the tenure of the policy (provided the life assured is aged 18 years & above on the date of death), an additional sum assured is payable apart from the death benefit mentioned above as per the policy terms and conditions.

In the event of accidental death during the tenure of the policy the company will pay reduced accidental death benefit.

Scenario II: In the event of death of Mr. Rao during the tenure of the policy, the policy pays Rs 10 Lacs with applicable bonuses to his family.

In the event of death of the life insured during the policy tenure, the nominee will receive Sum assured on death plus Accrued Reversionary Bonuses plus Terminal Bonus.

Policy Tenure: Term life insurance is usually for a period of 5, 10, 15, 30, or up to 75 years and death benefits are given only when the insured expires during the term of the pPolicy Tenure: Term life insurance is usually for a period of 5, 10, 15, 30, or up to 75 years and death benefits are given only when the insured expires during the term of the policypolicy.