Sentences with phrase «death during the term of plan»

On death during the term of plan, the Sum Assured applicable in the year of death is paid to the nominee.

Step 5 — in case of death during the term of the plan, the guaranteed death benefit, accrued paid - up additions, if any and vested bonuses are paid.

Such a policy provides income to your family in case of an unfortunate event of death during the term of the plan.

In the unfortunate event of death during the term of the plan, the nominee will receive the following: Minimum Death Benefit (as explained below) + accrued Guaranteed Additions + accrued Reversionary Bonuses and Terminal Bonus, if any

Term plans are simple insurance plans which promise to pay the sum assured in case of death during the term of the plan.

These plans give you a guaranteed fund either or maturity or in case of death during the term of the plan.

Not exact matches

Except for those executives who have an employment agreement that expressly provides for payment of an Award under the Bonus Plan in limited circumstances, in the event a participant's employment is terminated for any reason prior to the date of payment of an Award under the Bonus Plan, such participant will not be entitled to any bonus under the Bonus Plan, provided that in the event that a participant's employment terminates during the performance period due to (i) death or (ii) disability, the Committee may, at its sole discretion, authorize the Company to pay, on a prorated basis, an Award determined in accordance with the terms and conditions of Bonus Plan.

In case of death of the insured during the term of the plan, the Sum Assured is paid subject to a minimum of 105 % of the total premiums paid till death

If the life insured dies during the term of this LIC online term plan chosen by him at the starting of the plan, the death benefit is paid which is equal to the Sum Assured chosen by the policyholder at the time of inception of the policy

When the insured person who is the parent faces death within the term of the SBI child plan, the Sum Assured is paid to his nominee which should not be lower than 105 % of the premiums paid during his lifetime.

According to the plan, family / dependents of the life insured is / are eligible for a lump sum amount in case of death or critical illness, if applied for, of the life insured and during the term of the policy.

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.

This type of plan focuses on AD&D (accidental death and dismemberment) and term life insurance benefits that are in effect while the insured is traveling on an insured trip or during their annual coverage period, depending on their plan.

In case of death of the insured during the term of the plan, the guaranteed payouts of 150 % of the premium will be paid as and when they fall due while the future premiums are waived off.

On death during plan term, the Sum Assured on death is payable and it is higher of Sum Assured, 105 % of total premiums paid up to death or the maturity Sum Assured

On death of the insured during the term of the plan, higher of the Sum Assured or 10 times the annual premium is paid along with vested reversionary bonuses and terminal bonus, if any subject to a minimum of 105 % of all premiums paid till death

Under this Max Life term plan, in case of death during the chosen tenure, the death benefit is paid which is equal to the Sum Assured

Term life insurance plans, whether they are popular or not, are a very important part of our financial planning process because they provide aid during those rainy days where the family needs a financial cushion to soften the blow of the death of the bread - winner.

Under this Max Life term plan, in case of death of the life insured during the term of the plan, the Sum Assured is immediately paid to the nominee.

In case of death of the life insured during the term of this Max Life term plan, the Sum Assured chosen at the inception of the Max Life term plan is paid to the nominee

Group Term Life Insurance: A group insurance plan that provides a lump sum to a beneficiary in case of death of a covered member during the defined covered period.

The Max Life term plan has an inbuilt Accidental Death Benefit Rider which states that if the insured dies due to accident during the term of this Max Life term plan, an additional death benefit will be paid to the nomDeath Benefit Rider which states that if the insured dies due to accident during the term of this Max Life term plan, an additional death benefit will be paid to the nomdeath benefit will be paid to the nominee.

In case of death of the life insured during the course of this Max Life term plan, the nominee has two options of availing the death benefit.

Tata AIA Life Insurance iRaksha TROP Plan is an online traditional term plan with Return of Premium option which provides life coverage in event of premature death during the policy term and thereafter returns the total premiums paid in case of maturPlan is an online traditional term plan with Return of Premium option which provides life coverage in event of premature death during the policy term and thereafter returns the total premiums paid in case of maturplan with Return of Premium option which provides life coverage in event of premature death during the policy term and thereafter returns the total premiums paid in case of maturity.

This plan provides for a payment of a lump sum in the event of your unfortunate death during the policy term.

With a term life insurance plan, the policyholder's monthly payment is the same throughout a set time period — or «term» — such as 20 or 30 years, in return for a stated amount of death benefit protection should they pass away during the time that the policy is in force.

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

Death Benefit in this plan secures your family in case of your unfortunate demise during the Policy Term.

Especially when it is a pure protection plan like TERM INSURANCE offering higher sum assured at a nominal cost and where the insurance company has to pay a death benefit in case of insured dies during the term of a polTERM INSURANCE offering higher sum assured at a nominal cost and where the insurance company has to pay a death benefit in case of insured dies during the term of a polterm of a policy.

Under the plan, the policyholder gets a lump sum death benefit in case of premature death during the plan term.

Death Benefit: In case of death of the insured during the policy period, TATA AIA iRaksha Supreme Term insurance plan will pay your nominee death benefit which is higheDeath Benefit: In case of death of the insured during the policy period, TATA AIA iRaksha Supreme Term insurance plan will pay your nominee death benefit which is highedeath of the insured during the policy period, TATA AIA iRaksha Supreme Term insurance plan will pay your nominee death benefit which is highedeath benefit which is higher of:

The policyholder can anytime during the policy term, entitle a nominee for the benefits of the plan in the event of the death.

Under the single life option of the plan, the Sum Assured is paid to the nominee in case of death of the policyholder during the term of the plan

Level Term Assurance — the chosen Sum Assured remains the same throughout the tenure of the SBI term insurance plan and on death of the life insured during the term, the Sum Assured is paid to the nomTerm Assurance — the chosen Sum Assured remains the same throughout the tenure of the SBI term insurance plan and on death of the life insured during the term, the Sum Assured is paid to the nomterm insurance plan and on death of the life insured during the term, the Sum Assured is paid to the nomterm, the Sum Assured is paid to the nominee

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 nomTerm 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 nomterm 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 nomterm 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.

One of the advantages offered by this rider is that in the case of death of the insured during the term of the policy, an additional amount equivalent to the sum assured of the term assurance rider is liable to be paid to the policyholder as long as the applicability of the coverage of the plan rider is there.

Level Cover — the chosen Sum Assured remains the same throughout the tenure of the SBI Life eShield plan and on death of the life insured during the term, the Sum Assured is paid to the nominee

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.

Under Option A which is Life Protection, the nominee gets the Sum Assured in case of pre-mature death of the insured during the term of the plan.

Decreasing Term Assurance (Family Income Protection)-- an option under which the Sum Assured decreases every year and on the death of the insured during the SBI term insurance plan tenure, the applicable Sum Assured as on the date of death is paid to the nomTerm Assurance (Family Income Protection)-- an option under which the Sum Assured decreases every year and on the death of the insured during the SBI term insurance plan tenure, the applicable Sum Assured as on the date of death is paid to the nomterm insurance plan tenure, the applicable Sum Assured as on the date of death is paid to the nominee

In case of death of the life insured during the term of the plan, the calculated Sum Assured will be paid to the nominee

Option 1 — if Krishna dies during the plan term, higher of the guaranteed maturity Sum Assured or 11 times the annual premium or 105 % of premiums paid is paid as guaranteed death benefit.

Under this plan, Death Benefit is payable in case of any of the two lives meeting with an untoward incident, either independently or together, during the term of the policy.

If policyholder feels that he / she needs cover for additional risks, then he / she may opt for these rider features, and these include the accidental death and accidental disability riders and can be opted along with the basic plan during any policy anniversary of the premium paying term of the policy by payment of the additional premium amount.

A Term Plan, like Edelweiss Tokio Life — MyLife + is insurance in its purest sense, wherein on death of the life insured during the policy term, the nominee or the beneficiary gets a fixed payTerm Plan, like Edelweiss Tokio Life — MyLife + is insurance in its purest sense, wherein on death of the life insured during the policy term, the nominee or the beneficiary gets a fixed payterm, the nominee or the beneficiary gets a fixed payout.

Life Option: This is an online term plan option under Click 2 Protect 3D Plus, wherein if the life assured dies during the policy term or he / she is diagnosed with any of the mentioned Terminal Illness, the nominee receives the death benefit.

Death Benefit: In a situation where policyholder dies during the term of the plan, the nominee shall be paid the higher of sum assured or fund value or 105 % of all premiums paid till the date of the Death Benefit: In a situation where policyholder dies during the term of the plan, the nominee shall be paid the higher of sum assured or fund value or 105 % of all premiums paid till the date of the deathdeath

Endowment Assurance Plans: These are life insurance plans which provide coverage for the risk of death during the policy term and provide the survival benefit on maturity as Plans: These are life insurance plans which provide coverage for the risk of death during the policy term and provide the survival benefit on maturity as plans which provide coverage for the risk of death during the policy term and provide the survival benefit on maturity as well.

Policies under this plan are eligible for loyalty addition at time of exit after completion of five years in the form of death during the term or maturity.