Sentences with phrase «death of life»

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

The highlight of this plan is that it provides «triple protection» on the death of the life insured which helps take care of all eventualities.

It is the benefit payable to the beneficiary on the event of the death of the life assured under the terms of the policy.

In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee After completing five policy years, if it is surrendered, then there is no Surrender / Discontinuance Charges and the Fund Value is paid to the policyholder and the policy will terminate immediately.

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.

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

In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee.

The policy automatically gets terminated on the earliest of the following — the date of death of the Life Assured, the date on which the Surrender Value is paid and on the maturity of the policy.

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.

Death Benefit: During the policy term if the unfortunate death of the life assured happens then the sum assured will be payable.

For the first option, 100 % of the chosen Sum Assured is paid to the nominee immediately post the death of the life insured.

Recurring payout - Under this option, the nominee receives 10 % of the Sum Assured amount on the death of the Life Assured.

The company will refund only the Fund Value as on the date of death of the life assured, to the nominee.

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

Star Union Dai - ichi Premier Protection Plan is a simple pure term plan that offers protection for policyholders» family and loved ones in case of the premature death of the life assured.

In case of death of the life insured within the duration of the plan, the Sum Assured chosen at the inception of the plan is paid to the nominee.

The nominee receives 10 % of the Sum Assured on the death of the life insured as a lump sum amount.

Income Option — under this HDFC term insurance plan, 10 % of the Sum Assured is paid in lump sum immediately on death of the life insured.

A pure LIC term insurance plan which provides for the payment of the death benefit in case of unfortunate death of the life insured so that the family can take care of their financial needs in the absence of the bread - winner.

The monthly installments start from the next month following the date of death of the life insured.

Life option — under this HDFC term insurance plan, the death benefit is paid in lump sum in case of unfortunate death of the life insured

Recurring payout option also allows the beneficiary to receive a lump sum benefit instead of regular monthly or yearly payouts anytime after the death of the life insured.

Immediate financial support to the family In the unfortunate case of the death of the life insured, 100 % of the sum assured along with the accrued bonuses, if any, is paid to the nomineeA person or firm into whose name the policy is transferred in order to facilitate transactions, while leaving the customer as the actual owner..

Income Plus Option — under this HDFC term insurance plan, the entire death benefit which is the chosen Sum Assured is paid out in case of death of the life insured.

Moreover, the sum assured payable on death will not be reduced at any point of time during the term of the policy except where partial withdrawals have been made during the two - year period immediately preceding the death of the life assured.

(For in - force policies, provided the monies are not in discontinued policy fund) IN the event of death of the life assured, the nominee will receive the death benefit which will be higher of the following:

Now, under the new rules, on the death of the life beneficiary, the taxes are instead allocated to the life beneficiary's estate, creating a mismatch of taxes being incurred by one taxpayer and the assets being held by a different taxpayer.

Nice little conundrum here, if he's referring to a reversion upon a life estate, because, of course, it only vests in possession upon the death of the life tenant.

«When the chips are down I think democracy is a less important goal than is the protection of the planet from the death of life, the end of life on it,» he says.

Policy Fund Value (including any Loyalty Additions) as on the date of intimation of death of the Life Insured

Protect families of group members - Sum Assured is payable by the Company to the beneficiary on death of the Life Insured.

In case of death of the Life Insured during the Policy Term, the Sum Assured on Death will be payable to the Nominee or the Policyholder as the case may be, subject to Policy being in force.

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 highest of:

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 need.

In case of unfortunate death of the Life Insured the death benefits of the policy are received by the nominee or the Policyholder.

In the event of death of the Life Insured during the Policy Term, subject to the policy being in force, the Death Benefit payable shall be equal to the Sum Assured on death.

In case of unfortunate event of death of Life insured (applicable even in case of minor lives), subject to the policy being inforce the Sum Assured payable on death will be higher of:

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 documents.

«Guaranteed 48 hours Fund Value release» means release of the cheque on intimation of death of Life Insured towards the Fund Value accrued under your policy, in the beneficiary's name within 48 hours and does not in any way indicate acceptance of any other policy liability.

In case of unfortunate event of death of the Life Insured during the Policy Term, the following benefits will be payable to the Claimant, subject to Policy being in force.

In case of the death of the Life Insured during the grace period allowed for payment of due premium, the Death Benefit less the outstanding charges shall be payable.

This non-linked and regular pay insurance rider provides 100 % Sum Assured in case of death of the Life Insured due to an accident, subject to the rider policy being in - force.

Get Higher of Sum Assured on Maturity or 11 times the base annualized Premium or 105 % of premiums paid till date of death, in case of an unfortunate event of death of the life insured.

This payout is made over and above the Monthly Income payouts made before the death of the Life Insured.

Bharti AXA Life Accidental Death Benefit Rider (UIN: 130B008V01): This is a non-linked and regular pay rider that provides 100 % Sum Assured in case of death of the Life Insured due to an accident subject to the rider policy being in - force.

Option for benefits to continue even after the death of the life insured (when premium waiver rider is opted)

In case of unfortunate death of the Life Insured, the Sum Assured on Death which is explained below is payable to the Nominee:

Bharti AXA Life Term Rider pays out additional Sum Assured in case of death of the Life Insured.

Bharti AXA Life Accidental Death Benefit Rider (UIN: 130B008V01): This is a non-linked and regular pay rider that provides 100 % Sum Assured in case of death of the Life Insured due to an accident subject to the rider policy being in force.

Once you complete the 10th Policy year, you will start receiving an annual payout until maturity or death of Life Insured, whichever is earlier, subject to policy being in force.