Sentences with phrase «death of policy holder during»

Amulya Jeevan II, is a pure term insurance policy of LIC, which provides high life cover in case of unfortunate death of policy holder during policy term.

In case of death of policy holder during policy term, 10 % of Sum Assured will be provided to nominee every year till one year prior to maturity, and

ON DEATH: In case of death of policy holder during policy term, 10 % of Sum Assured will be provided to nominee every year till one year prior to maturity, and On maturity, 110 % of Sum Assured + Simple Reversionary Bonus + Final Addition Bonus will be payable as maturity amount.

In case of death of a policy holder during the policy term, future premiums are waived off and guaranteed annual payouts are payable to the nominee

In the event of death of the policy holder during the policy term, the policy holder gets the sum of Sum Assured, vested Simple Reversionary Bonus and Final Additional Bonus, if any.

In case of unfortunate death of policy holder during policy term, this plan proivides 10 % of sum assured every year till maturity and again at competion of policy term maturity amount is also payable.

In case of death of policy holder during the policy term, this policy provides 10 % of sum assured every year till maturity and on maturity it again provides 110 % of Sum Assured + Bonuses as maturity.

Your family becomes eligible to receive bonus along with sum assured in case of death of the policy holder during the policy period of 15 years

Upon the diagnosis of terminal illness / death of the policy holder during the policy term, a lump sum benefit is paid out to the nominee.

In the event of the death of the policy holder during the term of the policy, the beneficiary can claim the proceeds of the death benefit.

Not exact matches

Should a policy holder pass away during the «term,» or time frame, of the policy being in - force, a beneficiary (or beneficiaries) will receive the death benefit proceeds.

Should a policy holder pass away during the «term,» or time frame, of the policy being in - force, a beneficiary (or beneficiaries) will receive the death benefit proceeds.

Life insurance living benefits — also referred to as a policy's accelerated death benefits — can allow the policy holder to use some (or in some cases, even all) of the death benefit proceeds during his or her lifetime.

Term Insurance is a type of life insurance only, a byproduct that implies financial coverage provided to the policy holder for a particular time period; if the insured dies during the term then death benefits are paid to the beneficiary but it ceases if one outlives the set term of the policy.

These can provide policy holders with a way to access a percentage of the policy's death benefits during life in order to pay for expenses such as a medical or long - term care need.

Since Amulya Jeevan II is a pure insurance plan, the plan only offers death cover or death benefits which means that if the policyholder meets with death at any time during which the policy is in force then LIC will give to the nominee (s) of the policy holder's Amulya Jeevan II policy the sum assured on death amount.

Death Benefit — This is available in case the policy holder's demise takes place during the duration of the policy.

This benefit of amount is generally applicable after the maturity of the policy, but even at cases of death of the policy holder and sometimes during critical illnesses.

ON DEATH: During the policy term if policy holder dies LIC will give amount equal to the total amount of premium paid excluding all taxes and extra premium, If any shall be paid.

→ Annuity for life with provision of 100 % of the annuity payable to spouse during his / her time on death of policy holder with return of purchase price on death of last survivor.

In case, policy holder expires during the policy term, within 5 years from the date of purchasing the policy then death benefit ie Basic Sum Assured on death (10 times of single premium amount) is payable to his nominee.

In case of death during policy term of the plan, Bonus up to year of death & FAB along with Sum Assured will be paid as Death claim to Policy holder's nomdeath during policy term of the plan, Bonus up to year of death & FAB along with Sum Assured will be paid as Death claim to Policy holder's nopolicy term of the plan, Bonus up to year of death & FAB along with Sum Assured will be paid as Death claim to Policy holder's nomdeath & FAB along with Sum Assured will be paid as Death claim to Policy holder's nomDeath claim to Policy holder's noPolicy holder's nominee.

In case of death during policy term, Death Sum Assured + Bonus up to year of death + FAB will be paid as Death claim to Policy holder's nomdeath during policy term, Death Sum Assured + Bonus up to year of death + FAB will be paid as Death claim to Policy holder's nopolicy term, Death Sum Assured + Bonus up to year of death + FAB will be paid as Death claim to Policy holder's nomDeath Sum Assured + Bonus up to year of death + FAB will be paid as Death claim to Policy holder's nomdeath + FAB will be paid as Death claim to Policy holder's nomDeath claim to Policy holder's noPolicy holder's nominee.

Pension for life with a provision of 50 % of the Pension payable to spouse during his / her lifetime on death of the Policy holder.

Insurance21 Replied: 30-03-2018 12:25:36 If the policy has been taken with premium waiver rider and proposer's death happens during premium paying term (for example 1 or 2 year after taking policy), then further premium will be waived off and all benefits will be paid to child (policy holder) at the time of money back and maturity.