Sentences with phrase «death of policyholder before»

In case of death of the policyholder before the end of the lock - in period, the proceeds of the discontinued policy shall be paid to the beneficiary and the policy will terminate

Terminal Bonus: It is a bonus the insurer pays out on maturity of the policy or on death of the policyholder before the end of the plan tenure.

LIC's Aadhaar Shila Plan also provides financial support to the family in case of unfortunate death of policyholder before maturity and a lump sum amount the time of maturity for the surviving policyholder.

LIC's Aadhaar Stambh Plan also provides financial support to the family in case of unfortunate death of policyholder before maturity and a lump sum amount the time of maturity for the surviving policyholder.

On death of the policyholder before the commencement of risk, an amount equal to the policyholder's fund value will be payable.

Death benefits - incase of the death of the policyholder before maturity, the sum assured is paid in accordance «mera family payout» option chosen by the policyholder.

It is the sum assured handed over to the nominee only in case of premature death of the policyholder before the culmination of the policy tenure.

The outstanding loan amount will reduce the death benefit dollar for dollar in the event of the death of the policyholder before the full repayment of the loan.

Not exact matches

This policy is customizable — with rider options such as accidental death benefit, child protection and waiver of premium — and policyholders are given the option to convert up to the age of 65 or before the end of their term.

That means more premiums paid and, for the 20 percent of joint policies that are made up of term life insurance, a higher chance that the death benefit won't be paid out at all (because the policies will expire before the policyholders do).

Under the Lifetime Annuity with Return of 100 % of Purchase Price on diagnosis of Critical Illness or death, the annuity payouts cease and 100 % of the purchase price is returned if the policyholder dies or is diagnosed with a critical illness before the age of 85 years

Even if the policyholder dies within the window of policy coverage, your beneficiaries may still have to wait a probationary period of 1 to 3 years before death benefits are paid out.

Term life insurance offers temporary coverage for a set period of time, and only pays out the death benefit should the policyholder die before the term is up.

Accelerated benefits: A clause or rider allowing the policyholder to receive a portion of benefits before the insured's death.

Before payment of any benefit (death, maturity, surrender etc.) to the policyholder under the plan under which loan is availed of, the loan outstanding and the interest on loan outstanding will be recovered first and the balance if any will be paid to the policyholder.

Before payment of the death benefit to the policyholder, the outstanding loan Plus the interest on outstanding loan will be recovered first and the balance will be paid to the policyholder.

In deferred annuity, money is invested for some period before payments are made.It can be chosen by individuals who are working and still have some years of work before retirement.It may also come with a «life cover» which implies that in case of death of the policyholder, a lump sum amount is paid to the nominee.

Post the payment of maturity benefit, the plan continues and on death of the policyholder after the end of the term and before turning 100, additional Sum Assured is paid without bonuses

and are increasing in popularity because if these riders go unused, there is no loss of premium - the premiums are returned if the policyholder passes away before a specific age, and the beneficiaries are still entitled to receive the life insurance policy's face value in the event of the policyholder's death.

Cash surrender value refers to the amount of money that an insurance company will compensate a life insurance or annuity policyholder in case of a voluntary termination of the policy before it matures or the death of the insured.

Typically, insurance companies would carry out a thorough investigation of the circumstances of the policyholder's death to verify the cause of death and determine whether the claim is valid before paying.

Death Benefit: If the policyholder dies before the end of the policy term, the nominee shall be paid higher of the fund value or sum assured (minus partial withdrawals, if any) or the minimum death benefit that is 105 % of the total premium paid till the date of the Death Benefit: If the policyholder dies before the end of the policy term, the nominee shall be paid higher of the fund value or sum assured (minus partial withdrawals, if any) or the minimum death benefit that is 105 % of the total premium paid till the date of the death benefit that is 105 % of the total premium paid till the date of the deathdeath

a) Death before date of commencement of risk: If the death of the policyholder occurs before the date of commencement of risk then death benefit pay - out will be return of single premium excluding service tax and any extra premium paid without inteDeath before date of commencement of risk: If the death of the policyholder occurs before the date of commencement of risk then death benefit pay - out will be return of single premium excluding service tax and any extra premium paid without intedeath of the policyholder occurs before the date of commencement of risk then death benefit pay - out will be return of single premium excluding service tax and any extra premium paid without intedeath benefit pay - out will be return of single premium excluding service tax and any extra premium paid without interest.

Death Benefit: In case the policyholder dies before this premium policy matures then all the premiums paid and due are paid to the family of that person.

Death Benefits: If the policyholder dies before the end of policy term, the nominee shall be paid the higher of the sum assured (minus partial withdrawals, if any) or the total fund value or 105 % of the total premiums paid till the date of the Death Benefits: If the policyholder dies before the end of policy term, the nominee shall be paid the higher of the sum assured (minus partial withdrawals, if any) or the total fund value or 105 % of the total premiums paid till the date of the deathdeath

Suppose if a policyholder dies after 5 years of policy opening but before the policy maturity date, then the sum assured on death equals to 10 times of the single tabular premium paid along with the Loyalty amount.

Acceleration life insurance is a policy that allows the policyholder to receive a certain percentage of the death benefit before their death.

Death Benefit: If the policyholder passes away before the end of policy term, the sum assured shall be paid to the nominee

On death before the Date of Commencement of Risk: An amount equal to the Policyholder's Fund Value is payable.

This plan provides for Annual Income benefit that may help to fulfill the needs of the family, primarily for the benefit of children, in case of unfortunate death of Policyholder any time before maturity and a lump sum amount at the time of maturity irrespective of survival of the Policyholder.