Sentences with phrase «death of policyholder during»

In case of unfortunate death of the policyholder during the policy term sum assured will be payable to the nominee.

In case of death of the policyholder during the policy period, the dependants receive the sum assured.

After searching on the internet Jayant realized that a term insurance policy is a traditional life insurance plan which provides financial protection for the family of the policyholder in case of death of the policyholder during the policy term.

After death of the policyholder during the policy term, the policy is terminated after paying the sum assured as a death benefit to the nominee.

In case of death of the policyholder during the guaranteed payout period, annuity is payable to the nominee.

On the death of the policyholder during the policy term, the death benefit is payable to the nominee.

The plan provides for annual survival benefits from the end of the premium paying term till age 99 and a lump - sum payment at the time of maturity or on death of the policyholder during the policy term.

In case of death of the policyholder during this period, the beneficiary is entitled to the sum assured.

In case of death of the policyholder during the policy term, the beneficiary receives this amount.

This plan provides annual survival benefits at the end of the completion of premium payment up to 100 years of age and a maturity lump sum amount at maturity of term or death of the policyholder during the term.

From an insurance perspective, this is a type - 1 Ulip: on death of the policyholder during policy term, insurer pays higher of the fund value or the insurance cover subject to a minimum of 105 % of the premiums paid.

This is a type - 1 Ulip: on death of the policyholder during the policy term, the insurer pays higher of the fund value or the insurance cover.

On the event of death of the policyholder during the policy term, the beneficiary will receive the amount chosen at the time of choosing the policy.

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

In case of the unfortunate event of death of policyholder during the income benefit period, the remaining payouts will be made to the nominee.

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 demise.

In the case of death of the policyholder during the policy period, the insurance company pays a death claim equal to the Sum Assured or Death Benefit.

Not exact matches

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 fdeath 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 fDeath will be payable to the Nominee or the Policyholder as the case may be, subject to Policy being in force.

If the policyholder dies during the policy term, the death benefit, a tax - free lump sum of money, is paid out to named beneficiaries.

Graded death benefits means that if the policyholder dies of natural causes (any cause other than an accident) during the first two years the beneficiaries will receive all premiums paid plus 10 percent.

Because term life insurance only pays out if the policyholder's death occurs during the term of their coverage period, policy premiums are generally lower than whole life insurance.

During that time, the policyholder pays an annual premium, and if he or she dies within the period, a death benefit is paid out to the beneficiaries of the policy.

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

Note: The policy also offers the death benefit in terms of a sum assured to the nominee, in case the policyholder dies during the policy term.

The policyholder may additionally choose the disability benefit option under which, in case of death or disability of the insured during the tenure of the plan, the aggregate of all future premiums is paid which can be availed immediately in lump sum or can be invested in the fund where it will attract market linked returns.

In the event of death of term insurance policyholder during policy term, the beneficiary can claim death benefits from the insurance company.

If the policyholder survives till the completion of the Premium Paying Term, the Sum Assured on Maturity is paid and in case of death during this period, the Sum Assured on death which is higher of the Sum Assured on maturity or 11 times the annual premium is paid with the accrued reversionary bonuses.

Under the second option, Option B, in case of death of the insured during the tenure of the plan, 30 % - 80 % of the Sum Assured can be availed by the policyholder as per his choice and 110 % of the balance amount is paid over a period of 5 years in monthly instalments.

In case of death of the insured during the tenure of the plan, the death benefit will be payable which will be higher of the Sum Assured or 10/7 times the annual premium paid depending on the age of the policyholder or 105 % of all premiums paid till the date of death.

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.

In case of death of the insured during the plan tenure, a death benefit which is higher of the minimum Sum Assured or 10 or 7 times the annual premium paid depending on the age of the policyholder is payable to the nominee subject to a minimum of 105 % of all premiums paid till the date of death

In case of death of the insured during the tenure of the plan, the Sum Assured is payable which should be a minimum of 125 % or 110 % of the single premium paid depending on the age of the policyholder.

The policyholder can nominate a person (the beneficiary) to receive the Death Benefit in the event of the demise of the life insured or make a change in nomination at any time during the tenure of the plan, provided the plan is in force, by submitting a written request to the insurance company.

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 addition to higher premiums, insurance companies that issue guaranteed life policies protect themselves against risk in two additional ways: (1) by offering relatively low payouts, and (2) by typically not providing a death benefit during the first two years after issuing the policy (if the policyholder dies during this time, the company issues a refund of premiums instead).

If, during the policy term the policyholder passes away, the nominees receive a Death Benefit that takes care of their financial needs in the absence of the policyholder.

This type of life insurance provides death benefits if the policyholder dies during the specified term, such as 10, 15, or 25 years.

At the end of 2016, Assurity Life Insurance Company had taken in more than $ 195.5 million in net premiums and deposits, and during that same year, the company had paid out nearly $ 63 million in policyholder payments, and more than $ 113 million in death benefits.

Cash - value life insurance is a type of life insurance policy that pays out upon the policyholder's death, and also accumulates value during the policyholder's lifetime.

[x] An insurance product which acts like an annuity during the lifetime of the policyholder, and forwards death benefits like a life insurance policy when the insured passes away.

A more flexible version of variable survivorship life insurance called «variable universal survivorship life insurance» allows the policyholder to adjust the policy's premiums and death benefit during the policy's life.

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.

Death Benefits: If the policyholder dies during the term of the policy or after the premium paying term (PPT), the nominee shall be paid the higher of

The policyholder is covered from mishaps like death during the specific time of the policy term.

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.

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

These terms typically require that the policyholder is still alive, that the death benefit has not been paid during the initial level premium period and that all scheduled premiums have been paid throughout the length of the policy.

Under the single life option, Sum Assured is paid in case of the policyholder's death during the term

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

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.