Sentences with phrase «death of the annuitant during»
In case of death of annuitant during chosen term, nominee will continue to receive the annuity for balance term
http://life.indiainsured.com/
Upon choosing annuity option D, on the death of the annuitant during the guaranteed period of 15 years, the annuity is payable to the nominee till the expiry of this period.
Under annuity option B, in the event of death of the annuitant during the Guaranteed Period of 5 years, the annuity is payable to the nominee till the end of this Guaranteed period.
Under annuity option C, on the death of the annuitant during the first 10 years, the annuity is payable to the nominee till the expiry of this period.
Not exact matches
It pays a regular stream of income during the lifetime of the annuitant and further continues for the life of the spouse after the death of the annuitant.
It pays a regular income during the lifetime of the annuitant and returns the single premium to the nominee on the death of the annuitant to take care of the family.
Joint Life, Last Survivor with Return of Purchase Price: This option pays annuity throughout the life of the annuitant and on his / her death, continues the annuity during the lifetime of the named spouse.
An Annuity for life with a provision of 50 % of the annuity payable to spouse during his / her lifetime on death of the annuitant.
The policy terminates when the annuitant passes away during the guaranteed period; or on the death of the annuitant after the guaranteed period, if Annuity Guaranteed for 5 years, or Annuity Guaranteed for 10 years or Annuity Guaranteed for 15 years has been chosen.
Annuity for life with a provision of 100 % of the annuity payable to spouse during his / her lifetime on death of annuitant.
Annuity during the life time of the annuitant with return of purchase price on death of the annuitant
An agreement under which the Insurance Company makes periodic payments during the survival of the annuitant (s), till death or for a specified period.
With immediate annuities, the contract must have a specific rider that offers a death benefit to pay the beneficiaries the remaining balance of an annuity if a designated number of payments were not made during the annuitant's life — meaning he died prior to realizing the full benefit.