This section covers the physical damage or
death of the insured by any accident, violence or any other external and evident means which is mentioned in the schedule.
This is a graded benefit whole life insurance policy, which means that during the first two years of policy ownership, the benefit for
death of the insured by natural causes will be a refund of the premiums paid in, plus interest.
* Note: In the event of
the death of the insured by suicide within the first year of the policy or with 1 year of the date of renewal the death benefits are not applicable.
Not exact matches
The point
of the last piece, the subsidies, is to keep enough people in the pool
of insured to avoid triggering a so - called
death spiral
of declining enrollment, a growing proportion
of less healthy people and premium increases
by insurers.
Generally, amounts you receive under a life insurance contract paid
by reason
of the
death of the
insured are not included in your gross income; such proceeds are received tax - free.
If a corporation owns life insurance and the
insured dies, then the
death proceeds become part
of the general assets
of the corporation and the value
of the stock owned
by each surviving shareholder will be increased
by an amount proportionate to his or her interest.
If nations continue to assert their independence
of all higher authority, the end will be either war to the
death (for all) or the emergence
of a single dominant world power which will maintain
by force the minimal order necessary to
insure the survival
of civilization.
Protection for your group members —
Death benefit is paid in event of death of the life insured by the company to the benefic
Death benefit is paid in event
of death of the life insured by the company to the benefic
death of the life
insured by the company to the beneficiary.
First, it helps the policyholder to manage the cost
of chronic illness
by offering tax - free acceleration
of the
death benefit funds should the
insured attain a covered chronic illness.
Bharti AXA Life Premium Waiver Rider: - Under this rider future premiums will be waived off in case
of critical illness (for rider taken
by Life
Insured) and under Critical Illness /
Death or ATPD / Both incase Rider is taken
by proposer).
Beneficiary: A person (s) designated
by the policy owner to receive the proceeds
of an insurance policy upon the
death of the
insured.
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.
In case
of unfortunate
death of the Life
Insured the
death benefits
of the policy are received
by the nominee or the Policyholder.
Protect families
of group members - Sum Assured is payable
by the Company to the beneficiary on
death of the Life
Insured.
Premium Waiver Rider: - Under this rider future premiums will be waived off in case
of critical illness (for rider taken
by Life
Insured) and under Critical Illness /
Death or ATPD / Both incase Rider is taken
by proposer).
If an estate is larger and therefore vulnerable to federal or state estate tax exposure, an irrevocable trust may be used to provide liquidity for the estate without being subject to estate taxes
by owning the policy and being designated as the beneficiary upon the
death of the
insured.
Moreover, all the outstanding premiums after the
death date
of the Life
Insured are funded
by the Insurer.
Beneficiary A beneficiary is the person (s) selected
by the policy owner to receive the life insurance payments upon the
death of the
insured.
The trip cancellation or trip interruption
of the
insured person must be caused
by or result from
death, accidental injury, disease or physical illness
of the
insured person or an immediate family member
of the
insured person, or default
of the common carrier resulting from financial insolvency.
[42] In other words, Part 7 (at least so far as it is concerned with benefits following injury, rather than
death benefits) has two related objects: to compensate an
insured person for a portion
of the financial loss accrued from temporary total disability caused
by a motor vehicle accident; and, where possible, to do so in a manner that brings about the end
of the total disability
by returning the injured person to employment or self - sufficiency.
Life insurance is based in contract law, and the proceeds pass
by operation
of law upon the
insured's
death.
By definition, the paid up value
of a life insurance policy is the value an owner receives from the insurer upon default or surrender or early termination
of the policy before its maturity or the
insured's
death.
However, your loved one may have had outstanding copayments or deductibles, things that were simply not covered
by his plan, or he may have not been
insured at the time
of his
death.
Headed
by the «very strong» Donna Makin, Geldards LLP's two - lawer team represents a mix
of self -
insureds, public sector organisations and insurers in the defence
of employers» liability accident claims ranging from minor injuries through to injuries
of maximum severity and
death and occupational disease.
This was an appeal
of an award
of death benefits, interest and a special award and includes a change
of evidence
by the
insured.
Mostly, insurance companies lost unless they could show that the inaccuracy made when the policy was applied for was the cause
of death, or the suicidal ideation that caused the
death was present when the policy was applied for
by the
insured.
The legislatively established bright line rule roughly captured the results
of those disputes, with much less litigation cost, while giving
insureds more confidence that they would not be cheated
of their premiums when they died due to reasons trumped up after the
death by the insurance company.
Nothing in this section is intended or shall be construed to apply to any accident insurance policy
insuring against accidental
death or
death by accidental means or to those parts or provisions
of any life insurance policy
insuring specifically against accidental
death or
death by accidental means.
Pursuant to s. 79
of the Regulation, they are paid «to an
insured in respect
of death or injury caused
by an accident that arises out
of the use or operation
of a vehicle» regardless
of fault.
Mortality Charge is one that is paid in lieu
of the assurance given
by the insurance company
of providing benefits to the beneficiary in the event
of unfortunate
death of the
insured.
Proceeds In life insurance or annuities, the net amount
of death benefit payable
by the company at the
insured's
death.
Beneficiary: A person (s) designated
by the policy owner to receive the proceeds
of an insurance policy upon the
death of the
insured.
Once the proper insurance company forms have been completed and recorded
by the insurance company, repayment
of any outstanding loan can be paid from the policy cash surrender value or
death benefit should the
insured pass away and the loan becomes past due.
Common Exclusions: No coverage for (1) bodily injury /
death when you are using your vehicle to carry persons or property (including magazines, newspapers, food) for compensation or a fee; (2) liability assumed under a contract; (3) bodily injury /
death to an employee; (4) bodily injury /
death caused
by an intentional act; (5) property owned
by, rented to, or in the charge
of an
insured person; (6) bodily injury /
death to you or relative; (7) bodily injury /
death or property damage resulting from a relative's use
of a vehicle, other than a covered vehicle, owned
by a person who resides with you; or (8) bodily injury or property damage resulting from your operation or use
of a vehicle owned
by you, other than a covered vehicle.
Back to Top Bodily Injury Liability Coverage Pays when an
insured person is legally liable for bodily injury or
death caused
by your vehicle or your operation
of most non-owned vehicles.
Upon the
death of the
insured, the
death benefits payable are reduced
by the total accelerated
death benefit lien.
Provides an accelerated
death benefit if the
insured has been certified
by a physician as having one or more
of the following conditions within the last 12 months: ALS, kidney failure, life - threatening cancer, major organ failure, heart attack, or stroke.
In theory, the riders can be added at time
of application and upon medical approval so that the policy owner can access a portion
of the
death benefit as long as certain conditions are met
by the
insured medically.
This policy provides a graded benefit, which means that if
death of the
insured that is due to natural causes — in other words,
death that is caused
by means other than an accident — during the first two years in which the policy has been in force, the named policy beneficiary will only receive back all
of the premiums that were paid in, plus 10 percent, as versus the face amount
of the policy.
Provides an accelerated
death benefit if the
insured is certified
by a physician within the last 12 months as unable to perform two
of six Activities
of Daily Living (ADLs) for 90 consecutive days, or requires substantial supervision to protect himself or herself from threats to health and safety due to severe cognitive impairment.
J. RETURN
OF MORTAL REMAINS — In the event of the death of the Insured Person during the Period of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
OF MORTAL REMAINS — In the event
of the death of the Insured Person during the Period of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of the
death of the Insured Person during the Period of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of the
Insured Person during the Period
of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of Coverage as a result
of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of an Illness or Injury covered under this insurance while the
Insured Person is outside
of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of his / her Home Country, the Company will reimburse the authorized personal representative or the estate
of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of the
Insured Person up to the amount shown in the Schedule
of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of Benefits / Limits for the costs and expenses incurred to return the
Insured Person's Mortal Remains to his / her Home Country and thereafter to the place
of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of burial or other final disposition (but not including any costs
of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return
of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of the
Insured Person's Mortal Remains in advance as a condition to the availability
of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of this benefit; or up to the amount shown in the Schedule
of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of Benefits / Limits for preparation, local burial or cremation
of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of the
Insured Person's mortal remains at the place
of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of death in accordance with the commonly accepted cultural and religious beliefs practiced
by the
Insured Person.
Upon the unfortunate
death of the
insured, the beneficiary can rightly claim the amount invested
by the
insured.
Provide your family peace
of mind
by insuring a TAX FREE benefit to eliminate your entire mortgage debt in the event
of your untimely
death or unexpected illness or disability.
The
insured will still be covered in the event
of death by war.
The term «
death benefit» means the amount payable
by reason
of the
death of the
insured (determined without regard to any qualified additional benefits).
The
death benefit would be paid
by the insurance company if the
insured died during the one - year term, while no benefit is paid if the
insured dies one day after the last day
of the one - year term.
If any contract which is a life insurance contract under the applicable law does not meet the definition
of life insurance contract under subsection (a), the excess
of the amount paid
by the reason
of the
death of the
insured over the net surrender value
of the contract shall be deemed to be paid under a life insurance contract for purposes
of section 101 and subtitle B.
They may be
insuring your future retirement income
by providing a guaranteed withdrawal benefit rider, or
insuring a specific amount
of death benefit to go to your heirs, or
insuring a minimum return.
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
In the event
of any
death of or bodily injury to any person including occupants carried in the vehicle but except so far as it is necessary to meet the requirements
of Motor Vehicles Act, the Company shall not be liable where such
death or injury arises out
of and in the course
of the employment
of such person
by the
insured under any its plans.