Sentences with phrase «death of the insured member»

This group term life insurance plan compensates the financial crisis arising on death of the insured member.

On death of the Insured Member under the scheme before Terminal Illness, Base Sum Assured covered under this option shall be paid as a lump sum.

If the master policyholder opts for DAB rider, an additional amount equal to the Sum Assured shall be paid in case of accidental death of the insured member.

In case of death of the any insured member the Sum Assured as per certificate of insurance shall be payable and contract will continue on 2nd life till death of 2nd life or expiry of policy term for that member whichever is earlier.

In case of death of the any insured member (whosoever dies first out of the 2 lives or both lives die together) after payment of Terminal Illness Benefit, remaining amount of the Sum Assured is payable and contract will terminate thereafter.

In case of death of the any insured member after payment of Terminal Illness Benefit, remaining amount of the Sum Assured is payable and contract will continue for the 2nd life till death of 2nd life or expiry of policy term, whichever is earlier.

In case of death of the insured member the Sum Assured as per certificate of insurance shall be payable and the contract will terminate thereafter.

In case of death of the insured member the Sum Assured as per certificate of insurance shall be payable.

This option provides regular monthly income on death of the insured member.

In case of death of the insured member after payment of Terminal Illness Benefit, remaining amount of Base Sum Assured is payable.

On death of the insured member, Sum Assured covered under this option shall be paid in form of regular monthly payouts for the payout period opted by the master policyholder.

Not exact matches

Additional Insured Rider Provides death benefit coverage on the lives of up to three family members without having to purchase separate policies.

Additional Insured Provides death benefit coverage on the lives of up to three family members.

Protection for your group members — Death benefit is paid in event of death of the life insured by the company to the beneficDeath benefit is paid in event of death of the life insured by the company to the beneficdeath of the life insured by the company to the beneficiary.

Additional Insured Rider Provides death benefit coverage on the lives of up to three family members without having to purchase separate policies.

When a loved one passes away, the insured's life insurance policy can provide a death benefit that helps family members to pay for medical payments, end - of - life expenses and funeral costs.

A Term Life policy offers coverage only if death occurs during a specific period of time, which coincides with the terms in which the insured member is required to make a monthly premium.

Protect families of group members - Sum Assured is payable by the Company to the beneficiary on death of the Life 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.

Worldwide Personal Accident covers for self and family member in case of death or disablement of the insured person due to accidental bodily injury anywhere in world.

The plan also provides the reimbursement of un-used tuition fees if the insured person is unable to attend the rest of the semester as he or she was hospitalized for more than one month for a covered injury / sickness or in case of medical repatriation or in the case of the accidental death of a family member.

Family Transportation Benefit: Expenses against transportation of family member in case accidental death / permanent total disability of the insured.

The likelihood of death for that average member increases with age — and so the cost of insuring a member of that group increases, too.

This plan provides adequate compensations in cases of visit by an immediate family member of the insured in cases of hospitalization or due to repatriation of the insured person owing to a sudden death or any kind of medical emergency in the family, resulting in disturbance in the study.

Covers trip cancellation cost - you will be provided with compensation for the loss of accommodation due to trip cancellation as a result of death, serious injury or sudden sickness of the insured or any close family members

These policies generally come with a fixed death benefit in the event any insured member of the group passes away.

Accidental cover, on the other hand, insures you against financial risk that could occur due to accidental permanent disability or loss of income in case of a death of the earning member.

Life insurance provides a very important function against the financial loss due to an unexpected premature death of an insured, whether it be a family member, business partner or key individual.

Uninsured motorist bodily injury insurance (UM or UMBI) covers you, the insured members of your household (resident relatives) and your passengers for bodily / personal injuries, damages, or death caused by an at - fault driver who doesn't have insurance (uninsured) or, in some states, by a hit - and - run or miss - and - run driver.

If, during a covered trip, there is an unexpected death of an immediate family member (spouse, child, parent or sibling), a break - in at the insured's principle residence, or the substantial destruction of the insured's principal residence due to a fire or natural disaster, Patriot GoTravelSM America pays to return the insured to the area of principal residence.

Trip cancellation insurance usually only reimburses expenses incurred from unforeseen events such as illness or death of the insured or a family member and financial default of the airline or cruise, among many other reasons depending on the policy.

Sickness, injury or death of insured, a family member, a travel companion, a business partner or a child caregiver

A Term Life policy offers coverage only if death occurs during a specific period of time, which coincides with the terms in which the insured member is required to make a monthly premium.

The premium will depend on the attained age at start of policy year, gender, the amount of insured death benefit, occupation class and health of the member.

SUD Life Group Accidental Benefit Rider provides additional benefits in case of accidental death or accidental dismemberment of the insured member.

Subject to terms and conditions of the master policy, the Death benefit will be paid to the nominee / appointee / legal heir or estate of the Insured Member

Subject to terms and conditions of the master policy, the Death Benefit will be directly payable to the Master Policyholder to the extent of outstanding loan amount; Death Benefit amount in excess of outstanding loan amount (if any), will be paid to the nominee / appointee / legal heir of the Insured Member.

Term insurance policies are popularly known as death benefit policies which are specifically designed to provide financial support to the family members of the insured in case of an unfortunate event.

• On death of any insured group member during the policy term, the Sum Assured will be payable to the nominee / legal heir of that member

It is useful post the sudden death of the insured especially if he is the sole earning member of the family.

Suicide exclusion under Death Benefit: - In case the insured member commits suicide whether sane or insane, within 12 months from the policy inception date or from the date of inception of the member under the group insurance scheme, whichever is later, then higher of 80 % of the premiums paid or surrender value in respect of concerned insured member is payable to the nominee / beneficiary.

Death must occur during the Period of Coverage while the Insured Person is riding as a passenger (but not a pilot, operator or member of the crew) in or on a Common Carrier.

Under this plan, the policy holders, family members or the nominees named in the policy are entitled to avail the sum insured in case of injury, death, permanent disability, total or partial disability caused to the policy holder by an accident.

Failing the spouse, the insured member's surviving children including step - children, adopted or foster children and children born less than 300 days from the date of the insured member's death, in equal shares among them.

• The insured person did not share the policy details with his / her family members and in the event of a sudden death of the insured, family members did not make any claim for the insured amount.

Case 1: Upon death of the insured Insurance policy proceeds received by the family members in the event of death of the policy holder is completely tax exempt under section 10 of income tax act.

Some of the benefits that are provided by this policy include a death benefit or a monetary value that is built up and can be availed of by the insured during his lifetime, to be used for retirement or even college funding for members of the family.

Term insurance gives benefits to family members of an insured person after his death.

Deleting of Insured Members or Death or Separation or Policyholder / Insured Person Leaving the country only if no claims are paid / outstanding

Deletion of Insured Members or Death or Separation of Policy Holder / Insured Person Leaving the country, only if no claims are paid / outstanding