Sentences with phrase «death of the insured parent»

Child Solution — This variant has been designed to offer benefits to the child in the event of the death of the insured parents.

You will also be glad to know that the policy offers a provision to receive complete benefits without paying future premiums, in case of death of the insured parent.

Not exact matches

In the event that the insured parent passes away during the 10 - year period of the policy, a $ 50,000 death benefit is paid to a trust1.

In the event of the unfortunate death of the insured (parent) during the policy tenure, insurance companies often offer to waive the premium.

When the insured person who is the parent faces death within the term of the SBI child plan, the Sum Assured is paid to his nominee which should not be lower than 105 % of the premiums paid during his lifetime.

If the parent is insured under the plan then in case of the parent's death, all premiums payable will be waived by the company as per the inbuilt Premium Waiver clause while the plan will continue.

If the life insured is the parent and if he dies during the period of the plan, a death benefit is immediately paid to the nominee.

People regularly choose term life insurance because it is often one of the most affordable ways to protect a family from the unexpected death of a parent (the «insured»).

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.

In case of sudden demise of the insured parent, the death benefit payable is higher of 10 times the annual premium or 105 % of all premiums paid till death or maturity Sum Assured or the absolute Sum Assured.

In the event of death of the insured, the parents and the family listed as nominees are entitled to receive the policy proceeds, and no other legal heir can make claims.

Interruption of Trip: If the Insured is unable to continue the Trip due to the death of a parent, spouse, sibling or child; or due to serious damage to the Insured's principal residence from fire, flood or similar natural disaster (tornado, earthquake, hurricane, etc.), the program will reimburse up to the maximum stated in the Schedule of Benefits the Insured for the cost of economy travel, less the value of applied credit from an unused return travel ticket, to return home to their area of principal residence.

o Children's Education Bonus in case of Accidental Death or Permanent Total Disablement of parent of Rs. 5000 / - for 1 child or Rs. 10,000 / - maximum for 2 children below the age of 19 or 10 % of capital sum insured, whichever is less

Save - n - Gain Benefit: In case of unfortunate death of the parent or critical illness of the life insured during the policy term, Sum Assured is paid to the beneficiary (child).