Sentences with phrase «death of the insured within»

On death of the insured within the plan tenure, the payable value will be higher of the chosen Sum Assured or 105 % of the total premiums which were paid till death.

A term plan could be and ideal choice in such a situation as it supports the dependents by providing funds on the death of the insured within the specified term.

In the unfortunate event of death of the insured within the term of the policy, the nominee (s) stands to receive the sum assured.

This plan offers basic sum assured along with accumulated non-guaranteed simple annual reversionary bonuses plus non-guaranteed terminal bonus to the nominee in case of death of the insured within the tenure of the policy

While making the claims for the death benefits of the plan, the nominees to whom the benefits shall be payable based on sending a documented notice to the company about the death of the insured within 90 days of the claims arising.

A rider on a Life Insurance policy providing that, in the event of death of the insured within a specified period of time, the policy will pay, in addition to the face amount, an amount equal to the sum of all premiums paid to date.

A rider on a life insurance policy that will pay an amount equal to the sum of all premiums paid in addition to the face amount owed in the event of a death of the insured within a specified allotted time period.

Not exact matches

Just like we saw with whole life insurance, the death benefit works in exactly the same way in that it will be paid to the beneficiary as long as the insured passes away within the dates of the policy, i.e. the contract.

On the death of the insured, as long as it falls within the term, it pays out the amount of the policy to the beneficiary.

«Guaranteed 48 hours Fund Value release» means release of the cheque on intimation of death of Life Insured towards the Fund Value accrued under your policy, in the beneficiary's name within 48 hours and does not in any way indicate acceptance of any other policy liability.

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.

This «living benefit» allows the insured to receive 75 percent of the policy's face amount in advance — up to a maximum dollar amount of $ 750,000 — in the event of a terminal illness diagnosis that will likely result in death within 24 months.

Definition of a suicide clause: if the insured person commits suicide, while sane or insane, within a specified period — usually two years — the insurance company would not be obligated to pay the death benefit and instead would just return the premiums paid.

If the insured individual dies within that specific period of time, the life insurance carrier pays a death benefit to the insured's beneficiaries.

The company promises to pay a death benefit to a beneficiary when the insured dies as long if the insured meets the conditions of the contract (for example, dying within the term period).

Where an ICBC insured at the date of death resulting from a motor vehicle accident comes within an age group set out in column A of the following Table and the insured has the status set out in column B, C or D, the amount of death benefit payable under section 92 is the amount set out below that status and opposite that age group.

One of these is the fact many guaranteed acceptance life insurance policies will not pay out the full amount of the death benefit if the insured dies within the first two years of owning the policy.

With the guaranteed acceptance coverage through Colonial Penn, if the insured dies within the first two years of coverage, then the amount of the death benefit paid out to the beneficiary will be reduced.

For instance, in some cases, only a portion of the death benefit will be paid out if the insured dies within just one or two years of purchasing the policy.

The company promises to pay a death benefit to a beneficiary when the insured dies as long if the insured meets the conditions of the contract (for example, dying within the term period).

Here, the named beneficiary will not receive the full amount of the death benefit if the insured dies within the first two or three years that the policy is in force.

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.

These plans are considered to be flexible, as the insured can change — within certain guidelines — how much of the premium goes into the cash component, and how much goes into the death benefit.

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.

Some make you pay for the benefit, which allows for the owner to access a portion of the death benefit prior to death if the insured has chronic illness and / or is terminally ill (expected to die within 24 months).

This means that if the insured passes away within the first two or three years that the policy is in force, the named beneficiary will only receive a portion of the death benefit rather than the entire stated amount.

Term insurance is designed to provide temporary protection for risk of premature death and pays a benefit if the insured dies within the established term period.

Note: Most life insurance policies contain a «2 year contestability period» which allows the insurance company to investigate any death within the first 2 years of coverage, to ensure the insured person did not lie or misrepresent him / herself on the original application.

Such policy articulates the person who will obtain the proceeds, which is the amount of the death benefit, from the insurance business company whenever the designated person insured dies within the term of the insurance contract policy.

The benefit provides a payment of Rs. 1 lakhs of the Sum Assured in lump sum to the nominee within 48 hours of death of the insured if the company has been duly notified.

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.

Death of the Insured person: If death occurs within 12 months from the date of the accident, then the company will pay the maximum Sum InsDeath of the Insured person: If death occurs within 12 months from the date of the accident, then the company will pay the maximum Sum Insdeath occurs within 12 months from the date of the accident, then the company will pay the maximum Sum Insured.

In the event of death caused due to accident or due to any consequence of injury within 12 Months post occurrence of accident is covered up to the full sum insured amount.

In case of death of the life insured within the duration of the plan, the Sum Assured chosen at the inception of the plan is paid to the nominee.

In case the Life Insured commits suicide within a year of Minor Revival, the nominee will receive the Death Benefit.

The LIC online term plan is a pure term plan which promises the payment of the Sum Assured only if the life insured faces death within the tenure of this LIC plan.

Capital sum insured shall be paid in the event of death caused due to any bodily injury within 12 months post sustaining the injury.

Thus, if the Life Insured dies within the policy tenure, the death benefit is payable to the nominee and nothing is payable on the maturity of the policy.

The life insurance company won't pay the death benefit if the insured commits suicide within two years of taking out the policy.

If the injury takes place within 12 calender months and the sole and direct reason is death of the insured / insured persons, the capital sum insured mentioned in the schedule.

Death Benefit - In case of the demise of the insured within the initial 5 years of the policy issued date (i.e. before the vesting date), a basic sum assured plus accrued guaranteed addition in paid to the policy beneficiary either in a lump - sum or as the annuity or as a combination of two.

If the named insured shown on the coverage summary page, his / her spouse, or their dependent children suffer an accidental death arising from the use or operation of the insured watercraft while this policy is in effect, and provided that the death occurs within 12 months of the date of the accident, we will compensate the estate of the deceased person as follows:

If suicide is committed by the person insured within a year of the commencement of policy or the date of the last reinstatement, only the Fund Value in the unit account as on the date of death would be refunded.

And, if the insured commits suicide within the first year of plan renewal, then a higher of Surrender Value on death and 80 % of premiums paid till date shall be payable.

Definition of a suicide clause: if the insured person commits suicide, while sane or insane, within a specified period — usually two years — the insurance company would not be obligated to pay the death benefit and instead would just return the premiums paid.

It is important to note that with this guaranteed issue policy, there is a reduced amount of death benefit paid out to the policy's named beneficiary if the insured dies within three years of purchasing the policy.

The guaranteed death benefit is not payable in case the life insured (whether sane or insane) commits suicide within 12 months from the date of policy commencement.

It is designed to provide financial protection to the family and loved ones of the insured individual should death occur within the time of protection.

If the travel injury sustained due to the aircraft accident results, within 181 days of the accident, in the death of the insured traveler, in the severance of a limb, or in irretrievable loss of eyesight, speech or hearing, the Accidental Death & Dismemberment (Air Flight Only) coverage will pay the largest amount of the following benedeath of the insured traveler, in the severance of a limb, or in irretrievable loss of eyesight, speech or hearing, the Accidental Death & Dismemberment (Air Flight Only) coverage will pay the largest amount of the following beneDeath & Dismemberment (Air Flight Only) coverage will pay the largest amount of the following benefits.

Terminal Illnesses are illnesses or physical conditions that are certified by a physician to be reasonably expected to result in the insured's death within 24 months from the date of certification.