A financial coverage plan to a certain any financial obligations of the insurer's family in the event
of death of the insurer.
(specified somewhere above) Therefore, in the event of
death of the insurer within two years (due to medical / health reasons only) the insurance company can probe & check whether correct information was provided or not.
In case
of death of insurer, nominee will get higher of the Fund Value or Sum Assured with a minimum of 105 % of total basic premiums till the time of death.
Aegon Life iIncome Insurance Plans - It is an online plan that ensures that the nominee gets continued payouts in case of
the death of the insurer.
Aegon Life Term Insurance Plans - This plan helps the nominee after
the death of the insurer in a lot of ways.
It ensures that the family gets assured monthly income in case of
the death of the insurer.
However, there are new policies with an indefinite life insurance maturity date which actually makes it impossible for the policy to mature before
the death of the insurer.
The sum payable upon maturity or
the death of the insurer will include the reversionary bonus made from the profits.
Term insurance is a type of life insurance policy where the life of insurer will be covered for a higher sum assured value and in case of
death of insurer, his / her nominee or family will get the lump - sum amount as death benefit.
What is considered as
the death of the insurer?