Sentences with phrase «death of the insurer nominee»

5) Like other policies on death of the insurer nominee will get the sum assured with the accrued bonus amount.

Not exact matches

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.

In case of premature death of the insurer, the nominee gets 108 % of total premiums.

The nominees of the policy can claim death benefits from the insurer in the event of death of the insured during the tenure of the policy.

If you die before the tenure of the plan, the life insurer pays an amount called the sum assured (death benefit) to your spouse and children (nominees of the term life plan).

The insurer provides a compensation to the nominee, subject to the death of the policyholder due to severe bodily injuries arising from an accident due to a visible, violent external means.

In general, the nominee in a child plan, the child receives two payouts from the insurer in case of the policyholder's who is the parent or the guardain's death.

In case of any unforeseen situation like death, the insurer pays your nominee the higher of the sum assured or the available fund value.

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.

In this plan, the sum assured amount which the insurer promises to pay would be provided to the nominee or beneficiary as stated in the policy document in case of insured's death.

The insurer pays the accidental death sum assured to the nominee, which is over & above the base sum assured of the policy.

The insurer, on the other hand, assures the policyholder to pay the sum insured to the nominee / beneficiary in case of the untimely death of the insured during the policy term, provided the policy is in force.

In case of death or PTD, the insurer will pay the nominee an amount equal to the sum assured.

For example, in case of death due to accident or suicide, your nominee may receive the entire lumpsum from one insurer while receive no money at all from the other insurer.

In the event of the death of the policyholder, your insurer will pay the corpus accumulated in the pension plan to the nominee.

Accidental Death (AD) Benefit: In case of death due to an accident, insurer will pay your nominee / legal heir Accidental Death (AD) Benefit as a lump sum.This benefit is inbuilt in Life Plus Option and All in one option of the Death (AD) Benefit: In case of death due to an accident, insurer will pay your nominee / legal heir Accidental Death (AD) Benefit as a lump sum.This benefit is inbuilt in Life Plus Option and All in one option of the death due to an accident, insurer will pay your nominee / legal heir Accidental Death (AD) Benefit as a lump sum.This benefit is inbuilt in Life Plus Option and All in one option of the Death (AD) Benefit as a lump sum.This benefit is inbuilt in Life Plus Option and All in one option of the plan.

The insurer pays the death benefit to the nominee, wherein the death benefit is maximum of sum assured, 105 % of the premiums paid, or 10 times the annualised premium.

o In the event of unfortunate death or terminal illness (if all due premiums are fully paid), the insurer pays the sum assured to the nominee in equated monthly installments.

The lump - sum amount the insurer pays to the nominee for a life insurance policy in the event of the death of the insured.

An accidental death rider will give the nominee a higher payout if the death of the insured is due to an accident, subject to the exclusions prescribed by insurer.

In case the Master Policy is issued under Lender - Borrower category to any of the «Regulated Entities», the Member shall have an option to issue an authorization in favour of insurer to the effect that in the unfortunate event of the Member's death during the Coverage Term, the claim amount, if any payable under the Master Policy shall first be utilized for payment to Master Policyholder for the outstanding loan amount as specified in Master Policyholder's Credit Account Statement and the balance amount, if any, payable under the Master Policy will be payable to the Member's Nominees / legal heirs or legal representatives (as applicable).