Sentences with phrase «death of the life assured»

In case of death of the life assured of a discontinued plan, the fund value subject to a minimum guaranteed interest will be paid to the nominee.

In the unfortunate event of death of the life assured during the policy term, the nominee will receive the death benefit as below.

The whole life benefit is payable on death of the life assured after the policy maturity or the life insured survives till 100 years, whichever occurs earlier.

In case of unfortunate death of the life assured during the policy term sum assured shall be payable.

In case of death of the life assured before the date of commencement of risk, then the premium will be returned excluding the extra premium, taxes and rider premium, if any.

Upon death of the life assured, the base sum assured is reduced by all the partial withdrawals made with - in two years before the date of death.

In the event of death of the life assured prior the date of maturity and the policy is in - force, the following death benefit is payable.

The major exclusion on all life term insurance plan is on the suicidal death of the life assured during the policy term.

During the policy term if the unfortunate death of the life assured take place, then the sum assured will be payable which is also known as the death benefit.

On death of the life assured with in the policy term, all the benefits under the plan will continue.

In case of death of the life assured Rs 10,000 will be paid monthly for a term of 10 years, starting from the next policy monthly anniversary after death and claim acceptance.

It provides the option of partial withdrawals and benefits on death of the life assured or on maturity of the policy.

In the event of death of the life assured during the policy term and before commencement of the risk, the single premium is then payable.

This is measured by the loss, which the Policy Owner would suffer on the unfortunate death of the Life Assured.

In the event of death of the life assured during this period, the available fund value is payable to the nominee and the policy gets terminated.

In case of unfortunate death of the life assured while the policy is in - force, the Death Benefit payable is higher of Base Sum Assured less partial withdrawals #, 105 % of the total premiums paid, or Base Fund Value.

Edelweiss Tokio Life — Group Accidental Death Benefit Rider provides full rider sum assured in lumpsum on death of the life assured due to accident.

If death of the life assured occurs after claim has been paid for cancer and income benefit being triggered, no additional benefit will be payable on death and outstanding income benefits (if any) will be paid to the nominee.

Premium Waiver Benefit - All regular premiums due after death of the life assured are waived.

Extra Life Option: Option that gives your family additional lumpsum amount due to an unexpected accidental death of the life assured.

If death of the life assured occurs on or after attaining age 60 years, then, the sum assured shall be reduced to the extent of any partial withdrawals made from the single premium fund during the two year period before attaining age 60 and all the partial withdrawals made from the single premium fund after attaining age 60.

In an event of an unfortunate untimely death of the life assured due to the accident or within90 days of the accident, 100 % rider benefit will be paid in addition to the base sum assured.

In the event of unfortunate death of the life assured within the policy term while all due premiums are paid, the death benefit payable is higher of Sum Assured plus Top up Sum Assured OR Fund Value as on the date of receipt of intimation of death.

This is ideal for those who want to provide a requisite financial cushion to their family / beneficiaries against the adversities in life due to a premature death of the life assured during the policy term.

On death of the life assured at any time prior to 11th February 2027, «165,100.00 plus the vested bonuses will be payable.

Death Benefit: During the policy term if the unfortunate death of the life assured happens then the sum assured will be payable.

Step 3: Choose the number of years (Payout Period) for which the regular income is to be paid to your nominee, in case of death of the Life Assured Step 4: Choose the duration of cover (Policy Term) and Premium Payment Term as per your convenience.

In case of death of the life assured INR 10,000 will be paid per month for a period of 10 years starting from the next monthly anniversary following the date of death and acceptance of claim.

SBI Life - Preferred Term Rider It covers death of life assured.

In the case of death of the life assured because of an accident, the nominee will receive 50 % of additional sum assured along with the usual death benefit of sum assured and accumulated bonus.

Maturity Benefit Options (a) Enhanced Cash Option: · Sum Assured + Reversionary Bonus + Interim Bonus (if any) + Terminal Bonus (if any) + · Enhanced Terminal Bonus OR (b) Enhanced Cover Option: · Sum Assured + Reversionary Bonus + Interim Bonus (if any) + Terminal Bonus (if any) · And Additional Sum Assured payable on death of Life Assured upto the age of 99 Years.

In case, the death certificate is not issued you may submit report or document issued by the Police Authorities or the Armed forces indicating death of the life assured.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Basic Fund Value (till the date of intimation of death) or Basic Sum Assured Plus Top - up Fund Value (till the date of intimation of death) or Top - up Sum Assured.

In the event of death of the life assured before the date of maturity, the Sum Assured on Death, is payable, provided the policy is in - force.

In this case, an Extra Life Sum Assured is paid along with the death benefit upon death of Life Assured due to accident.

Accidental Death Benefit is payable in case of accidental death of the life assured.

In an unfortunate event of an untimely death of the life assured during the policy period, the nominee receives monthly installments.

If death of the life assured occurs on or after attaining age 60 years, then, the sum assured shall be reduced to the extent of the partial withdrawals made from the regular premium fund during the two year period before attaining age 60 and all the partial withdrawals made from the regular premium fund after attaining age 60.

In addition to wealth accumulation, the additional risk cover ensures readjustment cushion for the near and dear ones in the rare event of premature death of the Life Assured.

In the event of death of the life assured prior the date of maturity, Sum Assured on Death plus vested Simple Reversionary Bonuses and Final Additional Bonus is payable, provided the policy is in - force.

In case of death of the Life Assured during Policy Term, Sum Assured under the plan will be paid to the nominee and the policy will be te

Accident Benefit Rider: In the event of death of the life assured due to an accident or accidental permanent disability, rider sum assured is paid.

These types of policies that only cover an untimely or premature death of the life assured is called a pure death risk cover - term insurance.

On death of the life assured before the vesting date, the death benefit payable to the nominee will be higher of the total Fund Value as on date of receipt of intimation of death or the Guaranteed Death Benefit

In the event of unfortunate death of the life assured before completion of the endowment term, for regular premium, the death benefit payable is higher of Sum Assured on Death plus Vested Simple Reversionary Bonuses plus Terminal Bonus or 105 % of the total premiums paid.

No benefit shall become payable in case of death of the Life Assured while the ICICI term insurance policy is in lapsed condition.

In the event of the unfortunate death of the life assured during the policy term and if all due premiums have been paid, the above mentioned Death Benefit will be paid to the nominee in the form of lump sum.

In case of unfortunate death of the Life Assured during the policy term Sum Assured shall be payable.

(For in - force policies, provided the monies are not in discontinued policy fund) IN the event of death of the life assured, the nominee will receive the death benefit which will be higher of the following: