Sentences with phrase «death of the person insured»

In case of death of the person insured anytime during the Policy Term, the nominee will receive Death Benefit.

The sum assured is obtainable to the beneficiary solely just in case of death of the person insured.

This is because the IRS might view any proceeds from the death of the person insured as a gift from the policy owner to the beneficiary, meaning they can be taxed.

Insurance that provides protection against the financial loss caused by the death of the person insured.

(b) in the case of the death of the person insured, if a declaration of presumption of death is necessary, the notice or proof is given or furnished no later than one year after the date a court makes the declaration.

A policy under which the insurance company promises to pay a death benefit upon the death of the person insured.

In the event of death of the Person Insured the Sum Assured is payable.

Death Benefit: The amount of coverage that will be paid out from a life insurance policy upon the death of the person insured.

Simply put, life insurance provides protection against the economic loss caused by the death of the person insured.

It's basically a small life insurance policy used to provide money to pay for funeral expenses upon the death of the person insured.

Life Insurance provides protection against the economic loss caused by the death of the person insured.

The Base Sum Assured less all Partial Withdrawals, made in accordance with the Partial Withdrawal provisions in the last 24 months preceding the date of death of the Person Insured, or

If a person died after 6 months of buying the term insurance policy, but claim it after completing of 3 yrs of policy starting date, and had paid all the premiums on time for three years.but he has not informed about the death of person insured to the company during the three year period.it is possible to get claim settled??

Term insurance is a type of policy that pays a predetermined amount of money upon the death of the person insured.

This is because the IRS might view any proceeds from the death of the person insured as a gift from the policy owner to the beneficiary, meaning they can be taxed.

The loan does not have to be repaid, but upon the death of the person insured, the loan balance, including accrued interest, is deducted from the indemnity payment.

A child plan is designed in such a way that it could fulfill all the financial needs of your children, whereas a unit - linked plan (ULIP) terminates paying lump - sum amount to the nominee after the death of the person insured.

A child plan is designed in such a way that it could fulfil all the financial needs of your children, whereas a unit - linked plan (ULIP) terminates paying lump - sum amount to the nominee after the death of the person insured.

i) If the death of the Person Insured occurs before the attainment of age 60: The death benefit payable will be higher of

In the event of the death of the person insured; the nominee will receive the highest of the following sums:

- The Base Sum Assured less all Partial Withdrawals (excluding any withdrawals made from Top - up Premium Account), made in accordance with the Partial Withdrawal provisions in the last 24 months preceding the date of death of the Person Insured

ii) If the death of the Person Insured occurs on or after the attainment of age 60: The death benefit payable will be higher of

Helps fulfill the financial obligations of the family / dependant in case of death of the person insured.