Sentences with phrase «death of the policyholder taking»

Edelweiss Tokio Life Protection is a pure Term Insurance Plan which provides a lump sum to the family in the event of death of the policyholder taking care of the income replacement needs.

Not exact matches

This means when you take out the policy, you are insuring two people, but the benefit is paid only once - on the death of the first of the two policyholders.

In case of an unfortunate death of the policyholder, the nominee can either take a lump sum or receive a regular pension for the rest of the policy tenure.

In case of death, the benefit can be taken either in lump sum, or in instalments under the Regular Annual Payout option or 50 % in lump sum and 50 % in instalments as per the policyholder's choice.

Also, insurers undertake serious investigations if the death of the policyholder occurs within two years of taking the policy.

If, during the policy term the policyholder passes away, the nominees receive a Death Benefit that takes care of their financial needs in the absence of the policyholder.

DHFL PramericaRakshak + is a traditional Endowment plan to take care of the child's future needs in case of the unfortunate death of the policyholder.

This is crucial, because when policyholders intend, but never actually got around to requesting a beneficiary change to take a former spouse off of the policy, that creates legal wiggle room for the former spouse to make a claim on the policy and start an unwanted legal dispute after the death of the insured.

At the end of 2016, Assurity Life Insurance Company had taken in more than $ 195.5 million in net premiums and deposits, and during that same year, the company had paid out nearly $ 63 million in policyholder payments, and more than $ 113 million in death benefits.

Guaranteed Death Benefit + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) Here, the Guaranteed Death Benefit is computed as the highest of 11 times the Annualised Premium or 105 % of all premiums paid by the Policyholder as on the date of death of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the poDeath Benefit + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) Here, the Guaranteed Death Benefit is computed as the highest of 11 times the Annualised Premium or 105 % of all premiums paid by the Policyholder as on the date of death of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the poDeath Benefit is computed as the highest of 11 times the Annualised Premium or 105 % of all premiums paid by the Policyholder as on the date of death of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the podeath of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the policy.

Although the policy will still maintain a death benefit, the policyholder is able to utilize the accumulation of the cash value for items that they may need prior to reaching their retirement — such as paying for a child's college, paying off their mortgage, or even taking a nice vacation.

Bajaj Allianz iSecure Loan is a traditional online term insurance plan designed to cover loans or mortgages availed by the policyholder thus ensuring peace of mind in taking care of the policyholder's liability even in case of unfortunate death

BSLI Guaranteed Future Plan is a traditional savings plan with regular income inflow option to take care of the family's requirement in the unfortunate death of the policyholder

Policyholders should thus exercise caution while taking up a loan against a life insurance policy because the policy is supposed to protect one's loved ones in the event of their death.

Coverage, or more specifically insurance coverage, is the amount of protection in terms of a sum of money that an insurance company provides to an insured person whereby, in the event of risk or risks insured against take place, such as death or accident, the policyholder or a designated beneficiary or beneficiaries shall receive an indemnification or payment up to the extent of the loss.

The policyholder can choose to take the death benefit in lump sum, in monthly instalments or in a combination of both.

Thus, if both these riders are taken together, the plan offers a comprehensive protection for the policyholder and his / her spouse, in case of critical illness or untimely death.

The policyholder or the nominee will have the option to take the maturity benefit or death benefit in equal monthly installments over a period of 5 or 10 years (as per your choice) from the date of maturity or the date of intimation of death.