Sentences with phrase «death risk commencement»
In case of unfortunate death of the policy holder death risk commencement, only premium paid will be paid back.
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However, if the death occurs before the commencement of the risk, only the basic premiums are paid back to the nominee.
Suicide Exclusion: If the Life Assured commits suicide within one year from the risk commencement date or revival date, if revived, whether sane or insane at that time, the Company will limit the Death Benefits to the Fund Value as available on the death date and no insurance benefit will be payDeath Benefits to the Fund Value as available on the death date and no insurance benefit will be paydeath date and no insurance benefit will be payable.
On death of the policyholder before the commencement of risk, an amount equal to the policyholder's fund value will be payable.
On death before the date of commencement of risk: All the premiums paid (excluding extra premium + premium for premium waiver benefit (if any) + interest of 3 % p.a compounding yearly.
In this child insurance plan the sum assured plus bonus is paid straight away to the nominee on death of the life insured after commencement of risk.
Before commencement of risk: In this case the death benefit will be only the sum of premiums paid excluding taxes and extra or rider premium.
After risk commencement, the Sum Assured along accrued bonuses, if any would be paid as the Death Benefit
In case of death of policy holder, the fund value accumulated till date will be paid to nominee in case death before the date of commencement of risk.
- After the date of Commencement of risk: In this case, Sum Assured on death is decided based on the single tabular premium.
But if unfortunate death happens after commencement of risk, then nominee will get Sum Assured on death + Vested Simple Reversionary bonuses and Final Additional Bonus (if any).
a) Death before date of commencement of risk: If the death of the policyholder occurs before the date of commencement of risk then death benefit pay - out will be return of single premium excluding service tax and any extra premium paid without inteDeath before date of commencement of risk: If the death of the policyholder occurs before the date of commencement of risk then death benefit pay - out will be return of single premium excluding service tax and any extra premium paid without intedeath of the policyholder occurs before the date of commencement of risk then death benefit pay - out will be return of single premium excluding service tax and any extra premium paid without intedeath benefit pay - out will be return of single premium excluding service tax and any extra premium paid without interest.
If death of the insured occurs after the commencement of risk, death benefit amount including «Sum Assured on death + Final Additional Bonus + Accrued Bonuses will be paid.
In case of death before the commencement of risk, policy holder's family will get the paid premiums till date after deducting taxes, extra premium and rider Premiums (if any).
On death after the commencement of risk a definite sum of Sum Assured on Death and vested Simple reversionary bonuses along with final additional bonus are gdeath after the commencement of risk a definite sum of Sum Assured on Death and vested Simple reversionary bonuses along with final additional bonus are gDeath and vested Simple reversionary bonuses along with final additional bonus are given.
If the policyholder dies after the commencement of risk date then the sum assured plus accrued bonus would be paid as death benefit.
Death Benefits - If the life assured dies before the commencement of the risk, the paid premiums are returned.
In case of any mishappening that causes the death of the insured person before the date of commencement of risks, LIC is bound to refund the single premium without any interest.
After commencement of the risk cover, the death benefit would be the same as for Entry Age above 5 years.
If death occurs due to suicide within 12 months from the date of commencement of risk or of the Policy, the death benefit is refund of at least 80 % of the premium (s) paid provided the Policy is in - force.
In the event of death of the life insured before the date of maturity, but after the date of commencement of risk, Sum Assured on Death plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable to the nomdeath of the life insured before the date of maturity, but after the date of commencement of risk, Sum Assured on Death plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable to the nomDeath plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable to the nominee.
In the event of death of the life insured before the date of maturity, but prior the date of commencement of risk, Return of Premium (excluding taxes, rider premium & extra premium, if any).
Death happens before commencement of risk or Death happens within 5 years from the date of policy: All premiums paid without any interest would be paid.
If death occurs after the commencement of risk, highest of Basic Sum Assured or life insured fund value would be paid.
In case of death of the child, i.e. the Life Insured before the risk commencement then the nominee would get only the basic premiums paid till date.
Death benefit depends on the date of commencement of risk.
Death happens before commencement of risk: All premiums paid without any interest would be paid.
If death occurs after the commencement of risk, i.e. after 8 years of age, of kid or after 2 years from the date of policy, Sum Assured + Bonus + Final Additional Bonus, if any, shall be payable.
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.
On death during the term of the policy and on or after the date of commencement of risk, Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus is payable.
On death before the Date of Commencement of Risk: An amount equal to the Policyholder's Fund Value is payable.
On death after the Date of Commencement of Risk: An amount equal to the higher of Basic Sum Assured or Policyholder's Fund Value is payable.
On Death after the commencement of Risk: Sum of Sum Assured on Death, vested Simple Reversionary Bonuses and Final Additional bonus is payable.
On death prior to the commencement of Risk: Return of premiums paid without interest is payable.
In the event of death of the life insured before the date of maturity, but prior the date of commencement of risk, an amount equal to the amount of total premiums paid shall be payable.
But if death occurs before the commencement of risk, then only the sum of basic premiums are paid back.
Upon commencement of the risk cover, the death benefit payable is same as for Entry Age 5 years and above.
Upon commencement of the risk cover, the death benefit payable is same as applicable for policyholder with entry age 5 years and above.
ON DEATH: After the commencement of risk if insured dies, nominee will get SUM ASSURED on death and vested simple reversionary bonuses and final additional bonus, if any, shall be payDEATH: After the commencement of risk if insured dies, nominee will get SUM ASSURED on death and vested simple reversionary bonuses and final additional bonus, if any, shall be paydeath and vested simple reversionary bonuses and final additional bonus, if any, shall be payable.
ON DEATH: On death of insured AFTER COMMENCEMENT OF RISK, sum assured along with vested simple reversionary bonuses and final additional bonus, if any, shall be payDEATH: On death of insured AFTER COMMENCEMENT OF RISK, sum assured along with vested simple reversionary bonuses and final additional bonus, if any, shall be paydeath of insured AFTER COMMENCEMENT OF RISK, sum assured along with vested simple reversionary bonuses and final additional bonus, if any, shall be payable.
On death during the policy term after the date of commencement of risk: Sum Assured along with vested Simple Bonuses and Final Additional Bonus, If any.
(B) After Risk commencement: Death Sum Assured along with vested Simple bonuses and final additional bonus (if any) will be payable.
In the event of death (of child) before commencement of risk (life cover), you will get back total premiums paid till date excluding taxes and rider premium.
On death during the policy term before the date of commencement of risk: Return of single premium excluding service tax and extra premium, if any.
In case of death of life assured before the commencement of risk, the benefits would be sum assured including revisionary bonuses and final additional bonus.
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.
In this plan, the sum assured together with bonus is directly given to the nominee on the death of the life insured after the commencement of risk.
If death occurs after the commencement of risk, i.e. after 8 years of age, of kid, Sum Assured and vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable.
On death after the date of commencement of risk: Death benefit, defined as sum of «Sum Assured on Death» and vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be paydeath after the date of commencement of risk: Death benefit, defined as sum of «Sum Assured on Death» and vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payDeath benefit, defined as sum of «Sum Assured on Death» and vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payDeath» and vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable.