Sentences with phrase «death sum»

In case the policyholder dies in an accident, the nominee gets the accidental death sum assured.

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

In case of death of the life insured during the policy term, provided all due premiums have been paid, the nominee will get death sum assured and the policy will terminate.

Under this rider, an accidental death sum assured is paid to your nominee, which is additional to the base sum assured of the policy.

$ Death Sum Assured = 10 times the Annualised premium (where annualized Premium for the purpose of death sum assured refers to premium payable in a year excluding any extra premium, service tax and loading for modal factors, if any) or Guaranteed Maturity Benefit or Absolute amount assured to be paid on death (i.e. Basic Sum assured) or 105 % of all premiums paid (excluding any extra premium, and service tax, if any) as on date of death, whichever is higher.

In the event of death of the life insured during the policy tenure, the nominee will receive death sum assured as stated in the contract plus accrued reversionary and terminal bonus.

The critical illness benefit is not an additional benefit, which means that the policy will continue to be active with death sum assured after the pay - out of the critical illness cover at the time of diagnosis of 7 important critical illnesses.

Taiwan and Japan both record suffocation rates that are higher than SIDS rates, and together these two causes of death sum up to values similar to those for SIDS in western countries.

If Year is 2017, Age is 27 years, i. Death sum assured 1000000 INR ii.

When the policyholder will be diagnosed with either of the 7 critical illnesses, the critical illness benefit shall be paid as a lumpsum and if that amount is less than the base sum assured, the policy will continue with lesser death sum assured.

In the event of the untimely death of the life insured during the policy term, the total death sum assured is payable to the nominee as per the variants opted and payout option opted.

Depends on the payment mode, Guaranteed sum assured, annualized premium and total premium paid till the death

In case of pre-mature demise of the life insured, death sum insured plus vested guaranteed benefits plus vested reversionary bonuses plus interim bonus plus terminal bonus is payable.

Raman's nominee will receive Death sum assured of Rs 5 Lacs (or highest of 10 times the Annualized Premium or minimum guaranteed sum assured on maturity or 105 % of all paid premiums).

Death Benefit: In a situation where policyholder dies during the term of the plan, the nominee shall be paid the higher of sum assured or fund value or 105 % of all premiums paid till the date of the death

In the event of accidental death of the Life Insured when aged more than 18 years but not exceeding 60 years, an amount equal to accidental death sum assured of the policy in addition to death benefit mentioned above is payable, subject to maximum of Rs 50 Lacs.

InvestoBite Replied: 28-08-2017 10:39:16 In your case, 750000 is death sum assured which is minimum guaranteed amount to be paid in case of death during policy term and it 250 times of monthly premium for all ages (up to 49), while maturity sum assured of this particular plan depends premium, term and age.

Lump sum benefit option: On your death the sum assured will be paid to your family in lump sum and the policy will terminate.

In joint term plans, the insured and his / her spouse are covered and in case of death of either, the death sum assured for the deceased will be paid to the surviving member.

In case of an unfortunate event, the death sum assured will provide for your child's immediate needs.

In the unfortunate scenario of death of the life insured at any time during the policy term, the beneficiary would receive death sum assured, which would be the highest of Guaranteed Sum Assured on maturity (Maturity Sum Assured) *, 10 times of annualised premium (excluding service tax, education cess and extra underwriting premiums), 105 % of all premiums paid.

In Level cover, death sum assured remains constant and it reduces over the policy term in reducing cover.

In case of a lump sum payout, the death sum assured is paid at once and the policy terminates.

In case of death of the life assured during the term of the policy, the death sum assured is paid immediately.

Further, additional protection is offered against permanent total disability due to accidents.In event of your death the sum assured will be paid to your family.

Should Akash die due to an accident during the policy term, the nominee will receive the death sum assured (which is 125 % of Rs. 3,00,000), the additional accident sum assured (Rs. 3,00,000) as well as the accrued bonus.

The death sum assured benefit offers = 10 times of the annual premium or 105 % of the total premiums paid to date.

If Akash dies during the term of the policy, his nominee will receive the death sum assured, which is 125 % of the basic sum assured (i.e. 125 % of Rs. 3,00,000) as well as the accrued bonus.

On policy term after your death the sum assured is paid off to your family as per the policy conditions

In case the policyholder dies then the death sum assured ranges from 10 to 13 times of the annualised premiums.

In case the insured dies within policy term, the death sum assured shall be paid that will be higher of 10 times the annual premium or maturity sum assured or 105 % of all premiums paid till the date of death.

In case the insured dies, higher the sum assured or 11 times the annual premium is paid including the guaranteed additions subject to a minimum of 105 % of all premiums paid till the date of the death

Death Benefit: If the policyholder dies before the end of the policy term, the nominee shall be paid higher of the fund value or sum assured (minus partial withdrawals, if any) or the minimum death benefit that is 105 % of the total premium paid till the date of the death

Option 2: Higher of the sum assured or 11 times the annual premium is paid including guaranteed additions subject to a minimum of 105 % of all premiums paid till the time of the death

InvestoBite Replied: 06-11-2017 11:06:56 Please find your death sum assured and policy term on your policy receipt or policy document and use above calculator.

If the insured dies, the nominee shall be paid higher of sum assured or 11 times the annual premium is paid including guaranteed additions subject to a minimum of 105 % of total premiums paid till the date of the death

Here, the death sum assured is higher of 105 % of all the premiums paid, 10 times the annualized premium, maturity sum assured, or base sum assured.

The death benefit payable to the nominee the event of death during the policy period is Death sum assured which is higher of:

o Death Benefit Lump Sum Option: In case of death of the life insured, this plan pays the death sum assured as a lump sum.

o Death Benefit LumpSum + Monthly Income Option: In case of death of the life insured, this plan pays 50 % of the death sum assured as a lump sum and the balance amount is then paid as level monthly installments for a period of 10 years.

In case of death of the life insured, this plan pays 50 % of the death sum assured as a lump sum and the balance amount is then paid as equal monthly installments for a period till the nominated child attains 21 years.

o Death Benefit LumpSum + Increasing Monthly Income Option: In case of death of the life insured, this plan pays 50 % of the death sum assured as a lump sum and the balance amount is then paid as increasing monthly installments (@ 12 % per annum at the simple rate of interest) for a period of 10 years.

In the event of an unfortunate demise of the life insured, the nominee will receive the Death sum assured along with the compound reversionary and terminal bonus.

In case of unfortunate demise of the life insured within the policy period, the death sum assured is payable to the nominee, depending on the variants and payout option chosen.

A child insurance plan offers the death sum assured as a lump sum that caters to your child's immediate needs.

On your (life assured) death the sum assured is paid.

Death Benefit is the death sum assured payable immediately.

In case of the unfortunate event of the death of the life insured during the policy term, the death benefit payable to the nominee is the death sum assured which is higher of: