Sentences with phrase «death sum assured»

The death sum assured increase every 5 year in case of jeevan pragati while its 125 % constant in case of Jeevan Anand.

$ 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 unfortunate case of death of the life insured at any time during the policy term of 14 years, provided the policy is in force and all premiums have been paid in full, the beneficiary would be paid the death sum assured which would be the highest of: Guaranteed Sum Assured on maturity *, 10 times of Annualised Premium, 105 % of all premiums paid (including extra premiums and modal loading), Basic Sum Assured (An absolute amount of 10 times premium, including extra premiums and modal loading) or Sum of all Guaranteed Annual Payouts.

Under accelerated, the payment made for the rider is deducted from the death sum assured.

The death benefit is payable if the life insured dies during the term of the policy provided the policy is premium paying.The death benefit payable to the nominee is equal to the death sum assured under the policy.Death Sum Assured is defined as the higher of 10 times the Annualized Premium OR 105 % of all the premiums paid as on date of death of the Life Assured, OR Guaranteed Maturity Benefit (i.e. Basic Sum Assured), OR Absolute amount assured to be paid on death (i.e. Basic Sum Assured).

In case of death of the policyholder, the death sum assured ranges between 10 to 13 times of annualised premium and the death benefit is at least equal to 115 % of annualised premiums paid until date of death.

Death sum assured is payable on death which is higher of 10 times the Annualised Premium or Sum Assured or 105 % of the total premiums paid (excluding Service Tax, extra premiums, if any) till date of death.

In the event of death of the life insured during the term of the policy, the death sum assured is payable immediately.

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, if any.

Death sum assured which is the highest of 10 times the Annualized Premium or Basic Sum Assured (BSA) or minimum guaranteed sum assured on maturity or 105 % of all paid premiums.

Sum Assured on death will be payable to the nominee, which is equal to the base sum assured of 5 lacs or death sum assured as specified in the policy.

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).

In case of the unfortunate event of death of the life insured during the policy term, your nominee will get the death sum assured, which is the highest of:

For life insured with the entry age of 5 years and above, the death sum assured, irrespective of survival benefit already paid, is either equal to or higher than of 10 times of annualized premium, or 105 % of premiums paid till date of death, or minimum guaranteed sum assured on maturity or absolute amount assured to be paid on death.

The death benefit payable to the nominee in the event of life insured's death during the policy period is Death sum assured which is higher of:

Death Benefit is the death sum assured payable immediately.

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

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 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.

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.

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

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

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

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.

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.

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.

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.

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

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

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.

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

In case of policy holder's death while the policy is in force, the next of kin / nominee is liable to receive a lump sum equal to the death sum assured as per the policy agreement.

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.

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

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

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

Not exact matches

Hi Vipul, on maturity of ulip for Type 2 option on a ulip do you get funds value + sum assured or is it only in case of death of policy holder.

Death Benefit — When the policyholder dies, 100 % of the sum assured is paid out to the nominees as a death benefit, irrespective of survival benefits already Death Benefit — When the policyholder dies, 100 % of the sum assured is paid out to the nominees as a death benefit, irrespective of survival benefits already death benefit, irrespective of survival benefits already paid.

Absolute amount assured to be paid on death equal to the sum assured Plus, any Guaranteed Additions accrued as on the date of death; or

2) Bharti AXA Life Accidental Death Benefit Rider (UIN: 130B008V01): Under this rider you will receive additional sum assured as chosen in case of unfortunate event of death due to an acciDeath Benefit Rider (UIN: 130B008V01): Under this rider you will receive additional sum assured as chosen in case of unfortunate event of death due to an accideath due to an accident.

Death Benefit - In case of uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus ifDeath Benefit - In case of uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus ifdeath benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus if any.

In case of death, the sum assured or the insurance cover amount is payable to your dependents or nominees.

Dear sir I am taking online plan but on company toll free no they tell me that in montly income plan policy we get sum assured at the insured person death & after that nominee also receive a monthly income for 10 years.

Dear Sri, Term insurance without ADB Rider: Death due to accident is covered and the basic sum assured will be paid to the nominee.

Dear Om Prakash, The death benefit in case of term plan is the basic sum assured that you opt for.

they are clearly mentioning that — on case of death benefit sum assured will given....

Term insurance with ADB rider: If death happens due to an accident, basic sum assured + sum assured selected under ADB rider, both put together will be paid as claim amount to the nominee.

Fund Value means the market value of the units as on date of Intimation excluding sum assured and any other death benefit after deducting applicable charges as per «policy bond» as on date of Intimation.

50 % of the sum assured is paid immediately on the policyholder's death.

Life Insurance benefit: This is the sum assured that is paid on the unfortunate death of the policy holder.