■ The additional death benefit can be taken as lump sum or as 25 % of basic sum assured paid at the end of the each last four years and family income benefit as 1 % of the basic sum assured at the end of every month following the date of
death till the end of the policy term but not less than 36 monthly payments.
o Monthly Income Benefit: In case of death of the life insured during the policy term, the nominee is entitled to receive the monthly income that starts from the date of
death till the end of the policy term, subject to a guaranteed payout for a minimum period of 36 months.
An amount equal to the Annualised Premium is paid to the beneficiary at the start of every Policy year from the date of
death till the end of the Policy Term.
Income Benefit - An amount equal to the Annualized Premium is paid to the beneficiary at the start of every policy year following the date of
death till the end of the Policy Term.
Not exact matches
Since the plan also ensures that if he were to survive
till the
end of the
policy term, he will receive all the premiums that he has paid over the entire
term thus ensuring that he receives commensurate benefits for the premiums he invests whether it is in the form
of the
Death Benefit or Maturity Benefit.
If joint life plan, on
death of the first policyholder, the sum assured is paid out but the plan remains in force
till the
death of the second life or
till the
end of the
policy term, whichever is earlier Additional sum assured is paid if the second life also dies prior to maturity
In the event
of death of the policyholder, the future premiums are waived off through the inbuilt Waiver
of Premium rider but the
policy continues to run
till the
end of policy term
Family Income Benefit (FIB)-- An amount equal to 10 %
of the Sum Assured will be paid on each
Policy anniversary following or coinciding with the Date
of Death of the Life Insured
till the
end of the
Policy Term, but not exceeding 10 such installmentsa
The
Policy will continue even after the
Death of the Life Insured
till the
end of the
Policy Term.
In addition, the nominee also gets the Income Benefit, which is 10 %
of the Sum Assured, every year
till the
end of the
policy term, from the date
of death of the
policy holder.
DHFL Pramerica Family Income Plan is a decreasing
term plan offered by DHFL Pramerica Life Insurance wherein the
death benefit may either be payable in a lumpsum to the nominee or in equal monthly installments
till the
end of the
policy tenure.
This is a Double
Death Benefit Plan if the life insured survives
till the
end of the
policy term.
Life Cover with inbuilt Waiver
of Future Premiums payable on Accidental Total and Permanent Disability: If the policyholder suffers from an accidental total permanent disability, all the future premium
till the
end of policy term or
death of policyholder, whichever is earlier, shall be waived and paid by the company itself.
On
death of the life assured during the
policy term, company pays chosen monthly benefit, increasing at 5 % every
policy year to the nominee
till the
end of policy term or 5 years, whichever is later.
The Policyholder will continue to receive these Benefits
till the
end of the
policy term or in the unfortunate event
of death, whichever is earlier.
Return
of Premium Option: If the policyholder survives
till the
end of the
policy term, he will receive the total premiums paid under this plan option.In case of life assured's death or being diagnosed with any of the Terminal Illness during the Policy Term a Lumpsum benefit will be paid to the no
policy term, he will receive the total premiums paid under this plan option.In case of life assured's death or being diagnosed with any of the Terminal Illness during the Policy Term a Lumpsum benefit will be paid to the nomi
term, he will receive the total premiums paid under this plan option.In case
of life assured's
death or being diagnosed with any
of the Terminal Illness during the
Policy Term a Lumpsum benefit will be paid to the no
Policy Term a Lumpsum benefit will be paid to the nomi
Term a Lumpsum benefit will be paid to the nominee.
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 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 benefit that is 105 %
of the total premium paid
till the date
of the
deathdeath
Death Benefits: If the policyholder dies before the end of policy term, the nominee shall be paid the higher of the sum assured (minus partial withdrawals, if any) or the total fund value or 105 % of the total premiums paid till the date of the
Death Benefits: If the policyholder dies before the
end of policy term, the nominee shall be paid the higher
of the sum assured (minus partial withdrawals, if any) or the total fund value or 105 %
of the total premiums paid
till the date
of the
deathdeath
Chosen «Monthly Benefit» will be paid monthly in arrear increasing at 5 % every
policy year to the nominee
till the
end of the
term OR 5 years, whichever is later on
death of life assured, payable when the unfortunate event
of death of life assured has been confirmed.
From 41st
policy year
till end of policy term,
Death Sum Assured would be equal to 200 %
of sum assured.
With the waiver
of premium benefit, a child plan continues
till end of the
policy term, even after
death and the maturity benefit is also payable.
On
death of the Life Insured anytime during the
term of the policy, the policy shall continue till the end of the Policy Term and the nominee shall get the following benef
term of the
policy, the policy shall continue till the end of the Policy Term and the nominee shall get the following ben
policy, the
policy shall continue till the end of the Policy Term and the nominee shall get the following ben
policy shall continue
till the
end of the
Policy Term and the nominee shall get the following ben
Policy Term and the nominee shall get the following benef
Term and the nominee shall get the following benefits:
The main feature
of LIC's New plan — Jeevan Umang is it provides annual Survival Benefits from the
end of the PPT (Premium Paying
Term)
till policy maturity and also pays lump sum amount at the time
of maturity (or) on
death of the policyholder (during the
policy tenure).
The plan provides for annual survival benefits from the
end of the premium paying
term till age 99 and a lump - sum payment at the time
of maturity or on
death of the policyholder during the
policy term.
o Option B - Income Replacement: In the event
of your
death, the nominee will receive a monthly income (increasing @ 5 % per annum compounded annually)
till the
end of the
policy term.
Reversionary Bonus during PPT (RB1): It accrues every year from the first
policy year
till the
end of premium paying
term and is payable on
death or at the
end of premium paying
term, whichever is earlier.
It is true that a pure life
policy, such as a
term life insurance does not provide returns, in case
of your survival
till end of the
policy term, but this
policy is aimed to getting an insurance cover that becomes helpful in the event
of your
death (life insured).