Sentences with phrase «demise during the policy term»

Under a Life Insurance Contract in India, the insurer assures to pay a definite sum to the policyholder's family on his demise during the policy term.

In case of the Life Assured's unfortunate demise during the Policy term, provided all due premiums have been paid, we will pay to the nominee the «Sum Assured on Death» The «Sum Assured on Death» shall be the highest of:

In the unfortunate event of his demise during the policy term, his nominee will receive a lump sum amount as death benefit.

Death Benefit in this plan secures your family in case of your unfortunate demise during the Policy Term.

In case of your unfortunate demise during the policy term, your family will receive Death Sum Assured * + Accrued Guaranteed Additions + Accrued Reversionary Bonuses (including any guaranteed addition and bonus pertaining to policy year of death) and terminal bonus, if any and the policy gets terminated immediately.

In case of your demise during the policy term, the decided cover amount is paid to your nominee.

Term life insurance is a pure and traditional insurance policy that gives your family a fixed amount in the event of your unfortunate demise during the policy term.

It pays an amount equal to the sum assured (life cover) chosen, upon your unfortunate demise during the policy term and it is payable to the nominee, as opted by you under the policy.

Getting a Term Insurance is an important step in your financial planning because in case of your demise during the policy term, the policy payment will financially protect your family and help them maintain their lifestyle & take care of liabilities in the form of loans etc..

A term plan will pay the policy benefits to your nominee in case of your demise during the policy term.

Meet Financial Objectives: In case of your demise during the policy term, the financial goals & objectives of your family may be put at a risk.

This insurance policy pays a pre-specified sum assured amount to your nominee or beneficiary, in the event of your unfortunate demise during the policy term.

Aviva i - Life Secure is a non-linked & non-participating term plan that ensures the family's protection, in case of your untimely demise during the policy term.

Term plans provide the nominee with the sum assured as a financial indemnification in the unfortunate event of your demise during the policy term and policy terminates thereafter.

In case of Mohit's unfortunate demise during the policy term, his family will get guaranteed Death Sum Assured of «240,000 exclusive of extra premium and service tax.

What about demise during the policy term?

Not exact matches

In term insurance, a pre-determined amount of money is paid to the nominee on demise of life assured during the policy period.

Life insurance is an agreement between the policyholder and the insurance company to provide a predetermined amount to the policyholder's dependants in case of the holder's demise during the term of the policy.

Life Insurance is an agreement between an insurance company and a policyholder, under which the insurer guarantees to pay an assured some of the money to the nominated beneficiary in the unfortunate event of the policyholder's demise during the term of the policy.

In the event of the demise of a parent during the term of a child insurance policy, the insurance company provides a premium waiver.

There are provisions to change the nominee during the policy term because the nominee is only required in case of demise of the insured.

A pure term life insurance product which gives your beneficiaries a fixed payout on the event of your untimely demise any time during the policy term.

In case of your unfortunate demise any time during the Policy Term, the Death Sum Assured will be payable to your nominee as under:

The nominee receives the sum assured in the case of an untimely demise of an insured during the policy term.

Scenario II — In case of unfortunate demise of Nikhil at the end of the 8th policy year (during the premium payment term):

SBI will pay the Sum Assured to the nominee in the event of the untimely demise of the insured during the policy term.

In the event of an unfortunate demise of the Life Assured during the Policy Term, the Death Sum Assured is paid to the nominee.

A term plan pays the promised money in case of the policyholder's demise, any time during the entire policy term.

In case of demise of the Life Assured during the Policy Term, while the policy is in force, the nominee receives the highPolicy Term, while the policy is in force, the nominee receives the highpolicy is in force, the nominee receives the higher of:

Term life insurance is insurance in the purest sense, where, in the event of the Life Assured's untimely demise any time during the policy term, his beneficiary receives the full amount of the Life Assured either in the form of a lumpsum amount or as regular payoTerm life insurance is insurance in the purest sense, where, in the event of the Life Assured's untimely demise any time during the policy term, his beneficiary receives the full amount of the Life Assured either in the form of a lumpsum amount or as regular payoterm, his beneficiary receives the full amount of the Life Assured either in the form of a lumpsum amount or as regular payouts.

On the other hand, a term plan will pay you the promised money in case of my demise, anytime during the entire policy term.

In case of unfortunate demise of Life Assured, during the Policy Term, the nominee shall receive Death Sum Assured, The Death Sum Assured shall be highest of the following:

In case of an unfortunate demise of the Life Assured during the Policy Term, provided all due premiums have been paid till the date of death, the benefit payable to the nominee is the higher of:

The sum assured is given to the nominee in case of an untimely demise of an insured during the policy term.

In the case of an unforeseen event of the demise of the insured, this scheme offers financial security for the loved ones not only during the term of the policy but also ahead of the term of the policy term all through the Extended Cover Period.

New Money Back Plan — 25 years by LIC is a non-linked, participating policy that offers an appealing combo of savings and protection against the demise of the insured during the term of the policy together with the cyclic payments on the survival of the insured at particular throughout the term.

This combo offers financial protection aligned with demise during the term of the policy with the proviso of payment of lump sum at the end of the term of chosen policy in the case of survival of the policyholder.

In case of demise of the policyholder during the term of the policy, then the death benefit which is equal to the summation of «Sum Assured on Death», Simple Reversionary Bonuses, and Final Additional bonus (if any) will be given to the beneficiary.

This scheme caters to annual survival advantages from the end of the payment term of premium until maturity and payment of lump sum at the maturity time or on the demise of the policyholder during the term of the policy.

In case of unfortunate demise of the policyholder during the term of the policy then the nominee receives the Sum assured and any Loyalty Additions.

Death Benefit In case of unfortunate demise of the Life Assured during the policy term, provided the policy is in - force as on the date of death, the nominee shall receive the following benefits:

As the name suggests, there is a term attached to the policy, during which, if you were to meet an untimely demise, your beneficiary would receive the complete Sum Assured.

Scenario B: Mukesh dies during the Term of the Policy In the event of the demise of Mukesh during the policy term, Entire Sum Assured plus accrued Guaranteed Additions are payable to the nomiTerm of the Policy In the event of the demise of Mukesh during the policy term, Entire Sum Assured plus accrued Guaranteed Additions are payable to the noPolicy In the event of the demise of Mukesh during the policy term, Entire Sum Assured plus accrued Guaranteed Additions are payable to the nopolicy term, Entire Sum Assured plus accrued Guaranteed Additions are payable to the nomiterm, Entire Sum Assured plus accrued Guaranteed Additions are payable to the nominee.

o Pure Protection Option: In case of unfortunate demise of the life insured during the policy term, the death benefit (as applicable to the policy) is payable to the nominee.

Life insurance plans provide a financial assistance and in the event of your unfortunate demise during the term of the policy, an amount equal to sum assured is payable to the family.

In the event of demise of the life insured during the policy term, the death benefit will be paid to the nominee.

In case of unfortunate demise of the life insured during the policy term, the sum assured is paid to the nominee.

In case of an unfortunate demise of the life Insured during the policy term, Sum Assured on death is payable to the nominee along with a vested Compound Reversionary Bonus and Terminal Bonus (if any) provided the policy is in force.

Scenario II: Rohtash dies during the Term of the Policy On the unfortunate demise of the life insured, the sum of total premiums paid (compounded monthly at 1 % p.a interest), accrued guaranteed additions and accrued bonuses are payable.

In case demise of the life insured during the policy term, the death benefit is payable to the nominee as a lump sum amount.