Sentences with phrase «demise of insured»

HDFC click 2 protect plus has more options in case of demise of insured person.

This policy provides fiscal security for the insured's family in the case of unforeseen demise of the insured any time before the policy gets matured and a lump sum at the maturity of the policy for the surviving insured.

In the event of the demise of the insured person in hospital whilst under treatment, a fixed amount is paid towards children's education fund.

HDFC Life Super Savings Plan is a regular payment plan which allows an opportunity to participate in the profits of the company by way of bonuses to enhance your policy proceeds.The plan delivers financial defense against premature demise of the insured during the policy term.

LIC's e-Term is a non-participating «Online Term Assurance Policy» providing financial protection for the family in case of unfortunate demise of the insured.

This insurance plan can help getting rid of any loan burden after the demise of the insured person like a home loan.

If you miss any of them, in case of unexpected demise of insured, nominee can not would not get sum assured.

If case of demise of insured person before policy maturity, the amount payable to the nominee is an assured sum of INR 50,000 / - under the Bhagyalakshmi policy.

The life insurance amount from the child plan can be used to meet the immediate and regular needs besides meeting future needs of the child in the event of the untimely demise of the insured parent.

The dependants of the deceased rely to a large extent on the death claim proceeds of the term insurance policy to live a financially peaceful life ahead after the unfortunate demise of the insured.

In case of the untimely demise of the insured parent, many child plans have what is a called premium waiver feature that ensures that the child plan remains in force for the remaining part of the policy term.

Policy continuance — in case of demise of the insured, future premiums are waived off, but benefits are still give

In case of demise of the insured, the sum assured will be paid to the insured's family.

Term insurance policies which are also popular by the name of death benefit policy are basically designed to offer financial support to your family in case of the demise of the insured.

The beneficiary receives the sum assured as the death benefit, in the event of the demise of the insured.

Under this option, an extra lump - sum benefit is offered to the nominee of the policy, in case of accidental demise of the insured person.

The Shield Cover is only payable in an event of the demise of the insured.

Family care benefit — with sum assured being paid in case of demise of the insured person to the nominee.

This would also cover you for any unfortunate incidents involving sudden demise of the insured person, in that case, the funeral and cremation costs would also be borne by the travel insurance company.

The money invested will fetch good returns and will be returned fully as sum assured either after the completion of the term or after the demise of the insured.

Under this option, the policy provides a lump - sum benefit as the death benefit to the beneficiary of the policy, in case of demise of the insured person.

The accidental death or / and disability rider caters an additional sum assured in case of the demise of the insured or any disability is caused by an accident.

In the case of the demise of the insured where the Shubh Nivesh plan is in its term but endowment plan has matured:

The sum that one gets on the demise of the insured (known as death benefit) helps in meeting important financial needs like funeral costs, daily living expenses and providing education funds for the children.

The plan is an endowment plan that can also be used as a long term annuity plan after the demise of the insured person.

In case of a sudden demise of the insured, the nominee will be entitled to get benefits.

In case of the demise of the insured person during the tenure of the policy, 125 % of the single premium paid or the sum assured, whichever is higher, is paid to the beneficiary of the policy, under single premium mode option.

So, it is not solely about the insured's income but also the lifestyle expenses, the family needs to maintain after the demise of the insured.

In case of the demise of the insured, there is a lump sum pay out, along with family income benefit and funding of the benefit for premium.

This policy offers fiscal security for the insured's family in the case of unforeseen demise of the insured any time prior to the policy maturity and a lump sum at the policy's maturity for the surviving insured.

Shriram New ShriVivah Plan pays out a lump sum amount in case of the unfortunate demise of the insured person helping the family to reduce their debt.

HLPP usually lapse on repayment of home loan or demise of the insured.

This scheme caters to Annual Income benefit, which might help to fulfil the requirements of the insured's family, mainly for the children's benefits, in the case of unforeseen demise of the insured any time before the policy gets insured and a lump sum at the time of policy's maturity heedless of the policyholder's survival.

Under Pradhan Mantri Suraksha Bima Yojana a death benefit of Rs. 2 lakh is available to the beneficiary of the policy in case of accidental demise of the insured person.

This scheme offers financial support for the insured's family in the case of unforeseen demise of the insured any time before the policy gets matured and a lump sum when the policy is matured for the surviving insured.

A nominee can be defined as a person who is eligible to receive the benefits out of a life insurance policy in the event of the demise of the insured during the policy period.

In case of sudden demise of the insured parent, the death benefit payable is higher of 10 times the annual premium or 105 % of all premiums paid till death or maturity Sum Assured or the absolute Sum Assured.

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.

Under this plan, a lump - sum amount is paid to the beneficiary of the policy, in case of demise of the insured person.

This scheme offers fiscal security for the insured's family in the case of unforeseen demise of the insured any time before the policy matures and a lump sum on the maturity for the surviving insured.

On the demise of the insured person, the nominee of the policy receives the sum assured on death along with vested reversionary bonus and terminal bonus, if any.

In case of accidental demise of the insured person, the accident should be reported to the police station and should be clarified by immediate hospital records.

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.

A pure term plan which provides high coverage at minimal cost to provide financial assistance to the family of the insured on demise of the insured.

Death benefits - in the case of the demise of the insured, the payment made will be higher of; chosen assured sum, or 10 times amount of annualized premiums or 105 % of all premium submitted, or maturity benefits.

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

If the demise of the insured does not occur within the maturity period, no sum is payable by the Insurance Company.

In the unfortunate event of the demise of an insured, the nominees stand to receive the sum assured as per the policy documents.

Finally, it's worth noting that the economics of a life settlement are really quite similar to that of an annuity (where the company on the other side of the transaction «profits» when the annuitant dies sooner rather than later), where again there are no institutions that issue annuities acting to hasten the demise of an insured.

The policy can continue with a reduced life cover of Rs 1 crore by paying proportionately reduced premium with life cover amount being availed by the family on demise of the insured.