Sentences with phrase «demise of insurer»

A sum assured amount is paid to the children in the case of unfortunate demise of insurer during the term of the plan.

Not exact matches

The U.S. Department of Justice has forwarded to the FBI a request from Long Island Rep. Lee Zeldin for a criminal investigation into the demise of the federally backed health insurer Health Republic.

The demise of Health Republic, which enrolled nearly 20 percent of customers in the public marketplace, leaves uncertainty for consumers and insurers as the enrollment begins.

Think of the recent demise of your financial guarantee insurer as an example.

Premiums are the fixed periodic payment made to the insurance company in return of the lump sum payment offered by the insurer to the beneficiary at the time of demise of the insured person.

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 case of unfortunate demise of the policyholder, the loved ones receive a pre — defined amount of money from the insurers.

Death Benefit: On the unfortunate demise of the life insured, the insurer pays out the sum assured as the death benefit along with the accrued additional bonuses.

Repatriation Expenses - In case of sudden demise of the insured traveler, his / her body would be transported to the home country and cost of repatriation would be borne by the travel insurer.

In a life insurance policy, the policyholder nominates a person to whom the insurer must pay the policy proceeds in the event of his / her demise... read more

In case of a term plan, you pay a particular premium in exchange for which the insurer guarantees your family the full Sum Assured in the event of your untimely demise.

Though child insurance plans are varied in nature, what they all have in common is that in case of your unfortunate demise, your ward shall be paid a lump sum payment (death benefit), and the insurer continues to deposit money on your behalf in your ward's account under the» waiver of premium benefit».

Investing in a child plan can be a good idea since Child plans are self - funded investment options with the benefit of the insurer taking up the future payment options of the plan in case of the policyholder's demise.

In the unfortunate event of the policyholder's demise, the insurer pays out a lump - sum as death benefit, waives off all future premiums and continues funding the insurance policy until maturity.

In case of the unfortunate event of demise of the policyholder, the insurer pays a lump sum amount, which is pre-decided and known as sum insured, to the family of the policyholder.

In a term plan, you pay a particular premium in exchange for which the insurer guarantees your family the full Sum Assured in the event of your untimely demise.

Under the same, the insurer will pay an amount to the family of insured in case of his / her demise or any accident that leads to permanent disability.

The entire purpose of taking the policy gets defeated if the insurer does not settle the claim in the event of your unfortunate demise.