Sentences with phrase «dies during the policy term»

So, if you died during the policy term or had a sudden expense come up, it would not be available.

If you don't die during the policy term, your beneficiary would receive nothing, and your coverage simply ends.

If you buy a term life insurance plan and die during the policy term, then your beneficiary will be paid your benefit payment.

If you die during the policy term your insurer will pay the calculated amount of cover at that time.

If you die during the policy term your insurer will pay the amount you are covered for.

If you die during your policy term and your plan is in force, your beneficiaries will receive your death benefit, which can go towards helping pay for college tuition and other expenses.

If you die during the policy term, the policy pays out the predetermined sum of money (or death benefit) to your named beneficiary (ies) as long as you continued to pay your premiums on time.

If the policyholder dies during the policy term, the death benefit, a tax - free lump sum of money, is paid out to named beneficiaries.

In simple terms life insurance pays out a lump sum amount to the nominee in - case the insured dies during the policy term.

Note: The policy also offers the death benefit in terms of a sum assured to the nominee, in case the policyholder dies during the policy term.

We're talking nitty - gritty here, but what an insurer is really doing when setting your premiums (known formally as underwriting) is assessing how likely you are to die during the policy term.

If the policyholder dies during the policy term, LIC is liable to pay all the benefits along with the sum assured to the nominee.

, which pays out only if you die during the policy term, permanent life insurance policies — sometimes called

If you buy a term life insurance plan and die during the policy term, then your beneficiary will be paid your benefit payment.

But among the types of life insurance, one breaks out of that conventional wisdom: Return - of - premium life insurance promises to refund the money you paid if you don't die during the policy term.

If the policy holder dies during the policy term, the nominee of the policy holder gets Sum Assured.

Term insurance plans will provide financial support to the beneficiary's family if the insured dies during the policy term.

However, if the insured person dies during the policy term, the full death benefit will be provided to the beneficiaries.

If the insured dies during the policy term, then the death benefits are paid to the nominee.

Endowment Plan Basic features: Sum assured paid to family if policy holder dies during the policy term, or if policy holder survives the entire policy term.

Death benefit is paid to the nominee if the policy holder dies during the policy term.

The family of a diseased policyholder is provided with the assured financial security, in case the insured dies during the policy term and fails to pay off a debt like education loan or even home loan.

Also, the entire sum assured for the disease (heart or cancer) is paid to the nominee, in case the policyholder dies during the policy term.

If the proposer dies during the policy term, insurer will ask for a new proposer who is carefully reassessed before renewing the policy under his name.

Such policies also provide life coverage, in case the policyholder dies during the policy term.

The nominee gets the sum assured if the insured person dies during the policy term.

If the policyholder dies during the policy term, the nominee shall be paid death benefit that will be higher of sum assured or the fund value at that time.

If the policyholder die during the policy term, the nominee shall be paid death benefits.

Classic: Under this option, if the insured dies during the policy term, the insured shall be paid basic death benefit plus accrued guaranteed additions plus accrued bonuses, if any

Death benefits: If the policyholder dies during the policy term, the policy will pay the death benefits under the following three options:

Life Option: This is an online term plan option under Click 2 Protect 3D Plus, wherein if the life assured dies during the policy term or he / she is diagnosed with any of the mentioned Terminal Illness, the nominee receives the death benefit.

Save Benefit: In case the insured dies during the policy term, the sum assured shall be paid to the beneficiary (child) and all the future premiums shall be paid by the company.

So, if you died during the policy term or had a sudden expense come up, it would not be available.

If the policyholder dies during the policy term, the Life Insured or the guardian of the Life Insured has to take responsibility for the premium payment.

In case the policyholder dies during the policy term, the death benefits are paid to the nominees which include full sum assured amount and additional vested bonus

If the insured dies during the policy term, the death benefit is, usually, paid to the family for dealing with the financial loss.

Life Option: In this option, if the policyholder dies during the policy term, the nominee shall be paid the death benefit

The nominee shall be paid death benefit in the form of a lumpsum amount if policyholder dies during the policy term

Life Cover: If the policyholder dies during the policy term, the death benefits shall be paid to the nominee as a lump sum amount and future premium will be paid off and shall be paid by the company itself.

If the insured dies during the policy term, the sum assured under classic option along with the additional life cover will be paid to the nominee.

In case the policyholder dies during the policy term, the nominee shall receive sum assured and fund value of the policy

If the policyholder dies during the policy term, sum assured shall be paid as a lumpsum amount or in the form of a regular income, as chosen

Pure Protection Option: This ensures that the nominee receives sum assured at the time of death of the policyholder, if he dies during the policy term

The Term insurance plan offers only a death benefit wherein if the insured dies during the policy term, the insurance company pays the sum assured or the life cover to the designated nominee / nominees.

If you die during your policy term and you have been paying your premiums, the named beneficiaries on your policy will receive a payout.

If Mr. Raman dies during the policy term, his nominees will get Rs 5 Lacs or 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.

Accidental Death Benefit — In case if a policy holder meets an accident and dies during the policy term, this rider will pay additional amount for your term plan.

It offers a death benefit in the form of the sum assured if the insured dies during the policy term and offers maturity benefit in the form of fund value if the insured survives the policy term.

In case the insured dies during the policy term, the nominee is liable to get the death benefit.

If he dies during the policy term, the principal amount which is the sum assured under the policy agreed is disbursed to his / her family.