Sentences with phrase «dies during the tenure of the plan»

If the insured dies during the tenure of the plan, the Guaranteed Death Benefit along with the accrued Paid - up Additions and any Terminal Bonus is paid to the nominee

The plans promise considerable benefits if the policyholder dies during the tenure of the plan.

The rider states that if the parent who is the policyholder and life insured under the plan dies during the tenure of the plan, all future premiums payable under the plan will be waived and paid for by the company.

In case if you die during the tenure of your plan, the nominee as per stated in the documents of the policy will be able to receive tax - free cash payouts of a predetermined amount.

The payment is made in lump - sum amount if the insured person dies during the tenure of the plan.

In case of these plans, if the life insured does not die during the tenure of the plan, the life insurance company either gives back just the premium or gives back the premium with additional investment returns.

Not exact matches

Availed with the LIC online term plan, the rider promises double the amount of the Sum Assured paid to the nominee in case the policyholder dies during the chosen tenure of this LIC term plan.

However, if the insured dies during the plan tenure, the full Sum Assured is paid irrespective of the Survival Benefits already paid.

A term plan pays a benefit only if the insured dies during the tenure of the policy.

Max Life Partner Care rider can be availed under the plan wherein the aggregate of all future premiums payable till the end of the term or till the insured attains 60 years of age is payable immediately if the insured dies during the tenure of then plan.

Term insurance is the simplest form of life insurance plan that offers comprehensive life coverage over a period of time and in case the insured person dies during the tenure of the policy, the guaranteed death benefit is payable to the nominee of the policy.

Buy a plan which waives off the premium for the remaining policy term if the policyholder dies during the tenure of the policy.