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

A life insurance policy is designed to pay out a cash lump sum if the person (s) insured dies during the term of the plan; this will guarantee that the beneficiaries will not be faced with financial difficulties even though they now face a loss of income.

Step 3 — if the life insured dies during the term of the plan, the death benefit is paid to the nominee in lump sum.

If the plan buyer dies during the term of the plan, then the rider sum assured is paid to the nominee.

Option 1 — if Ram dies during the term of the plan, 15 % of the Sum Assured is paid in lump sum to the nominee.

Death Benefit: In a situation where policyholder dies during the term of the plan, the nominee shall be paid the higher of sum assured or fund value or 105 % of all premiums paid till the date of the death

A pre-specified amount is paid if the policyholder dies during the term of the plan, called the «Sum assured» A term insurance plan differs from a traditional Life Insurance Policy in the way that no Maturity Benefit is provided if the policyholder outlives the term of the policy.

The plan would pay Rs. 50 lakhs if A dies during the term of the plan.

In case the policyholder dies during the term of the plan, the policy continues, the nominee / beneficiary doesn't have to pay any further premiums and at the time of maturity, the sum assured and other benefits as promised in the insurance policy are paid to the child.

Life Cover: If the policyholder dies during the term of the plan, the sum assured shall be paid to the nominee and death pay - out shall be paid as per pre-decided option.

Life Cover: If the policyholder dies during the term of the plan, the nominee shall be paid the sum assured on a lumpsum basis at one go

Term insurance will pay out the return premium senior life insurance agreements only if you die during the term of the plan.

Not exact matches

These plans offer protection for a specific period of time and the benefits are only available if the policyholder dies during the term.

A pure risk plan which provides benefits only if the insured dies during the chosen term of the plan.

If the life insured dies during the term of this LIC online term plan chosen by him at the starting of the plan, the death benefit is paid which is equal to the Sum Assured chosen by the policyholder at the time of inception of the policy

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.

The rider benefit promises to pay an extra amount which is the rider Sum Assured in case the insured dies during the term of the LIC term plan.

The Max Life term plan has an inbuilt Accidental Death Benefit Rider which states that if the insured dies due to accident during the term of this Max Life term plan, an additional death benefit will be paid to the nominee.

Especially when it is a pure protection plan like TERM INSURANCE offering higher sum assured at a nominal cost and where the insurance company has to pay a death benefit in case of insured dies during the term of a polTERM INSURANCE offering higher sum assured at a nominal cost and where the insurance company has to pay a death benefit in case of insured dies during the term of a polterm of a policy.

If Mohan dies anytime during the term of the plan, the available Sum Assured (post reduction) would be 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.

Option 1 — if Krishna dies during the plan term, higher of the guaranteed maturity Sum Assured or 11 times the annual premium or 105 % of premiums paid is paid as guaranteed death benefit.

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.

The plan has been well customized with eligibility for bonus additions to help the fund grow and waiver of premium benefit rider to give protection for child's future if the proposer of the policy dies during payment paying term.

A variety of permanent life insurance plan (which doesn't expire, unlike term life insurance), this sort of policy covers your family if you die during your working years, but also has the ability to build savings that can be drawn upon later in life.

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

In an endowment plan, if a policyholder dies during policy term then beneficiaries will get the benefits in the form of sum assured or bonuses.

These plans offer protection for a specific period of time and the benefits are only available if the policyholder dies during the term.

But if Sagar dies during the policy term, his beneficiaries will get the sum assured (the amount of which varies from plan to plan) beside additional sum assured and accrued bonus.