Sentences with phrase «during policy tenure»

They pay back the premiums paid during the policy tenure if you survive the policy term selected.

The premiums paid during the policy tenure (except for the service tax, rider premium or any extra premium, if charged) will be returned back as maturity benefit in case you survive the policy term and the policy is premium paying.

On the demise of the life insured during the policy tenure, the sum assured as a single lump sum is paid to the nominee.

In the event of death of the life insured during the policy tenure, the nominee will receive Sum assured on death plus Accrued Reversionary Bonuses plus Terminal Bonus.

Term insurance is pure life cover where you pay a fixed premium during the policy tenure.

Certain plans will waive off the entire premium to be paid during the policy tenure if the insured person passes away.

The plan provides Coverage for the entire policy tenure, i.e. in case the Life Assured dies anytime during the policy tenure, the Death Benefit is paid to the nominee and the policy terminates.

The main feature of LIC's New plan — Jeevan Umang is it provides annual Survival Benefits from the end of the PPT (Premium Paying Term) till policy maturity and also pays lump sum amount at the time of maturity (or) on death of the policyholder (during the policy tenure).

On the death of the parent during the policy tenure the sum assured is paid by the insurance company.

Such plans enable your family members to repay the remaining debt amount in case of your untimely death during the policy tenure.

Death Benefit: In case of death during policy tenure, 10 % of sum assured will be paid to family till maturity period.

In case death during the policy tenure due to accident he / she may get some additional benefit as agreed upon during the policy subscription.

1) If this amount is claimed for relevant reasons during the policy tenure, will the final sum assured get reduced accordingly when a death benefit claim comes up?

If the policy tenure is 20 years, you can invest any time in between during the policy tenure.

Partial withdrawal facility can help safeguard the child's financial future by not impacting the long term financial plan with its partial liquidity options during the policy tenure.

If the policyholder survives the policy tenure, then no maturity or survival benefit is payable at any time during the policy tenure or after the culmination of the policy.

If any of the life partners passes away during the policy tenure, this is how a term insurance company will pay the benefit to the nominee / surviving partner:

Top - up is a one - time lump sum investment you can use during your policy tenure.

If the there's an unfortunate demise of the policyholder during the policy tenure, his nominee receives the entire sum assured.

And that she, as a nominee will receive the sum assured (death benefit), in case of him passing away during the policy tenure.

Death Benefit: In case of your death during the policy tenure, your family will get the pension amount as per the annuity selected.

Child plans offer the benefit of waiver of premium, doing away with the premium obligation if the policyholder parent expires during policy tenure.

If you wish to surrender your policy during the policy tenure, you remain at a loss!

During policy tenure in case you are diagnosed with any terminal illness, company will pay you a lump - sum amount equal to 25 % of sum assured.

It will be in use when the policyholder dies during the policy tenure, for which it is designed.

Flexibility to increase / decrease sum assured during the policy tenure Fund value is payable on maturity.

This means that you can claim multiple times during the policy tenure, provided the illnesses belong to different groups of illnesses.

This cover enables the customer to protect his NCB incase of single claim during the policy tenure with extra conditions like only repair, or only glass damage.

A premium waiver benefit offers such an offering where the insurer pays for the premium costs if the policyholder expires during policy tenure and also pays out a death cover as a lump sum amount to the child on maturity.

Saina Nehwal then goes on to explain the features of the product where you get the full amount of the policy on diagnosis of the illness up to three times during the policy tenure.

Child insurance plans offer periodic payouts that help the children with their education needs even during the policy tenure.

If the maturity amount is more than five times the premium paid during policy tenure, the sum assured gets exempted from Income Tax deduction.

It assures to return all premiums paid incase no claim is made during the policy tenure and upon survival, as stated in the official statement released by the insurer.

By buying annual multi-trip insurance, you can enjoy travel outside India, for N numbers of time during the policy tenure for 1 year.

However, it is possible to register a nominee at any time during the policy tenure.

They might cover the claims made during the policy tenure but the event or incident that caused the significant financial loss happened before the period.

During the policy tenure she diagnosed with Malaria and due to her severe condition, she was hospitalised.

By opting for a long term insurance period, insured is protected against the possible rise in premium rates during the policy tenure.

In case of demise of the pensioner during the policy tenure of 10 years, the purchase price of the policy is refunded to the nominee of the policy.

Hence, there's no question of making another claim during that policy tenure.

On death or terminal illness of the insured during the policy tenure, the Sum Assured is given in equated monthly instalments for such time which will be equal to the term of the plan chosen.

Money back policies are the most expensive insurance options offered by insurance companies as they offer returns to the insured during the policy tenure.

This back - date policy will reduce the premium liability for the insured during the policy tenure.

The insurance company also reserves the authority to cancel no - claim bonus if you've earned any during the policy tenure.

If more than one person is covered under a single critical illness policy, each member qualifies to get cover once during the policy tenure.

The insured can make a lump sum investment into his fund any time during the policy tenure except the last 5 years with the plan.

Some insurers do not allow renewal of the policy if any claim is made during the policy tenure.

The number of times you can claim during the policy tenure is 3.

In case of death during policy tenure, the insurer will give a death benefit.

What happens to my premium amount if my insurer goes bankrupt or shutdown in any upcoming recession during my policy tenure.