Step 3 — if the insured
dies during the plan tenure, the death benefit is paid irrespective of the Guaranteed Cash Benefits already paid.
Term Cover: It refers to the tenure of a term insurance plan wherein the sum assured is only paid to the nominees if the policy holder passes
away during the plan tenure.
Yes, HDFC Life Critical Illness Plus Rider is available under the plan which covers 19 critical illnesses and pays an additional Sum Assured if the policyholder is diagnosed with any of the covered
illnesses during the plan tenure.
If the policyholder commits suicide
anytime during the plan tenure, the available single premium Fund Value and any top - up premium Fund Value would be paid to the nominee.
Critical Illness Rider — this rider pays an additional sum assured if the life insured suffers from any of the listed critical illnesses covered by the
rider during the plan tenure.
Accidental death and disability benefit rider — this rider pays an additional sum assured in case of accidental death or disability
suffered during the plan tenure.
Online Term Plan is pure term (traditional non-participating) plan that pays a lumpsum amount to the family members of the life insured in the event of death of the life
insured during the plan tenure.
The plan can be taken for a basic cover or a cover with Critical Illness benefit inbuilt in the plan option which provides an additional Sum Assured in case the life insured suffers a critical
illness during the plan tenure.
Under this Kotak Life pension plan, in case of death of the insured
during the plan tenure, the benefit paid will be 105 % of all premiums paid till the date of death plus the vested reversionary bonuses and the accrued guaranteed additions
In case of death of the insured
during the plan tenure, higher of the Sum Assured including top - up Sum Assured or 105 % of all premiums paid including top - up premiums paid is paid immediately on death of the insured.
The maximum amount payable under the plan is RS 50000 / -
during the plan tenure.
In case of death of the insured
during the plan tenure, the death benefit is higher of the basic Sum Assured net of partial withdrawals or the Fund Value including loyalty additions or 105 % of all premiums paid till the date of death
In case of death of the insured
during the plan tenure, a death benefit which is higher of the minimum Sum Assured or 10 or 7 times the annual premium paid depending on the age of the policyholder is payable to the nominee subject to a minimum of 105 % of all premiums paid till the date of death
In case of death of the insured
during the plan tenure, the death benefit is higher of the basic Sum Assured including top - up Sum Assured or the Fund Value including top - up fund value or 105 % of all premiums paid till the date of death
In case of death of the insured
during the plan tenure, the death benefit payable is higher of the basic Sum Assured or the Fund Value subject to a minimum of 105 % of all premiums paid till the date of death
In case of death of the insured
during the plan tenure, the death benefit is higher of the basic Sum Assured including top - up Sum Assured net of partial withdrawals or the Fund Value including top - up fund value or 105 % of all premiums paid till the date of death
In case of death of the insured
during the plan tenure, the Sum Assured is payable which should be a minimum of 125 % or 110 % of the single premium paid depending on the age of the policyholder.
These benefits are paid
during the plan tenure and on maturity, the remaining Sum Assured is paid along with vested bonuses.
On death of the insured
during the plan tenure, higher of 10 times the annual premium paid or the chosen Sum Assured subject to a minimum of 105 % of all premiums paid till death is payable along with the vested bonuses and any Terminal Bonus.
In case of death of the insured
during the plan tenure, a benefit higher of 105 % of all premiums paid including any top - up premiums paid or aggregate premiums paid including any top - up premiums compounded @ 1 % or the available balance in the Individual Pension Account is payable to the nominee
In case of death of the insured
during the plan tenure, Guaranteed Death Benefit is payable which is higher of the Sum Assured or 10 times the annual premium subject to a minimum of 105 % of all premiums paid till the date of death.
In case of death of the insured
during the plan tenure, the death benefit is higher of the basic Sum Assured including top - up Sum Assured or the Fund Value or 105 % of all premiums paid till the date of death
In case of death of the insured
during the plan tenure, higher of the Fund Value net of partial withdrawals or the Sum Assured is paid to the nominee
On death of the insured
during the plan tenure, higher of the Guaranteed Maturity Benefit or the Sum Assured along with the Guaranteed Loyalty Additions, vested bonuses, interim bonus and any Terminal Bonus is paid
An additional Waiver of Premium Rider is available which, when taken, ensures policy continuity even if the insured suffers disability, critical illness or dies
during the plan tenure.
Reema can make partial withdrawals, switch between funds and also pay top - up premiums
during the plan tenure.
If Raghav dies
during the plan tenure, Rs. 50 lakhs would be paid immediately.
Option 4 - if Rohit suffers from any terminal illness
during the plan tenure, 25 % of the total Sum Assured which is Rs. 25 lakhs would be paid in lump sum.
Option 2 — if Mr. Sharma survives the plan term, the maturity benefit is paid which is the total premium is paid
during the plan tenure, i.e. Rs. 5 lakhs.