Sentences with phrase «during the policy tenure»

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

One can perform the process of changing the nominee any number of times during the policy tenure.

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

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

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

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

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

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

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.

Top - up is a one - time lump sum investment provision for you as an investor which can be used during your 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.

A traditional money back policy returns money during the policy tenure.

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

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.

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

This is valid only during the policy tenure and if it takes place whilst you were travelling abroad.

Your insurance policy allows for a No - Claim Bonus discount if you have had claim - free years 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.

Regular payouts during the policy tenure to help take care of immediate as well as long term needs.

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

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

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

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.

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

In the event of death of the life insured during the policy tenure, sum assured on death plus accrued guaranteed additions are payable to the nominee.

In case you die during the policy tenure, your insurer will invest on your behalf and all your future premiums will be waived off.

All the bonus amounts acknowledged at the end of the premium payment term will be paid out at the end of the policy term or on the policyholder's death during the policy tenure.

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

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

In the unfortunate event of death of the policyholder during the policy tenure, a child insurance plan must continue and not lapse.

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

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

Money back policy gives you money during the policy tenure.

If the policyholder passes away during the policy tenure, death benefit equivalent to the sum assured is paid to the nominee / beneficiary

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.

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

a person name «X» got term insurance rs. 20lakh during policy tenure if he robbed & killed by thief, then will nominee get sum assured 25lak?

Term insurance covers the risk of dying and pays a lump sum to the family of the insured person if he dies during the policy tenure which typically will be till the age of 65 or maximum of 70 years.

Fixed premium — No matter what length you take the plan for, your premium will be fixed throughout, and so you don't have to appear for medical tests, etc during the policy tenure and have the premium increased.

So, if the insured gets diagnosed with a critical illness during the policy tenure, he / she becomes entitled to get a fixed lump sum, as mentioned in the policy.

Irrespective of the claims taken during policy tenure, No Claim Bonus discount remains protected during entire policy tenure.

Survival Benefits are the policy benefits that the life assured receives 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.

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

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.

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?