Sentences with phrase «during the policy tenure if»

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

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

Not exact matches

Death Benefit - In case of uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus if any.

if «X» included his wife in term insurance (eg.bajaj allianz offering inclusion of wife) then wife of «X» died during pregnancy due to some jaundice or any other disease (in policy tenure of his husband), will «X» get sum assured amount?

if «X» included his wife in joint life term insurance (eg.bajaj allianz offering inclusion of wife) then wife of «X» died during pregnancy due to some jaundice or any other disease (in policy tenure of his husband), will «X» get sum assured amount?

These term plans are called level term plans in industry parlance as the nominees receive the same level of death benefit if the worst comes to pass during the tenure of the term policy.

Furthermore, the insured receives back the accumulated premium, if the individual does not fall ill during the policy tenure.

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

Let's take an example, if a policyholder doesn't make a claim during the tenure of his auto insurance policy, he becomes eligible for No Claim Bonus, on the basis of which, a certain rebate is offered on the payable premium.

In this scenario, if the proposer dies during the tenure of the policy, there is no need to pay further premiums and the child will get all the benefits upon maturity of the policy.

Generally, premium payments of a policy remain the same during the tenure of the policy if things are unchanged with the policyholder.

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.

If the insured person dies during the tenure of the policy, then the death benefit is paid to the nominee of the policy i.e. the child as the sum assured amount, which is 105 % of the total premium paid till demise.

If the insured dies or suffers permanent disability, during the tenure of the policy, the beneficiaries will receive benefits to make up for loss of income or unpaid debts left behind.

If during policy tenure, investor passes away, nominee receives Rs. 5.75 Lakh.

If the policyholder survives the entire policy tenure, then on policy maturity, all the premiums paid during the policy tenure will be returned to the policyholder

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

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

Some insurers do not allow renewal of the policy if any claim is made 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 insurance company also reserves the authority to cancel no - claim bonus if you've earned any during the policy tenure.

So, events happened during the retro - active period could be claimed if the claim is made during the tenure of the insurance policy.

However, if he happens to die during the tenure of the policy, his nominees will receives the corresponding sum assured and the policy terminates.

If the life insured dies during the tenure of the policy, then the nominated person receives the death benefit and this policy terminates

In case of the insured party passing away during the tenure of the policy, the sum that will be paid to the nominees will be the sum assured and the bonus if any.

If the policy tenure has not exceeded 1 year and the policyholder commits suicide during this time, only 80 % of premiums paid are refunded to the nominee.

If the insured person dies during the tenure of the policy, the lump sum benefit will be passed on to the beneficiary.

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

Also, any financial loss due to a false advice, the negligence, or the faulty analyses will only be covered if those mistakes were made during the tenure of the insurance policy.

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.

Anytime during the entire tenure of the policy if the insured wants to change its financial priorities then the plan provides an option of unlimited free switches under which then he / she can change their financial plan with a facility of unlimited free switching.

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

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

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

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:

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

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?

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.

If a policyholder of the Amulya Jeevan II Plan meets with death during the tenure of the policy, then it may apply to the beneficiaries or nominees of the policyholder the sum assured by the policyholder.

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.

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

During the tenure of the plan, if the life insured is diagnosed with any of the above critical illness, then the premium for the remaining policy tenure is waived off.

This benefit will continue even if the Life Insured attains 18 years of age during the tenure of the policy.

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.

if «X» included his wife in joint life term insurance (eg.bajaj allianz offering inclusion of wife) then wife of «X» died during pregnancy due to some jaundice or any other disease (in policy tenure of his husband), will «X» get sum assured amount?

If you are not happy with the policy during the tenure of the plan, you can surrender this insurance plan and below would be paid:

I have concluded that I should go with Aviva i - Life plan but still confused if something happens to me during the tenure of the policy, will Aviva people provide the Sum Assured to my family or not.