Sentences with phrase «during the tenure of the plan»

So it is a simple term insurance plan that pays only in the event of death of the life insured during the tenure of the plan.

The plans promise considerable benefits if the policyholder dies during the tenure of the plan.

The plan promises multiple benefits in case of insured's death during the tenure of the plan.

There are no investment returns during the tenure of the plan or on maturity of the plan.

If nothing happens to the life insured during the tenure of the plan, the plan ends and the life insurance company gets to keep all the premiums paid.

The payment is made in lump - sum amount if the insured person dies during the tenure of the plan.

The option enables the policyholder to increase the Sum Assured during the tenure of the plan up to a maximum of Rs. 50 lakhs at important milestones of the insured's life like marriage and childbirth.

There is an inbuilt Payout Accelerator Benefit which pays 50 % of the Sum Assured immediately if the insured is diagnosed with a terminal illness during the tenure of the plan.

The policyholder can nominate a person (the beneficiary) to receive the Death Benefit in the event of the demise of the life insured or make a change in nomination at any time during the tenure of the plan, provided the plan is in force, by submitting a written request to the insurance company.

ULIPs, meanwhile, are dynamic and flexible financial instruments that can be custom - made and altered even during the tenure of the plan.

Lastly, the Critical Illness Cover Rider promises the payment of a lump sum amount if the insured is diagnosed with any of the illness covered under the scope of the rider during the tenure of the plan

On the insured's demise during the tenure of the plan, the death benefit payable will be higher of the Sum Assured or 10 times the annual premium subject to a minimum of 105 % of all premiums paid till death along with the vested reversionary bonuses and any Final Bonus

If you can mention those two - three specific points that you are talking about then I will be in a position to clarify 3) It is advisable to split the cover among 2 companies 4) You always have the option to change the nomination anytime during the tenure of the plan 5) The term plan premium is eligible for deduction from taxable income under Section 80C of the Income Tax Act.

Option 2: Extra Life Option Under Extra Life Option, in the event of death of the life insured due to an accident during the tenure of the plan, the nominee will receive the sum assured as a lumpsum payment + an additional lumpsum amount (equal to the Sum Assured).

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:

Death Benefit: In the event of the death of the life insured during the tenure of the plan, provided all due premiums have been paid, the Death Benefit is paid to the nominee.

In case of death during the tenure of the plan, the Sum Assured on death is payable which will be higher of Sum Assured or 10 times the annualized premium with a minimum of 105 % of aggregate premiums paid till demise of the insured

If the insured dies during the tenure of the plan, the Guaranteed Death Benefit along with the accrued Paid - up Additions and any Terminal Bonus is paid to the nominee

The plan has a unique feature of Family Income Benefit under which, after the death of the insured during the tenure of the plan, 10 % of the chosen Sum Assured is paid every year till the end of the plan tenure subject to a minimum of 3 payments and a maximum of 10 payments.

In case of death of the insured during the tenure of the plan, the basic Sum Assured chosen at the time of buying the plan is paid subject to a minimum of 105 % of all premiums paid till the date of death.

Under another benefit called the Funding of Future Premiums, in case of death of the insured during the tenure of the plan, the company waives off the premiums and pays it towards the plan itself.

In case of death during the tenure of the plan, the Sum Assured on death is payable which should be higher of Sum Assured or 10 times the annualized premium with a minimum of 105 % of aggregate premiums paid till death and vested bonuses

In case of death during the tenure of the plan, the Sum Assured on death is payable and it is higher of 1.75 times the Sum Assured or 10 times the yearly premium with a minimum of 105 % of aggregate premiums paid till death and the vested bonuses

In case of death of the insured during the tenure of the plan, the death benefit payable will be higher of 10 times the annual premium or 105 % of all premiums paid till death or the Maturity Sum Assured.

In case of death during the tenure of the plan, the Sum Assured on death is payable which will be higher of Sum Assured or 10 times the annualized premium with a minimum of 105 % of aggregate premiums paid till death and vested bonuses

In case of death of the insured during the tenure of the plan, the Sum Assured is paid to the nominee

In case of death during the tenure of the plan, the Sum Assured on death is payable which is higher of Sum Assured or 10 times of annualized premium to a minimum value of 105 % of aggregate premiums paid till death and vested bonuses with accrued Guaranteed Additions

In case of death of the insured during the tenure of the plan, the Death Sum Assured is paid which is higher of the Sum Assured or 10 times the annual premium paid or 105 % of total premiums paid till the date of death or the maturity Sum Assured along with the vested reversionary bonuses and any Terminal Bonus

In case of death of the insured during the tenure of the plan, the Death Benefit is paid which is higher of the Sum Assured or 10 times the annual premium paid or 105 % of total premiums paid till the date of death or the maturity Sum Assured along with vested simple bonuses and any Terminal Bonus

In case of death of the insured during the tenure of the plan, the Sum Assured is paid subject to a minimum of 105 % of all premiums paid till the date of death.

The policyholder may additionally choose the disability benefit option under which, in case of death or disability of the insured during the tenure of the plan, the aggregate of all future premiums is paid which can be availed immediately in lump sum or can be invested in the fund where it will attract market linked returns.

Under the second option, Option B, in case of death of the insured during the tenure of the plan, 30 % - 80 % of the Sum Assured can be availed by the policyholder as per his choice and 110 % of the balance amount is paid over a period of 5 years in monthly instalments.

In case of death during the tenure of the plan, the Sum Assured on death is payable which will be higher of Sum Assured or 10 times the annualized premium with a minimum of 105 % of aggregate premiums paid till death and vested bonuses with accrued Guaranteed Additions

The rider states that if the parent who is the policyholder and life insured under the plan dies during the tenure of the plan, all future premiums payable under the plan will be waived and paid for by the company.

In case of death of the insured during the tenure of the plan, the Death Benefit is paid which is higher of the Sum Assured or 10 times the annual premium paid or 105 % of total premiums paid till the date of death or the maturity Sum Assured

The Premium Payor Waiver Rider waives the future premiums when the insured dies during the tenure of the plan and the Accidental Benefit Rider with total and permanent disability benefit provides an additional lump sum amount in case the insured suffers accidental death or total and permanent disability.

These plans are called the basic form of insurance since they provide only for the death of the insured during the tenure of the plan and no maturity value.

In case of death during the tenure of the plan, the Sum Assured on death is payableand it is higher of 150 % or 130 % of basic Sum Assured or 105 % of sum of premiums which were paid untildeath or Sum Assured as on maturity

In case of death of the insured during the tenure of the plan, the death benefit will be payable which will be higher of the Sum Assured or 10/7 times the annual premium paid depending on the age of the policyholder or 105 % of all premiums paid till the date of death.

In case of death of the insured during the tenure of the plan, higher of the available Sum Assured as on the date of death or 10 times the annual premium or 105 % of all premiums paid till death is payable to the nominee

In case of death of the insured during the tenure of the plan, higher of the Guaranteed Sum Assured on death or 10 or 7 times the annual premium depending on the age of the insured is paid along with the vested bonuses subject to a minimum of 105 % of all premiums paid till the date of death.

In case of death of the insured during the tenure of the plan, higher of the chosen Sum Assured or 10 times the annual premium is paid to the nominee subject to a minimum of 105 % of all premiums paid till the date of death.

Under Option B, in case of death of the insured during the tenure of the plan, the Sum Assured and an additional Accidental Death Benefit is paid to the nominee.

In case of death of the insured during the tenure of the plan, a benefit higher of 10 times the annual premium or base Sum Assured or minimum guaranteed Maturity Sum Assured or 105 % of all premiums paid till the date of death is payable along with the vested reversionary bonuses.

If the insured dies during the tenure of the plan, a benefit which will be higher of 10 / 7 times the annual premium or 105 % of total premiums paid till the date of death or 200 % / 250 % or 300 % of the chosen Sum Assured depending on the premium paying term chosen is payable to the nominee

In case of death of the insured during the tenure of the plan, all future premiums are waived off and the plan continues.

On death of the insured during the tenure of the plan, higher of the basic Sum Assured including any top - up Sum Assured or 105 % of all premiums paid till the date of death is paid immediately to the nominee.

Under Option A, in case of death of the insured during the tenure of the plan, the Sum Assured is paid to the nominee

In case of death of the insured during the tenure of the plan, 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.

In case of death of the insured during the tenure of the plan, the Sum Assured is payable to the nominee subject to a minimum of 105 % of all premiums paid till the date of death.