Sentences with phrase «during the tenure of the policy»

Step 6 — If the life insured dies during the tenure of the policy, a lump sum death benefit is paid.

In case of demise of the life insured during the tenure of the policy, when the disabled person is alive.

This bonus is generally dependent on the performance of the insurance company and based on the loyalty shown by the customer by paying all premium on time during the tenure of the policy.

Q 1: Does the amount of my premium changes during the tenure of the policy after purchasing the plan?

In the event of accidental death during the tenure of the policy the company will pay reduced accidental death benefit.

The insurance company offers a premium waiver during the tenure of the policy of a child plan if the insured passes away.

Unit linked policy holders are given features like top up facilities along with an option of switching funds during the tenure of the policy.

The plan offers a minimum return guarantee of 101 % of all premiums paid in addition to any bonus that are declared during the tenure of a policy.

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

Such cash value credited to an individual account during the tenure of the policy keeps growing with every payment of premium.

The monthly income from these plans may start during the tenure of the policy payment period or after when the premium payment period ends.

The investor receives a two - way benefit — an insurance cover during the tenure of the policy and an investment return on his money.

The combination of saving cum protection provides financial cushion to the family of the deceased insurance holder during the tenure of the policy.

Policy Surrender: On surrender of policy, no surrender value is paid as the policy does not acquire any surrender value during the tenure of the policy.

Also, there may be hospital - related costs during the tenure of the policy.

Also, the regulator banned partial withdrawal during the tenure of the policy to encourage long - term savings and accumulation.

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

The nominees of the policy can claim death benefits from the insurer in the event of death of the insured during the tenure of the policy.

Yes the beneficiary can be changed during the tenure of the policy.

Death Benefit - In case of unfortunate death of the policyholder during the tenure of the policy, the beneficiary of the policy receives the death benefit as the sum assured amount, which is 105 % of the total premium paid till demise.

It offers periodical payment of partial survival benefits during the tenure of the policy as long as the policyholder is alive.

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.

Survival Benefit - During the tenure of the policy survival benefit is paid to the insured in instalments as fixed percentage of basic sum assured amount.

In these policies, policyholders get a certain amount of money as payback at regular intervals during the tenure of the policy.

Unlike traditional endowment plans where survival benefits are payable only at the end of the endowment period, a money back plan offers periodic payments of partial survival benefits during the tenure of the policy as long as the policyholder is alive.

Secondly, the plan offers an assured premium return, which means total premiums paid during the tenure of the policy are paid back to the policyholder.

This hospital daily cash benefit will be paid once by the insurance company during the tenure of your policy, and can be used for certain number of days as mentioned in your health insurance plan.

One may start with a lower premium ULIP and top it up anytime during the tenure of the policy.

It means that the professional indemnity insurance policy will only cover the claims that are made during the tenure of the policy.

It has assured benefits which are payable during the tenure of the policy and provides insurance cover to the proposer.

Along with the death benefit offered to group members during the tenure of the policy, the plan also offers many more additional benefits like:

If the policyholder happens to meet with death at any time during the tenure of the policy when the policy is in force, then the company pays the beneficiaries of the policyholder the sum assured on death amount as well as the applicable bonuses which can be simple reversionary or additional type of bonuses.

If a policyholder who has opted for the accident benefit rider option happens to die during the tenure of the policy due to accident then his / her beneficiary will be paid the accident benefit sum assured amount as well as sum assured on death amount.

Thereafter, charges will be reduced further during the tenure of the policy.

The critical illness rider pays a lumpsum amount (provided the disease is covered) for treatment when a critical illness is diagnosed during the tenure of the policy.

Robert becomes disabled during the tenure of the policy for 5 months and dies thereafter.

Scenario II: In the event of death of Mr. Rao during the tenure of the policy, the policy pays Rs 10 Lacs with applicable bonuses to his family.

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

In the event of an accidental death of Ramesh during the tenure of the policy, his wife (nominee) is eligible for the base sum assured of Rs 5 Lacs plus an additional sum assured of Rs 5 Lacs is payable as accidental death benefit as per the policy terms and conditions.The policy terminates thereafter.

Death Benefit: In case of sudden demise of the policyholder during the tenure of the policy, the Sum Assured at the time of Death along with the acquired Bonuses are paid to the person nominated by the policyholder.

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 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.

Death Benefit - in the case of sudden and unfortunate demise of the insured person during the tenure of the policy the sum assured amount or higher of fund value is payable to the beneficiary of the policy with a minimum of 105 % of total premium paid till the date of information of death.

Money Back Insurance Plans is basically a variant of the Endowment Plans where a part of sum assured is paid at regular intervals during the tenure of the policy.

A life insurance plan is not just a plain instrument that offers replacement for the loss of income, but it is also an investment instrument that offers significant returns on the amount of premium paid during the tenure of the policy.

Lot of people get lured by returns promised by insurance companies during the tenure of the policy or on maturity, to go for return of premium policies or money back policies or endowment policies or whole life policies.

These premiums make for a huge corpus that is paid to your nominee in the form of death benefit in case you pass away during the tenure of the policy.