Sentences with phrase «during the term of the plan»

Step 3 — if the life insured dies during the term of the plan, the death benefit is paid to the nominee in lump sum.

It pays a benefit only in case of death of the insured during the term of the plan.

Such a policy provides income to your family in case of an unfortunate event of death during the term of the plan.

A sum assured amount is paid to the children in the case of unfortunate demise of insurer during the term of the plan.

The riders can be attached either at plan commencement or any time during the term of the plan.

An adjustable life insurance gives the option of changing the plan's specifications during the term of a plan.

Second, a regular premium plan gives you the flexibility to discontinue the plan during the term of the plan.

If you, as the life insured, suffer from any of the covered critical illness during the term of the plan, you get the benefit.

This works as a term insurance plan, where a lump sum assured against life cover is paid to the family members, if the policyholder dies during the term of the plan.

Term plans are simple insurance plans which promise to pay the sum assured in case of death during the term of the plan.

Death Benefits: On death of life assured during the term of the plan, the nominee or assignee, in case where the policy has been assigned to someone else, will receive the total / assigned death benefit chosen at the time of commencement.

Money back policy: This policy repays survival benefits periodically during the term of the plan.

If Mohan dies anytime during the term of the plan, the available Sum Assured (post reduction) would be paid.

Technically, term plans can be described as a contract between the person insured and the insurance company wherein the company agrees to payout the lump - sum amount, referred to as the Sum Assured if the policy holder expires during the term of the plan.

In case of your death, your partner will receive a lump sum sum assured that he / she can utilize to fulfill several financial obligations and in case of second partner during the term of the plan, the sum assured is again payable.

A term insurance plan is the purest form of life insurance that provide the life cover during the term of the plan.

Money back plans are a type of endowment plans where the sum assured is paid in instalments during the term of the plan.

Under this Max Life term plan, in case of death of the life insured during the term of the plan, the Sum Assured is immediately paid to the nominee.

Death Benefits: If the policyholder dies during the term of the plan, the following death benefits shall be payable to the nominee:

On death during the term of plan, the Sum Assured applicable in the year of death is paid to the nominee.

The returns of the policy can be earned on a compounding basis, that is to say, you can earn the returns during the term of the plan

In some circumstances, the lump sum paid out may not be enough to pay off your repayment mortgage in full, for example if your mortgage interest rate averages over 10 % during the term of the plan.

Term life insurance is one of the simplest and cheapest types of life insurance that you can buy and is designed to pay out a lump sum if you die during the term of the plan.

In case of death of the insured during the term of the plan, the Sum Assured is paid subject to a minimum of 105 % of the total premiums paid till death

On death of the insured during the term of the plan, higher of 10 times the annual premium or the Sum Assured including the vested bonuses is paid 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 term of the plan, the guaranteed payouts of 150 % of the premium will be paid as and when they fall due while the future premiums are waived off.

A life insurance policy is designed to pay out a cash lump sum if the person (s) insured dies during the term of the plan; this will guarantee that the beneficiaries will not be faced with financial difficulties even though they now face a loss of income.

On death of the insured during the term of the plan, higher of the Sum Assured or 10 times the annual premium is paid along with vested reversionary bonuses and terminal bonus, if any subject to a minimum of 105 % of all premiums paid till death

In case of death of the insured during the term of the plan, higher of 10 or 1.25 / 1.10 (in case of Single premium) times the premium paid or the Sum Assured is paid to the nominee.

During the term of the plan the insured receives fixed amount of the sum assured on regular intervals, these amount are tax exempted.

If the plan buyer dies during the term of the plan, then the rider sum assured is paid to the nominee.

Option 1 — if Ram dies during the term of the plan, 15 % of the Sum Assured is paid in lump sum to the nominee.

Under the single life option of the plan, the Sum Assured is paid to the nominee in case of death of the policyholder during the term of the plan

The term plans by LIC assure substantial advantages in case of the demise of the policyholder during the term of the plan.

If the life insured survives till the end of the policy tenure and the plan comes to an end, all the premiums paid by the policyholder during the term of the plan are returned back to the policyholder.

Under Option A which is Life Protection, the nominee gets the Sum Assured in case of pre-mature death of the insured during the term of the plan.

In case of death of the life insured during the term of the plan, the calculated Sum Assured will be paid to the nominee

Death Benefit: In a situation where policyholder dies during the term of the plan, the nominee shall be paid the higher of sum assured or fund value or 105 % of all premiums paid till the date of the death

A pre-specified amount is paid if the policyholder dies during the term of the plan, called the «Sum assured» A term insurance plan differs from a traditional Life Insurance Policy in the way that no Maturity Benefit is provided if the policyholder outlives the term of the policy.

Step 5 — in case of death during the term of the plan, the guaranteed death benefit, accrued paid - up additions, if any and vested bonuses are paid.

If he dies during the term of the plan, Rs. 75 lakhs would be paid as death benefit.

The plan would pay Rs. 50 lakhs if A dies during the term of the plan.

Lump sum with Conversion Option — under this option, a lump sum benefit is paid in case the life insured dies during the term of the plan.

In case the policyholder dies during the term of the plan, the policy continues, the nominee / beneficiary doesn't have to pay any further premiums and at the time of maturity, the sum assured and other benefits as promised in the insurance policy are paid to the child.

Unlike other investment schemes, life insurance plans provide Death Benefit i.e. the company pays for the maintenance of the child in case the investor dies during the Term of the plan.

Life Cover: If the policyholder dies during the term of the plan, the sum assured shall be paid to the nominee and death pay - out shall be paid as per pre-decided option.

Life Cover: If the policyholder dies during the term of the plan, the nominee shall be paid the sum assured on a lumpsum basis at one go

If the policyholder dies during the term of the plan, the nominee is paid a lumpsum amount as death benefit and the future premiums are waived off.