Sentences with phrase «during the term of the policy»

The policy will only pay out if the life insured dies during the term of the policy.
In the event of death of the life insured during the term of the policy, the death benefit is payable depending on the option chosen.
The policyholder has the leverage to move from one unit - linked fund to another, at any point of time during the term of the policy.
It is a money back policy that provides financial protection against death during the term of the policy.
This is due to the time value of money, and because the likelihood of you pass away during the term of the policy increases.
In case of death of the life assured during the term of the policy, the death sum assured is paid immediately.
Term life only pays out the death benefit if you die occurs during the term of the policy.
This plan automatically increases the risk cover after every five years during the term of the policy.
In case of the demise of the policyholder during the term of the policy, the insurance company pays this cover amount to the policyholder's family.
It provides life coverage during the term of the policy and the maturity benefits are paid in installments by way of survival benefits in every 5 years.
Top - up premium is allowed at anytime during the term of the policy, provided all premiums are paid.
The maximum dollar amount for medical services that the member's insurance company will pay during the term of the policy.
Money back policy A money back insurance policy is similar to an endowment policy in the sense that it provides life cover during the term of the policy as well as additional benefits.
This simply means the cost of your policy will not increase during the term of the policy.
The death benefit is payable even after the commencement of the survival benefit during the term of the policy.
In the event of the death of the policy holder during the term of the policy, the beneficiary can claim the proceeds of the death benefit.
Your rate is set when you sign the policy, and it won't change during the term of the policy.
In case, the policyholder dies during the term of the policy then the nominee will get all the death benefits.
For any reason, if the insured person expires during the term of the policy, then most likely it is the death benefit that gets paid to the nominee.
In the money back policy, insurance companies pay a fixed amount of sum assured at the regular intervals during the term of policy.
The critical illness rider is only paid once during the term of the policy while the policy is in force.
The terms «level» and «decreasing» refer to the death benefit amount during the term of the policy.
Every insurance companies has certain endorsement procedure during the term of the policy.
Final Additional Bonus may also be declared on death or maturity during the term of the policy, provided the policy is active for certain minimum term.
If you remain healthy during the term of the policy, there will be no need to cancel the policy.
However, if you get a traffic violation during the term of your policy you can get a spike in rates.
A no - claim bonus is a discount on the premium that is offered by insurance companies if the owner has not made a single claim during the term of the policy.
You pay a premium, and in exchange, the insurance company promises to pay for specific car - related financial losses during the term of the policy.
Children who will be in college during the term of the policy may have their college costs covered.
In many cases, the premium will remain level during the term of the policy.
This plan provides life cover for the child during the term of the policy.
You have the option to choose a benefit option at the inception of the policy and once chosen, it can't be altered during the term of the policy.
I have a question — can the agreed insurance premium amount be changed by the insurance provider during the term of the policy?
A home warranty is an insurance policy that typically covers the repairs and or replacement of your home's major systems during the term of the policy.
In the event of death of the life insured during the term of the policy, the death sum assured is payable immediately.
The amount of the loan can be repaid in part or in full at any time during the term of your policy.
In the event of your death during the term of the policy, the proceeds are paid out to your designated beneficiary.
If you pass away during the term of your policy, your designated beneficiaries will receive a tax - free, lump - sum death benefit.
In case of the unfortunate demise of the life assured during the term of the policy, the nominee will receive the benefits, depending on the plan option chosen.
It pays only if death occurs during the term of the policy, which is usually from one to 30 years.
In this plan risk cover is automatically increase after every 5 years during the term of the policy.
This policy provides a lump sum amount to the beneficiary and it is payable, in case of your unfortunate demise during the term of the policy.
You are fully covered during the term of the policy, but you do not receive cash back when the term is over.
In case of the event death of the policy holder during the term of the policy, the beneficiaries can claim death benefits from the insurance company.
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