Sentences with phrase «early death of the insured»

This is the only guaranteed part of the endowment policies that you will get the assured sum on the policy maturity date or before in case of early death of the insured.

These are payable on maturity of the policy, with basic sum assured or on earlier death of the insured with sum assured on death.

Not exact matches

An accelerated death benefit rider allows the policyowner to receive a portion of the death benefit early when the insured individual is diagnosed with a terminal illness resulting in a decreased life expectancy.

Once you complete the 10th Policy year, you will start receiving an annual payout until maturity or death of Life Insured, whichever is earlier, subject to policy being in force.

Fundamentally, an annuity is an insurance policy, except that instead of insuring against an early death as life insurance does, an annuity is insurance against living so long that you run through your savings.

An accelerated death benefit rider allows the policyowner to receive a portion of the death benefit early when the insured individual is diagnosed with a terminal illness resulting in a decreased life expectancy.

Cash refund options are also available to insure that all monies, plus interest, are returned to named beneficiaries in the event of an early death.

It provides financial benefits to loved ones, businesses or other beneficiaries who might otherwise experience financial hardships from the early or untimely death of the insured person, and it often provides resources that last well beyond the policy holder's lifetime.

By definition, the paid up value of a life insurance policy is the value an owner receives from the insurer upon default or surrender or early termination of the policy before its maturity or the insured's death.

LTCSO is not additional monetary benefit, but an early payout of a death benefit to the insured rather than to a designated beneficiary.

If it is a joint life plan, on the death of the first life insured, the sum assured is paid out and the plan continues as long as the second life is alive or till the end of the term, whichever is earlier.

An accelerated death benefit rider allows the policyowner to receive a portion of the death benefit early when the insured individual is diagnosed with a terminal illness resulting in a decreased life expectancy.

Individuals with pre-existing health conditions or poor habits like tobacco use tend to have significantly lower life expectancies than their healthy counterparts, increasing their likelihood of early death and making them comparatively expensive to insure.

The insurance comes with an accelerated death benefit rider which pays out early if the insured is diagnosed with a terminal illness and given less than 12 months or if the insured is confined to a nursing home for more than 90 days and is expected to remain confined for the duration of the insured's life.

Life insurance can be defined as a contract between LIC and a policyholder, whereby you agree to pay certain premium for a specific term and LIC promises to pay a sum of money on a specific term, it can be either on death of the insured person or maturity date, whichever is earlier.

For example, there is an early benefit provision, whereby if the insured is diagnosed with a terminal illness and given a life expectancy of one year or less, then they may receive advanced funds from the policy's death benefit.

Accelerated Death Benefit — available to insured employees with a life expectancy of 12 months or less allowing them to collect a percentage of their life insurance benefit early and the remaining benefit is then payable to the beneficiary.

And the insured amount is payable by the Insurer at the end of a specified number of years or upon the death of the Insured, whichever is einsured amount is payable by the Insurer at the end of a specified number of years or upon the death of the Insured, whichever is eInsured, whichever is earlier.

Available for the existing GUL 3 product, American General Life Insurance Company's Asset Protector adds extra policy benefits, like early use of the death benefit to pay for illnesses, even before the insured has passed.

Many term policies include a terminal illness rider or accelerated death benefit which allows a portion of the coverage to be taken out early for the insured's use due to a diagnosis of being terminally ill.

Accelerated death benefit — offers the option of taking a portion of the death benefit early if the insured is diagnosed as terminally ill.

Loans may be taken out on the value of this policy at a fixed rate.3 Additionally, early access to benefits may be available with the Accelerated Death Benefit Endorsement if the insured should become terminally ill.4

Guaranteed Annual Payouts — once the 10th policy year is completed, you will begin receiving yearly payouts until maturity or death of the Life insured (whichever is earlier)

Terminal bonuses: It is a directional extra amount of money paid to boot on the maturity of the policy or the early death of the life insured.

Surplus in the insurance fund is distributed as a bonus, as a percentage of Sum Assured is paid out every year starting from the end of the 7th policy year, until maturity or death of the life insured (whichever is earlier)

Guaranteed Survival Benefits — After the 10th policy year, you start receiving 6 % of the Sum Assured up to one year before maturity, or death of the Life insured (whichever is earlier)

When the policy matures, the sum assured + accrued revisionary bonus + guaranteed additions will be payed to the policy holder or to the nominee in case of an early death of the life insured.

Risk coverage is for the entire duration of life and the sum assured is paid after the death of the insured Limited Payment Whole Life Insurance: where premiums are paid for a limited and shorter period of time as chosen by the insured or after his death, whichever happens earlier.

Under the second option, the Sum Assured and the aggregate premiums paid are returned either on death of the insured or if the insured suffers a Total and Permanent Disability due to an accident, whichever is earlier

First and foremost get the death certificate of the insured as early as possible and provide it to the insurer.

The bonuses thus calculated are taken for a term of the policy or the death of the insured person, whichever happens, earlier.

The policy ceases to exist upon the earlier of the insured's death or the contract's maturity.

The primary advantage of mortgage protection life insurance is that the insured person does not have to worry about how a spouse or other party will pay for a house in case of an early death.

On the other hand, the insurance company promises to pay the claim which arises due to either death of the insured during the policy term or on maturity of the policy contract (whichever is earlier).

Max Life Partner Care Rider which pays the sum of all future premiums payable under the base policy or till life insured attains 60 years age (whichever is earlier), immediately on the death of the life insured and after payment, the rider will terminate.

Insurance of this type may be purchased when the insured has a large financial obligation to fund, such as child - rearing expenses, and needs a great deal of coverage in the early years to protect against adverse financial implications of his / her death.

an additional lump sum bonus paid only ONCE, on the earlier of either death of the life insured or surrender or maturity of the policy provided your policy

In the event of death of the Life Insured, Death Benefit will be higher of 105 % of the premiums paid until the death of the policyholder OR eleven times of the annualised premium OR guaranteed sum assured on maturity OR any assured amount that has been earlier agreed to be paid in case of death of the Life Insured, Death Benefit will be higher of 105 % of the premiums paid until the death of the policyholder OR eleven times of the annualised premium OR guaranteed sum assured on maturity OR any assured amount that has been earlier agreed to be paid in case of Death Benefit will be higher of 105 % of the premiums paid until the death of the policyholder OR eleven times of the annualised premium OR guaranteed sum assured on maturity OR any assured amount that has been earlier agreed to be paid in case of death of the policyholder OR eleven times of the annualised premium OR guaranteed sum assured on maturity OR any assured amount that has been earlier agreed to be paid in case of deathdeath

Once you complete the 10th Policy year, you will start receiving an annual payout until maturity or death of Life Insured, whichever is earlier, subject to policy being in force.

Once you complete the 10th Policy year, you will start receiving the survival benefit up to one year before maturity or death of Life Insured, whichever is earlier, subject to policy being in force.

It is a life insurance policy that provides the life cover to the insured by charging mortality cost and provide a return on investment through investing the remainder portion of the premium.The policy offers both death and maturity benefits (whichever happens earlier).

It is payable on death or at the end of policy year when Life Insured attains age 75, whichever is earlier.

It also offers regular monthly pay - out after the end of premium payment term that increases every year at three per cent and is paid till maturity or death of the life insured, whichever is earlier.

In case of death of the any insured member the Sum Assured as per certificate of insurance shall be payable and contract will continue on 2nd life till death of 2nd life or expiry of policy term for that member whichever is earlier.

In case of death of the any insured member after payment of Terminal Illness Benefit, remaining amount of the Sum Assured is payable and contract will continue for the 2nd life till death of 2nd life or expiry of policy term, whichever is earlier.