Sentences with phrase «equal your sum assured»

Option to select accidental death benefit where in case of death of policy holder due to an accident, an additional equal sum assured would be paid to the nominee.

Final payments equal sum assured plus bonuses and riders.

Of course, a child insurance plan of equal sum assured is more expensive than that of a term plan.

Of course, a child plan of equal sum assured is more expensive than that of a term plan.

The money backs will equal your sum assured and will be paid over 4 installments as shown in the table below.

Not exact matches

Absolute amount assured to be paid on death equal to the sum assured Plus, any Guaranteed Additions accrued as on the date of death; or

All unit - linked insurance products (Ulips) will have to provide a minimum death benefit, which will have to be at least equal to the guaranteed minimum sum assured, plus the balance in the unit fund or policy account.

The ULIP offers a maturity benefit that equals fund value of the plan, while death benefit comprises of sum assured and fund value.

Under the option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in equal monthly instalments for a period till which the policyholder's child attains 21 years of age.

Under the first option a lump sum benefit equal to the Sum Assured is paid.

The insured receives 10 % of the sum assured every year for 5 years after the policy term in addition to a lumpsum amount that equals 50 % of the sum assured in addition to compounded reversionary bonus and terminal bonus, they have not been declared by Future Generali Life Insurance.

When a policyholder dies, the death benefit received by the nominee in case of type 2 ULIP is equal to sum assured plus fund value.

Under the second option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in equal monthly instalments @ 0.58 % of the Sum Assured for 10 years.

While, if he buys Religare Floater Health insurance Plan that offers a sum assured equal to Rs. 3 Lacs, then the premiums that he would need to pay will be considerable less than the sum of premiums paid for individual plans.

Additionally, if he does not make a claim even in the third year of the policy, then he will get another hike in the sum assured equal to 10 % of the base sum assured.

In case of death, the Sum Assured plus the Fund Value plus a lump sum benefit equal to the aggregate outstanding premiums are paid

The Death Benefit is equal to the Sum Assured and paid as a lump sum amount.

In case of premature death, the outstanding loan at that point (which is equal to your sum assured at that point) is paid off.

At the end of the policy term when the policy matures, the policyholder receives a lump sum that is equal to 50 % of the Sum Assured plus any declared Compound Reversionary bonus and Terminal Bonus if any.

Survival benefits as 20 % of the basic sum assured is payable in equal intervals of time i.e. after the completion of age 18 years, 20 years and 22 years, provided the policy is in full force.

The extra cover is equal to the sum assured on the base policy and is paid upon diagnosis of the illness.

Universal SompoAapatSurakshaBima Policy provides onetime payment equal to sum assured to the insured or to the nominee in the case if the insured is diagnosed with the critical diseases like

Maturity benefit is equal to sum assured on maturity.

The maximum CI sum assured that can be chosen is equal to base sum assured.

You can opt for a IndiaFirst Term Rider to get death benefit equal to the rider sum assured in case of death of the life assured

After the death of policyholder, lump sum amount is given to the nominee, equal to the total of sum assured of the policy + simple reversionary bonus + additional bonus if any.

Accidental Death Rider: In the case of an accidental death of the insured, an additional amount equal to the sum assured plus the original sum assured in the lump sum will be paid to the nominee.

Offers guaranteed sum assured on maturity equal to the sum assured would be paid to the policy holder

However there are other finer details on tax aspects also like its eligibility for tax deduction is only when the premium is less of equal to 10 % of the sum assured.

On diagnosis of any Terminal Illness, 25 % of the base sum assured will be paid (max.of Rs 1 Crore) & the base sum assured will be reduced by an amount equal to the benefit paid under this clause.

The maximum sum assured (including base plan and top up across all polices with Reliance Life Insurance Company) shall not exceed «5 lac, if the age of the life assured is greater than or equal to 7 years but less than 12 years.

It offers death risk coverage and returns as a percentage of sum assured at equal intervals.

This type of endowment plan enables the insurer to pay a death benefit which is equal to the sum assured at the beginning of the endowment plan.

A lump sum amount is paid on death of the life insured which is equal to 10 % of the Sum Assured chosen by the policyholder.

Payment of top - ups would result in increase in sum assured by 125 % of the top up premium paid, in case the age of the life assured at the time of payment of top up premium is less than 45 years and 110 % of the top up premium paid, in case the age of the life assured at the time of payment of top up premium is greater than or equal to 45 years.

The sum assured applicable for your spouse shall be equal to 50 % of your applicable sum assured.

Death Benefit: In case of unfortunate death of the life assured during the policy term, the claimant will receive an amount equal to the rider sum assured, which can be equivalent to the base policy sum assured.

Offers lump sum payout equal to 50 % of sum assured in the event of a claim plus regular monthly income till your child turns 21 years.

Offers an additional life cover which is same as equal to the sum assured in case of accidental death

The maximum sum assured for less than 45 years is 10 times the annualized premium and for more than or equal to 45 years 7 times the annualized premium

If the critical sum assured is equal to the basic sum assured, the payout is paid fully as the basic sum assured and the policy terminates.

If on the hand a policyholder opts for an installment option, then the 50 % of the sum assured is paid as a lump sum amount and the rest is paid in 5 equal annual installments.

The mandatory declaration of holding the other policy / policies is also essential due to the existence of a contribution clause - This clause states that if a person holds more than one health insurance policy, when a claim is made, all insurers share the claim in an equal ratio according to the sums assured under their corresponding policies.

1) An amount equal to the sum assured will be payable as ATPD benefit (Subject to a maximum of Rs2crore)

This plan choice provides endowment + whole life option benefits in which the endowment benefits is equal basic assured sum in case the insured survives till 100 years of age or on demise before in the extension period.

The plan offers the sum assured equal to 40 times the annualized premium.

an amount equal to the sum assured (subject to a maximum of $ 2 crores) will be paid as ADB and the policy will terminate

Also, in the event of unfortunate death, a lump sum benefit equal to higher of the sum assured or 105 % of all premiums paid till date of death will be payable.

After this, an additional benefit equal to 0.4 % of the sum assured is paid every month to the nominee, following the month of the insured's demise.

Maturity Benefit: The sum assured on maturity equals the basic sum assured along with Final Additional Bonus and Reversionary Bonus.