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.
In
the event of death of the Insured during settlement period the fund value as on the date of intimation of death at the office will be paid to the nominee.
SBI will pay the Sum Assured to the nominee in
the event of the death of the insured during the policy period.
Definition: Life insurance that pays a benefit in
the event of the death of the insured during a specified term.
By definition, term life insurance is: life insurance that pays a benefit in
the event of the death of the insured during a specified term.
BSLI will pay the Sum Assured to the nominee in
the event of the death of the insured during the policy period.
Repatriation of Remains: In
the event of death of the insured during the travel, the cost incurred towards transportation of remains to the home residence is covered.
In
the event of death of the insured during the term of the policy, the Death Benefit payable is sum of Death Sum Assured, Accrued Reversionary Bonuses, and Interim and Final Bonus.
In
the event of death of the insured during the policy term, Death Sum Assured plus Accrued Annual Guaranteed Additions is payable.
In
the event of death of the insured during the policy term, a lump sum Death Sum Assured is payable, which is higher of Base Sum Assured, Maturity Sum Assured, or 105 % of all the premiums paid.
In
the event of death of the insured during the first 15 policy years, Death Sum Assured plus Accrued Reversionary Bonus plus Final Bonus is payable.
In
the event of death of the insured during the term of the policy, Death Sum Assured along with Accrued Reversionary Bonus and Final Bonus is payable to the nominee / legal heir, provided the policy is in force.
In
the event of death of the insured during the policy period, the payout is higher of 105 % of all premiums paid or the accumulated Fund Value.
In
the event of death of the insured during the term of the policy, Death Sum Assured plus Accrued Reversionary Bonuses plus Interim Bonus plus Final Bonus is payable.
In
the event of death of the insured during the term of the policy, the death benefit payable is higher of Sum Assured on Death + Accrued Guaranteed Additions + Accrued Reversionary Bonuses + Interim bonus + Terminal bonus or 105 % of premiums paid till the date of death.
Not exact matches
In case
of unfortunate
event of death of the Life
Insured during the Policy Term, the following benefits will be payable to the Claimant, subject to Policy being in force.
In the
event of death of the Life Insured during the Policy Term, subject to the policy being in force, the Death Benefit payable shall be equal to the Sum Assured on d
death of the Life
Insured during the Policy Term, subject to the policy being in force, the
Death Benefit payable shall be equal to the Sum Assured on d
Death Benefit payable shall be equal to the Sum Assured on
deathdeath.
J. RETURN
OF MORTAL REMAINS — In the event of the death of the Insured Person during the Period of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
OF MORTAL REMAINS — In the
event of the death of the Insured Person during the Period of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of the
death of the Insured Person during the Period of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of the
Insured Person
during the Period
of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of Coverage as a result
of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of an Illness or Injury covered under this insurance while the
Insured Person is outside
of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of his / her Home Country, the Company will reimburse the authorized personal representative or the estate
of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of the
Insured Person up to the amount shown in the Schedule
of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of Benefits / Limits for the costs and expenses incurred to return the
Insured Person's Mortal Remains to his / her Home Country and thereafter to the place
of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of burial or other final disposition (but not including any costs
of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return
of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of the
Insured Person's Mortal Remains in advance as a condition to the availability
of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of this benefit; or up to the amount shown in the Schedule
of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of Benefits / Limits for preparation, local burial or cremation
of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of the
Insured Person's mortal remains at the place
of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of death in accordance with the commonly accepted cultural and religious beliefs practiced by the
Insured Person.
In the
event that the
insured parent passes away
during the 10 - year period
of the policy, a $ 50,000
death benefit is paid to a trust1.
The
insured may make a nomination at any time
during the policy term with the purpose
of payments
of benefits in the
event of his
death.
In the
event of the unfortunate
death of the
insured (parent)
during the policy tenure, insurance companies often offer to waive the premium.
The policyholder can nominate a person (the beneficiary) to receive the
Death Benefit in the
event of the demise
of the life
insured or make a change in nomination at any time
during the tenure
of the plan, provided the plan is in force, by submitting a written request to the insurance company.
K. RETURN
OF MORTAL REMAINS — In the event of the death of the Insured Person during the Period of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
OF MORTAL REMAINS — In the
event of the death of the Insured Person during the Period of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of the
death of the Insured Person during the Period of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of the
Insured Person
during the Period
of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of Coverage as a result
of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of an Illness or Injury covered under this insurance while the
Insured Person is outside
of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of his / her Home Country, the Company will reimburse the authorized personal representative or the estate
of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of the
Insured Person up to the amount shown in the Schedule
of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of Benefits / Limits for the costs and expenses incurred to return the
Insured Person's Mortal Remains to his / her Home Country and thereafter to the place
of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of burial or other final disposition (but not including any costs
of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return
of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of the
Insured Person's Mortal Remains in advance as a condition to the availability
of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of this benefit; or up to the amount shown in the Schedule
of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of Benefits / Limits for preparation, local burial or cremation
of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of the
Insured Person's mortal remains at the place
of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Perso
of death in accordance with the commonly accepted cultural and religious beliefs practiced by the
Insured Person.
J. RETURN
OF MORTAL REMAINS — In the event of the death of the Insured Person during the Period of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the estate of the Insured Person up to US $ 50,000 for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefi
OF MORTAL REMAINS — In the
event of the death of the Insured Person during the Period of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the estate of the Insured Person up to US $ 50,000 for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefi
of the
death of the Insured Person during the Period of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the estate of the Insured Person up to US $ 50,000 for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefi
of the
Insured Person
during the Period
of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the estate of the Insured Person up to US $ 50,000 for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefi
of Coverage as a result
of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the estate of the Insured Person up to US $ 50,000 for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefi
of an Illness or Injury covered under this insurance while the
Insured Person is outside
of his / her Home Country, the Company will reimburse the estate of the Insured Person up to US $ 50,000 for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefi
of his / her Home Country, the Company will reimburse the estate
of the Insured Person up to US $ 50,000 for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefi
of the
Insured Person up to US $ 50,000 for the costs and expenses incurred to return the
Insured Person's Mortal Remains to his / her Home Country and thereafter to the place
of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefi
of burial or other final disposition (but not including any costs
of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefi
of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return
of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefi
of the
Insured Person's Mortal Remains in advance as a condition to the availability
of this benefi
of this benefit.
Usually the option to add
death benefit coverage through the GI rider occurs at certain pre-determined ages (which may vary by company) throughout the
insureds life, but may also occur
during special life
events such as marriage or the birth
of a child.
On the occurrence
of any unfortunate
event, such as the
death of the
insured during the policy term then the nominee gets Rs 5,000 so as to help them meet their immediate expenses.
In the
event of insured surviving the policy term, there is no payment on maturity
of the policy, as the term insurance is intend to cover only the risk
of death during the term
of policy.
Term life insurance is a less expensive policy that compensates the beneficiaries in the
event of the
insured's
death during the specified term.
In the
event of demise
of the life
insured during the policy term, the
death benefit will be paid to the nominee.
In the
event of death of the life insured during the term of the policy provided all due premiums are paid, the Sum Assured on Death, subject to the guaranteed death benefit of 105 % of the total premiums paid till date of death, is payable immediately and the policy will be converted to a fully paid - up po
death of the life
insured during the term
of the policy provided all due premiums are paid, the Sum Assured on
Death, subject to the guaranteed death benefit of 105 % of the total premiums paid till date of death, is payable immediately and the policy will be converted to a fully paid - up po
Death, subject to the guaranteed
death benefit of 105 % of the total premiums paid till date of death, is payable immediately and the policy will be converted to a fully paid - up po
death benefit
of 105 %
of the total premiums paid till date
of death, is payable immediately and the policy will be converted to a fully paid - up po
death, is payable immediately and the policy will be converted to a fully paid - up policy.
In the
event of death of the life
insured during the policy term, Entire Sum Assured plus the Guaranteed Additions accrued till date is payable to the nominee.
In the
event of death of the life
insured during the term
of the policy, the sum assured chosen is payable to the nominee, provided all due premiums have been paid in full.
o Level Cover: The
death payout under this plan option pays the opted sum assured to the nominee in the
event of death of life
insured during the policy term.
In the
event of death of the life
insured during the policy term, provided all due premiums are paid, the
death benefit payable is sum assured on
death plus guaranteed loyalty additions plus vested bonus plus interim bonus plus terminal bonus.
In the
event of death of the life
insured during the term
of the policy, the highest
of Basic Sum Assured less applicable partial withdrawal, 105 %
of the Premiums paid, or Fund Value in the Main Account including Loyalty Additions is payable.
In the
event of the untimely
death of the life
insured during the policy term, the total
death sum assured is payable to the nominee as per the variants opted and payout option opted.
(Note: In the
event of death of the Life
Insured while the policy is in force,
during the policy term, subsequent to the Critical Illness claim, the Reduced Base Sum Assured (i.e. Base Sum Assured less Critical Illness Sum Assured) is payable and the policy gets terminated)
In the
event of death of the life insured during the policy term, the Death Benefit payable is higher of the sum assured, fund value, or 105 % of the total premiums
death of the life
insured during the policy term, the
Death Benefit payable is higher of the sum assured, fund value, or 105 % of the total premiums
Death Benefit payable is higher
of the sum assured, fund value, or 105 %
of the total premiums paid.
In the
event of death of the life insured during the policy term, the Death Benefit as a lump sum is payable to the nominee, which is higher of the sum assured or single premium fund value Plus higher of top - up premium sum assured or top - up premium fund value, if
death of the life
insured during the policy term, the
Death Benefit as a lump sum is payable to the nominee, which is higher of the sum assured or single premium fund value Plus higher of top - up premium sum assured or top - up premium fund value, if
Death Benefit as a lump sum is payable to the nominee, which is higher
of the sum assured or single premium fund value Plus higher
of top - up premium sum assured or top - up premium fund value, if any.
In the
event of death of the life insured during the policy term, lump sum death benefit as Guaranteed Death Sum Assured (GDSA) is payable to the nom
death of the life
insured during the policy term, lump sum
death benefit as Guaranteed Death Sum Assured (GDSA) is payable to the nom
death benefit as Guaranteed
Death Sum Assured (GDSA) is payable to the nom
Death Sum Assured (GDSA) is payable to the nominee.
The plan provides a
death benefit amount in the unfortunate
event of death of the life
insured anytime
during the policy term based on the option chosen by the life
insured at the time
of buying the plan.
In most cases (be sure to check with the policy you are considering), what you'll generally find is that in the
event that the
insured dies from natural causes
during the graded
death benefit exclusion period, most if not all
of the premiums paid by the
insured will be refunded to the
insured's beneficiaries plus some type
of interest payment based on how long the
insured had been making payments!
So it is a simple term insurance plan that pays only in the
event of death of the life
insured during the tenure
of the plan.
During this period of time, the life insurance policy will pay out in full in the event that the insured dies from an accidental cause (such as: slip and fall, motor vehicle accident, victim of crime, etc, etc...) but the policy will not cover the insured in the event of an natural cause of death during that first 2 year p
During this period
of time, the life insurance policy will pay out in full in the
event that the
insured dies from an accidental cause (such as: slip and fall, motor vehicle accident, victim
of crime, etc, etc...) but the policy will not cover the
insured in the
event of an natural cause
of death during that first 2 year p
during that first 2 year period.
Option 3: Max Life Online Term Plan — Sum Assured plus Increasing Level Monthly Income Under this option, in the
event of death of the life
insured during the plan term, the family gets 100 %
of the sum assured as a lumpsum payment.
Under this option, in the
event of death of the life
insured during the tenure
of the plan, the nominee will receive the sum assured as a lumpsum payment.
For individuals who are not aware what is a term plan, it is a life insurance plan that pays a lumpsum amount to the family members
of the life
insured in the
event of death of the life
insured during the tenure
of the life insurance plan.
In the
event of death of the life insured during the policy term, the Death Benefit payable is higher of Sum Assured on Death or Policy Account V
death of the life
insured during the policy term, the
Death Benefit payable is higher of Sum Assured on Death or Policy Account V
Death Benefit payable is higher
of Sum Assured on
Death or Policy Account V
Death or Policy Account Value.
In case
of the unfortunate
event of the
death of the life
insured during the policy term, the
death benefit payable to the nominee shall be the aggregate
of:
In the
event of death of the life
insured during the policy term, the higher
of Sum Assured, Fund Value or 105 %
of the total basic premiums paid, is payable to the nominee.