Sentences with phrase «event of death of the policy holder before»
Traditional / Endowment Insurance Product: Traditional Endowment Insurance products are designed to provide lump sum money on the maturity of the policy or on unfortunate event of death of policy holder before the maturity.
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A term rider acts in similar manner as a term insurance policy i.e. a monthly income will be provided to the nominee in event of death of the policy holder before end of the policy term.