Sentences with phrase «event of the death of the insured»

In the unfortunate event of death of the insured within the term of the policy, the nominee (s) stands to receive the sum assured.

In case of unfortunate event of death of the insured during premium paying term, the nominee is handed over the basic sum assured together with reversionary bonuses and terminal bonus, if any.

Sum Assured - The amount of money that is payable to the nominee in case of the unfortunate event of death of the insured is equal to 25 times the single premium paid

Insurable Interest: The existence of potential financial loss on the part of the policy owner and / or beneficiary (s) in the event of the death of the insured.

The Benefit amount is the amount that is paid out in the event of the death of the insured.

The contract agrees to pay out, a specified amount of money, in the event of the death of the insured person to a listed «beneficiary.»

This HDFC life term plan provides a lump sum amount to the family in the event of death of the insured

In the event of the death of the insured, the insurance company pays the full sum assured along with survival benefits.

This HDFC life term plan provides a lump sum amount as the death benefit to the family in the event of death of the insured.

In the event of Death of the insured person due to accident outside her / his residence the expenses incurred for transportation of insured's dead body to the place of residence subject to a maximum of 2 % of capital sum insured or Rs. 2,500 / - whichever is less.

The amount that the policy will pay to the insured's beneficiaries in the event of the death of the insured.

In the event of the death of the insured person 100 % of the Sum Assured will be provided to the legal representative or assignee or nominee of the insured person.

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.

Life insurance, such as Adjustable Complife, is purchased to pay a lump sum death benefit in the event of the death of the insured.

Life insurance is a contract by which an insurance company agrees to pay a sum of cash or stream of payments in the event of the death of an insured person.

A life insurance policy is designed to protect beneficiaries in the event of the death of the insured.

No servicing requests like premium redirection, partial withdrawals, fund switches etc. will be allowed in the event of the death of the insured.

A temporary life insurance policy that provides a contracted dollar amount for a specified period of time and pays out in the event of the death of the insured.

It protects the family or the beneficiaries in the event of the death of the insured person.

Term life insurance pays a benefit in the event of the death of the insured for a specified period of time.

* Note: In the event of the death of the insured by suicide within the first year of the policy or with 1 year of the date of renewal the death benefits are not applicable.

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.

Death benefit is paid to the beneficiary in the event of death of the insured person.

SBI will pay the Sum Assured to the nominee in the event of the death of the insured during the policy period.

Max Life Partner Care Rider: (UIN: 104A023V01) Under this rider, in the event of death of the insured, the nominee gets an additional sum of all the future premiums payable under the base policy, subject to a maximum age of 60 years.

Definition: Life insurance that pays a benefit in the event of the death of the insured during a specified term.

Death of the insured in case of ULIPs, Pension and Traditional plans In an unfortunate event of death of Insured, the proceeds or the amount received towards the claim from the policy by the family members is totally exempt from tax under section 10 of Income tax Act.

In the event of the death of the insured, the sum assured to the maximum of 50 Lakh is paid to the nominee

The beneficiary, in the event of the death of the insured person, will get death benefit, which is the higher of the sum assured or fund value in the investment account or 105 % of the total premiums paid till date.

Term life insurance mathematically has value because it will pay out in the event of a death of the insured person.

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.

Whole life insurance, which is life insurance that pays a benefit in the event of the death of the insured, is also available without a medical examination requirement.

Life insurance is a form of insurance that pays a beneficiary in the event of the death of the insured person.

Accidental Death coverage in the event of death of the insured due to an accident within the plan period, Sum Insured is paid to the nominee as mentioned in the plan.

The policy also provides a good insurance cover for the individual and the entire sum assured will be provided to the beneficiaries in the event of the death of the insured person.

In the event of death of the insured, the parents and the family listed as nominees are entitled to receive the policy proceeds, and no other legal heir can make claims.

Term insurance, as the name suggests, is valid for a specific period of time and offers death benefit to the nominee in the event of the death of insured.

Life insurance is nothing but simple agreement between the insured and the insurer who promises a payment of a certain amount to the insured or their nominee in the event of death of the insured or upon maturity of the policy.

The plan provides comprehensive insurance cover to the borrowers of the institution and offers to pay off the principal loan outstanding in the event of death of the insured borrower.

In the event of death of the insured, the insurance company pays the full sum assured along with survival benefits to the nominee / beneficiary.

Accidental deaths cover in the event of death of the insured due to an accident wherein the entire Sum Insured will be paid to the nominee.

In the event of death of the insured, an ULIP like HDFC Progrowth Plus pays the higher of the life cover or fund value to the dependent family members / nominees of the policyholder.

In the event of the death of an insured person, the nominee of the policy would receive an amount called the sum assured which can then be used effectively to plan for their future.

BSLI will pay the Sum Assured to the nominee in the event of the death of the insured during the policy period.