Sentences with phrase «following death of insured»

The income payout starts from the 1st day of month immediately following death of insured and continues for the outstanding policy term, i.e. till the original maturity date of the policy.

If you receive all the proceeds in one payment following the death of the insured, the proceeds are not taxable.

This is the same amount as the policy's lost income benefit limits (up to $ 900 per month) for one year following the death of the insured person.

Life insurance is an important benefit for most people — and especially for those who have loved ones who may be in need of financial assistance following the death of an insured.

The life insurance company should be contacted as soon as possible following the death of the insured to begin the claims process.

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.

[42] In other words, Part 7 (at least so far as it is concerned with benefits following injury, rather than death benefits) has two related objects: to compensate an insured person for a portion of the financial loss accrued from temporary total disability caused by a motor vehicle accident; and, where possible, to do so in a manner that brings about the end of the total disability by returning the injured person to employment or self - sufficiency.

Where an ICBC insured at the date of death resulting from a motor vehicle accident comes within an age group set out in column A of the following Table and the insured has the status set out in column B, C or D, the amount of death benefit payable under section 92 is the amount set out below that status and opposite that age group.

If the Insured Person's Injury results in death or dismemberment, this Plan provides the following benefits for loss of:

Provides an accelerated death benefit if the insured has been certified by a physician as having one or more of the following conditions within the last 12 months: ALS, kidney failure, life - threatening cancer, major organ failure, heart attack, or stroke.

The monthly installments start from the next month following the date of death of the life insured.

Life insurance premium rates are governed by the following factors: • Mortality Rate: is an insurer «s anticipation of deaths amongst a particular group of insured lives at certain ages.

The nominee can avail the death benefit in lump sum or choose to receive the monthly Family Income Benefit of 1.5 % of the Sum Assured as and when it accrues, i.e. following the date of death of the insured till the end of the tenure.

The inbuilt benefits are applicable in case of death of the insured wherein an additional Sum Assured is paid in case of Accidental Death, total of the Sum Assured and Fund Value is paid in case of being diagnosed with a Critical Illness under the Critical Illness Benefit and 10 % of the Sum Assured is paid following the year of disability to the end of the term or 10 years whichever is lower in case of ATPD bendeath of the insured wherein an additional Sum Assured is paid in case of Accidental Death, total of the Sum Assured and Fund Value is paid in case of being diagnosed with a Critical Illness under the Critical Illness Benefit and 10 % of the Sum Assured is paid following the year of disability to the end of the term or 10 years whichever is lower in case of ATPD benDeath, total of the Sum Assured and Fund Value is paid in case of being diagnosed with a Critical Illness under the Critical Illness Benefit and 10 % of the Sum Assured is paid following the year of disability to the end of the term or 10 years whichever is lower in case of ATPD benefit.

This includes coverage for any legal liabilities following death, injury or property damage of third parties, arising out of the use of insured vehicle.

If the named insured shown on the coverage summary page, his / her spouse, or their dependent children suffer an accidental death arising from the use or operation of the insured watercraft while this policy is in effect, and provided that the death occurs within 12 months of the date of the accident, we will compensate the estate of the deceased person as follows:

Please have the following information available if known: Insured name, date of birth, date of death, and policy number.

In the event of death of the policyholder where the life insured and policyholder are different individuals, the Death Benefit is as foldeath of the policyholder where the life insured and policyholder are different individuals, the Death Benefit is as folDeath Benefit is as follows:

If the travel injury sustained due to the aircraft accident results, within 181 days of the accident, in the death of the insured traveler, in the severance of a limb, or in irretrievable loss of eyesight, speech or hearing, the Accidental Death & Dismemberment (Air Flight Only) coverage will pay the largest amount of the following benedeath of the insured traveler, in the severance of a limb, or in irretrievable loss of eyesight, speech or hearing, the Accidental Death & Dismemberment (Air Flight Only) coverage will pay the largest amount of the following beneDeath & Dismemberment (Air Flight Only) coverage will pay the largest amount of the following benefits.

In the event of death where the life insured and policyholder is the same person, the Death Benefit comprises of the following 3 compondeath where the life insured and policyholder is the same person, the Death Benefit comprises of the following 3 componDeath Benefit comprises of the following 3 components:

Q. TRIP INTERRUPTION — Subject to the Terms of this insurance and in the event of the Unexpected death of a Relative of the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the Schedule of Benefits / Limits for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations:

R. TRIP INTERRUPTION — Subject to the Terms of this insurance and in the event of the Unexpected death of a Relative of the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the Schedule of Benefits / Limits for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations:

If within 365 days after the date of a Covered Accident, the Insured Person's Injury results in death or dismemberment, this Plan provides the following benefits for loss of:

Family Income Benefit (FIB)-- An amount equal to 10 % of the Sum Assured will be paid on each Policy anniversary following or coinciding with the Date of Death of the Life Insured till the end of the Policy Term, but not exceeding 10 such installmentsa

The riders available of money back policy are as follows: • Critical Illness rider: This rider offers a guaranteed sum if the Insured is diagnosed with some critical illness including major organ failure, coronary diseases, different types of cancer etc. • Accident rider: In case the policy holder's unexpected death due to accident the nominee receives a sum assured • Disability benefit rider: This type is rider helps in case the policy holder is left paralyzed due to some major accident in his life.

R. TRIP INTERRUPTION: Subject to the Terms of this insurance and in the event of the Unexpected death of a Relative of the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the SCHEDULE OF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof this insurance and in the event of the Unexpected death of a Relative of the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the SCHEDULE OF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof the Unexpected death of a Relative of the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the SCHEDULE OF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof a Relative of the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the SCHEDULE OF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the SCHEDULE OF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the SCHEDULE OF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the SCHEDULE OF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aOF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof the Unexpected death of the Relative or the substantial destruction of the principal residence; aof the Relative or the substantial destruction of the principal residence; aof the principal residence; and

Under the Monthly Income Benefit option, post death of the life insured, 0.50 % of Sum Assured will be paid monthly following the month from the date of death of the life insured.

If the entry age of the life insured is less than or equal to 45 years, the Sum Assured on Death is higher of the following:

In the case of death of the insured before the date of the maturity, then the benefits of death that are payable to the nominees in a lump sum amount are as follows:

If the Life Insured passes away before the policy term ends, PNB Metlife pays the nominees the highest of the following: (a) the chosen Sum Assured or (b) ten times of the Annualized Premiums, or (c) 105 % of all the premiums paid or (d) Maturity Benefit or (e) Death Benefit.

At the commencement of the Policy, the Life Insured has a choice to pick any one of the following Death Benefit Payout options:

If insured, the beneficiary of the deceased will receive a death benefit following the insured's natural death.

Death Benefit: In case of death of the Life Insured during the policy term, the nominee receives the Death Benefit in a lump sum, which is computed as the highest of the folloDeath Benefit: In case of death of the Life Insured during the policy term, the nominee receives the Death Benefit in a lump sum, which is computed as the highest of the follodeath of the Life Insured during the policy term, the nominee receives the Death Benefit in a lump sum, which is computed as the highest of the folloDeath Benefit in a lump sum, which is computed as the highest of the following:

Option 2: Receive 50 % of the Guaranteed Death Benefit as a lump sum and 0.42 % of Guaranteed Death Benefit as monthly income for the next 10 years increasing at 8.50 % p.a. (simple rate) every year starting from the policy anniversary following the date of death of the life inDeath Benefit as a lump sum and 0.42 % of Guaranteed Death Benefit as monthly income for the next 10 years increasing at 8.50 % p.a. (simple rate) every year starting from the policy anniversary following the date of death of the life inDeath Benefit as monthly income for the next 10 years increasing at 8.50 % p.a. (simple rate) every year starting from the policy anniversary following the date of death of the life indeath of the life insured

Death Benefit: In the unfortunate event of death of the life insured, the nominee is entitled to receive the higher of the folloDeath Benefit: In the unfortunate event of death of the life insured, the nominee is entitled to receive the higher of the follodeath of the life insured, the nominee is entitled to receive the higher of the following:

The life insured will not be entitled to any of the benefits if death is caused directly or indirectly due to any of the following.

Death Benefit: In case of the death of the life insured, during the policy term, the nominee is liable to receive the Death Benefit, which is higher of the following but never less than 105 % of total premiums paid to Death Benefit: In case of the death of the life insured, during the policy term, the nominee is liable to receive the Death Benefit, which is higher of the following but never less than 105 % of total premiums paid to death of the life insured, during the policy term, the nominee is liable to receive the Death Benefit, which is higher of the following but never less than 105 % of total premiums paid to Death Benefit, which is higher of the following but never less than 105 % of total premiums paid to date:

The life insured will not be entitled to any accidental death benefit due to any of the following:

Death Benefits: If the insured passes away during the term of the policy, the nominee receives a lump sum Death Benefit, which is computed as the highest of the following:

For purposes of this section, the following amounts shall be treated as an amount paid by reason of the death of an insured: (A

For purposes of this section, the following amounts shall be treated as an amount paid by reason of the death of an insured: (A) Any amount received under a life insurance contract on the life of an insured who is a terminally ill individual.

On death of the Life Insured anytime during the term of the policy, the policy shall continue till the end of the Policy Term and the nominee shall get the following benefits:

If life insured dies before the maturity date, highest of the following would be paid as death benefit.

Following an accidental injury to the Insured / Insured Person, which results in Death or Permanent Total Disability, We will pay the Equated Monthly Installment (EMI) of the loan obtained through a Financial Institution or the Sum as specified in the schedule to the Policy

On death of the Life Insured anytime during the term of the policy, the nominee shall get highest of the following benefits:

In case of an unfortunate event of death of the life insured during the term of the plan, the nominee will receive the following: Sum Assured on death + Bonuses accrued as on the date of death.

In the event of death of the life insured, the beneficiary is entitled to receive following benefit: For Gold Option: The higher of Sum Assured less partial withdrawals # or Fund Value is payable, subject to a minimum of 105 % of the total premiums paid, as on the date of death.

Life Insurance Benefit: In case of the unfortunate loss of life of the life insured, provided the policy is in force and all due premiums have been paid; the beneficiary / nominee would receive the Sum Assured on Death which will be the highest of the following:

Life Insurance Benefit: The product offers Life Insurance benefit which is paid out in case of the unfortunate event of death of Life Insured and is the higher of the following:

In the event of death of the life insured, the beneficiary is entitled to receive following benefit: For Gold Option: The higher of Sum Assured less partial withdrawals #, Policy Account Value, or 105 % of the total premiums paid, as on the date of death.