Sentences with phrase «get death sum»

In case of the unfortunate event of death of the life insured during the policy term, your nominee will get the death sum assured, which is the highest of:

Not exact matches

In sum, in the argument that a PVS patient ought to be sustained as long as possible I see the unhappy fruits of the three technological seductions I described above: death by «starvation» has now become our fault, not nature's, if we omit treatment; the distinction between omission and commission is erased in the insistence that the stopping of artificial feeding is the same as killing the patient and, as too often happens, a new technology gets legitimated and routinized by an invocation of the sanctity of life.

With lump sum payments you'll get the entire death benefit at once.

Hi Vipul, on maturity of ulip for Type 2 option on a ulip do you get funds value + sum assured or is it only in case of death of policy holder.

If the death benefit is worth $ 1 million, and you elect to receive an annuity that pays out 6 % per year, you have to wait almost 17 years just to break even with what you'd get from a lump sum.

Dear sir I am taking online plan but on company toll free no they tell me that in montly income plan policy we get sum assured at the insured person death & after that nominee also receive a monthly income for 10 years.

Please let me know that monthly income advantage plan offered by Max Life in which after paying 12 annual premiums will get a monthly income for next 10 years & get a lump sum amount (equal approximate the premiums paid in 12 years in the beginning) plus approx. 14.5 times death benefit for the entire policy term i.e. 22 years.

At your death, the nonprofit gets to keep whatever is left of the original sum.

Like any other Life Insurance, here also you will get assured sum after maturity and in case of death of the policy holder the nominee will be benefited by the amount.

Final expense insurance is a form of life insurance that you can get late in life, and helps you prepare for your death by providing for the cost of your death expenses, as well as providing a small sum of money to your beneficiaries.

If the death benefit is worth $ 1 million, and you elect to receive an annuity that pays out 6 % per year, you have to wait almost 17 years just to break even with what you'd get from a lump sum.

Under the added paid - up options the policyholders are allowed to get their paid - up additions using their bonuses which would accumulate in their plan making this plan an additional guaranteed assured - sum which is paid as maturity or death benefits.

Term insurance ensures that your family gets a large lump sum amount, i.e. sum assured after your death to lead a financially stable life.

Policy continuance Benefit — in case of eventuality one can get lump sum benefit immediately on death to ensure financial security or can get future premiums waived off and ensure all other benefits are payable to the beneficiary.

This is the only guaranteed part of the endowment policies that you will get the assured sum on the policy maturity date or before in case of early death of the insured.

For example, with the addition of an accidental death rider, you will get double the sum assured.

If you are traveling abroad and you get into an accident which results in your death, your family gets paid a lump sum of money.

It ensures that in case of death by accident, the beneficiary gets twice the sum assured stated in the original policy.

The family gets a lump sum upon the death of the parent, and the future premiums of the policy are paid by the insurance company on behalf of the policy holder.

But with riders, such as accidental death benefit and disability benefit, your family gets an additional sum, say in the case of death due to accident, and a steady stream of income for a long period, respectively.

In the event of your death your family gets a sum assured of 102 per cent of the premium amount or the value of units in the main account - whichever is higher - plus the value of units in the supplementary account.

Instead, he got a quote from Protective for $ 300 cheaper per year, which would also pay out a $ 500K death benefit, but not lump sum.

While auto insurance covers you in case, you get in an accident and health insurance covers your medical expenses if you go to the hospital, life insurance will provide your beneficiaries with a lump - sum payment in the event of your death.

Also, if you get diagnosed with a chronic disease like heart - attack, end - stage renal failure, cancer, stroke and major organ transplants, you will receive a lump sum amount from the insurer and can opt for a plan offering a partial as well as a complete death benefit.

Used to preach, buy term, invest the difference... But a permanent death benefit, cash values, tax free loans, tax free lump sum payment to beneficiary, privacy of beneficiary info, very difficult for others to get at your cash value, ability to fund very high amounts with tax benefits, cheaper while you are younger / healthy, paid up additions, Potential less premium with IUL and index gains potential, or Whole Life and pay more for insurance, but higher dividends...

Double accident benefit usually refers to a benefit in case of accidental death, whereby the claimant gets an additional amount over and above the sum assured.

Whenever a person possessing a life insurance policy passes away, his legal heirs are supposed to get a sum of money termed as Death Benefit.

[x] Whenever a person possessing a life insurance policy passes away, his legal heirs are supposed to get a sum of money termed as Death Benefit.

You pay one lump sum to get a paid up life insurance policy with a guaranteed death benefit.

In case of an unfortunate event of demise, your nominee will get the death benefit which is the higher of the sum assured or the fund value at that time.

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

Your nominee gets 105 % of sum assured along with bonuses (if any) as death benefits.

For example — if you have taken a basic policy of 30 lakhs sum assured and accidental death rider of 10 lakhs, your legal heirs will get 40 lakhs in case of death due to accident and 30 lakhs in case of death due to other reasons.

You will get a portion of sum assured value in case of unfortunate death and the rest amount will be paid as monthly income over 15 years.

Dear sir I am taking online plan but on company toll free no they tell me that in montly income plan policy we get sum assured at the insured person death & after that nominee also receive a monthly income for 10 years.

However, if the cause of death is other than accident then the insured will get the basic sum assured and the additional benefit will not be provided.

In case of an unfortunate event of the life insured's demise, the nominee will gets death benefit, which is the higher of the sum assured or the fund value at that time.

You would get a good sum assured at a lower cost and can safeguard your family from your untimely death.

Term insurance plans are designed to ensure that in the event of the policyholder's death, the family gets the sum assured (the cover amount).

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.

Of course, since it is a life insurance plans, you will get a «sum insured» value of Rs 25 lakh and death benefits of around Rs 50 lakh.

Means your family will get a sum assured life cover in case of your death and that's it.

Which means, in the unforeseen circumstance of parent's death, the child is not obligated to pay future premiums, gets the lump sum assured, and another payout at the time of maturity of the plan.

On his death, his family gets a lump sum death benefit of Rs. 90 lacs and the Policy terminates.

Example - If a person takes an Accident Death Benefit rider and he dies due to an accident, then the nominee can get up to twice the basic sum assured if the claim gets accepted.

This is the only guaranteed part of the endowment policy that you will get the assured sum on the policy maturity date or before in case of early death of the assured.

By splitting, I get all this benefits: Accidental Death and PTD sum insured 1Cr, TTD — 40K / W, Terror Act — 50Lac cover.

The insured will get a lump - sum along with bonuses on policy maturity or on death.

Life Cover: This is the most important benefit of life insurance where nominee of the policyholder gets a lump sum amount in case of an unfortunate death of the policyholder.

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.