Sentences with phrase «get sum assured»

Insurance21 Replied: 31-05-2017 00:13:31 As per your example, if death happens between 11th to 16th policy year, then policy holder's nominee will get sum assured + accumulated bonus up to year of death.

In case of unfortunate death of insured, his / her nominee would get sum assured as per policy document and as per the option chosen.

4) Who will get the sum assured value in case of policy holder death along with a nominee (e.g. in an accident)?

In case of the death during the policy term, the nominee will get a sum assured anywhere in between Rs. 5 lakhs to Rs. 1 crore and the policy will cease thereafter.

Also accidental death is covered by all companies wherein you get the sum assured and if you have taken an accidental death benefit rider you get additional sum assured.

if «X» included his wife in joint life term insurance (eg.bajaj allianz offering inclusion of wife) then wife of «X» died during pregnancy due to some jaundice or any other disease (in policy tenure of his husband), will «X» get sum assured amount?

If they could get the sum assured then it will be great help to them.

Yes you can have multiple life insurance policies, you will get the sum assured from all incase you die!

What is the procedure to get the sum assured amount in that case?

ON DEATH: On death of insured during the policy term, nominee will get sum assured on death, vested simple reversionary bonuses and final additional bonus, if any, shall be payable.

ON DEATH: If insured dies before 5 year during the term nominee will get SUM ASSURED, But if insured dies during the term or after five year nominee will get SUM ASSUERD + LOYALTY ADDITIONS.

ON DEATH: If insured dies during the policy term, then nominee will get SUM ASSURED on death.

ON DEATH: After the commencement of risk if insured dies, nominee will get SUM ASSURED on death and vested simple reversionary bonuses and final additional bonus, if any, shall be payable.

ON DEATH: If insured dies during the policy term, nominee will get SUM ASSURED and Loyalty Addition, if any.

ON MATURITY: On maturity at 25th year policy holder will get sum assured, vested reversionary bonuses, and final additional bonus, if any, shall be payable.

One has to buy a rider because in case there is a death before the product matures, then you will only get the sum assured and not the annual payouts on maturity.

But if Sagar dies during the policy term, his beneficiaries will get the sum assured (the amount of which varies from plan to plan) beside additional sum assured and accrued bonus.

Choosing to get your sum assured as monthly income eliminates this dilemma of your family.

Term Insurance Plans in India are best as they come with high risk coverage and low premiums and in case of unfortunate death of the life insured, the nominee would get sum assured.

I have a small shipping business so at times m out in the sea i informed them about this but m worried if any unfortunate happen to me then will my family get the sum assured.

Term insurance Plan is a simple insurance plan where if the individual insured dies, their family / nominee would get the sum assured.

On maturity you get sum assured with 10 % guaranteed addition along with accrued bonuses, if any.

If you miss any of them, in case of unexpected demise of insured, nominee can not would not get sum assured.

What you said is correct, nominee would get sum assured.

If one survives the term of a return of premium life insurance policy, they are likely to get the sum assured and the interest or bonuses earned over the period.

On maturity you get sum assured with accrued bonuses, if any.

Best Term Insurance Plans in India Term Insurance Plans in India are best as they come with high risk coverage and low premiums and in case of unfortunate death of the life insured, the nominee would get sum assured.

Accidental Disability Benefit — In case if a policy holder meets an accident and becomes disabled due to accident, this rider will help the person to get the sum assured amount, in instalments though.

After completion of policy term, one can renew the policy or get sum assured by terminating the policy.

You can get a sum assured starting from Rs. 25 lakhs up to a maximum of Rs. 100 crores.

The insured can get a sum assured starting from Rs. 2.5 lakhs up to Rs. 15 lakhs.

The nominee / s would get the sum assured or the fund value, whichever is higher, if something were to happen to Rakesh between 5 and 10 years from start of policy.

If the policyholder dies the nominee will get the sum assured plus all the bonuses accrued to date.

In case of sudden death, if all the due premiums are paid then family will get the sum assured value with the vested bonus accumulated.

Just imagine in case of unfortunate death, if your it is found that you had cancer and death is linked with that, then your family will not get the sum assured value.

In this case on diagnosis of any of these 4 critical illness like Cancer, Open Chest CABG, Heart Attack & Strokeas you will get the sum assured value as policy benefit.

Keeping in mind that you will get the sum assured at the time of death, you can also live to see the policy mature.

5) Like other policies on death of the insurer nominee will get the sum assured with the accrued bonus amount.

Exide Life New Creating Life Insurance Regular Pay: In this, your child will get the sum assured along with the benefits of accrued bonuses.

Generally subscriber will get a sum assured based on the policy covered amount in every fixed term (4 years, 8 years, 12 years, 15th years like this).

For example, if an individual buys a child plan as soon as his child is born, and pays approximately Rs. 72,000 per annum for 20 years, then his child would get a sum assured of Rs. 30 lacs post maturity.

Accelerated Sum Assured: This rider is helpful as it allows the policyholder to get the sum assured on being diagnosed with any of the specified critical illnesses.

For instance, if a non-smoker starts at an age of 25, then paying nearly Rs. 15,000 per annum can get him a sum assured of nearly Rs. 3 crores.

For instance, a 25 - year old non-smoker needs to pay an annual premium of Rs. 5,577 to get a sum assured of Rs. 1 crore, while the same policy would imply a premium of Rs. 7989 if the same person buys insurance at an age of 35 years.

However, if the insured dies during the tenure, his / her beneficiary becomes entitled to get the sum assured.

In case of the husband's death, the wife will get the sum assured of INR 50 lakhs.

For instance for a critical illness cover, all the insured needs to get the sum assured is a diagnosis.

However, in case the insured dies, the beneficiary will get the sum assured along with the bonuses.

This rider is helpful as it helps the insured to get the sum assured without having to keep paying the premium or having to wait for the whole term of the money back plan to get the insurance amount.

However, in case the insured dies within the policy tenure, the nominee will be entitled to get the sum assured along with bonus.