Sentences with phrase «gets after the death of the policy holder»
Types of Life Insurance The amount of claim benefits a beneficiary gets after the death of the policy holder varies on the type of policy he or she purchased.
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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.
These details do not get updated in case of death of parents or after marriage of the policy holder.
But wait there is an exception to this, if it is found by the insurance company that the policy holder was intoxicated or was under the influence of any drug or narcotic substance while driving or was involved in a crime or escaping after breaching any law which caused accidental death then pay - out may get rejected.
In case of death before the commencement of risk, policy holder's family will get the paid premiums till date after deducting taxes, extra premium and rider Premiums (if any).
Like other plans here also you will get assured sum after maturity and in the case of the death of the policy holder the nominee will be benefited by the sum assured amount.
Insurance21 Replied: 28-11-2017 19:13:06 In option 6, the purchase price is returned to the nominee of the policyholder in case of policy holder's death whereas in case of option 10, after policy holder's death his / her spouse starts getting same pension as long as he or she is alive and In case of spouse death nominee gets the purchase price returned..
Insurance21 Replied: 16-06-2017 09:46:42 In New Jeevan Anand 815, in case of death after maturity, policy holder's nominee will get an amount equal to sum assured as death claim amount.
In option 10, after death of policy holder, his or her spouse gets the same pension amount where as this benefit is not avalable in option 6.