Sentences with phrase «higher sum insured»

1) You may go for higher sum insured without riders with Click2Protect from HDFC Life.

If you have dependents, invest in a term insurance at an early age so that you can get a higher sum insured for lower premium.

The representative of Apollo Munich Health Insurance said «The tax exemption limit on the health insurance would go a long way in motivating the people to consider higher sum insured policies to confront the increasing medical cost.

This also helps meet the need for higher sum insured.

If a travel cover is the only insurance cover you have, make sure you opt for a higher sum insured.

Therefore, portability request from a customer who wants to port out a single member from a floater cover with a higher sum insured than what is available under the existing policy is likely to get rejected.

No, a higher sum insured doesn't mean you will get a higher claim settlement.

Suppose Mr Mehra already holds a health plan having a sum insured of Rs. 3 Lakh, which is nearing renewal date, and wants to switch to another insurer for a higher sum insured of Rs. 5 lakh.

There are many insurance companies that provide optional personal accident cover of higher sum insured on paying an additional premium.

If the policyholder can afford it, he can go in for a higher sum insured.

«There exists a specific customer segment that would prefer to avail health care treatment overseas; since cost for this would obviously be higher than in India, it is evident that they would need a higher sum insured to adequately finance their requirements,» says Anuj Gulati, managing director and CEO, Religare Health Insurance.

The plan primarily offers two alternatives - a policyholder can either choose a higher medical reimbursement benefit under the policy or can opt for a higher sum insured.

Policyholders would be left with a higher sum insured as balance to take care of future claims.

If you have dependents, invest in a term insurance at an early age so that you can get a higher sum insured for lower premium.

There are some instances where a home insurance company can refuse to settle your claim even if you have a high sum insured or settle the lesser amount.

No matter whether you go for high sum insured or low, it will be quite enough to offer you proper coverage.

As senior citizen health insurance often have limited sum insured options, choose the policy with the highest sum insured limit to stay protected from spiraling medical costs.

In health, for instance, they also look for high sum insured policies covering critical illness and accidental injuries or providing unique cover for instance cost incurred for air ambulance.

Step - down option: Similarly in case you feel you do not need high sum insured, you can reduce it with step - down option with some terms and conditions.

It was because of the high sum insured I had taken this policy.

Not exact matches

Death Benefit: In case of death of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highest of:

Because of high building costs, it will cost Johnny $ 600,000 to rebuild, which is more than the sum - insured on his policy.

If you have a sum insured policy the amount you will be paid has already been agreed, so if you suffer a total loss your claim can typically be settled once the insurer has confirmed your loss - however there is a higher risk of underinsurance.

The plan also offers discounts on premium for higher sum assured and additional discount on the lives of women insured.

Type I ULIP - In case the insured dies, the nominees are paid either the sum assured or the fund value, whichever is higher.

A family health insurance normally has a higher premium since the sum insured is higher and covers the whole family.

The cover amount of our ULIP plans is the sum insured or the market value of the investment, whichever is higher.

This is usually the sum insured or the market value of the investment (fund value), whichever is higher.

Like the ICICI plan the premium for this plan is slightly higher than the usual market rate, however in case of untimely death of the insured during the coverage period, the sum assured will be paid out in full to the beneficiary.

Chola MS Topup Healthline Insurance Plan — this is a health insurance plan that provides additional coverage for higher medical expenses on a floating sum insured basis or individual sum insured basis.

Indemnity insurance compensates the policy holder for the actual financial losses, even if the actual sum insured of the policy is higher.

Understanding the need to financially protect you in times of health crisis, Birla Sun Life Insurance comes to your rescue with its Health & Wellness solution plans.The health and wellness plans are curated to insure you and your family with high sum at affordable premium rates.

So, in case the insured dies while the policy is active the beneficiary can claim complete or at least the guaranteed maturity sum whichever is higher., The guaranteed maturity value is calculated based on gender, age, tenure and amount of premium.

In the return of premium option, in case of the death of the insured with less than 45 years, highest of - the sum assured or 125 % of the single premium is paid or minimum guaranteed sum assured on maturity is paid.

If the insured dies after 45 years of age, highest of — sum assured, 110 % of the single premium, minimum guaranteed sum assured is paid on maturity

On the death of the insured the nominee is paid the sum assured which is higher of the sum assured or 1.25 times the single premium or 10 times the annual premiums.

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.

In case of death of the insured during the policy period, higher of the base sum assured or 105 % of the total premiums paid plus guaranteed additions on the amount of the premiums are offered to the nominee

Especially when it is a pure protection plan like TERM INSURANCE offering higher sum assured at a nominal cost and where the insurance company has to pay a death benefit in case of insured dies during the term of a policy.

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.

In case of death of the insured during the policy period, death benefit is paid to the nominee which is highest of — 10 times of annualized premium (7 times for ages more than 45) or 105 % of all the premiums paid till the death of the insured, sum assured

At the time of maturity, the insured can avail higher of the sum assured including bonuses or 101 % of the total premiums is guaranteed to be paid

Death benefits - in the case of the demise of the insured, the payment made will be higher of; chosen assured sum, or 10 times amount of annualized premiums or 105 % of all premium submitted, or maturity benefits.

The single premium or premium for only a part of the policy tenure are higher sums than the yearly payments but provide the assurance that once they are taken care of, the insured person will not have to worry again about the premium for the Term insurance return of payment plan.

On the unfortunate death of the insured person, the beneficiary is provided with the death benefit that is higher of the fund value and the basic sum assured.

If the insured opts for a high sum assured, he gets to enjoy discount in premium.

So despite the sum assured being much higher, the Insured would have to pay 92,000 out of pocket.

On life insured's demise, higher of the basic sum assured or the fund value or 105 % of the total premiums paid is payable to the nominee.

The life insured dies before the age of 60 years, the sum assured will be higher of the sum assured amount and the total fund value till date (having deducted all the withdrawals made within two years before death).

If the insured dies then higher of the sum assured or ten times the annual premium or 105 % of the total paid premium is payable + accrued reversionary bonuses and Terminal Bonus is also payable if any.