Sentences with phrase «if the life assured»

For example, if a life assured is suffering from an elevated blood pressure, he is duty bound to mention this fact at the time of entering into a life insurance contract.

Where plan option is «Savings Plus», if the Life Assured is diagnosed to be suffering from any of the 35 Critical Illnesses, all future premiums that would otherwise have been payable under the base policy shall be waived for the remainder of the premium payment term

A life assured shall be regarded as terminally ill only if that life assured is diagnosed as suffering from a condition which, in the opinion of two independent medical practitioners ™ specializing in treatment of such illness, is highly likely to lead to death within 6 months.

If the life assured commits suicide within one year from the revival date, higher of 80 % of the premiums paid or the surrender value, if any, will be payable to the nominee or beneficiary / legal heirs.

Due to the accident, if the life assured suffers a total and permanent disability or if the accident causes a bodily injury such that it leads to the inability to perform any work or occupation to earn, 100 % rider benefit will be paid.

If the life assured dies during the grace period, Edelweiss Tokio Life will pay the death benefit, except the due premium till the date of death (if any).

In case of an accidental total and permanent disability or if the life assured is diagnosed with any of the listed 12 critical illness, the future premium will be waived.

If the life assured commits suicide within one year from the revival date of the policy, if revived, the higher of, 80 % of the premiums paid till the date of death and surrender value, will be payable as death benefit.

Suicide Exclusion: If the Life Assured commits suicide within one year from the risk commencement date or revival date, if revived, whether sane or insane at that time, the Company will limit the Death Benefits to the Fund Value as available on the death date and no insurance benefit will be payable.

Suicide: If the life assured commits suicide within one year from the date of inception of the policy, 80 % of the Premium paid will be payable to the nominee or beneficiary / legal heirs, provided the policy is in - force.

In Term Insurance, no benefit is normally payable if the life assured survives the term.

Having said that, if the life assured commits suicide within the first 12 months from the date of inception of the policy or the date of revival of the policy, then there is no payout.

If the Life Assured commits suicide within one year from the revival date of the plan, if revived, the higher of, 80 % of the premiums paid till the date of death or surrender value, will be payable as Death Benefit.

Suicide Exclusion: If the Life Assured commits suicide within one year from the policy commencement date, the policy will be void and only 80 % of the premiums paid will be payable as Death Benefits.

If the Life Assured commits suicide within one year from the revival date of the policy, if revived, 80 % of the premiums paid till the date of death, will be payable as Death Benefits.

If the Life Assured commits suicide within one year from the revival date of the policy, if revived, the higher of, 80 % of the premiums paid till the date of death and Surrender Value, will be payable as Death Benefits.

If the life assured suffers an accidental death, 100 % rider benefit will be paid in addition to the base sum assured.

Family income Benefit: Under this rider, 1 % of sum assured is will be paid every month for a guaranteed period of 10 years or till the end of the rider term whichever is higher, if the life assured dies due to the accidental death or becomes totally and permanently disabled due to an accident.

If the life assured commits suicide within one year from the policy issue date or reinstatement date, the nominee will be entitled to 80 % of the premiums paid, provided the policy is in force.

Extended Benefit if the life assured survives till the end of the policy term, the policy will continue till the life assured attains the age of 100 years.

Or what happens if both the Life Assured and the Nominee expires in the same event?

If the life assured commits suicide within 12 months from the date of inception of the policy, 80 % of the Premium paid will be payable to the nominee or beneficiary / legal heirs, provided the policy is in - force.

If the Life Assured, whether sane or insane, commits suicide within 12 months from the date of commencement or revival of the policy, nominee or beneficiary will receive 80 % of the premiums paid till the date of death, excluding taxes and underwriting extra premiums, if any, provided the Policy is in - force and we will not pay any insured benefit.

If the Life Assured dies in the 5th year from the inception of the policy, the effective sum assured is Rs. 1.25 crore @ 5 % p.a.

In case of an accidental total and permanent disability or if the life assured is diagnosed with any of the listed 12 critical illnesses, the future premium will be waived.

Vesting Benefit will paid to the life assured if the life assured survives the policy term.

For instance, if the life assured dies due to a road accident, under a standard term plan only the death benefit will be paid to the nominee.

Suicide Exclusion: If the Life Assured commits suicide within one year from the policy commencement date, the policy will be void and only 80 % of the premiums paid will be payable as the Death Benefits.

Family income Benefit: In this plan, 1 % of sum assured is will be paid every month for a guaranteed period of 10 years or till the end of the rider term whichever is higher, if the life assured dies due to the accidental death or becomes totally and permanently disabled due to an accident.

If the Life Assured commits suicide within one year from the revival date of the plan, if revived, the higher of, 80 % of the premiums paid till the date of death and surrender value, will be payable as Death Benefit

Suicide Exclusion: If the Life Assured commits suicide within 12 months from the date of inception of the policy, the nominee or beneficiary shall be entitled to higher of 80 % of the premium paid or Surrender Value.

For instance, if the life assured is diagnosed as suffering from a cancer of defined severity, a percentage of the policy sum assured, subject to applicable limits, is paid in lump sum.

Suicide Exclusions: If the Life Assured commits suicide within 12 months from the policy commencement date or revival date, whether sane or insane at that time, the Company will limit the Death Benefit to the Fund Value and no insurance benefit will be payable.

If the Life Assured commits suicide within one year from the revival date of the policy, if revived, the higher of, 80 % of the premiums paid till the date of death and Surrender Value will be payable as Death Benefit.

Maturity Benefit if life assured survives till the end of policy term (Available only with option 3 and 4)

If the life assured commits suicide within 12 months from the date of revival of policy, the policy shall terminate and an amount which is higher of 80 % of premiums paid till date of death will be payable.

Suicide Exclusion: If the life assured commits suicide within one year from the policy commencement date, the policy will be void and only 80 % of the premiums paid will be payable as death benefit.

However, if the Life Assured commits suicide within the first year of the date of reinstatement of policy, then TATA AIA iRaksha Supreme Term Insurance Plan would not pay any death benefit except the surrender value, if any, will be paid.

Suicide Exclusion: If the Life Assured commits suicide within one year from the policy commencement date, the policy will be void and only 80 % of the premiums will be payable as Death Benefit.

If the life assured commits suicide within twelve months from the policy inception date then automatically the contract comes to an end.

Suicide Exclusion: If the life assured commits suicide, whether sane or insane, within 12 months from the date of inception or revival of the policy, 80 % of the premiums received (excluding extra mortality premium) will be payable.

Policy Exclusions: The policy shall be void if the Life Assured (whether sane or insane) commits suicide at any time within 12 months from the date of commencement of risk and the Corporation will not entertain any claim under this policy except to the extent of 90 % of the single premium paid excluding taxes and any extra premium paid.

If the life assured has an accident caused by outward, violent and visible means and results in the death within a period of 180 days of the occurrence of the incident then this rider benefit shall be payable.

In the case of a reinstated Regular Pay or Limited Pay policy, if the Life Assured, whether sane or insane, commits suicide within 1 year from the date of reinstatement of the ICICI term insurance policy, the Company will refund 80 % of the premiums paid post revival till the date of death.

In case of suicide committed within 12 months of policy inception only 80 % of premiums paid are returned to the nominee if the Life Assured was aged more than 8 years.

If the life assures is less than 5 years, risk starts 1 yr.

Under this plan, if the life assured is deceased during the term of the policy, the life insurance cover double folds itself.

With the help of this rider, the nominee receives 100 % rider benefit sum assured, if the life assured passes away due to the accident.

Aegon Life TPD Rider (UIN: 138B010VO2)- The Sum Assured under this rider is paid out if the life assured become totally and permanently disabled.

Suicide Exclusion: If the life assured, whether sane or insane, dies due to suicide within 12 months from the date of inception of the policy (effective date of risk commencement) or the date of revival of policy, the policy shall terminate immediately.