As per the above table, it is clear that premium for lesser term is more than that for higher term and total premium to be paid not to be confused with sum assured as it is minimum amount to paid to nominee
in case of death of policy holder even single premium has been paid.
Endowment plan — This plan differs from term plan only in one aspect, the endowment plan makes a pay out
in case of death of policy holder as well as in case of the maturity of the plan term.
you have not considered that entire sum assured will be given to nominee
in case of death of policy holder dies any time before maturity without deducting the survival benefits already paid.
A pension plan is a plan in which you pay once and you start receiving pension at a pre-decided frequency (choice of yearly, half yearly, quarterly, monthly payout options) for life with a guarantee of return of full purchase
price in case of death of policy holder.
ON DEATH:
In case of death of policy holder during policy term, 10 % of Sum Assured will be provided to nominee every year till one year prior to maturity, and On maturity, 110 % of Sum Assured + Simple Reversionary Bonus + Final Addition Bonus will be payable as maturity amount.
In case of death of the policy holder, the company waives off the insurance premiums as well.
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.
In case of the death of the policy holder, all future premiums will be waived and a lump sum amount will be paid out
In case of death of the policy holder during the policy term, the Death Benefit which implies the Sum Assured on Death + Vested Simple Reversionary Bonuses along with Final additional bonus, if any, is payable to the nominee.
In case of death of policy holder, the fund value accumulated till date will be paid to nominee in case death before the date of commencement of risk.
In case of death of policy holder during the policy term, this policy provides 10 % of sum assured every year till maturity and on maturity it again provides 110 % of Sum Assured + Bonuses as maturity.
In case of the death of policy holder, annual income payments are made to the policy holder's family
In case of death of a policy holder during the policy term, future premiums are waived off and guaranteed annual payouts are payable to the nominee
In case of death of the policy holder, with beneficiary already deceased and there is no will, the Insurance Company will pay only to the Legal Heir of the Policy Holder.
In case of death of the policy holder, the company waives off the insurance premiums as well.
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: 27-04-2017 15:53:51 No,
in case of death of policy holder, his / her nominee will get death claim amount and policy will stop.
Insurance21 Replied: 27-11-2017 12:06:20 It means,
in case of death of policy holder, the deposited amount will be returned to nominee.
Insurance21 Replied: 01-12-2017 10:26:35 NO, It does not provide life insurance,
in case of death of policy holder paid amount excluding GST is return in option 6 and 10 only.
Insurance21 Replied: 26-01-2018 19:49:58 There is no provision that
in case of death of policy holder (Annuitant), his daughter gets annuity but same provision is available for spouse.
In case of death of policy holder before 15 years or date of maturity, 10 times of single premium paid (excluding Service Tax) + Loyalty Addition will be death claim amount.