Sentences with phrase «insurance till the death»

Not exact matches

Life insurance policy is a contract between the insurers or insurance provider wherein a lump sum amount is promised as a death benefit to the beneficiary in the event of the policyholder's death, provided the policy was active and the premiums were paid till the insured's death.

Whole - Life Plan — insurance company collects premium from the insured till the retirement or the term of the policy and pays the claims to the nominees only after the death of the insured person.

Till then all we can do is use the overall death claims ratio, which need not necessarily be a good indicator when deciding on our a term insurance plan, like you saw in the example above.

A life insurance policy would terminate once you die, but a child plan would continue till the time you had originally wanted it to continue, even after your death.

The premium waiver is particularly important as in case of the death of the parent, the insurer waives off future premiums while continuing to fund the insurance policy till maturity.

Some people seem to think of term life insurance as a kind of a marriage, holding on to the policy in sickness and in health, till death do they part.

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.

The death benefit under this Reliance term insurance plan will be calculated as the higher of the Sum Assured or 10 times the annual premium or 105 % of all premiums paid till the date of death.

DHFL Pramerica Family Income Plan is a decreasing term plan offered by DHFL Pramerica Life Insurance wherein the death benefit may either be payable in a lumpsum to the nominee or in equal monthly installments till the end of the policy tenure.

Pure Whole Life Insurance: where premiums are payable continuously throughout the life of the insured till death.

An agreement under which the Insurance Company makes periodic payments during the survival of the annuitant (s), till death or for a specified period.

Now, the payout from the insurance company in the event of death till the age of 60 is same for both the plans i.e. the nominee gets Rs 1 crore.

The death claim will be kept in abeyance till the legal heir proves his legal identity to the satisfaction of the Insurance Company.

So, while maturity benefit is paid out at a certain age, say 80, even if the insured person lives to say 90 years, insurance cover will remain active till he is alive, and when he dies, his nominee gets the death benefit.

A few insurance companies have come up with certain term plans that don't offer death benefits, but offer to pay back a part of or the complete premium paid till the time of death.

This insurance company pays the policy proceeds to your nominee in the event of your death during a policy term, but if you survive till the maximum maturity age the company will provide the maturity benefit as well.

In case of an unfortunate event of death of the Life Insured during the Policy Term, the sum of benefits will be payable to the nominee which is Basic Life Insurance Cover + Accrued Non-Guaranteed Annual Simple Reversionary Bonus + Non-Guaranteed Terminal Bonus accrued till death.

It is true that a pure life policy, such as a term life insurance does not provide returns, in case of your survival till end of the policy term, but this policy is aimed to getting an insurance cover that becomes helpful in the event of your death (life insured).

So, if an insurance policy states a death benefit will be higher of 10 times the annual premium or 105 % of the total premiums paid till date or the sum assured, that will be first calculated to arrive at the sum assured on death and then the formula for paid - up sum assured will apply on this base sum assured.

In case of death of the any insured member the Sum Assured as per certificate of insurance shall be payable and contract will continue on 2nd life till death of 2nd life or expiry of policy term for that member whichever is earlier.

Departmental health Insurance cover available till death.

Hello Sachin, In case you apply for the policy (premium paid) and later decide to discontinue due to premium being increased, the company may deduct charges for 3 things: 1) Medical Examination Cost 2) Stamp Duty Charges (if already paid)-- Stamp Duty is applicable in case of Life Insurance Policies 3) Mortality Charge (cover for risk of death) for Life Insurance cover offered till the time of cancellation of the policy.

Till about some years back, insurance companies offered simple term plans wherein policyholder paid regular premiums throughout the plan tenure and got cover till 60 — 65 years and the claim was paid if death happened during the plan tenTill about some years back, insurance companies offered simple term plans wherein policyholder paid regular premiums throughout the plan tenure and got cover till 60 — 65 years and the claim was paid if death happened during the plan tentill 60 — 65 years and the claim was paid if death happened during the plan tenure.

All life insurance policies covering burial expenses should be permanent life insurance, meaning that the coverage exists till death.