Sentences with phrase «insured dies»

If the life insured dies during the term, the death benefit will be paid to the beneficiary.
Benefits are not payable under the policy for any covered stage of cancer or if the life insured dies within 6 months of the policy coverage commencement.
You can add accident benefit option where equal amount of sum assured would be paid in case life insured dies in accident.
If life insured dies before the maturity date, highest of the following would be paid as death benefit.
But if the life insured dies as a passenger in a private plane insurance company will not entertain the claim.
In case life insured dies before 28 days, no claim would be paid.
If the life insured dies due to suicide within one year of plan commencement, 80 % of the premiums paid are refunded.
If the named insured dies from natural causes, there is no coverage under this rider.
This clause states that if the life insured dies while traveling in a private plane as a passenger, the insurance company is not liable to entertain the claim.
If the person insured dies during the term, then the beneficiary listed will receive the death benefit.
If the specified insured dies prior to age 65, or while monthly deductions are being waived for disability, all future monthly deductions will be waived.
And most have a 5 - 10 % return on top of premium paid if the primary insured dies in the first two years of natural causes.
If the named insured dies from natural causes, there is no coverage under this rider.
What happens if the proposed insured dies before the policy issue date?
First to Die — With a first - to - die policy, the plan will pay out a death benefit when the first covered insured dies.
However, when the main insured dies, the full sum assured is paid to the beneficiaries.
Also, waiver of premium is important because then the insurance continues even if the parent insured dies.
This will provide you double the coverage amount of up to a max of $ 300,000 if the policy insured dies within 180 days of an accidental incident.
In the event of the person insured dying during the policy term and while the premiums are being paid, nominated beneficiaries will receive the sum insured.
This exclusion states that if the life insured dies as a passenger in a private plane, the insurer will not entertain the claim.
Along with this, the plan offers an extra death cover in case of the life insured dies in an accident.
If the life insured dies due to suicide within one year of plan commencement or revival, the premiums paid are refunded.
The benefits of the policy are paid only when the life insured dies while traveling in a commercial plane crash.
This type of policy only pays a death benefit if the person who is insured dies from accidental causes.
Also, life insurance only pays out if the person insured dies.
This can usually be obtained through the county in which the named insured dies.
The policy will only pay out if the life insured dies during the term of the policy.
At the expiry of the policy the cover ceases to exist; i.e. if insured dies after the tenure, or in other words, survives the policy tenure, nothing is payable to the insured or his / her dependents.
Reimbursement of the expenses incurred for transportation of the mortal remains of the insured person from the hospital to the place of residence, when insured dies in hospital while under treatment.
On Death (after expiry of the policy term): If insured dies after expiry of policy term basic sum assured shall be payable.
Spouse Double Tragedy — Should both the spouse and insured die because of an accident within the same 24 hour period, the spouse coverage will increase to 100 % of the base benefit.
Following are the benefits under this plan in case Insured dies before the maturity.
In such a case, the joint insurance policy would pay a death benefit after the last insured dies.
The death benefit is paid after the second insured dies.
Families will have help in meeting current and future financial obligations after insured dies including:
If, however, the senior insured dies after owning the policy for longer than two years, and then the beneficiary would be able to receive the full amount of the death benefit that is stated in the policy.
If the life insured dies who has a plan without cover, you will need to submit policy documents, claim intimation form, documents of life insured including address proof, photo, and ID proof, medical records, and passbook.
Term insurance Plan is a simple insurance plan where if the individual insured dies, their family / nominee would get the sum assured.
No benefit is payable if Person Insured dies within 30 days from the date of diagnosis
ON DEATH: If insured dies during the the policy term his / her nominee will get 125 % of the basic sum assured or 10 times the annual premium (whichever is higher) + simple revisionary bonus and final addition bonus (if any).
Kotak Accidental Death Benefit Rider (Linked): If the life insured dies as a result of an accident, this rider pays the Rider Sum Assured in addition to the Death Benefit
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.
If the life insured dies due to suicide within one year of plan commencement or within one year of revival of a lapsed policy, 80 % of the premiums paid are refunded.
Level Term Rider Proceeds of this rider are payable to the beneficiary upon receiving proof that the person named as Covered Insured died while his or her coverage under this rider was in effect.
Caution: that means that if the primary insured dies before the 2 year graded death benefit limitation has ended, the policy will not pay out for natural causes.
However, if insured dies in accident he would get death benefit of RS 10 Lakhs + accidental deah benefit of RS 10 Lakhs totalling to RS 20 Lakhs.
When / if the primary insured dies during the life of the policy than the death benefit will be paid to the beneficiary.
If the life insured dies after attaining 60 years, any partial withdrawals made after crossing 58 years of age would be deducted from the Sum Assured.
I have assumed a natural termination when the last insured dies.
It is different from traditional life polices in that it insures the lives of two people (typically married) under a single policy and pays out the death benefit only after the second insured dies.
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