Sentences with phrase «insured dies during the term»

The policy pays benefits only if the insured dies during the term.

If the life insurance premium has been paid for a minimum term of two years, and if the insured dies during the term of the life insurance policy.

The policy pays benefits only if the insured dies during the term.

Life — Endowment - insurance that pays the same benefit amount should the insured die during the term of the contract, or if the insured survives to the end of the specified coverage term or age.

If the life insured dies during the term of this LIC online term plan chosen by him at the starting of the plan, the death benefit is paid which is equal to the Sum Assured chosen by the policyholder at the time of inception of the policy

A life insurance policy is designed to pay out a cash lump sum if the person (s) insured dies during the term of the plan; this will guarantee that the beneficiaries will not be faced with financial difficulties even though they now face a loss of income.

The rider benefit promises to pay an extra amount which is the rider Sum Assured in case the insured dies during the term of the LIC term plan.

The policy pays death benefits only if the insured dies during the term, which can be one, five, ten or even twenty years.

If the person insured dies during the term, then the beneficiary listed will receive the death benefit.

The longer the term, the more expensive the policy may become since it covers a longer time span, so the risk of the insured dying during the term will increase.

If the insured dies during the term, the beneficiary — usually the spouse and / or children — receives a tax - free benefit payment.

If the insured dies during the term, their beneficiaries are paid the amount of the policy.

The policy will only pay out if the life insured dies during the term of the policy.

Beneficiaries get paid from term life policies face value if the insured dies during the term.

If the insured dies during the term period, the death benefit will be paid to the beneficiary according to the terms of the contract.

Term life insurance works by paying out the death benefit if the insured dies during the term.

If the insured dies during the term, the beneficiaries will receive the death benefit regardless of the cause of death, except in the case of suicide.

Step 3 — if the life insured dies during the term of the plan, the death benefit is paid to the nominee in lump sum.

Lump sum benefit and monthly income at the increasing annual rate of 10 % is payable to the nominee if the insured dies during the term period.

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.

Term Insurance is a type of life insurance only, a byproduct that implies financial coverage provided to the policy holder for a particular time period; if the insured dies during the term then death benefits are paid to the beneficiary but it ceases if one outlives the set term of the policy.

They pay out sum insured in - case the insured dies during the term of the policy.

In an endowment policy, if the insured dies during the term of the policy, the nominee receives the sum assured plus the bonus or participating profit or guaranteed additions, if any.

If the insured dies during this term, the death benefit is paid to the nominee.

(If the insured dies during the term, beneficiaries receive the death benefit without any premium return.)

A term policy pays a benefit only if the insured dies during the term.

That is, the beneficiary collects the proceeds if the insured dies during the term of the policy.

In case the insured dies during the term of the policy, the lump sum payout is given to the nominee apart from the money backs also known as survival benefits.

The death benefit is payable if the life insured dies during the term of the policy provided the policy is premium paying.The death benefit payable to the nominee is equal to the death sum assured under the policy.Death Sum Assured is defined as the higher of 10 times the Annualized Premium OR 105 % of all the premiums paid as on date of death of the Life Assured, OR Guaranteed Maturity Benefit (i.e. Basic Sum Assured), OR Absolute amount assured to be paid on death (i.e. Basic Sum Assured).

ON DEATH: If insured dies before 5 year during the term nominee will get SUM ASSURED, But if insured dies during the term or after five year nominee will get SUM ASSUERD + LOYALTY ADDITIONS.

Not exact matches

Term life insurance provides affordable coverage for a defined period of years, with its primary purpose to replace income or help pay off outstanding debts if the insured dies during that time.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

Because your prospective insurance company wants to get an idea of how risky you are to insure — or, to put it bluntly, how likely you are to die during your policy's term.

Term premiums are inexpensively priced, because the insured is not expected to die during the term perTerm premiums are inexpensively priced, because the insured is not expected to die during the term perterm period.

Immediate (again term usage varies by carriers) benefit means exactly what the term implies: Once approved the full amount of the policy is immediately in force and will be paid in its entirety should the insured die during the policy's active period.

The higher a risk you are to insure, the more likely you'll die during the term of your policy, and the higher your premiums are going to be.

Term life insurance policies pay the beneficiary the face amount of the life insurance policy if the insured person dies during the term of the polTerm life insurance policies pay the beneficiary the face amount of the life insurance policy if the insured person dies during the term of the polterm of the policy.

If the insured dies at any point during the term, the full value of the death benefit will be given to the beneficiaries.

For example, a 15 - year term life policy with a face amount of $ 250,000 would pay $ 250,000 to the beneficiary if the insured died any time during those 15 years.

It is the cheapest form of life insurance since it only pays the death benefit if the insured person dies during the specified term period.

The death benefit is paid to the beneficiary if the insured person dies during the one year period of time in which they term lasts for.

The death benefit would be paid by the insurance company if the insured died during the one - year term, while no benefit is paid if the insured dies one day after the last day of the one - year term.

The higher a risk you are to insure, the more likely you'll die during the term of your policy, and the higher your premiums are going to be.

In simple terms life insurance pays out a lump sum amount to the nominee in - case the insured dies during the policy term.

Typically when you apply for life insurance, you go through the full underwriting process, where you'll be classified based on how risky you are to insure (that is, how likely you are to die during the life insurance policy's term).

A pure risk plan which provides benefits only if the insured dies during the chosen term of the plan.

Term plans promise the insured a lump sum benefit which will be payable to his nominee if the insured dies any time during the term opted by Term plans promise the insured a lump sum benefit which will be payable to his nominee if the insured dies any time during the term opted by term opted by him.

Also called classifications, a life insurance rating is essentially a measurement of how risky you are to insure, based on how likely you are to die during your policy's term.

The Max Life term plan has an inbuilt Accidental Death Benefit Rider which states that if the insured dies due to accident during the term of this Max Life term plan, an additional death benefit will be paid to the nominee.