Sentences with phrase «insured dies in an accident»

If the insured dies in an accident while he or she is a fare - paying passenger on a common carrier (e.g., airplane, train, or bus), this rider provides an additional death benefit equal to 100 percent of the original face amount or $ 250,000, whichever is less.

Under the Rider, an additional Sum Assured is paid in case the insured dies in an accident.

Accidental death benefit insurance is not usually included in a basic life insurance policy, so adding it to a standard policy as a rider will likely result in a somewhat higher premium; however, it will pay double the amount of the regular death benefit if the insured dies in an accident.

A Beneficiary is the person or persons who receives the Accidental Death and Dismemberment (AD&D) benefit if the Insured dies in an accident while insured under the policy.

If the primary insured dies in an accident, an additional 25 % of the death benefit will be paid as a part of the Accidental Death Benefit Rider which is included.

A provision in certain life insurance policies (also known as an accidental death benefit) that pays double the death benefit to a beneficiary if the insured dies in an accident or in another way as specified by the policy.

If the insured dies in an accident, their life insurance policy will pay out much more than the policy death benefit, often twice the listed amount.

Along with this, the plan offers an extra death cover in case of the life insured dies in an accident.

These life insurance policies do not ask any health questions or require an exam because the policy will only pay if the insured dies in an accident.

Thus, if the Life Insured dies in an accident within the policy tenure, then the nominee would get under:

You can add accident benefit option where equal amount of sum assured would be paid in case life insured dies in accident.

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.

Not exact matches

When someone is named a beneficiary and dies with the insured in a car accident or within a very short period of time (hours, not days, but that is driven by each state), then sometimes the money will go around that person and to the contingent beneficiary.

(1) The insurer shall pay a death benefit in respect of an insured person who dies as result of an accident,

the spouse of a person in respect of whom the insured person was a dependant at the time of the accident, if the spouse was the insured person's primary caregiver at the time of the accident and the person in respect of whom the insured person was a dependant at the time of the accident dies before the insured person or within 30 days after the insured person, or

(a) as a result of an accident in another province or territory of Canada or a jurisdiction in the United States of America, a person insured in that jurisdiction within the meaning of subsection (4) dies or sustains an impairment or incurs an expense described in section 15, 16 or 19; and

(1) The insurer shall pay a death benefit in respect of an insured person if he or she dies as result of an accident,

(1) If, as a result of an accident in another province or territory of Canada or a jurisdiction in the United States of America, a person insured in that jurisdiction dies or sustains an impairment or incurs an expense described in section 14, 15 or 16, the insurer shall pay, as the person may elect,

This rider offers an accidental death benefit that is equal to the policy's face amount — and pays out in addition to the whole life insurance benefit if the insured dies as the result of a covered accident.

If the insured dies due to an accident, as defined in this rider, beneficiaries will receive an additional death benefit.

If things don't go as planned, though, and the primary beneficiary (ies) predeceases the insured, or dies at the same time as the insured, for example in the case where a husband and wife are killed together in an accident, then the contingent beneficiary (ies), also known as secondary beneficiary, receives the funds.

The component of your auto insurance which covers the insured in the case of them dying from accident related injuries, in which case the auto insurance coverage may provide a payment to the insureds designated beneficiary.

If the insured dies as a result of accident related injuries, this protection will cover a portion of the funeral costs regardless of who was at fault in the accident.

What if both the insured and beneficiary died at the same time, or together in a shared accident?

The Uniform Simultaneous Death Act — Enacted in 1940 this act allows a court to decide which individual outlived the other in the event that the insured and primary beneficiary died in the same accident and no proof exists of who lived longer.

For example, if an insured dies from injuries sustained in an accident, the death must occur within a specified period for benefits to be paid.

This can increase the amount of death benefit coverage that is paid out to the beneficiary, provided that the insured dies as a result of injuries that were sustained in a covered accident.

Another portion of the coverage is an accidental death benefit that will pay out an additional amount of death benefit in the event that the insured dies due to a covered accident.

The accidental death or double indemnity rider pays the beneficiaries twice the face value of a life insurance policy in the event the insured dies as the result of an accident.

Accidental death coverage provides payment to the insured's designated beneficiary in the event that someone who is covered on that auto insurance policy dies from accident - related injuries.

If the insured person gets into an accident (while in plane for example), and either loses hand, foot, eye etc. or dies, the insurance company will pay the benefit amount.

An insurer probably won't look into a claim when the insured dies in a car accident, for instance.

Payouts vary, depending on the severity of the injuries, the type of medical care a person receives for an injury and in some cases if the insured dies as a result of a covered accident.

Therefore, in this type of plan, the life insurance benefit payout would essentially be doubled if the insured dies as the result of a covered accident.

This rider pays an additional amount on top of the regular death benefit if the insured person dies in an accident.

The company's health insurance products consist of accidental injury insurance which provides benefits if insured is injured or dies from an accident; cancer insurance which assists in paying costs related to cancer treatment and recovery; critical illness insurance which offers lump - sum benefits upon the diagnosis of a critical illnesses, such as cancer, heart attack, stroke and kidney failure; heart / stroke insurance which pays indemnity benefits for a range of treatments, services and expenses in the event of a heart attack or stroke; hospital insurance which helps pay costs associated with hospital care, including emergency room visits; and Medicare supplement which protects against the expenses not paid by Medicare.

The New York No - Fault Law also mandates that insurers provide an additional $ 2,000 death benefit, on top of the $ 50,000 limit, for the beneficiary in the event that the insured driver dies in an accident.

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

This way, the nominee will receive extra funds in addition to sum assured if the insured dies due to an accident

A clause present in many life insurance policies, an aviation exclusion states that the death benefit becomes void if the insured dies as a result of an aviation - related accident while not on a regularly scheduled flight.

If for instance, an insured who works as a driver for highly flammable materials encountered an accident and died therefrom, his beneficiaries may receive additional payment from the employer but not from the insurance provider because the work is considered hazardous and excluded in the coverage.

If the insured person is disappeared following an accident for 12 months, it shall be deemed as died in such accident and an amount equal to accidental death benefit is paid.

And, usually the insured must die within a certain amount of time of the accident, such as, within 6 months of the accident that caused death, in order for an accidental death plan to pay out a death benefit.

During this period of time, the life insurance policy will pay out in full in the event that the insured dies from an accidental cause (such as: slip and fall, motor vehicle accident, victim of crime, etc, etc...) but the policy will not cover the insured in the event of an natural cause of death during that first 2 year period.

Accidental death insurance applies only to situations where the named person dies in an unpredictable way, which could include a mechanical malfunction, a car accident or some other situation where the death of the insured person was completely outside of that person's control.

If this rider is in - force when the insured dies due to an accident, as defined in this rider, an additional death benefit will be paid.

Dismemberment benefit is paid if the insured dies or loses his limbs or sight in the accident.