Sentences with phrase «insured dies within»

Typically the coverage (face value) will be limited to $ 25,000 and there are also a few limitations in terms of payouts, in case an insured dies within the first 2 years.

Typically the coverage (face value) will be limited to $ 25,000, and there are a few limitations in terms of payouts (in case an insured dies within the first 2 years).

Life insurance that generally offers no cash value feature payable to a beneficiary when an insured dies within a specified period.

Death Benefit: If the life Insured dies within the policy tenure, future premiums are waived and the maturity benefit is payable as per schedule.

Whereas, in case of term insurance policies, the family receives the death benefit only if the insured dies within the duration covered.

However if the Life Insured dies within waiting period then 100 % of the premium paid since the date of commencement or reinstatement of policy (as the case may be) excluding all applicable taxes, cesses and levies as imposed by the Government is payable.

is a unit linked insurance plan (ULIP), such that if the Life Insured dies within the policy tenure, the nominee would receive both the Sum Assured and the Fund Value as Death Benefit.

However, if the Life Insured dies within the Policy Tenure, the nominee would get 25 % of the of the Sum Assured + accrued Reversionary Bonus is paid as Immediate Death Benefit and the policy continues.

However, if the Life Insured dies within the Policy Tenure, then the Sum Assured is paid as Immediate Death Benefit.

However, if the Life Insured dies within the Policy Tenure, higher of 10 times the Annualized Premium or the Sum Assured + accrued Bonuses would be paid to the nominee as Death Benefit and the policy terminates.

HDFC Pro Growth Super II Plan is a unit linked insurance plan (ULIP), such that if the Life Insured dies within the policy tenure, the nominee would receive both the Sum Assured and the Fund Value as Death Benefit.

§ In case the Life Insured dies within the Policy Tenure, higher of 10 times the Annualized Premium or the Sum Assured + accrued Bonuses would be paid to the nominee

As an example, on some of these plans, if the insured dies within the first two years of coverage, the named beneficiary will only be able to receive a return of the policy premiums as versus the death benefit amount.

In case critical illness is purchased as a rider on the life insurance, and the insured dies within the waiting period, then only the death benefit would be payable.

A whole - life plan pays the nominee in case of death till the age of 99 years, while a term plan pays the nominee only if the insured dies within the policy term.

In this plan, if the Life Insured dies within the policy tenure then his nominee would receive Double or Triple the Sum Assured (according to the variant opted for) + accrued Bonus.

There is Double Death Benefit in this plan, such that if the Life Insured dies within the policy tenure, the nominee would receive the Sum Assured + the Fund Value as Death Benefit.

In this plan, if the Life Insured dies within the Policy Tenure, the nominee would receive the Death Benefit under:

Joint Life - If any one of the 2 Joint Life Insured dies within the policy tenure, the prevailing Sum Assured as on the date of death would be paid out and the policy will automatically continue on the life of the other person with a reduced premium.

A term policy only pays off if the insured dies within the term.

- In case the life insured dies within the policy tenure then the prevailing sum assured as on the date of death will be payable as Death Benefit to the nominee and the policy will terminate immediately.

In this plan, if the Life Insured dies within the policy tenure then his nominee would receive Triple the Sum Assured + accrued Bonus.

However, if the Life Insured dies within the policy tenure, higher of Fun Value or Sum Assured is paid to the nominee as Death Benefit and the policy terminates.

: Where 50 % of the Sum Assured is paid to the nominee as an Immediate Death Benefit if the Life Insured dies within the policy tenure.

: Where the Sum Assured is paid to the nominee as the Death Benefit if the Life Insured dies within the policy tenure and the policy terminates.

However, if the parent i.e. the Life Insured dies within the policy tenure, the nominee or the child would receive the Sum Assured as Death Benefit and the future premiums would be paid by the insurer such that the Fund Value is paid as the Maturity Benefit to the nominee when the policy matures.

However, if the Life Insured dies within the Policy tenure, the higher of the Sum Assured or the Fund Value is paid to the nominee as Death Benefit

One is Death Benefit, where the beneficiaries will receive a lump - sum amount if the life insured dies within the policy tenure.

However, if the Life Insured dies within the policy tenure, then the Death Benefit would be paid and the policy would terminate.

This policy offers Double Death Benefit of Sum Assured + Fund Value if the Life Insured dies within the policy tenure.

This means that if the insured dies within three years of creating the ILIT the benefit will go back to the insured's estate and be subject to the very estate taxes that there was an attempt to avoid.

Term life insurance pays only if the insured dies within the defined term, such as 10, 20 or 30 years.

Senior Tribute 2 is a modified death benefit, where if the insured dies within three years of the policy, the premium paid to the beneficiary will equal the contribution plus the 10 percent interest.

If the insured dies within that 31 - day period, the group policy coverage would still provide a death benefit to the beneficiary.

If the insured dies within that time period, the death benefits will be paid to the survivors of the policy.

If the insured dies within five years of buying the policy, their coverage will pay out the death benefit.

Death benefit: If the insured dies within the coverage period, then the sum assured may be payable to their own family or nominee.

Death Benefit: The policy covers the insured till 100 or 85 years of age and in case the insured dies within policy term, the nominee shall be eligible for a sum assured payable on death that is higher of sum assured on maturity or 11 times annualized premium or 105 % of all premiums paid till the date of death

If the insured dies within that set time, death benefits will be paid to the beneficiaries.

Term life insurance will only payout benefits to the named beneficiaries if the insured dies within the period term.

life assurance, usually low in cost and offering no cash value, that provides for the payment of a specified sum of money only if the insured dies within a stipulated period of time

If the insured dies within a valid policy term, the beneficiary will receive the intended death benefits.

This is purely a term plan whereby in case the insured dies within the policy tenure, the nominee gets the sum assured or the death benefits.

Death / Accidental Total Permanent Disability: If the insured dies within the policy term or gets accidental total permanent disability (ATPD), he will be eligible for the higher of sum assured plus non-guaranteed revisionary bonuses and terminal bonuses, if any or 105 % of all premiums paid as on date of the death.

If the life insured dies within the policy tenure, the death benefit is paid to the nominee and the policy terminates

Moreover, if the insured dies within the tenure of the policy, then the nominee gets to receive the death benefits.

Only Sum Assured would be paid if the Life Insured dies within the first 5 policy years of the LIC Bima Bachat plan

If the insured dies within the grace period, then, death benefits under the plan shall be payable which is the complete sum assured after making applicable deductions of the premiums due.

And if the Life Insured dies within the policy tenure, the death benefit is paid to the nominee but the policy does not terminate immediately.

If the life insured dies within the policy tenure, the entire Sum Assured + accrued Bonuses would be paid to the nominee as Death Benefit