Sentences with phrase «insured during the policy term»

In case of unfortunate event of death of the Life Insured during the Policy Term, the following benefits will be payable to the Claimant, subject to Policy being in force.

In the event of death of the Life Insured during the Policy Term, subject to the policy being in force, the Death Benefit payable shall be equal to the Sum Assured on death.

Death Benefit: In case of death of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highest of:

In case of death of the Life Insured during the Policy Term, the Sum Assured on Death will be payable to the Nominee or the Policyholder as the case may be, subject to Policy being in force.

The claims - made policy form only covers claims made against the insured during the policy term.

The nominee receives the sum assured in the case of an untimely demise of an insured during the policy term.

SBI will pay the Sum Assured to the nominee in the event of the untimely demise of the insured during the policy term.

The sum assured is given to the nominee in case of an untimely demise of an insured during the policy term.

In case of death of insured during the policy term the insurer settles the claim by paying Sum assured along with bonus.

On the occurrence of any unfortunate event, such as the death of the insured during the policy term then the nominee gets Rs 5,000 so as to help them meet their immediate expenses.

A Term Plan, like Edelweiss Tokio Life — MyLife + is insurance in its purest sense, wherein on death of the life insured during the policy term, the nominee or the beneficiary gets a fixed payout.

Death Benefit: In case of death of the Life Insured during the policy term, the nominee receives the Death Benefit in a lump sum, which is computed as the highest of the following:

o Return of Premium on Maturity Option: This option pays the sum assured to the nominee, in case of death of the life insured during the policy term.

In case of death of the life insured during the policy term, the higher of Fund Value, Assured Benefit or 105 % of total premiums paid till the date of death.

In case of unfortunate death of the life insured during the policy term, the sum assured as applicable shall be payable to the nominee.

On death of the Life Insured during the policy term, your nominee will receive the Death Benefit based on the option chosen.

o Pure Protection Option: In case of unfortunate demise of the life insured during the policy term, the death benefit (as applicable to the policy) is payable to the nominee.

In case of death of the life insured during the policy term, Death Sum Assured will be paid to the nominee / beneficiary.

In the event of demise of the life insured during the policy term, the death benefit will be paid to the nominee.

In case of death of the life insured during the policy term, the nominee / beneficiary receives an amount which is higher of life cover as mentioned in the policy, 10 times the annualized premium, if less than 45 years of age) and 7 times for 45 years or above, or 105 % of all the premiums paid (as on the date of death).

In the event of death of the life insured during the policy term, Entire Sum Assured plus the Guaranteed Additions accrued till date is payable to the nominee.

In case of unfortunate demise of the life insured during the policy term, the sum assured is paid to the nominee.

o Level Cover: The death payout under this plan option pays the opted sum assured to the nominee in the event of death of life insured during the policy term.

The insurer, on the other hand, assures the policyholder to pay the sum insured to the nominee / beneficiary in case of the untimely death of the insured during the policy term, provided the policy is in force.

On the other hand, the insurance company promises to pay the claim which arises due to either death of the insured during the policy term or on maturity of the policy contract (whichever is earlier).

In case of an unfortunate demise of the life Insured during the policy term, Sum Assured on death is payable to the nominee along with a vested Compound Reversionary Bonus and Terminal Bonus (if any) provided the policy is in force.

In the event of death of the life insured during the policy term, provided all due premiums are paid, the death benefit payable is sum assured on death plus guaranteed loyalty additions plus vested bonus plus interim bonus plus terminal bonus.

Mortality Charge: It is levied as per the risk cover provided to the insured during the policy term and the age of the insured.

On the death of the life insured during the policy term, a death benefit is payable is Guaranteed Death Benefit + Accrued Paid - Up Additions (if any) + Terminal Bonus (if any).

In case demise of the life insured during the policy term, the death benefit is payable to the nominee as a lump sum amount.

In the event of the untimely death of the life insured during the policy term, the total death sum assured is payable to the nominee as per the variants opted and payout option opted.

In case of an unfortunate demise of the life Insured during the policy term, Sum Assured on death is payable to the nominee along with a vested Compound Reversionary Bonus and Terminal Bonus.

In the event of death of the life insured during the policy term, the Death Benefit payable is higher of the sum assured, fund value, or 105 % of the total premiums paid.

o Monthly Income Benefit: In case of death of the life insured during the policy term, the nominee is entitled to receive the monthly income that starts from the date of death till the end of the policy term, subject to a guaranteed payout for a minimum period of 36 months.

In the event of death of the life insured during the policy term, the Death Benefit as a lump sum is payable to the nominee, which is higher of the sum assured or single premium fund value Plus higher of top - up premium sum assured or top - up premium fund value, if any.

In the event of death of the life insured during the policy term, lump sum death benefit as Guaranteed Death Sum Assured (GDSA) is payable to the nominee.

The product offers comprehensive death benefit to the nominee in case of death of Life Insured during the policy term, provided the policy is in force.

Mortality Charge: A charge levied for providing risk cover (also called death benefit) to the Life Insured during the Policy Term.

On Death of the Life Insured during the Policy Term, lump sum Death Benefit equal to Guaranteed Sum Assured on Death (GSAD) will be payable to the nominee.

In the event of death of the life insured during the policy term, the Death Benefit payable is higher of Sum Assured on Death or Policy Account Value.

Save - n - Gain Benefit: In case of unfortunate death of the parent or critical illness of the life insured during the policy term, Sum Assured is paid to the beneficiary (child).

On the death of the life insured during the policy term in an active policy, the payout to the nominee will be higher of Sum assured plus accrued bonuses or 105 % of all premium paid till date.

In case of the unfortunate event of the death of the life insured during the policy term, the death benefit payable to the nominee shall be the aggregate of:

In the event of death of the life insured during the policy term, the higher of Sum Assured, Fund Value or 105 % of the total basic premiums paid, is payable to the nominee.

On the death of the life insured during the policy term, a Guaranteed Death Benefit is payable which is Highest of any of the Sum Assured plus accrued Guaranteed Additions and Bonuses, Guaranteed maturity benefit plus accrued Guaranteed Additions and Bonuses or Minimum Death Benefit.

In case of the unfortunate event of the death of the life insured during the policy term, the death benefit payable to the nominee shall be Sum Assured on Death; plus Accrued Bonuses as of date of death; plus Terminal Bonus (if any).

In case of demise of the life insured during the policy term, the nominee is entitled to receive a Sum Assured amount as a lump sum payout.

In the event of death of the life insured during the policy term, the higher of Sum Assured or Fund Value is payable, subject to a minimum of 105 % of the total basic premiums paid, as on the date of death.

In the event of death of the life insured during the policy term, the Death Benefit as a lump sum is payable to the nominee, which is higher of the sum assured or regular premium fund value Plus higher of top - up premium sum assured or top - up premium fund value, if any.

The death benefit is payable in the event of the death of the life insured during the policy term.