Sentences with phrase «insured in equal installments»

Rest of the due premium is to be paid by the insured in equal installments within 2 years along with the regular premium as per the tenure of the policy.

Not exact matches

The insured shall get the Total Fund Value including Top - up Fund Value on Maturity which can be taken in lump sum or under the Settlement Option where the proceeds can be taken in equal installments over a period of 5 years post maturity

o Lump Sum + Equal Annual Installments: If the policyholder chooses Installment option, 50 % of the Death Sum Assured will be paid as lump sum immediately on death of the life insured and the remaining amount is paid annually in 5 equal installments (starting post 1 year from date of death of the life insuEqual Annual Installments: If the policyholder chooses Installment option, 50 % of the Death Sum Assured will be paid as lump sum immediately on death of the life insured and the remaining amount is paid annually in 5 equal installments (starting post 1 year from date of death of the liInstallments: If the policyholder chooses Installment option, 50 % of the Death Sum Assured will be paid as lump sum immediately on death of the life insured and the remaining amount is paid annually in 5 equal installments (starting post 1 year from date of death of the life insuequal installments (starting post 1 year from date of death of the liinstallments (starting post 1 year from date of death of the life insured).

In case of death of the life insured, this plan pays 50 % of the death sum assured as a lump sum and the balance amount is then paid as equal monthly installments for a period till the nominated child attains 21 years.

In case any insured member is diagnosed with a terminal illness (TI), a TI benefit, equal to 6 Equated Monthly Installments of the loan will be paid in proportion to his / her loan share percentagIn case any insured member is diagnosed with a terminal illness (TI), a TI benefit, equal to 6 Equated Monthly Installments of the loan will be paid in proportion to his / her loan share percentagin proportion to his / her loan share percentage.

In case the insured member is diagnosed with a terminal illness (TI), a TI benefit equal to 6 Equated Monthly Installments of the loan will be paid as a lump sum.