Sentences with phrase «insured survives»

If the insured survives beyond the term of the policy, it can either be renewed at a higher premium rate or allowed to cancel.

Term Insurance: Life Insurance protection during limited number of years; expiring without value if the insured survives the stated period, which may be one or more years but usually is five to twenty years, because such periods usually cover the needs for temporary protection.

The benefit amount is payable once the disease is diagnosed and the insured survives 30 or 60 days after diagnosis.

If the Life Insured survives the policy term and all the premiums are duly paid, the life insured will receive 100 % of your sum assured with accrued Guaranteed Additions.

In case the Life Insured survives till the completion of the policy term provided all premiums are duly paid, then 100 % of Sum Assured on Maturity is paid at the completion of policy term along with accrued Non-Guaranteed Annual Simple Reversionary Bonus and Non-Guaranteed Terminal Bonus.

Claims are only paid if the insured survives a waiting period, sometimes called the survival period.

If the life insured survives at the maturity date of the policy provided policy is in - force, vested bonus plus terminal bonus is payable.

In case the life insured survives at the end of the premium payment term, Guaranteed Monthly Income (GMI) is payable every month for the next 144 months, which starts from the end of the premium payment term.

If the Life Insured survives the policy term and all the premiums are duly paid, the life insured will receive the following as maturity benefit which depends on the policy term option chosen.

This is payable if the insured survives the policy term.

Life Annuity Certain for 10 Years: Annuitant receives annuity payout at a constant rate for the first 10 policy years and for life thereafter, in case the life insured survives beyond the period of 10 years.

In case of Rohit's survival, he receives annuity payout at a constant rate for the first 10 policy years and thereafter, the annuity is payable in case the life insured survives beyond the period of 10 years.

Life Annuity Certain for 15 Years: Annuitant receives annuity payout at a constant rate for the first 15 years and for life thereafter, if the life insured survives for more than the period of 15 years.

Once the insured survives the policy term, the remaining sum assured is paid back as maturity benefit.

If the life insured survives at the maturity of the policy term, Sum Assured + Accrued Reversionary Bonuses + Terminal Bonus will be payable to the life insured.

Maturity Benefit: Sum Assured on Maturity, which is the Sum Assured applicable under the Policy, is paid if the Life Insured survives till the Maturity of the Policy and the policy is in force.

At maturity of the policy (in case the Life Insured survives till the maturity of the Policy and all premiums are duly paid), you receive:

If the life insured survives till completion of the policy term, the guaranteed maturity benefit equal to Sum Assured on Maturity plus Guaranteed Additions plus Loyalty Benefit.

and Sum Assured on Maturity as Maturity benefit at the end of the Policy term in case the Life Insured survives till that period and all premiums have been duly paid.

In the event the life insured survives to the end of the policy term, the company shall pay to the policyholder the aggregate of the following benefits:

Maturity benefit is payable if the insured survives the policy term.

Maturity Benefit: In case the Life Insured survives till the maturity of the Policy and all premiums are duly paid, then the benefits as mentioned below will be payable to the Policyholder on the date of maturity:

If the policy is in force and the Life Insured survives to the Maturity Date of the policy, then the maturity benefit equal to Sum Assured on Maturity will be payable which is 100 % of Single Premium along with Total Guaranteed Additions accrued during the Policy Term (excluding Mortality Premium, if any).

Pure Income Benefit Option: If the life insured survives during the benefit payout period (starts immediately after completion of the premium payment term till maturity of the policy), he / she will receive Annual Guaranteed Income, Special Additional Bonus, & Simple Reversionary Bonus.

If the Life Insured survives beyond 60 years of age, then he would get 5 % of the Sum Assured every year as Money Back Living Benefit till age 80.

The CI SA will be paid only if the insured survives a period of 14 days after the date of diagnosis.

If the insured survives 30 days post diagnosis of critical illness, a lump sum benefit amount is paid

If the insured survives the specified term, the contract expires and provides no payment of any kind to the policyowner.

Now, if the Life Insured survives the entire term, then he would receive basic Sum Assured + accrued Bonus.

Also if the insured survives the policy term, he / she person gets no amount in return.

However, there are certain plans like TROP (Term with Return of Premium Policy) which offers a return of premium in the event the insured survives the policy term.

The only difference is one policy doesn't pay anything on maturity and the other policy returns all the premiums on maturity if the life insured survives.

If the life insured survives the entire tenure of the policy then on maturity the life insured doesn't get anything.

If the life insured survives till the end of the policy term, Sum Assured on Maturity + Vested simple reversionary bonus + Final Additional Bonus (if any) is payable to the policy holder.

But if I know correctly, a term plan does not give any benefit if the insured survives the policy term.

Consumer activist Jehangir Gai says an individual covered under a group critical illness policy pays benefits for treatment of certain diseases only if the insured survives for 30 days after the illness.

You will also find there are Term Insurance plans with the return of premium (TROP) which return the premium paid at the time of completion of the policy term in case life insured survives the policy term.

It offers a death benefit in the form of the sum assured if the insured dies during the policy term and offers maturity benefit in the form of fund value if the insured survives the policy term.

It also returns all the premiums, in case the life insured survives throughout the policy term.

o Step Up: In case the insured survives the term, an amount up to 150 % of annual premiums paid by the insured is returned.

In case the life insured survives till end of the policy term, he / she is entitled to receive all the premiums paid excluding taxes, rider premiums, and additional premiums, if any.

Only Term Plans with «Return of Premium» (TROP) offers the maturity benefit which is the return of all paid premiums at the maturity in case the insured survives the policy term.

Coverage that provides compensation if the insured's death is the result of an accident or if the insured survives an accident, but has become paralyzed, lost a limb, or permanently loses eyesight.

To ensure their financial protection Tata AIA offers term plan with return of premium which is TATA AIA Life iRaksha TROP which is an online term plan that ensures the return of premium in case the insured survives the policy term along with the death benefit.

o Classic: In case the insured survives the term, 100 % of annual premiums paid are returned to the insured.

And if, the Insured survives the policy term, the company pays the sum Assured as agreed at the signing of the policy.

An important feature is non-payment in case of maturity of a term plan, i.e. if the insured survives.

Currently, insurance companies have begun providing certain advantages in case the insured survives the policy term, they might pay back a certain percentage of the entire premium paid.

On maturity, if the insured survives the term, BSLI will refund all the premiums.

Step 3 — if the insured survives the plan tenure, the guaranteed maturity Sum Assured, accrued paid - up additions and bonuses are paid.