Sentences with phrase «is payable to the nominee as»

In case of your unfortunate demise any time during the Policy Term, the Death Sum Assured will be payable to your nominee as under:

Death Benefit: The death benefit shall be payable to the nominee as per the payout option chosen based on the type of plan.

o Option A: - Base: In the event of insured's unfortunate demise, the base sum Assured (less terminal illness benefit already paid) is payable to the nominee as a lump sum amount.

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.

Sum assured on death is payable to the nominee as monthly income for 144 equal monthly installments and it begins from the date of death of the life insured.

Not exact matches

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.

On death of the policyholder, an amount which will be higher of the fund value as on the date of death or the Guaranteed Death Benefit is payable to the nominee.

In case of death of the insured during the tenure of the plan, higher of the available Sum Assured as on the date of death or 10 times the annual premium or 105 % of all premiums paid till death is payable to the nominee

The annuity will be payable in arrears post deferment period as per payment frequency chosen by you, for as long as either of the primary or the secondary annuitant is alive.Death benefit is payable as a lumpsum to the nominee, on later of the deaths of the two annuitants.

• On death of the annuitant, death benefit is payable as lumpsum to the nominee and no further amount will be payable.

• On death of the annuitant, Death benefit2 is payable as lump sum to the nominee and no further amount will be payable.

Option B - Income Protection Under this option, the Death Benefit shall be payable as Monthly Income (payouts made each month) to your nominee during the payout period as chosen by you at inception of policy.

In case of death of Life Assured during this period, the proceeds will be payable to the nominee / legal heirs as applicable.

In case of death of the Life Assured during this period, the proceeds will be payable to the nominee / legal heirs as applicable.

Premium Payable: As per the choices made above, his annual premium works out to 6,950 # (excluding taxes) Benefit Payable: And If Krish's death occurs in the 2 policy year after paying his premium for initial 2 years, the benefit payable to Krish's nominee (s) wPayable: As per the choices made above, his annual premium works out to 6,950 # (excluding taxes) Benefit Payable: And If Krish's death occurs in the 2 policy year after paying his premium for initial 2 years, the benefit payable to Krish's nominee (s) wPayable: And If Krish's death occurs in the 2 policy year after paying his premium for initial 2 years, the benefit payable to Krish's nominee (s) wpayable to Krish's nominee (s) will be:

If all due premiums are paid, then, in case of unfortunate death of the life assured during the policy term, the Sum Assured on Death as mentioned below will be payable as death benefit to the nominee:

In case of death of the life insured within the policy tenure, the Sum Assured is paid to the nominee as death benefit and the policy terminates and nothing further is payable

In case of unfortunate death of the life assured during the policy term, provided all the due premiums have been paid under the policy, the death benefit payable to the nominee shall be as follows

In the case of death of the insured before the date of the maturity, then the benefits of death that are payable to the nominees in a lump sum amount are as follows:

On death of the life assured before the vesting date, the death benefit payable to the nominee will be higher of the total Fund Value as on date of receipt of intimation of death or the Guaranteed Death Benefit

Endowment life insurance products hence provide life protection throughout the term of the policy contract, that is to say in the event of eventuality the defined sum assured / death benefit is payable to the nominee and in case of survival, maturity proceeds are payable as survival benefit.

In the event of the policyholder's death, the sum assured is immediately payable to policyholders» nominee or legal heir as a lump sum, along with the bonuses.

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

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.

o Income Plus Option: In the event of death of the life Insured the nominee receives 100 % of sum insured and additionally, a level monthly income equal to 0.5 % of the Sum Assured shall be payable for a period of 10 years.The monthly income can be opted as level or increasing at 10 % p.a.

In the event of demise of Mr. Raman during the 8th policy year, a lump sum amount of Rs 5 Lacs plus Accrued Guaranteed Loyalty Additions is payable as the death benefit to the nominee.

On unfortunate demise of the life insured before the vesting date, the death benefit payable to the nominee is higher of the Fund Value as on the date of intimation of death or the Guaranteed Death Benefit.Guaranteed Death Benefit is 105 % of the sum of all premiums and top - up premiums paid till the date of death.

It pays an amount equal to the sum assured (life cover) chosen, upon your unfortunate demise during the policy term and it is payable to the nominee, as opted by you under the policy.

In the event of demise of Mr. Raman during any policy year, Rs 2 Lacs plus vested Simple Reversionary Bonuses and Final Additional bonus is payable as the death benefit to the nominee.

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.

On unfortunate demise of Subhash before the vesting date, the death benefit payable to the nominee is higher of the Fund Value as on the date of intimation of death or the Guaranteed Death Benefit.

Return of Capital - Annuity is payable as long as Life Insured is alive and then the remaining Capital would be returned to the nominee

- 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.

- Annuity is payable as long as Life Insured is alive and then the remaining of the capital, if any, would be returned to the nominee on the death of the Life Insured.

Accidental Death Benefit In the event of your accidental death, an additional Sum Assured apart from the basic death benefit (as mentioned above) is payable to the nominee.

Scenario B: Raman dies during the Term of the Policy In the event of demise of Mr. Raman during the policy term, Rs 5,00,000 plus accrued Reversionary bonuses and Terminal bonus is payable to the nominee Benefit Illustration: Note: The assumed non-guaranteed rates of return as shown in the above illustration are @ 4 % per annum & 8 % per annum.

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 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.

In the event of death of the life insured, the benefits payable to the nominee will be Basic Death Benefit, Plus guaranteed yearly additions accrued as on the date of death.

In the event of demise of Mr. Raman during the 8th policy year, a lump sum amount of Rs 20 Lacs or above is payable as the death benefit to the nominee.

Sum Assured on death will be payable to the nominee, which is equal to the base sum assured of 5 lacs or death sum assured as specified in the policy.

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 / legal heir.

Accidental Death Benefit (Extra Life Option) In the event of your accidental death, an additional benefit equal to Sum Assured apart from the death benefit (as mentioned above) is payable to the nominee.

Scenario B: Raman dies during the Term of the Policy In the event of demise of Mr. Raman during the policy term, Rs 2 Lacs as Sum Assured on Death is payable to the nominee.

In the event of demise of Mrs. Riya during any policy year, Rs 2 Lacs plus vested simple reversionary bonuses plus terminal bonus or 105 % of the total premiums paid is payable as the death benefit to the nominee.

In the event of demise of Mr. Raman during the 15th policy year, the sum assured amount of Rs 10.8 Lacs plus assured additions accrued is payable as the death benefit to the nominee.

In the event of demise of Mr. Raman during the 3rd policy year, a lump sum amount of Rs 5.5 Lacs is payable as the death benefit to the nominee.

With the unfortunate demise of the life insured before the vesting date, the death benefit payable to the nominee is the higher of the Fund Value or 105 % of the total premiums paid till date.The nominee has the option to take this amount as annuity from us or to withdraw the proceeds.