Sentences with phrase «is payable to the nominee in»

Sum Assured - The amount of money that is payable to the nominee in case of the unfortunate event of death of the insured is equal to 25 times the single premium paid

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:

However, you can treat whole life insurance policy aspermanent since the policy covered the whole life span of thepolicy holder and benefit is payable to nominee in the event of anyeventuality of the policy holder.

Also, an additional sum assured is payable to the nominee in case of an accidental death.

The insurance cover amount is payable to the nominee in case of death of the insured person during the term of the policy.

Not exact matches

In case of unfortunate death of the Life Insured, the Sum Assured on Death which is explained below is payable to the Nominee:

In case of an unfortunate event during the Policy Term, the sum of the following benefits will be payable to the Nominee, subject to the Policy being in forcIn case of an unfortunate event during the Policy Term, the sum of the following benefits will be payable to the Nominee, subject to the Policy being in forcin force:

In case of death, the sum assured or the insurance cover amount is payable to your dependents or nominees.

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 forcIn 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 forcin force.

The death benefit would be payable to the nominee which has been specified in the policy.

Under this annuity option, the annuity is payable for the annuitant's lifetime, and in case of the death of the annuitant, the purchase price is paid to the nominees.

In case of death of the insured during the plan tenure, a death benefit which is higher of the minimum Sum Assured or 10 or 7 times the annual premium paid depending on the age of the policyholder is payable to the nominee subject to a minimum of 105 % of all premiums paid till the date of death

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

On death of the policyholder, under Benefit Option 1, higher of the Sum Assured including the top - up SA net of any partial withdrawals made in the last 2 years or Fund Value including the Top - up Fund Value or 105 % of premiums paid is payable to the nominee

In case of death of the insured during the tenure of the plan, the Sum Assured is payable to the nominee subject to a minimum of 105 % of all premiums paid till the date of death.

In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee.

In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee After completing five policy years, if it is surrendered, then there is no Surrender / Discontinuance Charges and the Fund Value is paid to the policyholder and the policy will terminate immediately.

The sum Insured is payable to the nominee / s in the event of the Insured's death.

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.

In case the Policy is re-assigned, then the death claim amount is payable to the latest nominee / appointee registered with the Company

In case the insured member commits suicide whether sane or insane, within 12 months from the policy inception date or from the date of inception of the member under the group insurance scheme, whichever is later, then higher of 80 % of the premiums paid or surrender value in respect of concerned insured member is payable to the nominee / beneficiarIn case the insured member commits suicide whether sane or insane, within 12 months from the policy inception date or from the date of inception of the member under the group insurance scheme, whichever is later, then higher of 80 % of the premiums paid or surrender value in respect of concerned insured member is payable to the nominee / beneficiarin respect of concerned insured member is payable to the nominee / beneficiary.

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

Suicide: If the life assured commits suicide within one year from the date of inception of the policy, 80 % of the Premium paid will be payable to the nominee or beneficiary / legal heirs, provided the policy is in - force.

In the absence of the insured person during the during the policy term, then death benefit is payable to the nominee.

Subject to terms and conditions of the master policy, the Death Benefit will be directly payable to the Master Policyholder to the extent of outstanding loan amount; Death Benefit amount in excess of outstanding loan amount (if any), will be paid to the nominee / appointee / legal heir of the Insured Member.

Suicide Exclusion - In case the policyholder commits suicide within one year of the date of issue policy, only 80 % of the paid premium is payable to the nominee.

If the life assured commits suicide within 12 months from the date of inception of the policy, 80 % of the Premium paid will be payable to the nominee or beneficiary / legal heirs, provided the policy is in - force.

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.

Suicide exclusion under Death Benefit: - In case the insured member commits suicide whether sane or insane, within 12 months from the policy inception date or from the date of inception of the member under the group insurance scheme, whichever is later, then higher of 80 % of the premiums paid or surrender value in respect of concerned insured member is payable to the nominee / beneficiarIn case the insured member commits suicide whether sane or insane, within 12 months from the policy inception date or from the date of inception of the member under the group insurance scheme, whichever is later, then higher of 80 % of the premiums paid or surrender value in respect of concerned insured member is payable to the nominee / beneficiarin respect of concerned insured member is payable to the nominee / beneficiary.

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:

In case of an unfortunate demise of the Life Assured during the Policy Term, provided all due premiums have been paid till the date of death, the benefit payable to the nominee is the higher of:

Term insurance is the simplest form of life insurance plan that offers comprehensive life coverage over a period of time and in case the insured person dies during the tenure of the policy, the guaranteed death benefit is payable to the nominee of the policy.

On death, higher of the Sum Assured net of any partial withdrawals made in the previous 2 years or the available Fund Value is payable to the nominee subject to a minimum of 105 % of all premiums paid

In case of death post the first 5 years, the chosen Sum Assured under the LIC pension plan including the accumulated Guaranteed Additions, Simple Reversionary Bonuses and Final Additional Bonus, if any till the date of death is payable to the nominee who can avail the death benefit whether in lump sum or annuity or partly in lump sum and partly in annuity depending on his choiIn case of death post the first 5 years, the chosen Sum Assured under the LIC pension plan including the accumulated Guaranteed Additions, Simple Reversionary Bonuses and Final Additional Bonus, if any till the date of death is payable to the nominee who can avail the death benefit whether in lump sum or annuity or partly in lump sum and partly in annuity depending on his choiin lump sum or annuity or partly in lump sum and partly in annuity depending on his choiin lump sum and partly in annuity depending on his choiin annuity depending on his choice

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:

On death, higher of the Sum Assured net of any partial withdrawals made in the previous 2 years or the available Fund Value is payable to the nominee

DHFL Pramerica Family Income Plan is a decreasing term plan offered by DHFL Pramerica Life Insurance wherein the death benefit may either be payable in a lumpsum to the nominee or in equal monthly installments till the end of the policy tenure.

In case of death / first diagnosis of cancer, it is payable to the nominee / policyholder at each premium due date for the remaining period of the premium payment term.

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

Reversionary Bonus: This bonus is declared at the end of each year by a life insurance company for its various policies and added on to the total sum payable to the insured party on the maturity of the policy or to his or her nominees in case the insured does not survive the term of the policy.

In case of suicide committed after 12 months of policy inception or revival, the death benefit payable to the nominee will be higher or Surrender Value, if applicable or 80 % of total premiums paid.

In case of the death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee.

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 case of death of the insured during the plan tenure, a benefit higher of 105 % of all premiums paid including any top - up premiums paid or aggregate premiums paid including any top - up premiums compounded @ 1 % or the available balance in the Individual Pension Account is payable to the nominIn case of death of the insured during the plan tenure, a benefit higher of 105 % of all premiums paid including any top - up premiums paid or aggregate premiums paid including any top - up premiums compounded @ 1 % or the available balance in the Individual Pension Account is payable to the nominin the Individual Pension Account is payable to the nominee

In case of suicide committed within 12 months of policy inception only 80 % of premiums paid are returned to the nominee but if suicide is committed within 12 months of revival, higher of 80 % of premiums paid or the surrender value is payable.

In case of an unfortunate event, life assured passes away during the policy term - immediate payment is payable to the nominee by the insurance company.

Option 3 — in case of Mr. Sharma's death during the plan term, higher of the Sum Assured on Maturity, 105 % of premiums paid till death, 10 times the annual premium or absolute amount assured payable on death is paid to the nominee.

In such cases, a discounted value of the outstanding annual income is received by the nominee, subject to a minimum of the Death Benefit payable less annual income already paid.

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.