Sentences with phrase «lesser death sum»

When the policyholder will be diagnosed with either of the 7 critical illnesses, the critical illness benefit shall be paid as a lumpsum and if that amount is less than the base sum assured, the policy will continue with lesser death sum assured.

Not exact matches

One of the early companions of Francis, elected the second minister general, within less than a decade after the death of the founder gave the order a comprehensive structure, extended its mission, and raised large sums to erect in Assisi a huge memorial church to Francis.

In doing so, Holden Caulfield becomes less a spontaneous fictional creation than the logical sum of Salinger's romantic frustrations, his run - ins with hectoring authority figures, and his scarring visions of Nazi death camps (realized on budget here as blue - tinted glimpses of gaunt silhouettes and hands clutching past barbed wire).

2 The adjusted total premium is the initial single premium plus any underwritten increases, less any partial surrenders and any applicable surrender charges in excess of policy gain and any loans and accrued loan interest, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value.

Accelerated death benefit rider — pays 92 % of the death benefit in a lump sum if life expectancy is less than 24 months.

The insurance regulator has underlined that except for variable insurance products, the death benefit for all non-linked individual product can not be less than the basic sum assured.

Even though the beneficiaries will receive the basic sum assured in case of your death, the Accidental Rider offers your family extra funds to make sure that you can manage all their expenditure, thereby making it less nerve - racking to deal with the loss of their loved one.

In case of early death, the nominee is entitled to have the sum assured or the accumulation amount, less outstanding premiums, whichever is higher

The death benefit is similar to the Wealth Protect Plan which is higher of sum assured less any withdrawals, fund value or 105 % of the premium paid.

In the event of Death of the insured person due to accident outside her / his residence the expenses incurred for transportation of insured's dead body to the place of residence subject to a maximum of 2 % of capital sum insured or Rs. 2,500 / - whichever is less.

Death benefit is equal to the face amount, plus the sum of premiums, less cumulative partial surrender

Used to preach, buy term, invest the difference... But a permanent death benefit, cash values, tax free loans, tax free lump sum payment to beneficiary, privacy of beneficiary info, very difficult for others to get at your cash value, ability to fund very high amounts with tax benefits, cheaper while you are younger / healthy, paid up additions, Potential less premium with IUL and index gains potential, or Whole Life and pay more for insurance, but higher dividends...

With this plan, there are different death benefit options, such as 1) necessary face amount; 2) face amount plus accumulated value, or 3) face amount plus a sum of premiums, less any withdrawals.

Terminal Illness Rider — This plan will pay out 30 % (in most states) of the death benefit in a lump sum if the insured is diagnosed with a covered terminal illness and is given a limited life span of less than 12 months.

This is the face value of the life insurance policy that is to be paid out to your beneficaries in the event of your death and the total amount paid out (less any loans against the policy) is usually in a nontaxable lump sum payment.

In the return of premium option, in case of the death of the insured with less than 45 years, highest of - the sum assured or 125 % of the single premium is paid or minimum guaranteed sum assured on maturity is paid.

death benefits will be sum insured on death less any critical illness claims paid.

■ The additional death benefit can be taken as lump sum or as 25 % of basic sum assured paid at the end of the each last four years and family income benefit as 1 % of the basic sum assured at the end of every month following the date of death till the end of the policy term but not less than 36 monthly payments.

As per the above table, it is clear that premium for lesser term is more than that for higher term and total premium to be paid not to be confused with sum assured as it is minimum amount to paid to nominee in case of death of policy holder even single premium has been paid.

The sum assured on death amount is 125 % of the basic sum assured or 10 times the annualized premium, whichever is more and is not lesser than 105 % of the total premiums paid by the policyholder until the time of his / her demise (this is not inclusive of taxes on premium amounts and extra, and rider premium amounts if any)

The sum assured on death is higher of 10 times the annualized premium (if life insured is less than 45 years of age) and it is 7 times the annualized premium (if life insured is of 45 years and above).

Death Sum Assured amount is higher of basic sum assured, maturity sum assured, 105 % of all the premiums paid (till the date of death), or 10 times the annualized premium if life insured is less than 45 years of age (7 times when 45 years & abDeath Sum Assured amount is higher of basic sum assured, maturity sum assured, 105 % of all the premiums paid (till the date of death), or 10 times the annualized premium if life insured is less than 45 years of age (7 times when 45 years & abdeath), or 10 times the annualized premium if life insured is less than 45 years of age (7 times when 45 years & above).

Scenario A - Death Benefit: In the event of his death during the policy term, the Death Benefit payable is higher of Sum Assured including top - up sum assured (less partial withdrawals if any), Fund Value including top - up fund value, Or 105 % of total premiums paid including top - up premiums paid as on the date of dDeath Benefit: In the event of his death during the policy term, the Death Benefit payable is higher of Sum Assured including top - up sum assured (less partial withdrawals if any), Fund Value including top - up fund value, Or 105 % of total premiums paid including top - up premiums paid as on the date of ddeath during the policy term, the Death Benefit payable is higher of Sum Assured including top - up sum assured (less partial withdrawals if any), Fund Value including top - up fund value, Or 105 % of total premiums paid including top - up premiums paid as on the date of dDeath Benefit payable is higher of Sum Assured including top - up sum assured (less partial withdrawals if any), Fund Value including top - up fund value, Or 105 % of total premiums paid including top - up premiums paid as on the date of deathdeath.

Sum assured on death is higher of 105 % of total premiums paid (as on date of death), 10/7 times of annualized premium for age at entry less than 45 years / 45 years or more respectively, 1.25 / 2 times of sum assured.

o Children's Education Bonus in case of Accidental Death or Permanent Total Disablement of parent of Rs. 5000 / - for 1 child or Rs. 10,000 / - maximum for 2 children below the age of 19 or 10 % of capital sum insured, whichever is less

For age at entry less than 45 years, the death benefit is higher of 10 times annualised premium or 105 % of total premium or paid till date of death or 200 %, 250 % or 300 % of sum assured depending on the PPT chosen.

For the policyholder aged less than 45 years of age, the death benefit or sum assured offered is minimum 10 times the annual premium paid.

Life Option Before age 60 years, the Death Benefit payable is higher of sum assured less partial withdrawals (in preceding two years), 105 % of all premiums / single premium paid or Fund value.

Scenario A - Death Benefit: In the event of his death during the policy term, the Death Benefit payable is higher of Sum Assured including top - up sum assured (less partial withdrawals), Fund Value including top - up fund value, Or 105 % of total premiums paid including top - up premiums paid as on the date of dDeath Benefit: In the event of his death during the policy term, the Death Benefit payable is higher of Sum Assured including top - up sum assured (less partial withdrawals), Fund Value including top - up fund value, Or 105 % of total premiums paid including top - up premiums paid as on the date of ddeath during the policy term, the Death Benefit payable is higher of Sum Assured including top - up sum assured (less partial withdrawals), Fund Value including top - up fund value, Or 105 % of total premiums paid including top - up premiums paid as on the date of dDeath Benefit payable is higher of Sum Assured including top - up sum assured (less partial withdrawals), Fund Value including top - up fund value, Or 105 % of total premiums paid including top - up premiums paid as on the date of deathdeath.

Sum Assured on death shall be higher of 10 times the annual premium (if age is less than 45 years or 7 times the annual premium - if age is 45 years and above) or twice the basic sum assured.

For regular / limited pay policies (age at entry less than 50 years), it is higher of sum of Sum Assured including Top - up Sum Assured and Fund Value including Top - up Fund Value or Minimum Death Benefit.

If age at entry is less than 45 years, sum assured on death is higher of 10 times of annualized premium or minimum guaranteed sum assured.

IRDA has mandated that the minimum sum assured or death benefit on a life insurance will not be less than 10 times the annual premium for individuals below 45 years of age.

In case, age of the life insured at entry is less than 45 years, sum assured on death which is higher of minimum sum assured or 10 times of annualized premium is payable.

In case, age of the life insured at entry is less than 45 years, sum assured on death which is higher of 125 % of single premium or guaranteed amount on maturity or sum assured is payable.

If the critical illness sum assured is less than the base sum assured, then the death benefit will be reduced by that amount and the policy will continue with the reduced base sum assured (base sum assured — critical illness sum assured).