Sentences with phrase «life cover amount»

In case of an event happens the amount will be paid in addition to the base plan life cover amount.

In case of an unfortunate event during the policy term, minimum life cover amount of $ is paid to the family immediately

The policy can continue with a reduced life cover of Rs 1 crore by paying proportionately reduced premium with life cover amount being availed by the family on demise of the insured.

Example, If a 35 year old person choose an annual premium of $ 9,000, then: Life Cover Amount = $ 90,000 + Accumulated bonuses (if any)

Underwriting guidelines are simplified and no medical required till certain life cover amounts.

Life cover amount along with existing assets should be enough to square off loans, meet financial goals and provide for family's regular expenses.

Note: In case the fund value is greater than above mentioned life cover amount, then fund value will be paid

Payout options are based on the basic life cover amount.

Tax benefits Life cover amount is tax - free Up to INR 1.5 lakhs paid towards life cover is tax exempt under Section 80C INR 25,000 paid towards CI benefit is tax exempt under Section 80D

of years and should an unfortunate event such as death or disability occur, your family's financial needs are taken care of by the insurance company who pays the agreed life cover amount.

In case of an unfortunate event during the course of the policy term, life cover amount of $ plus accumulated bonus is paid to the life insured's family

Life Cover Amount = 10 times the annual premium * + Accumulate Bonuses (if any).

In case of an eventuality, this amount will be paid in addition to the base plan life cover amount.

While buying the insurance policy, you may feel that a certain life cover amount will suffice at the moment, however, even a nominal inflation of 5 - 6 % can whittle down the real usable value of the cover by almost 50 % over a ten - year period.

Under term life insurance plan, the life cover amount in form of sum assured is paid to the beneficiary in the event of unfortunate death of the life insured.

Read on to know exactly how to decide your life cover amount.

Life cover amount will never be returned back to you.

As a thumb rule, your life cover amount should be 10 times your annual income.

You can choose from the following life cover payout options: Option A: Receive a Lump Sum Amount, or Option B: Receive as Family Income Benefit (FIB) wherein 110 % of the life cover amount is given as monthly income spread over 60 months.

The term period is fixed at the time of buying a policy, and if during the policy period any of the partners die unexpectedly, the surviving partner being the nominee gets the life cover amount.

Catch: With the same amount of mortality charge (Life cover amount), you can buy a term insurance of much higher amount.

In case the life assured passes away during the policy period, the insurance company pays the life cover amount (sum assured) to the nominee as mentioned in the policy document.

If during the policy duration, the life assured dies, the life insurance company will pay the sum assured (life cover amount) to the nominee as mentioned in the policy document.

In case of an unfortunate event, life cover amount of $ plus applicable bonuses is paid immediately

Death Benefit - In case of your unfortunate death, your loved ones will receive the life cover amount chosen by you along with the accumulated bonuses, if any, as the death benefit.

In this type of joint life insurance, if one of the partners passes away, the surviving partner can claim for the life cover amount, after which, the cover expires.

The policyholder may opt for additional cover that pays the nominee a certain percentage of the life cover amount for key life events like marriage, birth or adoption of a child.

26 August, 2015: On Tuesday, Exide Life Insurance Company launched a new unit - linked insurance plan called Wealth Maxima, which gives a choice to increase the life cover amount at different stages of life.

If during the policy tenure any of the partner passes away, the surviving partner gets the life cover amount.

In case of death of the life insured, the bonuses are paid to the nominee along with the life cover amount.

Some companies pay the sum assured (life cover amount) as lump sum amount to the surviving partner and the policy terminates.

Tax benefits are on the payout received at the time of maturity and the life cover amount received at the time of the death of policyholder.

At any time during the policy term, in case of unfortunate event, the life cover amount is paid to the family of the member.

In case of an unfortunate demise of policyholder, life cover amount of $ -LCB--LCB- #### -RCB--RCB- is paid to the family and all future premiums are waived off

Under this benefit, the insured has the flexibility to split the life cover amount for the nominee to receive as lumpsum and the remaining life cover will be paid in equal monthly payments for 10 years.

This plan offers flexibility to increase the life cover amount at key life stages such as marriage, child birth, etc..

In case of an unfortunate event during the policy term, life cover amount of $ -LCB--LCB- #### -RCB--RCB- is paid and the policy terminates

In addition to Life Cover amount, you also get additional life cover of an equivalent amount in case of an unforeseen event due to an accident.