Sentences with phrase «life insurance payouts under»

There are many ways to distribute life insurance payouts under a term life insurance policy.

There are many ways to distribute life insurance payouts under a term life insurance policy.

Not exact matches

This means that if you die due to an accident while covered under a life insurance policy with an AD&D rider, your beneficiaries could receive up to twice your face amount — one payout equal to your face amount from the life insurance half of the policy, and another payout from the AD&D rider.

This means that if you die due to an accident while covered under a life insurance policy with an AD&D rider, your beneficiaries could receive up to twice your face amount — one payout equal to your face amount from the life insurance half of the policy, and another payout from the AD&D rider.

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Life insurance companies will not make payout to children under eighteen years of age.

As you begin discussing policy options with your life insurance company, you'll hash out typical policy choices including payouts and coverage limits, term length, and under what conditions the policy will be paid out.

Get maturity payout over a period of 12 years — Get a Total Maturity Benefit which is twice the total premiums paid under the life insurance plan over a period of 12 years.

Canara HSBC Oriental Bank of Commerce Life Insurance is first to launch «Immediate Payouts on Death Claim» under which the deceased's family will receive the fund value immediately on registration of death claim under unit - linked policies.

On the other hand, if a person survives the defined term under a money back life insurance plan, he receives a particular percentage of his chosen sum assured as Money Back payouts.

Canara HSBC Oriental Bank of Commerce Life Insurance Company is the first to launch the «Immediate payout on death claim service, providing fund value immediately on registration of death claim under unit - linked policies.

Payouts made by the life insurance company to you are tax exempted under Section 10D of the same Act.

Either way you will always get some payout on death benefit, while under a term life insurance policy, the possibility always exists that the policyholder will outlive their policy, and lose all of the money the paid in.

Accrued Paid Up Additions (PUA) are the bonus payouts payable in case you choose the PUA mode for receiving annual bonuses announced by Max Life Insurance (explained under Bonus Payout Options).

If the policy proceeds are not eligible for exemption under Section 10 (10D) of the Act and your total payout value (policy proceeds due to you from Exide Life Insurance) for a financial year exceeds Rs. 1 lakh, then the tax deductions will be as under:

Under a settlement option, the maturity amount entitled to a life insurance policyholder is paid in structured periodic installments (up to a certain stipulated period of time post maturity) instead of a «lump - sum» payout.