Sentences with phrase «life insured before»

o Option III: On the occurrence of first critical illness of life insured before the age of 65 years and during the first 30 policy years, the insurer pays 50 % of the sum assured on death (maximum of Rs 50 lacs) and the future premiums are waived off.

Option III: On the occurrence of first critical illness of life insured before the age of 65 years and during the first 30 policy years, the insurer pays 50 % of the sum assured on death (maximum of Rs 50 lacs) and the future premiums are waived off.

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.

In the event of death of the life insured before the date of maturity, but prior the date of commencement of risk, an amount equal to the amount of total premiums paid shall be payable.

In the event of death of the life insured before maturity of the policy, Guaranteed Death Benefit plus Non-guaranteed benefit of Vested Bonus & Terminal Bonus is payable to the nominee.

Sum Assured plus Loyalty Addition is payable, in case of death of the life insured before the date of maturity and after completion of 5 policy years.

In the event of death of the life insured before the date of maturity, Sum Assured on Death plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable to the nominee, provided the policy is in - force.

In the event of death of the life insured before the date of maturity, the Death Benefit payable is Sum Assured on Death plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable to the nominee, provided the policy is in - force.

Sum Assured is payable, in case of death of the life insured before the date of maturity and during the first five policy years.

In case of death of the child, i.e. the Life Insured before the risk commencement then the nominee would get only the basic premiums paid till date.

In the event of death of the life insured before the date of maturity, but prior the date of commencement of risk, Return of Premium (excluding taxes, rider premium & extra premium, if any).

In the event of death of the life insured before the date of maturity, but after the date of commencement of risk, Sum Assured on Death plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable 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.

The nominee will be paid the life insurance benefit, in the case of unforeseen demise of the life insured before you attain an age of 85 years, subject to the policy being in operation and all the due premiums are paid.

it is important to know before taking policy becaz now a days after death of person so many life insurance companies rejecting death claim simply showing different logics / tactics which r not informed to life insured before taking policy not even mentioning in sales policy brochure & policy document which ultimately results laments to nominee.

Not exact matches

The slow upward flow of water insures that the short lived radioactive gases produced by fission die off before the reactor coolant reaches the above - ground portion of the plant (another bonus of gravity driven flow!).

Lastly, even if a beneficiary was properly named to secure creditor protection, the beneficiary may pass away before the life insured.

This payout is made over and above the Monthly Income payouts made before the death of the Life Insured.

This voluntary protection product, available from CMFG Life Insurance Company through CEFCU, reduces or pays off your insured loan balance up to the policy maximum should you die before the loan is repaid.

You test / underwrite potential insured lives before the policy is issued to assign policies to the proper rating class for them.

The person who is nominated to receive the benefits of the policy, in the event of Life Insured's unfortunate death before maturity date is called the Nominee.

Whether you're trying to insure your life, your car or your home, it doesn't take long before you're drowning in sub-clauses and riders.

Hindsight is 20/20... there were many mortgages insured by AIG before Greenberg left, and many mortgage bonds purchased by his life subsidiaries as well.

We've explained before how applying for life insurance is basically broken down into just 8 steps: you determine your coverage needs, get quotes, apply, take a paramedical exam, give additional health details, have your final rate determined, approve your policy, and get insured.

But keep in mind that loans from a life insurance policy will reduce the policy's cash value and death benefit, could increase the chance that the policy will lapse, and might result in a tax liability if the policy terminates before the death of the insured.

An optional add - on life insurance benefit that allows the insured to receive partial payment of the policy's face amount before dying in the case of terminal illness or injury.

A type of term life insurance that pays all premiums back to the policy owner at the end of the term if the insured is still living, or percentage of the premiums if the policy is cancelled before the term ends.

By definition, the paid up value of a life insurance policy is the value an owner receives from the insurer upon default or surrender or early termination of the policy before its maturity or the insured's death.

Living Benefits Rider With some life insurance policies, this rider enables insureds to receive a specified portion of the policy's death benefit before the policyowner insured's death if certain conditions are met.

For example, assume a male employee, age 40, entered into a split - dollar agreement with his employer before January 28, 2002, under which the employer pays all of the premiums, and in 2004 the employer paid a premium of $ 10,000 on a $ 1,000,000 life insurance policy insuring the life of the employee.

Existing laws and regulations that address life settlements include many requirements, including informational disclosures that owners and insureds must receive before a life settlement can be completed as well as licensing of life settlement brokers and life settlement providers (the policy buyers).

An optional add - on life insurance benefit that allows the insured to receive partial payment of the policy's face amount before dying in the case of terminal illness or injury.

The party or parties designated to receive the life insurance proceeds if the primary beneficiary where to pass away before or at the same time as the insured.

If the insured and the primary beneficiary have died before the death benefit was paid out, the contingent beneficiary receives the life insurance proceeds.

The person, people or organization that will receive life insurance death benefits if the primary beneficiary dies before the insured.

You may have heard before that if you insure yourself for life insurance and -LSB-...]

Each of these categories has multiple variations, but before worrying about the finer details, decide whether you need the insurance for a limited time period or for the life of the insured.

While life insurance companies frequently do not request medical and financial records from applicants before issuing a policy, they almost always do so when the insured dies within the contestability period.

(iii) You further declare that you will notify in writing any change occurring in the occupation or general health of the life to be insured / proposer after the proposal has been submitted but before communication of the risk acceptance by the insurance company.

But if the insured dies before telling the beneficiary where his or her policy is, the beneficiary may not be able to find it and claim the benefit, and it could join the billions of dollars in life insurance benefits that have gone unclaimed.

You can pay premiums for a permanent life insurance policy, as described above, or get a term life insurance policy, in which you'll pay premiums for a set amount of time (say, 30 years) before the policy runs out and you're no longer insured.

If the Life Insured commits suicide just in before reviving the policy, the nominee gets a higher of 80 % of the Surrender Value or premium paid.

We've explained before how applying for life insurance is basically broken down into just 8 steps: you determine your coverage needs, get quotes, apply, take a paramedical exam, give additional health details, have your final rate determined, approve your policy, and get insured.

It is up to the insured to renew the term life insurance policy before it expires in order to avoid a gap in coverage.

Insureds should do their due diligence before deciding to not purchase the far less expensive and more modern product of Term Life Insurance.

Before I forget to mention, life insurance companies especially like Term life insurance because in many cases they collect premiums for years and the insured outlives the policy.

Most states have provisions within their life settlement acts whereby one can sell their policy before the waiting period if they meet certain criteria (i.e. owner / insured is terminally or chronically ill, divorce, retirement, physical or mental disability, etc.).

Policy lapse during the life of the insured can cause the owner a single taxable event for the policy cash value growth accessed in or before the year of lapse.

In other words, if you were adequately insured and lived in a three - bedroom ranch before the disaster, your insurance company would pay to build a similar three - bedroom ranch.

Critics point to the rate of return being less than in a typical investment, obviously before the insured's death, the extra cost of the policy compared to basic term life insurance policies and that, if the policy is canceled at any time, no money is refunded.