Sentences with phrase «life insured discontinue»
No surrender value is payable if life insured discontinue in first three policy years.
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In case of death of the life insured when the money is in Pension Discontinued Policy Fund, the PDP Fund Value is payable to the nominee.
In the event of death of the life insured of a discontinued policy, the discontinued fund value subject to a minimum guaranteed interest as stipulated by IRDAI as on the date of death is payable to the nominee / beneficiary.