Sentences with phrase «life insured survives»

If the Life Insured survives the policy term and all the premiums are duly paid, the life insured will receive 100 % of your sum assured with accrued Guaranteed Additions.

In case the Life Insured survives till the completion of the policy term provided all premiums are duly paid, then 100 % of Sum Assured on Maturity is paid at the completion of policy term along with accrued Non-Guaranteed Annual Simple Reversionary Bonus and Non-Guaranteed Terminal Bonus.

If the life insured survives at the maturity date of the policy provided policy is in - force, vested bonus plus terminal bonus is payable.

In case the life insured survives at the end of the premium payment term, Guaranteed Monthly Income (GMI) is payable every month for the next 144 months, which starts from the end of the premium payment term.

If the Life Insured survives the policy term and all the premiums are duly paid, the life insured will receive the following as maturity benefit which depends on the policy term option chosen.

Life Annuity Certain for 10 Years: Annuitant receives annuity payout at a constant rate for the first 10 policy years and for life thereafter, in case the life insured survives beyond the period of 10 years.

In case of Rohit's survival, he receives annuity payout at a constant rate for the first 10 policy years and thereafter, the annuity is payable in case the life insured survives beyond the period of 10 years.

Life Annuity Certain for 15 Years: Annuitant receives annuity payout at a constant rate for the first 15 years and for life thereafter, if the life insured survives for more than the period of 15 years.

If the life insured survives at the maturity of the policy term, Sum Assured + Accrued Reversionary Bonuses + Terminal Bonus will be payable to the life insured.

Maturity Benefit: Sum Assured on Maturity, which is the Sum Assured applicable under the Policy, is paid if the Life Insured survives till the Maturity of the Policy and the policy is in force.

At maturity of the policy (in case the Life Insured survives till the maturity of the Policy and all premiums are duly paid), you receive:

If the life insured survives till completion of the policy term, the guaranteed maturity benefit equal to Sum Assured on Maturity plus Guaranteed Additions plus Loyalty Benefit.

and Sum Assured on Maturity as Maturity benefit at the end of the Policy term in case the Life Insured survives till that period and all premiums have been duly paid.

In the event the life insured survives to the end of the policy term, the company shall pay to the policyholder the aggregate of the following benefits:

Maturity Benefit: In case the Life Insured survives till the maturity of the Policy and all premiums are duly paid, then the benefits as mentioned below will be payable to the Policyholder on the date of maturity:

If the policy is in force and the Life Insured survives to the Maturity Date of the policy, then the maturity benefit equal to Sum Assured on Maturity will be payable which is 100 % of Single Premium along with Total Guaranteed Additions accrued during the Policy Term (excluding Mortality Premium, if any).

Pure Income Benefit Option: If the life insured survives during the benefit payout period (starts immediately after completion of the premium payment term till maturity of the policy), he / she will receive Annual Guaranteed Income, Special Additional Bonus, & Simple Reversionary Bonus.

If the Life Insured survives beyond 60 years of age, then he would get 5 % of the Sum Assured every year as Money Back Living Benefit till age 80.

Now, if the Life Insured survives the entire term, then he would receive basic Sum Assured + accrued Bonus.

The only difference is one policy doesn't pay anything on maturity and the other policy returns all the premiums on maturity if the life insured survives.

If the life insured survives the entire tenure of the policy then on maturity the life insured doesn't get anything.

If the life insured survives till the end of the policy term, Sum Assured on Maturity + Vested simple reversionary bonus + Final Additional Bonus (if any) is payable to the policy holder.

You will also find there are Term Insurance plans with the return of premium (TROP) which return the premium paid at the time of completion of the policy term in case life insured survives the policy term.

It also returns all the premiums, in case the life insured survives throughout the policy term.

In case the life insured survives till end of the policy term, he / she is entitled to receive all the premiums paid excluding taxes, rider premiums, and additional premiums, if any.

It is however paid if the life insured survives the waiting period of 30 days after the date of diagnosis.

This is a Double Death Benefit Plan if the life insured survives till the end of the policy term.

The critical illness benefit is paid as a lump - sum if the Life Insured survives for at least thirty days.

Thus, if the Life Insured survives till the age of 100 years, then the entire Sum Assured + Loyalty Bonus is paid out and the policy terminates.

Maturity Benefit — Upon maturity of the plan (if the life insured survives the policy term), the life insured is paid out:

Maturity Benefit — If the Life Insured survives the maturity of the Policy with all premiums paid, they receive a Guaranteed Payout as a percentage of the Sum promised during the Maturity Payout Period, and 100 % of the Sum which is certain to be paid on maturity, is paid at the end of the 20th year.

If the Life insured survives till the closing of that specified period (maturity period), he will be paid the lump sum assured along with bonuses (if any) by the Insurance Company.

Maturity Benefit: in case the life insured survives the entire tenure of the policy then a basic sum assured amount along with the accrued bonus or simple reversionary bonus is paid to the insured as maturity benefit after the completion of whole policy year.

If the life insured survives the whole tenure of the policy, then the sum assured on maturity i.e. 40 % of the basic sum assured + simple reversionary bonus + final additional bonus (if any) is payable after the maturity of the policy.

If the Life insured survives till the end of that specified period (maturity period), he will be paid the lump sum assured along with bonuses (if any) by the Insurance Company.

Maturity Benefit: Sum Assured on Maturity, which is the Sum Assured applicable under the Policy, is paid if the Life Insured survives till the Maturity of the Policy and the policy is in force.

In case the Life Insured survives till the maturity of the Policy and all premiums are duly paid, then the benefits as mentioned below will be payable to the Policyholder

and Sum Assured on Maturity as Maturity benefit at the end of the Policy term in case the Life Insured survives till that period and all premiums have been duly paid.

Maturity Benefit: In case the Life Insured survives till the maturity of the Policy and all premiums are duly paid, then the Maturity benefit shall be paid as Sum Assured on Maturity to the policyholder for all premium payment term and policy terms.

If the life insured survives till the Maturity of the Policy and all the Premiums are duly paid, then he will receive 100 % of Sum Assured on Maturity.

Maturity Benefit: In case the Life Insured survives till maturity and all due premiums have been paid till the date of maturity, Maturity Benefit will be payable to the Policyholder as Sum Assured on Maturity equal to the chosen Sum Assured.

Not exact matches

If a corporation owns life insurance and the insured dies, then the death proceeds become part of the general assets of the corporation and the value of the stock owned by each surviving shareholder will be increased by an amount proportionate to his or her interest.

This type of policy insures the lives of two people, typically a married couple, and pays a death benefit after the death of the last - surviving covered person.

The insurance policy will provide a return of capital at the death of the insured (you), with the lifetime income stream continuing for the surviving spouse or stopping if the annuity was just life - only on you.

Life — Endowment - insurance that pays the same benefit amount should the insured die during the term of the contract, or if the insured survives to the end of the specified coverage term or age.

If the insured dies, life coverage is given and if he survives, child gets surviving benefits.

Being a pure Term Insurance Plan, no benefit will be payable to the life insured on maturity of this LIC term plan if he or she survives the entire duration of the policy

In case the insured survives till the maturity of the Max Life term plan, he or she will get 100 % of the total premiums paid under the Max Life term plan

They are also well - suited to people who know for certain their need for life insurance coverage will be temporary — in other words, they feel their surviving family members will no longer have a need for the extra protection life insurance provides or that they will have accumulated enough liquid assets to self - insure.

Pyramid's Senior Life which is a whole life insurance policy was developed to pay for final expenses, care for surviving spouse, mortgages and financial obligations or for charitable contributions upon the insured's passLife which is a whole life insurance policy was developed to pay for final expenses, care for surviving spouse, mortgages and financial obligations or for charitable contributions upon the insured's passlife insurance policy was developed to pay for final expenses, care for surviving spouse, mortgages and financial obligations or for charitable contributions upon the insured's passing.