Sentences with phrase «lump sum assured»

The benefits include regular hospitalization benefits on floater basis and provides lump sum assured payment in the event of death

In such policies, the lump sum assured is immediately paid out if you are diagnosed with cancer.

It offers the lump sum assured at the maturity of the policy or in case of early death of the policy holder.

If the insured dies early, that is before the policy maturity period, his beneficiaries will receive the lump sum assured by the insurer.

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.

Which means, in the unforeseen circumstance of parent's death, the child is not obligated to pay future premiums, gets the lump sum assured, and another payout at the time of maturity of the plan.

Maturity benefit: On the maturity of the policy, both guaranteed additions and loyalty additions are paid out along with the lump sum assured.

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.

If the insured dies early, that is before the policy maturity period, his beneficiaries will get the lump sum assured by the insurer.

The company not only pays a lump sum assured at the time of your death, but it also pays back all the premiums you paid as the maturity amount.

Not exact matches

And when choosing between, say, a traditional check - a-month pension vs. a lump - sum cash out, many people still tend to put too little value on assured lifetime monthly checks.

When you pay for your renters insurance in a lump sum, you also are assured that your coverage remains in force.

Once your premium payment term comes to an end, you receive a lump sum cash pay - out of 50 % of the «Sum Assured on Maturity».

For a small / regular premium, people could assure themselves of an increasingly valuable financial asset which transforms into a large lump - sum payment upon death.

These plans offer the nominee a certain percentage of the sum assured at regular intervals and pay out a lump sum amount at the time of maturity.

Its actually an additional cover, 1 crore sum assured as lump sum and 40ooo per month for next 10 years, total cover amounting to 1.48 crores.

But keeping the time value of money in mind, insurance companies charge lesser premium for such a plan compared to the lump - sum payout term insurance plan, for a specific Sum Assured.

While most lump - sum payout plans have a fixed Sum Assured benefit, some may offer higher or lower benefit depending on the time of death.

The benefit provides a payment of Rs. 1 lakhs of the Sum Assured in lump sum to the nominee within 48 hours of death of the insured if the company has been duly notified.

HDFC Life Uday - This plan involves assured bonuses and additions with an additional; benefit of offering lump sum to the relatives of the plan - holder in case of their death.

This type of health insurance plan is an online insurance plan that assures a lump sum payment on the diagnosis.

Under the option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in equal monthly instalments for a period till which the policyholder's child attains 21 years of age.

In case of an unfortunate event, the claim amount is received by the appointee till the child gets matured and capable of handling the lump - sum payout of sum assured.

Under the first option a lump sum benefit equal to the Sum Assured is paid.

Income Option — under this HDFC term insurance plan, 10 % of the Sum Assured is paid in lump sum immediately on death of the life insured.

In case of demise after premium paying term or during the payout period, the nominee receives the sum assured along with other benefits and the lump sum of payout left in the insured's account.

Term insurance ensures that your family gets a large lump sum amount, i.e. sum assured after your death to lead a financially stable life.

Under the second option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in equal monthly instalments @ 0.58 % of the Sum Assured for 10 years.

On maturity, a lump - sum amount along with Assured Sum and guaranteed accrued is received by the insurer.

The nominee receives 10 % of the Sum Assured on the death of the life insured as a lump sum amount.

The lump sum of money assured by the Insurer will be given to the Insured if he survives until the policy matures.

Under the third option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in increasing monthly instalments increasing at a simple rate of 12 % per annum for 10 years.

The nominee can avail the death benefit in lump sum or choose to receive the monthly Family Income Benefit of 1.5 % of the Sum Assured as and when it accrues, i.e. following the date of death of the insured till the end of the tenure.

With a combination of lump sum and monthly installments, you can rest assured that in your absence, your family would be financially secure.

For the second option, 50 % of the Sum Assured is paid immediately in lump sum to the nominee.

In case the insured dies after the completion of first 5 years of the policy, the nominee of the policy receives the basic sum assured + accrued guarantee addition + simple reversionary bonus + final reversionary bonus (if any), which can be paid as a lump - sum or as an annuity, or as a combination of two.

In case of death, the Sum Assured plus the Fund Value plus a lump sum benefit equal to the aggregate outstanding premiums are paid

The Death Benefit is equal to the Sum Assured and paid as a lump sum amount.

There is also an inbuilt Terminal Illness Benefit wherein 25 % of the Sum Assured is paid immediately in lump sum if either of the insured is diagnosed with a Terminal Illness

For instance, If the sum assured is Rs 5 lakh and the insured suffers an eventuality, death or disability, as the case may be, the beneficiary will be paid out a lump sum of Rs 5 lakh.

Death Benefit - In case of the demise of the insured within the initial 5 years of the policy issued date (i.e. before the vesting date), a basic sum assured plus accrued guaranteed addition in paid to the policy beneficiary either in a lump - sum or as the annuity or as a combination of two.

In the event that something untoward happens to the policyholder, the insurance company pays out a lump sum, referred to as the «sum assured, to the «nominee» specified in the policy.

At the end of the policy term when the policy matures, the policyholder receives a lump sum that is equal to 50 % of the Sum Assured plus any declared Compound Reversionary bonus and Terminal Bonus if any.

This online term plan is designed to pay out the entire sum assured as lump - sum on death of the policy holder or on diagnosis of Terminal Illness.

A traditional insurance plan pays an assured lump sum, in case of the insured's demise.

After the death of policyholder, lump sum amount is given to the nominee, equal to the total of sum assured of the policy + simple reversionary bonus + additional bonus if any.

Accidental Death Rider: In the case of an accidental death of the insured, an additional amount equal to the sum assured plus the original sum assured in the lump sum will be paid to the nominee.

Lump sum partial withdrawals can be made from your funds after 5 complete policy years, provided the Life Assured is at least 18 years of age.

The sum assured will be paid in lump sum on diagnoses of any of the four critical illnesses mentioned above

However, she finds some solace when she receives the lump sum amount of Rs 3,30,076 as death benefit, which is calculated as higher of Sum Assured on Death or 105 % of premiums paid (excluding any extra premium).