Sentences with phrase «lump sum benefit immediately»

Policy continuance Benefit — in case of eventuality one can get lump sum benefit immediately on death to ensure financial security or can get future premiums waived off and ensure all other benefits are payable to the beneficiary.

Not exact matches

Included with this benefit is a Recovery Benefit that pays a lump sum amount when the insured returns to work at least 30 hours per week immediately after a period when residual disability benefits werbenefit is a Recovery Benefit that pays a lump sum amount when the insured returns to work at least 30 hours per week immediately after a period when residual disability benefits werBenefit that pays a lump sum amount when the insured returns to work at least 30 hours per week immediately after a period when residual disability benefits were paid.

If the policyholder is diagnosed with a terminal illness, a lump sum benefit of 50 % of the Guaranteed Maturity SA is paid immediately which is later offset form the benefits payable

The policyholder may additionally choose the disability benefit option under which, in case of death or disability of the insured during the tenure of the plan, the aggregate of all future premiums is paid which can be availed immediately in lump sum or can be invested in the fund where it will attract market linked returns.

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

However, if the nominee prefers to have a lump - sum benefit instead of a staggered benefit, the remaining payouts are discounted at the rate 5.25 % per annum and will be paid as lump - sum immediately.

In case of your unfortunate death, your family can claim the death benefit either as a lump sum, or 50 % immediately and the balance in installments.

Under the instalment option, 50 % of the benefit is paid in lump sum immediately on death and 60 % of the benefit is paid as a Family Income Benefit wherein 1 % of the benefit is paid every month following the month of death for up to 60 benefit is paid in lump sum immediately on death and 60 % of the benefit is paid as a Family Income Benefit wherein 1 % of the benefit is paid every month following the month of death for up to 60 benefit is paid as a Family Income Benefit wherein 1 % of the benefit is paid every month following the month of death for up to 60 Benefit wherein 1 % of the benefit is paid every month following the month of death for up to 60 benefit is paid every month following the month of death for up to 60 months.

In case of Decreasing Term option (Family Income Benefit), the nominee gets regular monthly incomes from the date of death of the life insured which can also be withdrawn at a lump sum immediately where the discounted value of the monthly income is paid

Immediate annuity plan = In immediate annuity plan, if you are above 30 years, you can pay a lump sum amount and then start earning annuity benefits immediately after retirement.

Death Benefit: Lump sum Death Benefit is paid immediately on death ensuring complete financial security for your loved ones.

Lump sum death benefit is paid immediately on death of Life Insured ensuring complete financial security for your loved ones in your absence

Total benefit paid = Rs. 2.05 crores (Rs. 1 crore paid immediately + Rs. 1.75 lakhs for 60 months) In case of an accidental death of Ramesh, Sheetal will get an additional payout of Rs. 50 Lakhs as lump sum.

In case the life insured is diagnosed with a critical illness (from a list of pre-defined critical illness covered under this benefit), a lump sum total of the guaranteed annual payouts, proportional to the premiums received, is paid out immediately to help with the treatment and other expenses.

In the event of the demise of the life insured, the nominees receive 12 times of the monthly income benefit in the policy year of death will be paid as lump sum immediately.

These benefits are in addition to the lump sum that is paid out immediately upon the death of the insured.

In case the life insured is diagnosed with a critical illness (from a list of pre-defined critical illness covered under this benefit), a lump sum total of the Guaranteed Annual Payouts, proportional to the premiums received, is paid out immediately to help with the treatment and other expenses.