Sentences with phrase «lump sum death»

In case of an unfortunate demise of Ravi in the 70th policy year (at age 100 years), the nominee shall receive the lump sum death benefit of Rs. 7,00,035, which is higher of the Base Sum Assured and 105 % of total annualised premiums paid as on the date of death.

On death during the Policy Term, the nominee will have an option to select either a) Lump sum Death Benefit or b) Income for 10 years post death

Option 1 - Lump sum Death Benefit: In case Mrs. Gupta chooses lump sum Death Benefit, she will get a one time payment of Rs. 12,75,000 / -(calculated as 12.75 times of one Annualised Premium)

In case of death of the insured executive, the firm receives a lump sum death benefit.

In the event of death of the insured during the policy term, a lump sum Death Sum Assured is payable, which is higher of Base Sum Assured, Maturity Sum Assured, or 105 % of all the premiums paid.

The product's main feature is that it doesn't (DOES NOT) offer a lump sum death benefit.

Scenario B: Mohan dies during the Term of the Policy In the event of the demise of Mohan at the age of 80 years, his nominee will receive the Purchase Price of Rs 5 Lacs as lump sum death benefit.

The lump sum death benefit may be used for repaying the outstanding loan amount.

On Death of the Life Insured during the Policy Term, lump sum Death Benefit equal to Guaranteed Sum Assured on Death (GSAD) will be payable to the nominee.

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

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

In the event of death of the life insured during the policy term, lump sum death benefit as Guaranteed Death Sum Assured (GDSA) is payable to the nominee.

Option 1 - Lump Sum Death Benefit: Upon choosing lump sum death benefit option by the nominee, she will receive a one time payment of Rs 12.75 lacs (12.75 times of annualized premium)

Once these two years have passed, the full lump sum death benefit amount will go to your chosen beneficiary regardless of the cause of death.

Death Benefits: If the insured passes away during the term of the policy, the nominee receives a lump sum Death Benefit, which is computed as the highest of the following:

However, your life insurance remains in force and will pay a lump sum death benefit to your beneficiary when you die.

If you're looking to protect your own life in some way and allow a family member to receive a lump sum death benefit should you pass away, take a look at the policies below and see if any meet your needs.

One way to provide both a lump sum death benefit if you die or an income benefit to help with LTC costs, is through life insurance with long term care rider.

Else, it is advisable to opt for lump sum death benefit pay out option.

The policyholder pays a regular premium, and upon their death, the survivor receives a monthly income for life, instead of a lump sum death benefit.

In the unfortunate event of demise of a parent, child plans come bundled with the feature of premium waiver as well as a lump sum death benefit offered to the surviving child at maturity.

Not only will the policy pay a lump sum death benefit to your beneficiary, but the death benefit can also be accessed early due to terminal illness.

Term life insurance is defined as a contract between the owner of the policy and the insurer, for a policy on the life of the insured, whereupon the insured's death, the insurer pays a lump sum death benefit to the beneficiary.

The cash received from a lump sum death benefit payout to your beneficiary is not taxable to your beneficiary as income.

A whole life policy pays a guaranteed lump sum death benefit to your beneficiary.

The various benefits of this plan include: — ● Participating whole life endowment plan ● Participation in profits by way of bonuses ● Lump sum death benefit ● Option to pay regular premium payments ● Continuity of plan even after maturity

These policies are combination long - term care life insurance contracts that provide you with many benefits, such as a guaranteed lump sum death benefit, guaranteed long - term care benefit, cash value growth and potential return of premium.

Offering support for school education: Besides getting the lump sum death benefit, the beneficiary is authorized to receive 10 % of Sum Assured every year, subject to a maximum of 10 and a minimum of 3 such installments, to cover for the annual education expenses of the child.

If you die during the term, the insurer will pay a lump sum death benefit to your designated beneficiary.

The company pays out a lump sum death benefit to the beneficiary of the policy upon the death of the insured.

Under the plan, the policyholder gets a lump sum death benefit in case of premature death during the plan term.

Both IUL and VUL policies provide permanent coverage, pay a lump sum death benefit to your beneficiary and provide cash value growth and access to your cash value via withdrawals or loans.

The policy provides a lump sum death benefit, cash value accumulation, potential dividends and reimbursement for long term care costs.

If you die during these years, the term policy is there to provide a lump sum death benefit to your survivors.

The nominee has the option at the time of claim settlement to take lump sum Death Benefits as the discounted value of outstanding instalments.

For Example - If Rs 1 crore term plan is selected then upon an eventuality (death of the life insured) whole lump sum death benefit of Rs. 1 crore will be paid to the nominee.

There is a lump sum death benefit if you die; there is a long term care benefit if you need help with LTC services; and there is a return of premium option if you decide to surrender the policy.

Additionally, it's probably best not to count on the lump sum death payment from Social Security to pick up the slack.

On his death, his family gets a lump sum death benefit of Rs. 90 lacs and the Policy terminates.

So, even if the entire death benefit is advanced due to long term care needs, the policy will still pay a lump sum death benefit to your beneficiary when you die.

And having immediate liquidity in the form of a lump sum death benefit avoids having to sell off assets in order to raise cash.

The good news is, that apart form your stand alone long term care insurance companies, there are newer hybrid long term care life insurance policies available that provide both lump sum death benefit protection, coupled with long - term care protection.

6) His nominee receives the Purchase Price of Rs. 5 lakh -(Premium paid excluding service tax) as lump sum Death Benefit

Many people are choosing this type of life insurance with long - term care rider because it provides coverage for LTC and a lump sum death benefit.

Your family can use the lump sum death benefit pay - out for many major expenses.

Monthly incomes received and also the lump sum death benefit received is also tax - free in the hands of the nominee or beneficiary.

AXA's long - term care life insurance provides the benefits of life insurance, including cash value accumulation and a lump sum death benefit, combined with long - term care insurance to provide for the costs associated with LTC services.

Cash value life insurance pays a tax free lump sum death benefit to your beneficiary.

If you're to pass away while under the term, your beneficiary will receive a lump sum death benefit.

Some companies will allow you to choose a special election to pay your policy out over a series of years, rather than a lump sum death benefit.