Sentences with phrase «main insured dies»
However, when the main insured dies, the full sum assured is paid to the beneficiaries.
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The main objective of life insurance is to provide financial funds in case an insured person dies so that their family members, significant others or any other beneficiaries can maintain their living standards.
The main difference between term life insurance and whole life insurance is with term life insurance, when the insured person dies, it just pays the face amount of the policy to the named beneficiary.
The main difference between an endowment plan and term insurance plan is as follows - In case of term insurance plans, a lump sum is paid to the beneficiary if the Life insured dies within the maturity period.
The main deviation between an endowment plan and term insurance plan is as follows - In case of term insurance plans, a lump sum is paid to the beneficiary if the Life Insured dies within the maturity period.