Sentences with phrase «mentioned life cover amount»

Note: In case the fund value is greater than above mentioned life cover amount, then fund value will be paid

Not exact matches

In case the life assured passes away during the policy period, the insurance company pays the life cover amount (sum assured) to the nominee as mentioned in the policy document.

There is a Veterinary cost cover where if the customer lives at the insured premises the company will pay the amount mentioned in the schedule during any one period of insurance for veterinary expenses related to a cat or dog owned by the customer if it is injured in an accident

You may consider the below mentioned factors while calculating the amount of life insurance cover you may require.

Instead buy a pure term insurance plan for life cover and invest rest amount any other savings schemes mentioned above to save more income tax.

In case of death of the life insured during the policy term, the nominee / beneficiary receives an amount which is higher of life cover as mentioned in the policy, 10 times the annualized premium, if less than 45 years of age) and 7 times for 45 years or above, or 105 % of all the premiums paid (as on the date of death).