Sentences with phrase «nominated by the policyholder»
The insurer shall refund 80 per cent of the paid premiums to the person nominated by the policyholder.
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Death Benefit: In case of sudden demise of the policyholder during the tenure of the policy, the Sum Assured at the time of Death along with the acquired Bonuses are paid to the person nominated by the policyholder.
Nominee is the person nominated by the policyholder to receive the benefit under a life insurance policy during settlement of claim.
Not exact matches
Wherein, if the policyholder passes away, 100 % of the purchase price net taxes and cesses are received by the person you nominated.
The policyholder can nominate a person (the beneficiary) to receive the Death Benefit in the event of the demise of the life insured or make a change in nomination at any time during the tenure of the plan, provided the plan is in force, by submitting a written request to the insurance company.
The policyholder of a life insurance on his own life may nominate a person or persons to whom money secured by the policy shall be paid in the event of his death.