After this term if death occurs, then the balance 50 % sum assured is paid to
the nominee after death of the insured.
Vikas, Term insurance amount received by
nominee after death of insured is tax free as per section 10 (10D) of the income tax act
Not exact matches
Whole - Life Plan — insurance company collects premium from the
insured till the retirement or the term
of the policy and pays the claims to the
nominees only
after the
death of the
insured person.
After death of the
insured, the remaining fund is paid to the
nominee.
This is a dual
death benefit plan under which a complete sum assured is paid in the first option and in the second option
after death of the
insured, the insurance company pays 50 %
of the total sum assured immediately to the
nominee of the
insured and the remaining amount is paid monthly as a regular income at 3 %.
In the 3rd option, if the
insured is less than 45 years, then
after his
death, 10 times
of the annual premium or 7 times the annual premium (if the
insured is above 45 years) to the
nominee / beneficiary.
it is important to know before taking policy becaz now a days
after death of person so many life insurance companies rejecting
death claim simply showing different logics / tactics which r not informed to life
insured before taking policy not even mentioning in sales policy brochure & policy document which ultimately results laments to
nominee.
In this child insurance plan the sum assured plus bonus is paid straight away to the
nominee on
death of the life
insured after commencement
of risk.
3rd option is
death benefit or accelerated critical illness plus waiver
of premium benefit wherein the
nominee gets paid the sum assured only
after the
insured's
death.
In the event
of death of the life insured before the date of maturity, but after the date of commencement of risk, Sum Assured on Death plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable to the nom
death of the life
insured before the date
of maturity, but
after the date
of commencement
of risk, Sum Assured on
Death plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable to the nom
Death plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable to the
nominee.
If the Life
Insured dies
after the Fund Value has been transferred to the Discontinuance Policy Fund, We will close the Unit Account and the value
of Units in the Discontinuance Policy Fund on the date
of death of Life
Insured shall be paid to You or the
Nominee.
Hello I would like to share my master plan
of new जीवन anand policy My age is 30 I have purchased 7 policies
of 1 lac sum assured and each maturity year term 26 to 32 I purchased in 2017 Along with I have purchased 3 policies
of same jivananad
of 11lac each Maturity year term 33,34,35 Now what will I have to pay is rs, 130000 premium per year means 370rs per day At age
of 55 in year 2047 I will start getting return,
of, 3lac maturity per year till 2054 For 7policies
of i lac I buyed for safety
of paying next 10 years premium
of 130000 As year by year my liability goes on decreasing and at the age
of 62 to 65 I get my major part
of maturity amount around 16000000 one crore sixty lac Along with 4000000 sum assured continued for rest
of life So from above example it is true that you can make money to make money for you You can enjoy a large sum by just paying 370 per day and you will feel you have earned 19000000 / 35 years = 1500 per day And assume if I die
after 5 years then in this case also my spouse will get 7500000 as
death claim against 650000 paid premium Whats bad in this A asset is getting created for you It is a property
of 2 crores which you are buying for 35 year installment If you make fd
of 2000000 Lacs against this policy u will get 135000 interest per year to pay for 35 years If u buy a flat for 20 lack in 2017 there is no scope
of valuation
of Flat will be 2 crores But as I described you are creating a class asset for your beloved easily just investing 10500 per year for 35 years And too buy a term
of 50 Lacs with it And rest you earn deposit in ppf Keep in mind if you will survive then only ppf will create corpus for you but in lic your family is
insured to a higher extent till 1 crore with term including And its sufficient if you are earning 100000per Month no problem for investing
of 10 % in New जीवन anand with rest 90 % you go with ppf, mutual funds, equity, gold, lottery, real estate any thing but keep 10 % for new jeewan anand it's a class if you understand it properly and
after all if you rely only on term there are more chances
of rejecting claims as one thing is sure cheap things just come under warranty but lic brand is guaranteed because in case
of demise if your
nominee doesn't get claim then your all hardwork is going to be waste so think and invest take long term and bigger sum assured for least premium You can assign your policy for taking flat or property it is a legal asset
of you But term never.
The
nominee has an option to take the cash value
of the
death benefit on or
after the
death of the life
insured.
Term Plans are the plans for risk coverage, and the
nominee is financially indemnified
after the
death of the
insured during the policy term.
ON
DEATH: After the commencement of risk if insured dies, nominee will get SUM ASSURED on death and vested simple reversionary bonuses and final additional bonus, if any, shall be pay
DEATH:
After the commencement
of risk if
insured dies,
nominee will get SUM ASSURED on
death and vested simple reversionary bonuses and final additional bonus, if any, shall be pay
death and vested simple reversionary bonuses and final additional bonus, if any, shall be payable.
Now
after 5 year's
of the policy if the person is not in the job and does not have regular income and in case a claim is made on
death of the
insured, should the
nominee prove that the person was earning that CTC at the time
of death.Also please suggest a best term policy for 1 crore iam 38 yrs now and non tobacco user.Also is there any term policy which settles sum assured in case
of permanent disability.
This payment is over and above lump sum payment on diagnosis
of the illness and is paid to the
nominee even
after the
death of insured person.
This is a scheme where the assured amount with accrued bonus is payable to the assignee,
nominee or the legal heir
after death of the
insured.
In this plan, the sum assured together with bonus is directly given to the
nominee on the
death of the life
insured after the commencement
of risk.