Sentences with phrase «nominee as the death benefit»

Death Benefit — When the policyholder dies, 100 % of the sum assured is paid out to the nominees as a death benefit, irrespective of survival benefits already paid.

Upon your demise before the end of the policy term (99 years), the sum assured will be paid to your nominee as the death benefit

If the life insured dies within the policy tenure, the entire Sum Assured + accrued Bonuses would be paid to the nominee as Death Benefit

In case of death of the life insured within the policy tenure, the Sum Assured is paid to the nominee as death benefit and the policy terminates and nothing further is payable

If the policyholder dies within the policy tenure, the Sum Assured is paid to the nominee as death benefit and the policy terminates

Offers fund value as a survival benefit and sum assured or fund value or 105 % of premiums paid, whicher is higher is paid to the nominee as a death benefit.

The sum assured under the plan is paid as Lump Sum to the nominee as death benefit.

However, if the Life Insured dies within the Policy tenure, the higher of the Sum Assured or the Fund Value is paid to the nominee as Death Benefit

: Where the Sum Assured is paid to the nominee as the Death Benefit if the Life Insured dies within the policy tenure and the policy terminates.

In case of death of the Life Insured within the Policy Tenure, the Sum Assured would be paid to the nominee as Death Benefit and the policy would be terminated.

However, if the Life Insured dies within the policy tenure, higher of Fun Value or Sum Assured is paid to the nominee as Death Benefit and the policy terminates.

However, if the Life Insured dies within the Policy Tenure, higher of 10 times the Annualized Premium or the Sum Assured + accrued Bonuses would be paid to the nominee as Death Benefit and the policy terminates.

Not exact matches

In case of an unfortunate event of death, Rahul's nominee will receive Death Benefit as applicable under the Base Plan & will additionally receive Rs. 500,000 as a part of the Rider's Death Bendeath, Rahul's nominee will receive Death Benefit as applicable under the Base Plan & will additionally receive Rs. 500,000 as a part of the Rider's Death BenDeath Benefit as applicable under the Base Plan & will additionally receive Rs. 500,000 as a part of the Rider's Death BenDeath Benefit.

Family Care Benefit, is a unique proposition by way of which, a part of the life insurance benefit i.e. Rs 100,000 is paid as a lumpsum to the nominee in case of death of the life insured, within 48 hours ** of submission of all relevant claim docBenefit, is a unique proposition by way of which, a part of the life insurance benefit i.e. Rs 100,000 is paid as a lumpsum to the nominee in case of death of the life insured, within 48 hours ** of submission of all relevant claim docbenefit i.e. Rs 100,000 is paid as a lumpsum to the nominee in case of death of the life insured, within 48 hours ** of submission of all relevant claim documents.

As per Insurance Laws (Amendment) Act, 2015 — If an immediate family member such as spouse / parent / child is made as the nominee, then the death benefit will be paid to that person and other legal heirs will not have a claim on the moneAs per Insurance Laws (Amendment) Act, 2015 — If an immediate family member such as spouse / parent / child is made as the nominee, then the death benefit will be paid to that person and other legal heirs will not have a claim on the moneas spouse / parent / child is made as the nominee, then the death benefit will be paid to that person and other legal heirs will not have a claim on the moneas the nominee, then the death benefit will be paid to that person and other legal heirs will not have a claim on the money.

In case of your unfortunate death during the term of your life insurance policy, your nominee will receive the sum assured as the death benefit.

Term insurance has garnered importance in recent times as it is a policy which provides a life cover for a definite period of time and benefits the nominee of the deceased policy holder in case of his / her death.

On death of the policyholder, an amount which will be higher of the fund value as on the date of death or the Guaranteed Death Benefit is payable to the nomdeath of the policyholder, an amount which will be higher of the fund value as on the date of death or the Guaranteed Death Benefit is payable to the nomdeath or the Guaranteed Death Benefit is payable to the nomDeath Benefit is payable to the nominee.

These term plans are called level term plans in industry parlance as the nominees receive the same level of death benefit if the worst comes to pass during the tenure of the term policy.

The nominee can avail the death benefit in lump sum or choose to receive the monthly Family Income Benefit of 1.5 % of the Sum Assured as and when it accrues, i.e. following the date of death of the insured till the end of the benefit in lump sum or choose to receive the monthly Family Income Benefit of 1.5 % of the Sum Assured as and when it accrues, i.e. following the date of death of the insured till the end of the Benefit of 1.5 % of the Sum Assured as and when it accrues, i.e. following the date of death of the insured till the end of the tenure.

In the event of the passing away of the person insured, the nominee receives the Sum Assured plus Guaranteed Additions as part of the Death Benefit.

In the unfortunate event of the demise of the person insured, the nominee receives the Sum Assured as the Death Benefit.

In case of Rahul's unfortunate death during the 5th policy year, his nominee will receive the Sum Assured of Rs. 2,50,000 as Death Bendeath during the 5th policy year, his nominee will receive the Sum Assured of Rs. 2,50,000 as Death BenDeath Benefit.

The nominee receives the Sum Assured as the Death Benefit, thus protecting the loved ones in case of the sad demise of the policyholder.

The policy offers the Sum Assured as the Death Benefit, which is paid to the nominee, thus protecting the loved ones in case of the sad demise of the policyholder.

However, as per the succession laws, if a nominee is also a legal heir, he or she will be entitled to the share of the death benefit.

The nominee receives the Assured Sum as the Death Benefit; this works as a protective shield for the nominees in situations when the policyholder is no longer around to help them.

In the unfortunate event of the demise of the policyholder, the nominee receives the Sum Assured as the Death Benefit.

In case of unfortunate death of Nitin at the end of the 10th policy year, the nominee will receive the Death Benefit as given bdeath of Nitin at the end of the 10th policy year, the nominee will receive the Death Benefit as given bDeath Benefit as given below:

In case of death of the policyholder, the nominee gets higher of the basic SA or 10 / 7 times the annual premium or 105 % of all premiums paid as death benefit.

On the insured's death, the basic sum assured is paid as the death benefit to the nominee and the plan terminates.

The fixed amount paid by latter to the former is referred to as the premium payment and the lump - sum amount paid to the nominee in the event of the death of the latter if referred to as the death benefit.

Death benefit is paid as the total sum assured amount to the nominee of the policy in case of uncertain demise of the insured person of the policy.

If the insured person dies during the tenure of the policy, then the death benefit is paid to the nominee of the policy i.e. the child as the sum assured amount, which is 105 % of the total premium paid till demise.

The annuity will be payable in arrears post deferment period as per payment frequency chosen by you, for as long as either of the primary or the secondary annuitant is alive.Death benefit is payable as a lumpsum to the nominee, on later of the deaths of the two annuitants.

• On death of the annuitant, death benefit is payable as lumpsum to the nominee and no further amount will be payable.

Your nominee gets 105 % of sum assured along with bonuses (if any) as death benefits.

In the unfortunate event of his demise during the policy term, his nominee will receive a lump sum amount as death benefit.

Your nominee also has an option to take the Death Benefit as a lump sum benefit which is equal to outstanding monthly payouts discounted at 6.25 % per annum compounded Benefit as a lump sum benefit which is equal to outstanding monthly payouts discounted at 6.25 % per annum compounded benefit which is equal to outstanding monthly payouts discounted at 6.25 % per annum compounded yearly.

His wife, who is his nominee, receives the Death Benefit which is highest of the Base Sum Assured or Base Fund Value or 105 % of the premiums paid, plus an additional amount equal to Sum Assured as an accidental death benefit, as shown bDeath Benefit which is highest of the Base Sum Assured or Base Fund Value or 105 % of the premiums paid, plus an additional amount equal to Sum Assured as an accidental death benefit, as shownBenefit which is highest of the Base Sum Assured or Base Fund Value or 105 % of the premiums paid, plus an additional amount equal to Sum Assured as an accidental death benefit, as shown bdeath benefit, as shownbenefit, as shown below.

As a Death Benefit, the nominee will receive the sum assured.

Option A - Lump sum Protection Under this option, the Death Benefit shall be paid to the nominee as a lump sum in the event of dDeath Benefit shall be paid to the nominee as a lump sum in the event of deathdeath.

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

Lumpsum: When one opts for lump sum payout option, the nominee receives the death benefit as lump sum one - time pay.

In the event of death during the payout period, regular instalments as per the Maturity Benefits will be paid to the nominee.

In case of an untimely death of the insured, his nominee gets the death benefit as mentioned in the plan.

Option B - Income Protection Under this option, the Death Benefit shall be payable as Monthly Income (payouts made each month) to your nominee during the payout period as chosen by you at inception of policy.

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 %.

Death Benefit: The death benefit shall be payable to the nominee as per the payout option chosen based on the type of Death Benefit: The death benefit shall be payable to the nominee as per the payout option chosen based on the type oBenefit: The death benefit shall be payable to the nominee as per the payout option chosen based on the type of death benefit shall be payable to the nominee as per the payout option chosen based on the type obenefit shall be payable to the nominee as per the payout option chosen based on the type of plan.

(However, as per Insurance Laws (Amendment) Act, 2015 — If an immediate family member such as spouse / parent / child is made as the nominee, then the death benefit will be paid to that person and other legal heirs will not have a claim on the money)