Sentences with phrase «nominee during the policy term»

There are provisions to change the nominee during the policy term because the nominee is only required in case of demise of the insured.

Not exact matches

In case of an unfortunate event during the Policy Term, the sum of the following benefits will be payable to the Nominee, subject to the Policy being in force:

Death Benefit: In case of death of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highest of:

In case of death of the Life Insured during the Policy Term, the Sum Assured on Death will be payable to the Nominee or the Policyholder as the case may be, subject to Policy being in force.

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.

In term insurance, a pre-determined amount of money is paid to the nominee on demise of life assured during the policy period.

In simple terms life insurance pays out a lump sum amount to the nominee in - case the insured dies during the policy term.

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.

Note: The policy also offers the death benefit in terms of a sum assured to the nominee, in case the policyholder dies during the policy term.

If, during the policy term the policyholder passes away, the nominees receive a Death Benefit that takes care of their financial needs in the absence of the policyholder.

If the policyholder dies during the policy term, LIC is liable to pay all the benefits along with the sum assured to the nominee.

In case of the Life Assured's unfortunate demise during the Policy term, provided all due premiums have been paid, we will pay to the nominee the «Sum Assured on Death» The «Sum Assured on Death» shall be the highest of:

I want to purchase a term life insurance policy, please suggest me how it will be beneficial for me and if made my wife as nominee how she will get benefit if any thing happens during the policy period.

On death of the Life Assured during the policy term, provided the policy is in - force as on the date of death and all due premiums have been paid, the nominee will receive higher of:

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

In case of your unfortunate demise any time during the Policy Term, the Death Sum Assured will be payable to your nominee as under:

In case of death of the person insured anytime during the Policy Term, the nominee will receive Death Benefit.

The nominee receives the sum assured in the case of an untimely demise of an insured during the policy term.

If the policy holder dies during the policy term, the nominee of the policy holder gets Sum Assured.

Death Benefits: If the policyholder dies during the term of the policy or after the premium paying term (PPT), the nominee shall be paid the higher of

SBI will pay the Sum Assured to the nominee in the event of the untimely demise of the insured during the policy term.

In the absence of the insured person during the during the policy term, then death benefit is payable to the nominee.

In the event of an unfortunate demise of the Life Assured during the Policy Term, the Death Sum Assured is paid to the nominee.

Income replacement option this plan ensures that your income is replaced and continues to be paid to your nominee in case you're not around for the return of premium option if you survive your policy term then all your premiums paid till date will be returned on debt or diagnosis of terminal illness during the term a lump sum benefit will be paid to your nominee lifelong protection option this plan ensures that you are protected for your entire life.

• On death of any insured group member during the policy term, the Sum Assured will be payable to the nominee / legal heir of that member

Be assured that your nominee will receive a guaranteed death benefit of 105 % of all premiums paid by you, should you pass away during the term of the policy

If the insured dies during the policy term, then the death benefits are paid to the nominee.

In case of your unfortunate death during the policy term your nominee will receive the death benefit

But the policy will continue and the insurance company will pay a lump sum of Rs. 1 crore on the death of the surviving partner during the policy term to the nominee and terminate the policy.

In case of demise of the Life Assured during the Policy Term, while the policy is in force, the nominee receives the highPolicy Term, while the policy is in force, the nominee receives the highpolicy is in force, the nominee receives the higher of:

In case of sudden death during the policy premium paying term, his / her family or nominee will get «Sum assured on Death» + vested Simple Reversionary Bonuses + Final Additional Bonus, if any as Death benefits.

In the event of the unfortunate death of the life assured during the policy term and if all due premiums have been paid, the above mentioned Death Benefit will be paid to the nominee in the form of lump sum.

In case of unfortunate demise of Life Assured, during the Policy Term, the nominee shall receive Death Sum Assured, The Death Sum Assured shall be highest of the following:

Death Benefit: In case of death of the insured during the policy period, TATA AIA iRaksha Supreme Term insurance plan will pay your nominee death benefit which is higher of:

In case of an unfortunate demise of the Life Assured during the Policy Term, provided all due premiums have been paid till the date of death, the benefit payable to the nominee is the higher of:

Death benefit is paid to the nominee if the policy holder dies during the policy term.

The sum assured is given to the nominee in case of an untimely demise of an insured during the policy term.

The policyholder can anytime during the policy term, entitle a nominee for the benefits of the plan in the event of the death.

Upon the diagnosis of terminal illness / death of the policy holder during the policy term, a lump sum benefit is paid out to the nominee.

In case of your demise during the policy term, the decided cover amount is paid to your nominee.

In case of unfortunate death at any time during the policy term, the benefit received by the nominee / claimant will be Rs. 12,00,000 paid over 240 equated monthly installment.

Furthermore, if you should die unexpectedly during the policy term, your nominee will receive the full sum assured.

Increasing Term Assurance — an option under which the Sum Assured chosen at the time of inception of the SBI term insurance policy increases every year @ 5 % and on death of the insured during the SBI term insurance plan tenure, the Sum Assured as on the date of death is paid to the nomTerm Assurance — an option under which the Sum Assured chosen at the time of inception of the SBI term insurance policy increases every year @ 5 % and on death of the insured during the SBI term insurance plan tenure, the Sum Assured as on the date of death is paid to the nomterm insurance policy increases every year @ 5 % and on death of the insured during the SBI term insurance plan tenure, the Sum Assured as on the date of death is paid to the nomterm insurance plan tenure, the Sum Assured as on the date of death is paid to the nominee

Term insurance is the simplest form of life insurance plan that offers comprehensive life coverage over a period of time and in case the insured person dies during the tenure of the policy, the guaranteed death benefit is payable to the nominee of the policy.

In an endowment policy, if the insured dies during the term of the policy, the nominee receives the sum assured plus the bonus or participating profit or guaranteed additions, if any.

Also, the entire sum assured for the disease (heart or cancer) is paid to the nominee, in case the policyholder dies during the policy term.

If all due premiums are paid, then, in case of unfortunate death of the life assured during the policy term, the Sum Assured on Death as mentioned below will be payable as death benefit to the nominee:

Should Akash die due to an accident during the policy term, the nominee will receive the death sum assured (which is 125 % of Rs. 3,00,000), the additional accident sum assured (Rs. 3,00,000) as well as the accrued bonus.

In case of unfortunate death of the life assured during the policy term, provided all the due premiums have been paid under the policy, the death benefit payable to the nominee shall be as follows

If the policyholder expires during the policy's term, it will immediately bestow the death benefit along with the accumulated bonus till date to the nominee.