Sentences with phrase «nominee in lump»

Step 3 — if the life insured dies during the term of the plan, the death benefit is paid to the nominee in lump sum.

In the case of death of the insured before the date of the maturity, then the benefits of death that are payable to the nominees in a lump sum amount are as follows:

Not exact matches

Lazio bowed out without endorsing Paladino, who he lumped in with Democratic nominee Andrew Cuomo as «flawed individuals.»

Also # 16 Cinematic Lump of Coal: The 11th Best Picture BFCA nominee (smh) is Star Wars, which I love but only in one category why not reopen all voting then?

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

On death before the vesting period, higher of the fund value or 105 % of premiums paid till the date of death is paid to the nominee who can either avail the death benefit in lump sum or avail annuity from it.

The benefit provides a payment of Rs. 1 lakhs of the Sum Assured in lump sum to the nominee within 48 hours of death of the insured if the company has been duly notified.

The nominee can choose either to receive annuity payouts from the death benefit partly or in full or withdraw the lump sum amount

In case of an unfortunate death of the policyholder, the nominee can either take a lump sum or receive a regular pension for the rest of the policy tenure.

In case of demise after premium paying term or during the payout period, the nominee receives the sum assured along with other benefits and the lump sum of payout left in the insured's accounIn case of demise after premium paying term or during the payout period, the nominee receives the sum assured along with other benefits and the lump sum of payout left in the insured's accounin the insured's account.

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 tenure.

For the second option, 50 % of the Sum Assured is paid immediately in lump sum to the nominee.

In case the insured dies after the completion of first 5 years of the policy, the nominee of the policy receives the basic sum assured + accrued guarantee addition + simple reversionary bonus + final reversionary bonus (if any), which can be paid as a lump - sum or as an annuity, or as a combination of two.

The nominee can avail the entire death benefit in lump sum or take 20 % of the benefit in lump sum on death and the remaining in annual instalments over a payout period of 10, 15 or 20 years @ 11 %, 8.37 % or 7.12 % respectively

The nominee has an option to avail the death benefit in lump sum or in instalments.

In case of detah of either of the spouse or both the spouse, a lump sum amount is paid either to the surviving spouse or to the nominee

The nominee can choose to either withdraw the amount entirely in lump sum or avail annuity from the amount.

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.

In the event that something untoward happens to the policyholder, the insurance company pays out a lump sum, referred to as the «sum assured, to the «nominee» specified in the policIn the event that something untoward happens to the policyholder, the insurance company pays out a lump sum, referred to as the «sum assured, to the «nominee» specified in the policin the policy.

Most insurance companies in India offer online money income plans that help the insured and his or her nominees to get a guaranteed monthly income along with a lump sum payment, if the plan allows, at the end of the plan tenure.

Also, in case of an unfortunate event, the nominee can opt to take the claim settlement benefit in five customizable options like equal or increasing monthly instalments or partially in lump - sum & balance in instalments.

Extra Life Option: Nominee receives a lump sum as well as an additional one - time payment in case of accidental death.

Yes, the nominee or the beneficiary can choose to receive the outstanding monthly incomes in a lump sum amount.

Accidental Death Rider: In the case of an accidental death of the insured, an additional amount equal to the sum assured plus the original sum assured in the lump sum will be paid to the nomineIn the case of an accidental death of the insured, an additional amount equal to the sum assured plus the original sum assured in the lump sum will be paid to the nominein the lump sum will be paid to the nominee.

Monthly incomes received and also the lump sum death benefit received is also tax - free in the hands of the nominee or beneficiary.

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

Accidental Death Rider: In case of an accidental death of the insured, an additional amount along with the sum assured in the lump sum is given the nomineIn case of an accidental death of the insured, an additional amount along with the sum assured in the lump sum is given the nominein the lump sum is given the nominee.

Lump sum + Regular Monthly Income Plan: Offers the nominee 50 % of the basic sum assured in a lump sum form and the balance amount in level monthly installments for 10 years in case if an uncertaiLump sum + Regular Monthly Income Plan: Offers the nominee 50 % of the basic sum assured in a lump sum form and the balance amount in level monthly installments for 10 years in case if an uncertailump sum form and the balance amount in level monthly installments for 10 years in case if an uncertainty.

One can also choose between a term plan that gives lump sum payout in the case of an eventuality or gives lump sum plus deferred incomes to the nominees

In case of an untimely demise of the life assured the nominee shall receive the rider benefit as lump sum.

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 deLump sum Protection Under this option, the Death Benefit shall be paid to the nominee as a lump sum in the event of delump sum in the event of death.

However, depending upon the plan or choice specified, the manner in which the nominee receives the payment (lump sum, income or both) may vary across plans.

Option 1 — if Ram dies during the term of the plan, 15 % of the Sum Assured is paid in lump sum 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.

In this case, his nominee will immediately get Rs 1 crore as lump sum.

Lump sum + Increasing Monthly Income: Offers the nominee 50 % of the basic sum assured in a lump sum amount and an increasing monthly income for next 10 years @ 12 % per anLump sum + Increasing Monthly Income: Offers the nominee 50 % of the basic sum assured in a lump sum amount and an increasing monthly income for next 10 years @ 12 % per anlump sum amount and an increasing monthly income for next 10 years @ 12 % per annum.

Life Cover: This is the most important benefit of life insurance where nominee of the policyholder gets a lump sum amount in case of an unfortunate death of the policyholder.

Full lump sum payout: Offers your nominee the basic sum assured in lump sum as specified in the policy schedule in case of an uncertainty.

This is a plan that provides the nominee with a lump amount as sum assured in case of the death of the insured.

Here, an amount of Rs. 1 lakh is paid in lump sum to the nominee within 48 hours of the death of the life insured, only in case of informing the company.

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 suIn 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 suin the form of lump sum.

On death of the insured, an amount in lump sum is paid to the nominee post which, a monthly amount is paid for 5 years or till 60 years whichever is later.

In this case, his nominee will immediately get Rs 10 Lakh as lump sum payment.

In case of death of policyholder, nominee will have the option to either select lump sum amount or regular monthly income.

There is a guaranteed sum assured along with bonuses which would be given in lump sum as the death benefit to your nominees.

The nominee on receiving the Death Benefit may withdraw the entire proceeds in a lump sum; or they may utilize the amount (partly or wholly) to purchase an annuity at the then prevailing rate from the Company.

In case of demise of the life insured when the dependent is alive 20 % of the sum assured + guaranteed bonus + terminal bonus if any is paid to the nominee as lump - sum amount and the rest 80 % of the sum assured is utilized to pay annuity for 15 years and life thereafter depending upon the age of the handicapped dependent.

In case of death post the first 5 years, the chosen Sum Assured under the LIC pension plan including the accumulated Guaranteed Additions, Simple Reversionary Bonuses and Final Additional Bonus, if any till the date of death is payable to the nominee who can avail the death benefit whether in lump sum or annuity or partly in lump sum and partly in annuity depending on his choiIn case of death post the first 5 years, the chosen Sum Assured under the LIC pension plan including the accumulated Guaranteed Additions, Simple Reversionary Bonuses and Final Additional Bonus, if any till the date of death is payable to the nominee who can avail the death benefit whether in lump sum or annuity or partly in lump sum and partly in annuity depending on his choiin lump sum or annuity or partly in lump sum and partly in annuity depending on his choiin lump sum and partly in annuity depending on his choiin annuity depending on his choice

The nominee can avail the entire death benefit in a lump sum amount or avail 50 % of the benefit in a lump sum and the rest 50 % in equal monthly instalments @ 0.42 % of the Guaranteed Death Benefit for 10 years post death.

The nominee can choose to take 100 % of the death benefit in lump sum or 50 % in lump sum and 60 % in instalments under the Family Income Benefit option