On death of the life assured during the policy term, company pays chosen monthly benefit, increasing at 5 % every policy year to
the nominee till the end of policy term or 5 years, whichever is later.
Not exact matches
In this plan death benefits given to the
nominee is the fund value
of your
policy or 105 %
of the premium paid
till the
end, whichever is higher.
Policy continues even after the death of policyholder till the maturity and nominee get the maturity value of the policy at the end of the p
Policy continues even after the death
of policyholder
till the maturity and
nominee get the maturity value
of the
policy at the end of the p
policy at the
end of the
policypolicy.
If the policyholder dies within the annuity period
of 5/10/15 or 20 years from the
policy commencement date, annuity is payable
till the
end of 5/10/15 or 20 years to the
nominee.
Further, 10 %
of the Sum Assured is paid to the
nominee, every year
till the
end of the
Policy Term, as Income benefit.
In addition, the
nominee also gets the Income Benefit, which is 10 %
of the Sum Assured, every year
till the
end of the
policy term, from the date
of death
of the
policy holder.
DHFL Pramerica Family Income Plan is a decreasing term plan offered by DHFL Pramerica Life Insurance wherein the death benefit may either be payable in a lumpsum to the
nominee or in equal monthly installments
till the
end of the
policy tenure.
Return
of Premium Option: If the policyholder survives
till the
end of the
policy term, he will receive the total premiums paid under this plan option.In case of life assured's death or being diagnosed with any of the Terminal Illness during the Policy Term a Lumpsum benefit will be paid to the no
policy term, he will receive the total premiums paid under this plan option.In case
of life assured's death or being diagnosed with any
of the Terminal Illness during the
Policy Term a Lumpsum benefit will be paid to the no
Policy Term a Lumpsum benefit will be paid to the
nominee.
Death Benefit: If the policyholder dies before the
end of the
policy term, the
nominee shall be paid higher
of the fund value or sum assured (minus partial withdrawals, if any) or the minimum death benefit that is 105 %
of the total premium paid
till the date
of the death
Death Benefits: If the policyholder dies before the
end of policy term, the
nominee shall be paid the higher
of the sum assured (minus partial withdrawals, if any) or the total fund value or 105 %
of the total premiums paid
till the date
of the death
Chosen «Monthly Benefit» will be paid monthly in arrear increasing at 5 % every
policy year to the
nominee till the
end of the term OR 5 years, whichever is later on death
of life assured, payable when the unfortunate event
of death
of life assured has been confirmed.
o Monthly Income Benefit: In case
of death
of the life insured during the
policy term, the
nominee is entitled to receive the monthly income that starts from the date
of death
till the
end of the
policy term, subject to a guaranteed payout for a minimum period
of 36 months.
On death
of the Life Insured anytime during the term
of the
policy, the policy shall continue till the end of the Policy Term and the nominee shall get the following ben
policy, the
policy shall continue till the end of the Policy Term and the nominee shall get the following ben
policy shall continue
till the
end of the
Policy Term and the nominee shall get the following ben
Policy Term and the
nominee shall get the following benefits:
In the fortunate cases when the policyholder survives
till the
end of the
policy term, you (the policyholder) or the
nominee don't receive any sum as a part
of this plan.
In case
of unfortunate demise before the
end of policy term, the
nominee will receive the higher
of the Fund Value or 105 %
of the total premiums paid
till
o Option B - Income Replacement: In the event
of your death, the
nominee will receive a monthly income (increasing @ 5 % per annum compounded annually)
till the
end of the
policy term.
The
nominee will receive monthly benefit amount chosen at inception
till the
end of the
policy term, this amount increases by 5 % p.a. compounded annually from the very first year
of the
policy to beat inflation