Sentences with phrase «nominee till the end of the term»

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.

Not exact matches

Thereafter, a fixed monthly income which was chosen at inception is paid to the nominee following the month of death till the end of the term subject to a minimum period of 4 years.

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.

Reliance Family Income Benefit Rider — under this rider, if the insured dies or suffers total and permanent disability due to an accident, a monthly payout of 1 % of Sum Assured will be payable to the nominee until the end of the rider term or till 10 years whichever is later.

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.

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 nomiterm, 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 nomiTerm 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

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 benefterm of the policy, the policy shall continue till the end of the Policy Term and the nominee shall get the following benefTerm 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