Sentences with phrase «nominee under the policy»

When the insurer makes all the payments to the nominee under the policy, then the insurance contract comes to an end.

In order to plan for his family ‟ s financial security, he buys Max Life Online Term Plan (Rs. 1 Crore sum assured with 35 year term), on his life, making his wife the nominee under the policy.

Mr. Kumar is the policyholder and Mrs. Kumar, his wife, is the nominee under the policy.

Now insurance company will pay full amount of sum assured of Rs. 1 Crore to your wife as she was the nominee under this policy.

Your wife is the nominee under this policy.

Not exact matches

Meanwhile, under the Senate GOP's new policy, the governor will have to send up his tier - two nominees at least one month before the scheduled last day of the legislative session.

President of policy think tank, IMANI Africa has urged the Special Prosecutor nominee, Martin Amidu, to turn up the heat on the Office of Government Machinery and assess the expenses incurred by the agencies under the office in recent years.

Under the policy, the Senate would no longer consider nominees to paid or policy - making positions on the same day they're submitted to the Senate.

Nominator's Supporting Statement, briefly (under 1000 words) should address the nominee's contribution to the field of prevention science as evidenced by their activities in research, policy, service, and / or teaching.

The Rider Sum Assured in addition to the Death Benefit under the Base Policy will be paid to the nominee and the rider will cease to exist.

In case of suicide committed within 12 months of policy inception or policy revival only 80 % of premiums paid are returned to the nominee and no Death Benefit will be paid under the LIC term plan.

So, in case of accidental death, the death benefit and the Accidental Death Benefit which is equal to the Sum Assured chosen under the policy is paid to the nominee

In case of suicide committed within 12 months of policy inception or policy revival only 80 % of premiums paid are returned to the nominee and no Death Benefit will be paid under this LIC term plan.

Under this Religare Health Insurance Policy, Sum insured is paid to the nominee, in case of a tragic loss.

However, in case the beneficiary is under 18, the policyholder has to select an «Appointee», who will receive all the policy benefits until the nominee reaches 18 years.

Collector nominees, for example the sibling of the policyholder, can act as trustees accountable to the legal heirs for the benefits received under the policy.

In case nominee / policyholder of policy under a pension plan of BALIC who wishes to take Bajaj Allianz Pension Guarantee plan, the minimum purchase price is not applicable

The policy covers 3 special cases under which an insured person or its nominee can get benefit under this scheme

Under this rider benefit the nominee of the policy receives the extra sum assured amount on top of basic sum assured amount in case of accidental demise of the insured person.

A Policy holder nominates a person at the time of filling up the proposal form wherein the nominee is entitled to the death benefits under this policy, on event of the demise of the Life AsPolicy holder nominates a person at the time of filling up the proposal form wherein the nominee is entitled to the death benefits under this policy, on event of the demise of the Life Aspolicy, on event of the demise of the Life Assured.

The nominee or appointee (in case of minor nominee) last recorded under the policy in case of policy on own life.

In case the insured member commits suicide whether sane or insane, within 12 months from the policy inception date or from the date of inception of the member under the group insurance scheme, whichever is later, then higher of 80 % of the premiums paid or surrender value in respect of concerned insured member is payable to the nominee / beneficiary.

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

The difference is in the way the Sum Assured is paid to the nominee or beneficiary under the policy.

Max Life Partner Care Rider: (UIN: 104A023V01) Under this rider, in the event of death of the insured, the nominee gets an additional sum of all the future premiums payable under the base policy, subject to a maximum age of 60 yUnder this rider, in the event of death of the insured, the nominee gets an additional sum of all the future premiums payable under the base policy, subject to a maximum age of 60 yunder the base policy, subject to a maximum age of 60 years.

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.

Under such circumstances, the nominee of the policy holder will be paid the sum assured of the term plan.

Waived premiums will be discounted at 6.5 % p.a. and given to the nominee along with the base benefit under the policy (if the insured event i.e. demise happens).

Suicide exclusion under Death Benefit: - In case the insured member commits suicide whether sane or insane, within 12 months from the policy inception date or from the date of inception of the member under the group insurance scheme, whichever is later, then higher of 80 % of the premiums paid or surrender value in respect of concerned insured member is payable to the nominee / beneficiary.

Term insurance policies offer tax benefits on the premiums paid under section 80 C of the Income Tax Act, 1961 and tax - free payment to your nominee in case of death under Section 10 (10D) of the Income Tax Act.

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 nominee

Under LIC Bima Bachat, in case suicide is committed within 12 months of policy inception, only 90 % of the single premium paid is returned to the nominee.

Under this plan, the policy holders, family members or the nominees named in the policy are entitled to avail the sum insured in case of injury, death, permanent disability, total or partial disability caused to the policy holder by an accident.

Life Option: Under this cover option, nominees assigned by the policy holder are paid the lump sum benefit upon the diagnosis of terminal illness or the death of the policy holder.

In case of suicide committed within 12 months of policy inception or revival only 80 % of premiums paid are returned to the nominee under HDFC Click To Protect Plus plan.

Company promises to provide fund value amount of the policy for payment in case of death claims under the unit linked insurance policies within 48 hours of intimation and submission of the required documents by the nominee.

The beneficial or «collector» nominee functions as a trustee who is accountable to all other legal heirs for the benefits they are entitled to under the life insurance policy.

Income Replacement Option: Under this cover option, nominees get regular monthly income upon the death of the policy holder.

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

Income Option: Under HDFC 3D Plus cover option, the nominees are provided with a lump sum benefit and also a fixed income upon the death of the policy holder.

Under this policy, monetary benefits are offered to the insured's family / nominee and the policy ends only with the policyholder's demise.

Extra Life Option: Under HDFC 3D Plus cover option, all the benefits of live cover option are provided to the policy holder along with an additional Extra Life Sum Assured option is provided to the nominee in the event of accidental death of the policy holder.

Under regular or limited premium mode option, 10 times of the yearly premium or 105 % of the total premium paid till the time of the death of the insured person, is paid to the nominee of the policy.

Under the service, a policyholder's nominee will also be able to avail legal and financial planning assistance while claiming other life insurance policies too, even if not purchased from Coverfox.com.

Life Option: This is an online term plan option under Click 2 Protect 3D Plus, wherein if the life assured dies during the policy term or he / she is diagnosed with any of the mentioned Terminal Illness, the nominee receives the death benefit.

Under this option, an extra lump - sum benefit is offered to the nominee of the policy, in case of accidental demise of the insured person.

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 nopolicy 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 noPolicy Term a Lumpsum benefit will be paid to the nominee.

Among the details that must be provided under this step include; date of death or critical illness, the policy number, nominees, the full names of the policyholder and the address.

If the insured dies during the policy term, the sum assured under classic option along with the additional life cover will be paid to the nominee.

Nominee is the person nominated by the policyholder to receive the benefit under a life insurance policy during settlement of claim.