Sentences with phrase «nominee upon the death of the policyholder»
Term insurance plan pays out the benefit to the nominee upon the death of the policyholder who in most cases is the breadwinner in the family.
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Under the Kotak Accidental Death Benefit rider, a lump sum benefit is given to the nominee upon the accidental death of the policyhoDeath Benefit rider, a lump sum benefit is given to the nominee upon the accidental death of the policyhodeath of the policyholder.
A nominee is the person designated by the policyholder to receive the proceeds of an insurance policy, upon the death of the insured.
Total premiums paid compounded monthly at 1 % p.a. interest plus accrued guaranteed additions plus accrued bonuses till the death of death, OR 105 % of all premiums paid till the date of death Upon death of the policyholder, the nominee shall have the option to
Death Benefit: Upon the death of a single pay policyholder, Highest of 125 % of single premium or sum assured or absolute sum assured will be payable to the nomDeath Benefit: Upon the death of a single pay policyholder, Highest of 125 % of single premium or sum assured or absolute sum assured will be payable to the nomdeath of a single pay policyholder, Highest of 125 % of single premium or sum assured or absolute sum assured will be payable to the nominee.
Upon death of a policyholder, insurance payout is made to the nominee.
The nominee receives sum assured plus bonus (if any) upon death of the policyholder.
The benefits are paid out, to the policyholders or nominees, in the form of sum assured and vested bonuses, if any, upon death of maturity.