Sentences with phrase «nominees in a lump sum amount»

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

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.

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 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.

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.

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.

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.

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.

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

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.

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 monthly instalments increase at a simple rate of 8.5 % p.a. and they can also be withdrawn in lump sum any time by the nominee in which case the amount will be paid after discounting it @ 6.5 %.

In deferred annuity, money is invested for some period before payments are made.It can be chosen by individuals who are working and still have some years of work before retirement.It may also come with a «life cover» which implies that in case of death of the policyholder, a lump sum amount is paid to the nomineIn deferred annuity, money is invested for some period before payments are made.It can be chosen by individuals who are working and still have some years of work before retirement.It may also come with a «life cover» which implies that in case of death of the policyholder, a lump sum amount is paid to the nominein case of death of the policyholder, a lump sum amount is paid to the nominee.

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

Scenario II: In the unfortunate event of his demise, his nominee receives a lump sum amount as Death Benefit.

In a lump sum term insurance plan, the nominee receives the sum assured as a lump sum amount, that is, the total payout of sum assured at once and the policy terminates.

o Option A: - Base: In the event of insured's unfortunate demise, the base sum Assured (less terminal illness benefit already paid) is payable to the nominee as a lump sum amount.

In the event of the death of the life Insured, a lump sum amount equal to the Sum Assured is paid as a life insurance benefit to the nominee.

Term Insurance provides financial protection for your family in your absence by indemnifying the nominee with a lump sum amount or Sum Assured.

Lump sum + Increasing Annual Income Option: In case of demise of the life insured, the lump sum amount equal to 50 % of the policy sum assured is paid to the nominee, subject to acceptance of the death clLump sum + Increasing Annual Income Option: In case of demise of the life insured, the lump sum amount equal to 50 % of the policy sum assured is paid to the nominee, subject to acceptance of the death cllump sum amount equal to 50 % of the policy sum assured is paid to the nominee, subject to acceptance of the death claim.

In the event of demise of Mr. Raman during the 8th policy year, a lump sum amount of Rs 5 Lacs plus Accrued Guaranteed Loyalty Additions is payable as the death benefit to the nominee.

In a whole life insurance, the policy benefits are provided to the nominee as a one - time lump sum amount, but by choosing this rider, the nominee can exercise the option to receive benefits in installments as a guaranteed incomIn a whole life insurance, the policy benefits are provided to the nominee as a one - time lump sum amount, but by choosing this rider, the nominee can exercise the option to receive benefits in installments as a guaranteed incomin installments as a guaranteed income.

Life Cover + Increasing Monthly Income Option: In the event of the demise of the life Insured, a lump sum amount equal to the Sum Assured is paid to the nominee.

In case demise of the life insured during the policy term, the death benefit is payable to the nominee as a lump sum amount.

Basic Life Cover Option: In the event of the demise of the life Insured, a lump sum amount equal to the Sum Assured is paid to the nominee.

Life Cover + Level Monthly Income Option: In the event of the demise of the life Insured, a lump sum amount equal to the Sum Assured is paid to the nominee.

In the event of the death of the life insured, a lump sum amount of the guaranteed sum assured is paid to the nominee.

In the event of the policyholder's death anytime during the policy term, the child / nominee receives the lump sum amount (death benefit) as promised at the time of purchasing the policy.

In both plans, in the event of your death, your child / nominee receives a lump sum amount (death benefitIn both plans, in the event of your death, your child / nominee receives a lump sum amount (death benefitin the event of your death, your child / nominee receives a lump sum amount (death benefit).

If something happens to you, your nominee will bepaid a lump sum amount, and ensures that your family can live withthe same standard of living as before.In Endowment policy, a periodic sum is received aspremium every month and a lump sum amount in case of suddendeath.There are many other insurance policies like Money Back LifeInsurance Policy, Group Life Insurance and Unit Linked InsurancePlan that can benefit you.

In case the nominee does not want a lump sum amount of the death benefit, s / he can choose to receive income benefit by receiving the amount in monthly instalments for a period of 10 years since the date of life insured's deatIn case the nominee does not want a lump sum amount of the death benefit, s / he can choose to receive income benefit by receiving the amount in monthly instalments for a period of 10 years since the date of life insured's deatin monthly instalments for a period of 10 years since the date of life insured's death.

In the event of the policyholder's death anytime during the policy term, the nominee receives the lump sum amount as promised at the time of purchasing the policy.

In the event of the demise of the life insured, the nominee will receive the sum assured amount as a lump sum and the policy terminates thereafter.

In case of demise of the life insured during the policy term, the nominee is entitled to receive a Sum Assured amount as a lump sum payout.

In the event of the demise of the life insured, the nominee / legal heir will receive the sum assured amount as a lump sum.

In the event of demise of Mr. Raman during the 8th policy year, a lump sum amount of Rs 20 Lacs or above is payable as the death benefit to the nominee.

Now, in case this Rahul dies before the expiration of the policy term, the nominee will get a lump sum amount of INR 50,00,000.

In the event of demise of Mr. Raman during the 3rd policy year, a lump sum amount of Rs 5.5 Lacs is payable as the death benefit to the nominee.

The lump - sum amount the insurer pays to the nominee for a life insurance policy in the event of the death of the insured.

In the event of demise of Mr. Raman during the 15th policy year, a lump sum amount of Rs 10 Lacs or above plus guaranteed accrual additions is payable as the death benefit to the nominee.

This type of payout option allows the nominees to receive the portion of claim benefit as a lump sum and the remaining amount as installments in the form of a monthly or yearly income for a specified period of time depending upon the plan conditions.