Sentences with phrase «nominees of the policyholders receive»

In case of death, the nominee of the policyholder receives the higher of the fund value or sum assured amount or 105 % of the total premiums paid.

The benefit of this plan is that nominees of the policyholders receive financial security and if the policyholder survives the policy term, he or she gets back all the paid premiums.

Not exact matches

In case of unfortunate death of the Life Insured the death benefits of the policy are received by the nominee or the Policyholder.

In case of an unfortunate death of the policyholder, the nominee can either take a lump sum or receive a regular pension for the rest of the policy tenure.

A higher claim settlement ratio indicates higher chances of the nominee / family receiving the claim amount after the passing away of the policyholder.

When a policyholder dies, the death benefit received by the nominee in case of type 2 ULIP is equal to sum assured plus fund value.

Under this HDFC life term plan, the nominee will receive on death of the policyholder, higher of sum assured or 10 times the annualised premium or 105 % the total premiums paid as on the date of death

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.

The nominee gets to receive the Death Benefit if the policyholder commits suicide within six months of reviving the policy.

The nominee receives the Sum Assured as the Death Benefit, thus protecting the loved ones in case of the sad demise of the policyholder.

In the unfortunate event of the demise of the policyholder, the nominee receives the Sum Assured as the Death Benefit.

In the unfortunate event of the demise of the policyholder, the nominee receives a Death Benefit.

The nominee is entitled to receive Accidental Death Sum Assured in event of the accidental death of the policyholder.

In an unfortunate event of the policyholder's death, the nominee (child) receives the Death Benefit that is higher amongst the Maturity Sum Assured, 10x of the annual premium and 105 per cent of the premiums paid.

If, during the policy term the policyholder passes away, the nominees receive a Death Benefit that takes care of their financial needs in the absence of the policyholder.

If the policyholder passes away, the nominee gets the full sum assured; if the policyholder survives until the end of the term, he / she receives the balance sum assured (after deducting the regular payouts).

If the policyholder passes away after the policy has matured but before they have turned 80 years of age, the nominee receives 100 % of the Sum Assured.

Nominee is the person selected by the policyholder to receive the benefit in case of death of the life insured.

A nominee is the person designated by the policyholder to receive the proceeds of an insurance policy, upon the death of the insured.

A nominee is the person who would receive the sum assured or benefits in the eventuality of the policyholders» death.

Death Benefits: On the death of the policyholder, the beneficiary or nominee will receive the death benefit which will be decided when the policy commences.

In a case of the unfortunate event of the death of the policyholder, the nominee is supposed to file a claim to receive the amount as decided at the time of buying the term policy.

Suicide: If the policyholder commits suicide with 12 months from the date of the commencement of the policy or from the date of the revival of the policy, then the nominee is not liable to receive the sum assured and will only be entitled to receive the total premiums paid, provided the policy is in force.

Income Plus Option: The nominee shall receive 100 % of sum assured at the time of death of the policyholder and 0.5 % of sum assured in arrears will be paid as monthly income over the next 10 years.

In case of death of the life insured, the nominee will receive a lumpsum payout that was chosen by the policyholder, which is 100 % of Sum Assured.

In such cases, the nominee receives 80 % of the premiums paid by the policyholder.

In the case where the nominee is a minor, the policyholder can also appoint an «Appointee» to a person who shall receive the benefits during the minority age of the nominee.

The insured or their nominees don't receive any amount if the policyholder survives the period of insurance, just like a term policy

On the event of the death of the policyholder, the nominees receive the chosen monthly income for the benefit pay - out period.

In case of the death of the policyholder, the nominee receives Death Benefits.

If the policyholder dies at the age of 50 years or above, the nominee will receive the Sum Assured including Top - up sum assured net of partial withdrawals or Minimum Death Benefit or Fund Value including Top - up Fund Value (Whichever is higher).

In case, the policyholder does the same act within a year of policy renewal then the nominee of policy wee receive either the surrender benefits or the 80 % of the premium paid whichever is higher.

The DHFL Pramerica Traditional Accidental Death Benefit Rider in which the nominee will receive an additional Sum Assured on the accidental death of the policyholder.

So if the policyholder opts for a life cover of INR 1 crore, the nominee will receive this full lump sum.

The nominee receives sum assured plus bonus (if any) upon death of the policyholder.

The policyholder ensures the financial security of his or her loved ones, even in the unfortunate event of their demise, as their nominees receive the Death Benefit.

The nominee receives a monthly income on the demise of the policyholder.

In general, the nominee in a child plan, the child receives two payouts from the insurer in case of the policyholder's who is the parent or the guardain's death.

In case of unfortunate demise of the policyholder during the term of the policy then the nominee receives the Sum assured and any Loyalty Additions.

There are unfortunate cases when the policyholder commits suicide within a year of taking up then in these cases the nominee receives the total premiums paid.

When the death occurs when the policyholder is between the ages of 65 to 99, the nominee receives the Basic Death Benefit plus the Final Bonus if any.

If the policyholder, whether sane or insane commits suicide during the first year from the date of the inception of the policy, then the nominee is not entitled to receive any sum assured.

If the policyholder commits suicide within a period of 1 year from the last reinstatement, then the nominee is not entitled to receive any sum assured.

In the event of death of the policyholder, his or her family or nominee receives the sum assured (or the cover amount).

If the there's an unfortunate demise of the policyholder during the policy tenure, his nominee receives the entire sum assured.

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 nominee.

The nominee of the policyholder or the policyholder himself (in case of total & permanent disability caused due to an accident) will not receive any benefit if the accident is caused due to any of the following circumstances.

Only on death of the policyholder, a nominee or beneficiary of the policy receives the sum assured.

So in case, the policyholder meets with an unfortunate event of death, then the nominee will receive the entire sum assured from the insurance company.

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