Sentences with phrase «of death of policy holder even»

As per the above table, it is clear that premium for lesser term is more than that for higher term and total premium to be paid not to be confused with sum assured as it is minimum amount to paid to nominee in case of death of policy holder even single premium has been paid.

Not exact matches

Life insurance living benefits — also referred to as a policy's accelerated death benefits — can allow the policy holder to use some (or in some cases, even all) of the death benefit proceeds during his or her lifetime.

It is a fixed premium type of whole life policy that offers guaranteed death benefits to policy holders even until they reach the age of 100.

This means that a policy holder can use the cash value — or even a portion of the death benefit — while still alive for the purpose of paying medical expenses, long - term care costs, or other financial obligations.

Dear sir, Since I was in need of insurance plan which gives my money back with guarantee.That policy states that even death of policy holder occurs (when policy is in force) company will give all payouts as stated with guarantee....

Other than those main benefits mentioned above, any policyholder of this premium policy will gain some optional benefits as in, Rider benefits: ● LIC benefit under the claim for accidental death of the premium holder or even the disability after the accident.

This benefit of amount is generally applicable after the maturity of the policy, but even at cases of death of the policy holder and sometimes during critical illnesses.