Sentences with phrase «of death of the life insured»

So it is a simple term insurance plan that pays only in the event of death of the life insured during the tenure of the plan.

Death benefit — the death benefit is paid in case of death of the life insured during the plan tenure.

In case of death of the life insured during the defined policy term, the entire sum assured along with accrued bonuses is paid to the nominees of the life insured.

In case of the unfortunate event of death of the life insured within the policy term, following death benefit is payable.

Some policies also offer riders to provide financial aid to the family in case of death of the life insured due to some accident.

The monthly installments start from the next month following the date of death of the life insured.

The only perfect policy is one that is in force at the time of death of the life insured.

The child plan offers financial security to the child through «triple benefit» in the event of the death of the life insured parent.

In the event of death of the life insured death benefit is payable to the nominee.

An interim bonus during the year of death of the life insured may also be payable.

You would get just 105 % of premiums paid in case of death of life insured apart from guaranteed additions.

In case of death of the life insured during the extended life cover period, full life cover would be payable.

In the event of death of the life insured due to accident, the lump sum accidental death benefit sum assured is payable.

The death benefit is payable in the event of the death of the life insured during the policy term.

In case of death of the life insured during the policy term, the nominee will receive death benefits on the basis of payout option chosen.

The life insurance benefit will be payable to nominee, in event of unfortunate event of death of Life Insured before the age of 85 years, subject to policy being in force and all due premiums have been paid.

«Guaranteed 48 hours Fund Value release» means release of the cheque on intimation of death of Life Insured towards the Fund Value accrued under your policy, in the beneficiary's name within 48 hours and does not in any way indicate acceptance of any other policy liability.

Death Benefit: In case of death of the Life Insured provided the policy is in - force and all due premiums till the date of death have been paid during the policy term, the sum assured on death will be paid to the nominee which is highest of:

Loyalty Additions will also be given in case of Death of the Life Insured where premiums are being funded by the Company.

(Note: In the event of death of the Life Insured while the policy is in force, during the policy term, subsequent to the Critical Illness claim, the Reduced Base Sum Assured (i.e. Base Sum Assured less Critical Illness Sum Assured) is payable and the policy gets terminated)

Protection for your group members — Death benefit is paid in event of death of the life insured by the company to the beneficiary.

«Guaranteed 48 hours Fund Value release» means release of the cheque on intimation of death of Life Insured towards the Fund Value accrued under your policy, in the beneficiary's name within 48 hours and does not in any way indicate acceptance of any other policy liability.

In the unfortunate scenario of death of the life insured at any time during the policy term, the beneficiary would receive death sum assured, which would be the highest of Guaranteed Sum Assured on maturity (Maturity Sum Assured) *, 10 times of annualised premium (excluding service tax, education cess and extra underwriting premiums), 105 % of all premiums paid.

In case of death of Life Insured after discontinuance of a policy within lock - in period of first five policy years, the policy gets terminated by paying the fund value as per the discontinued policy fund to the nominee.

The accumulated corpus in a pension plan is paid to the nominee in the case of the death of the life insured as Assured Death Benefit with guaranteed returns.

Family Income Benefit (FIB)-- An amount equal to 10 % of the Sum Assured will be paid on each Policy anniversary following or coinciding with the Date of Death of the Life Insured till the end of the Policy Term, but not exceeding 10 such installmentsa

In case of Decreasing Term option (Family Income Benefit), the nominee gets regular monthly incomes from the date of death of the life insured which can also be withdrawn at a lump sum immediately where the discounted value of the monthly income is paid

Nominee is the person selected by the policyholder to receive the benefit in case of death of the life insured thus giving a valid discharge to the insurer on settlement of claim under a life insurance policy.

Receive Sum Assured plus Fund Value as Death Benefit, in the eventuality of death of the life insured

Avail 150 % of the sum assured as Death Benefit, in the event of death of life insured occurring as a result of an accident

The plan provides a death benefit amount in the unfortunate event of death of the life insured anytime during the policy term based on the option chosen by the life insured at the time of buying the plan.

n the event of death of the Life Insured prior to maturity, the company shall pay Sum Insured of single premium endowment benefits, if any.

Incase of death of the life insured, the nominee will receive death benefits as per the age of the insured.

Under this option, the death benefit (equal to sum assured) is paid to the nominee / legal heir, on the first occurrence of death of the life insured, or diagnosis of terminal illness.

In the event of death of the life insured who is the parent, the death benefit is given to the nominee (who is the child) which comprise of the following benefits:

• Death Benefit: In the unfortunate event of death of the Life Insured within the Policy Term, the following payment would be made to the Nominee, provided all due premiums till date of death have been paid:

Accidental Death: In the case of the unfortunate event of death of the Life Insured due to an accident an additional amount will be paid to the nominee along with the sum assured.

In the event of death of the life insured before maturity of the policy, Guaranteed Death Benefit plus Non-guaranteed benefit of Vested Bonus & Terminal Bonus is payable to the nominee.

o Lump Sum + Equal Annual Installments: If the policyholder chooses Installment option, 50 % of the Death Sum Assured will be paid as lump sum immediately on death of the life insured and the remaining amount is paid annually in 5 equal installments (starting post 1 year from date of death of the life insured).

Death Benefit: In case of death of the Life Insured provided the policy is in - force and all due premiums till the date of death have been paid during the policy term, the sum assured on death will be paid to the nominee which is highest of:

Loyalty Additions will also be credited in case of death of the Life Insured where the future premiums are paid by the company.

In the event of death of the life insured while the policy is in - force, the higher of the Guaranteed Death Benefit or Fund Value till the date of intimation of death is payable to the nominee.

Policy Fund Value (including any Loyalty Additions) as on the date of intimation of death of the Life Insured

Protection for your group members — Death benefit is paid in event of death of the life insured by the company to the beneficiary.

Payable at the time of death of the life insured, during the policy term (provided the policy is in force or the reduced insurance cover is active).

In the event of death of the life insured after the premium paying term, the Death Benefit payable is higher of 105 % of total premiums paid, 10 times the Annualized Premium, or 120 % of Sum Assured, irrespective of guaranteed cashback already paid.