A double accident life insurance policy provides for the payment of an additional amount equal to the sum assured in case
of death of the policyholder due to an accident.
Edelweiss Tokio Life Protection is a pure Term Insurance Plan which provides a lump sum to the family in the event
of death of the policyholder taking care of the income replacement needs.
An endowment plan without profit guarantees only the sum insured to be paid to the nominee in case
of death of the policyholder without any bonus, profit or any other benefit while an endowment plan with profit gives you sum assured along with the profit, bonus and all other benefits accumulated during the policy term.
In
case of death of the policyholder before the end of the lock - in period, the proceeds of the discontinued policy shall be paid to the beneficiary and the policy will terminate
Unlike traditional life insurance that provides a benefit only in the event
of the death of the policyholder, accidental death and dismemberment insurance provides additional coverage in the event the policyholder becomes permanently injured in a number of specific ways.
In the case
of death of the policyholder during the policy period, the insurance company pays a death claim equal to the Sum Assured or Death Benefit.
In other words, it is the amount an insurance company pays from its own pocket in the event
of the death of the policyholder.
It is the amount that would be paid to the nominee in case
of death of the policyholder.
In case
of death of the policyholder, the nominee receives death benefit which is equal to higher of the sum assured or fund value by the insurance company.
In the event
of the death of the policyholder, the nominee can opt for fund value held in different funds.
In the event
of the death of the policyholder, the beneficiary will receive Rs. 50 lakh, the higher of sum assured (Rs. 50 lakh) or fund value (Rs. 28 lakh).
In the event
of the death of the policyholder, the beneficiary or nominee will receive Rs. 78 lakh, i.e. sum assured (Rs. 50 lakh) plus fund value (Rs. 28 lakh).
The nominee will receive the fund value in case
of the death of the policyholder.
In the event
of the death of the policyholder, the nominee or nominees receive the sum assured.
In case
of death of the policyholder, if all due premiums are paid, the nominee receives the Higher of (Sum assured ~ or Regular Premium Fund Value), plus Higher of (Top up Sum Assured or Top up Premium Fund Value.
In the unfortunate event
of the death of the policyholder, the policy continues to be active and all the benefits will be passed on to the children at an appropriate time.
In case
of death of the policyholder, the nominee gets higher of the basic SA or 10 / 7 times the annual premium or 105 % of all premiums paid as death benefit.
In the event
of death of the policyholder, the future premiums are waived off through the inbuilt Waiver of Premium rider but the policy continues to run till the end of policy term
In case
of the death of the policyholder, the beneficiary receives the following: (1) Higher of either Sum Assured or 105 % of the Total Annualized Regular Premium paid.
A term insurance usually pays only in the event
of death of the policyholder.
[x] An insurance where there is an agreement between the insurer and the insured, where the insurer (insurance company) agrees to pay a certain amount of money in the event
of death of the policyholder or to the policy holder after a certain period of time.
Life Insurance Benefit - Sum Assured is paid in the case of the unfortunate event of death of the policyholder
With a protection plan, a small sum annually provides a financial cushion with a big sum assured in the event
of the death of the policyholder (example based totally on a policyholder aged 25 years).
The bonus amount gets accumulated and is payable on the maturity of the plan or in case
of death of the policyholder.
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.
In the event
of death of the policyholder, his / her family is entitled to receive the monthly income.
Phrases with «of death of the policyholder»