Sentences with phrase «of life insured»

Up to the age of 60 years of life insured, Sum Assured payable on death is reduced to the extent of Partial Withdrawals made during the last two years prior the date of death.

The charge per Rs 1000 of Sum at Risk will depend on the gender and attained age of the life insured.

On survival of the life insured till end of the policy term, Maturity Sum Assured plus accrued bonuses are payable to the policyholder.

On survival of the life insured till the end of the policy term, the higher of Fund Value (including Guaranteed Loyalty Additions) or Guaranteed Maturity Benefit of 101 % of the total premiums is payable at maturity.

On survival of the life insured till the end of the policy term, Total Fund value (including the Top - Up Fund Value) is payable on the maturity date.

Subsidizing of Future Premiums in an event of Death of the Life Insured to guarantee that your fantasies for your kid stay in place

Get twin benefits of Lump Sum payout & Monthly Income for the family for 10 years post death of life insured.

On survival of the life insured till the end of the policy term, the Fund Value plus Guaranteed Loyalty Addition is payable at maturity.

In the event of death, of life insured the nominees are paid sum assured as a death benefit payout and the policy terminates.

Depending upon the type of plan chosen, premium can be fixed throughout the policy term or it can vary as age of the life insured increases.

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

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

Mortality Charges: Mortality charge is based on the age of the life insured and Sum at Risk (SAR) at the time of deduction of charge.

Recurring Payout Option: Under this payout option, the nominee receives 10 % of the sum assured on the death of life insured as an immediate payment once the claim is accepted.The balance amount of sum assured is paid either as monthly or yearly income.

A separate life cover provides cover on a single life and the death benefit is payable once on the death of the life insured.

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 the event of death of the life insured during the term of the policy, the highest of Basic Sum Assured less applicable partial withdrawal, 105 % of the Premiums paid, or Fund Value in the Main Account including Loyalty Additions is payable.

On the death of the life insured during the policy term, a death benefit is payable is Guaranteed Death Benefit + Accrued Paid - Up Additions (if any) + Terminal Bonus (if any).

Scenario II: Rohtash dies during the Term of the Policy On the unfortunate demise of the life insured, the sum of total premiums paid (compounded monthly at 1 % p.a interest), accrued guaranteed additions and accrued bonuses are payable.

In the event of death of the life insured during the policy term, provided all due premiums are paid, the death benefit payable is sum assured on death plus guaranteed loyalty additions plus vested bonus plus interim bonus plus terminal bonus.

Immediate Payout Option: On the death of life insured, 100 % of the sum assured is paid out to the designated nominee.

Under premier mode, for single pay, it is lower of Rs 6000 or 850 increasing @ 3 % p.a and for other pay options, it is lower of Rs 6000 or 2.20 % of premium increasing @ 3 % p.a.. Under online mode, for single pay, it is lower of Rs 6000 or 850 increasing @ 3 % p.a and for other pay options, it is lower of Rs 6000 or 5.50 % of premium increasing @ 3 % p.a. Mortality Charges: Mortality charge is based on the option applicable, attained age of the life insured, rate and applicable Sum at Risk.

In case of an unfortunate demise of the life Insured during the policy term, Sum Assured on death is payable to the nominee along with a vested Compound Reversionary Bonus and Terminal Bonus (if any) provided the policy is in force.

On unfortunate demise of the life insured before the vesting date, the death benefit payable to the nominee is higher of the Fund Value as on the date of intimation of death or the Guaranteed Death Benefit.Guaranteed Death Benefit is 105 % of the sum of all premiums and top - up premiums paid till the date of death.

In the event of accidental death of the life insured, 100 % of the rider sum assured is payable as lump sum.

On survival of the life insured till the end of the policy term, the Total Fund Value as prevailing on the date of maturity is payable.

In the event of death of the life insured, the company will pay both the fund value accumulated plus the 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 claim.

o Level Cover: The death payout under this plan option pays the opted sum assured to the nominee in the event of death of life insured during the policy term.

In case of the demise of the life insured, the nominee will receive the death benefit as Sum Assured as per the plan option opted.

In the event of death of the life insured during the term of the policy, the sum assured chosen is payable to the nominee, provided all due premiums have been paid in full.

In an unfortunate event of death, of life insured, the nominee will receive a sum assured and the policy terminates thereafter.

The monthly income under this payout option begins from the date of intimation of death of the life insured, in case of acceptance of the claim.

o Extra Life Option: This option provides a death benefit to the nominee, which is paid as lump sum on death.In the event of ACCIDENTAL death of the life Insured, the additional sum assured as Accidental Death Benefit is paid.

In the event of the untimely demise of the life insured, the sum assured is payable to the nominee.

In case of unfortunate demise of the life insured during the policy term, the sum assured is paid to the nominee.

In the event of death of the life insured during the policy term, Entire Sum Assured plus the Guaranteed Additions accrued till date is payable to the nominee.

In the event of death of the life insured during the term of the policy provided all due premiums are paid, the Sum Assured on Death, subject to the guaranteed death benefit of 105 % of the total premiums paid till date of death, is payable immediately and the policy will be converted to a fully paid - up policy.

This rider provides the death benefit to the nominee, which is additional to the base policy sum assured in the event of death of the life insured.

200 % of annualized premium as survival benefit is payable at specific intervals on survival of the life insured.

In the event of unfortunate demise of the life insured within the policy term, the death benefit is payable to the nominee.

In case of death of the life insured during the policy term, the nominee / beneficiary receives an amount which is higher of life cover as mentioned in the policy, 10 times the annualized premium, if less than 45 years of age) and 7 times for 45 years or above, or 105 % of all the premiums paid (as on the date of death).

Dangerous Adventure Sports: This exclusion says that in the event the death of the life insured happens due to the involvement in certain dangerous adventure activities like auto racing, rock climbing, hang - gliding, etc., the payment of the policy proceeds will not be paid.

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.

o Income Plus Option: In the event of death of the life Insured the nominee receives 100 % of sum insured and additionally, a level monthly income equal to 0.5 % of the Sum Assured shall be payable for a period of 10 years.The monthly income can be opted as level or increasing at 10 % p.a.

In the event of demise of the life insured during the policy term, the death benefit will be paid to the nominee.

In case of death of the life insured during the policy term, Death Sum Assured will be paid to the nominee / beneficiary.

o Pure Protection Option: In case of unfortunate demise of the life insured during the policy term, the death benefit (as applicable to the policy) 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).

On death of the Life Insured during the policy term, your nominee will receive the Death Benefit based on the option chosen.