Sentences with phrase «of the insured member»

In case of death of the insured member, apart from the scheme specific death benefit, fixed life insurance cover amount of Rs 1000 per member, shall also be payable.

The likelihood of death for that average member increases with age — and so the cost of insuring a member of that group increases, too.

This option provides regular monthly income on death of the insured member.

On death of the Insured Member under the scheme before Terminal Illness, Base Sum Assured covered under this option shall be paid as a lump sum.

In case of death of the any insured member after payment of Terminal Illness Benefit, remaining amount of the Sum Assured is payable and contract will continue for the 2nd life till death of 2nd life or expiry of policy term, whichever is earlier.

For Affinity group where there is a lender borrower relationship this would mean a period of one year 365 days cover with respect to member joining date of the scheme from the respective risk commencement date of the Insured member.

Deleting of Insured Members or Death or Separation or Policyholder / Insured Person Leaving the country only if no claims are paid / outstanding

Deletion of Insured Members or Death or Separation of Policy Holder / Insured Person Leaving the country, only if no claims are paid / outstanding

Each of these has certain unique features, as well as differing life insurance rates, depending on the age of the insured member (and his or her spouse, if applicable).

A rider plan offering add - on benefits in case of accidental death or accidental events of the insured member

All expenses incurred are direct responsibility of the Insured member.

SUD Life Group Accidental Benefit Rider provides additional benefits in case of accidental death or accidental dismemberment of the insured member.

Subject to terms and conditions of the master policy, the Death benefit will be paid to the nominee / appointee / legal heir or estate of the Insured Member

Subject to terms and conditions of the master policy, the Death Benefit will be directly payable to the Master Policyholder to the extent of outstanding loan amount; Death Benefit amount in excess of outstanding loan amount (if any), will be paid to the nominee / appointee / legal heir of the Insured Member.

Suicide Clause: In case an insured member commits suicide within 12 months from the risk commencement date of the member, his / her nominee will receive 80 % of the premiums paid in respect of the insured member.

Death Benefit: In case of death of the insured employee, the sum assured will be paid to the master policyholder, who in turn, will settle the account with the beneficiary of the insured member.

During the payout period, RMI will be payable to the nominee of the insured member and will increase each year by 5 % p.a. compounded yearly.

On death of the Insured Member under the scheme, Sum Assured covered under this option shall be paid as a lump sum.

In case of death of the insured member after payment of Terminal Illness Benefit, remaining amount of the Sum Assured is payable.

In case of death of the insured member after payment of Terminal Illness Benefit, remaining amount of Base Sum Assured is payable.

Failing the spouse, the insured member's surviving children including step - children, adopted or foster children and children born less than 300 days from the date of the insured member's death, in equal shares among them.

Deleting of Insured Members or Death or Separation or Policy Holder / Insured Person Leaving the country only if no claims are paid / outstanding

Deletion of Insured Member or Death or Separation of Policy Holder / Insured Person Leaving the country, only if no claims are paid / outstanding

This group term life insurance plan compensates the financial crisis arising on death of the insured member.

Insurance cover is provided for death of the insured member and has attractive premium rates.

Under the family cover, the sum insured can be utilized by any of the insured members in case of need.

It covers your entire family on a floater basis, i.e., the sum insured can be used to meet hospitalization or other permitted expenses for any of the insured member under Bajaj Allianz Health Guard Family Floater Policy.

It means the available health cover or sum insured under the policy can be utilized by any of the insured members of the family to meet medical expenses incurred during a policy year.

If the master policyholder opts for DAB rider, an additional amount equal to the Sum Assured shall be paid in case of accidental death of the insured member.

In case of death of the any insured member the Sum Assured as per certificate of insurance shall be payable and contract will continue on 2nd life till death of 2nd life or expiry of policy term for that member whichever is earlier.

In case of death of the any insured member (whosoever dies first out of the 2 lives or both lives die together) after payment of Terminal Illness Benefit, remaining amount of the Sum Assured is payable and contract will terminate thereafter.

In case of death of the any insured member (whomsoever dies first out of the 2 lives or both lives die together) the Sum Assured as per certificate of insurance shall be payable and contract will terminate thereafter.

In case of death of the insured member the Sum Assured as per certificate of insurance shall be payable and the contract will terminate thereafter.

In case of death of the insured member the Sum Assured as per certificate of insurance shall be payable.

On death of the insured member, Sum Assured covered under this option shall be paid in form of regular monthly payouts for the payout period opted by the master policyholder.

In case of death of the any insured member the Sum Assured as per certificate of insurance shall be payable and contract will continue for the 2nd life till death of 2nd life or expiry of policy term for that member whichever is earlier.