A pure LIC term insurance plan which provides for the payment of the death benefit in case
of unfortunate death of the life insured so that the family can take care of their financial needs in the absence of the bread - winner.
The Term Life Insurance plan is a form of a life insurance cover, it provides coverage for a specific period of time, and if the insured dies during the term of the policy, then the nominee receives a comprehensive lump sum amount, called as the sum assured, in the
event of unfortunate death of the life insured.
In case
of the unfortunate death of the Life Insured, a percentage of Monthly Income is payable to the nominee from the next policy month onwards and continues for the next 8, 10 or 15 years depending on the Policy Term option chosen at inception of the policy.
In case
of the unfortunate death of the Life Insured, a percentage of Monthly Income is payable to the nominee.
In case
of unfortunate death of the Life Insured the death benefits of the policy are received by the nominee or the Policyholder.
Life Insurance benefit: The sum assured is payable to the nominee in case
of the unfortunate death of the life insured.
Life option — under this HDFC term insurance plan, the death benefit is paid in lump sum in case of unfortunate death of the life insured
In this plan, the sum assured is paid to the nominee in case
of the unfortunate death of the life insured, resulting in a well cushioned financial set up for the family members in the absence of the life insured.
In the event
of an unfortunate death of the Life Insured, payout equal to Sum Assured will be provided as a financial indemnification benefit to the nominee.
In case
of unfortunate death of the life insured, sum assured would be paid to the nominee of this plan.
Best Term Insurance Plans in India Term Insurance Plans in India are best as they come with high risk coverage and low premiums and in case
of unfortunate death of the life insured, the nominee would get sum assured.
In case
of unfortunate death of life insured, any life insurance proceeds in excess of Rs 1 Lakh would attract a 2 % TDS in case they have not submitted any Form 15G / Form 15H.
In case
of unfortunate death of life insured, Life Cover Sum Assured (SA) would be paid as death benefit.
In case
of unfortunate death of the life insured, sum assured would be paid to the nominee of the life insurance plan.
In case
of an unfortunate death of the Life Insured, an amount equal to sum assured will be paid as a life insurance benefit to the nominee.
Term Insurance Plans in India are best as they come with high risk coverage and low premiums and in case
of unfortunate death of the life insured, the nominee would get sum assured.
In case
of unfortunate death of the Life Insured the death benefits of the policy are received by the nominee or the Policyholder.
In case
of the unfortunate death of the Life Insured, a percentage of Monthly Income is payable to the nominee from the next policy month onwards and continues for the next 8, 10 or 15 years depending on the Policy Term option chosen at inception of the policy.
In case
of the unfortunate death of the Life Insured, a percentage of Monthly Income is payable to the nominee.
In case
of unfortunate death of the Life Insured, the Sum Assured on Death which is explained below is payable to the Nominee:
In case
of unfortunate death of the life insured, Sum Assured on Death plus Vested Simple Reversionary Bonuses plus Terminal Bonus is payable as a lumpsum death benefit and the policy then terminates.
In case
of unfortunate death of the life insured, the death benefit is Guaranteed Death Benefit + Vested Bonus + Terminal Bonus.
In case
of unfortunate death of the life insured, a Guaranteed Death Benefit (GDB) is higher of Sum Assured, 10 times of annual premium or 105 % of the premiums paid less unpaid due premiums.
This term plan protects the financial future of the family in case
of unfortunate death of the life insured.
In case
of the unfortunate death of the Life Insured, the nominee gets the Death Benefit which is as defined below for different Policy terms.