Term insurance, as the name suggests, is valid for a specific period of time and
offers death benefit to the nominee in the event of the death of insured.
The Birla Sun Life Protect @Ease Term Plan
offers death benefit to your nominee in case of your untimely death.
It is a cost - effective term plan that
offers a death benefit to the nominee in case of your death during the term of the policy.
For a long time now, term insurance plans, policies that
offer death benefits to the nominee, have been the traditional instrument we buy to financially protect our families from the risks of an uncertain future.
Not exact matches
Note: The policy also
offers the
death benefit in terms of a sum assured
to the
nominee, in case the policyholder dies during the policy term.
The policy
offers the Sum Assured as the
Death Benefit, which is paid
to the
nominee, thus protecting the loved ones in case of the sad demise of the policyholder.
The plan
offers inbuilt Family Care
Benefit where on
death of the policyholder and on submission of relevant documents, 1 lakh is paid within 48 hours
to the
nominee and the balance Sum Assured is settled later
Hence, we
offer you the Extra Life option in which, in addition
to the life option
benefits, your
nominee will receive an additional sum assured in event of
death due
to an accident.
Term insurance policies
offer tax
benefits on the premiums paid under section 80 C of the Income Tax Act, 1961 and tax - free payment
to your
nominee in case of
death under Section 10 (10D) of the Income Tax Act.
Term insurance is the simplest form of life insurance plan that
offers comprehensive life coverage over a period of time and in case the insured person dies during the tenure of the policy, the guaranteed
death benefit is payable
to the
nominee of the policy.
These features make endowment plan more preferable for risk - averse investors as it also provides maturity
benefit apart from
death benefit offered to the
nominee of the policy in case of an eventuality.
The riders available of money back policy are as follows: • Critical Illness rider: This rider
offers a guaranteed sum if the Insured is diagnosed with some critical illness including major organ failure, coronary diseases, different types of cancer etc. • Accident rider: In case the policy holder's unexpected
death due
to accident the
nominee receives a sum assured • Disability
benefit rider: This type is rider helps in case the policy holder is left paralyzed due
to some major accident in his life.
DHFL Pramerica Family Income Plan is a decreasing term plan
offered by DHFL Pramerica Life Insurance wherein the
death benefit may either be payable in a lumpsum
to the
nominee or in equal monthly installments till the end of the policy tenure.
Along with the
Death Benefit that is paid to the nominee, the policy offers an additional benefit in the form of a Maturity Benefit for policyholders who survive until the end of the polic
Benefit that is paid
to the
nominee, the policy
offers an additional
benefit in the form of a Maturity Benefit for policyholders who survive until the end of the polic
benefit in the form of a Maturity
Benefit for policyholders who survive until the end of the polic
Benefit for policyholders who survive until the end of the policy term.
Offers fund value as a survival
benefit and sum assured or fund value or 105 % of premiums paid, whicher is higher is paid
to the
nominee as a
death benefit.
Since Amulya Jeevan II is a pure insurance plan, the plan only
offers death cover or
death benefits which means that if the policyholder meets with
death at any time during which the policy is in force then LIC will give
to the
nominee (s) of the policy holder's Amulya Jeevan II policy the sum assured on
death amount.
The Term insurance plan
offers only a
death benefit wherein if the insured dies during the policy term, the insurance company pays the sum assured or the life cover
to the designated
nominee /
nominees.
These plans
offer sum part of the sum assured
to be taken at the time of
death as lumpsum
benefits and the remaining as monthly income
benefits for a specified period of time
to the
nominees as per the plan specifications.
A whole life insurance policy
offers a
death benefit to the insured's family / assigned
nominee and thus ensures them the financial protection under the plan
benefits.
The product
offers comprehensive
death benefit to the
nominee in case of
death of Life Insured during the policy term, provided the policy is in force.
The protection
offered under this plan is for the whole life.Under this option Lumpsum
Benefit on
death or diagnosis of Terminal Illness is payable
to the
nominee.
Some term plans
offer income
benefit where a portion of the Sum Assured is given
to the
nominee immediately on the
death of the insured and remaining amount can be given as a family income
benefit to provide the regular cash flow
to your dependents like in case of Sameer.
An endowment plan
offers the insurance
benefit by providing the life cover or sum assured
to the
nominee in the event of the
death of the life insured during the policy term.
There are few term plans which
offer the flexibility
to the
nominees to take the
death claim as lump sum at a discounted rate even if in the plan
benefit is opted as staggered payout.