Sentences with phrase «offers death benefit to your nominee»

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 policBenefit 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 policbenefit in the form of a Maturity Benefit for policyholders who survive until the end of the policBenefit 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.