Sentences with phrase «on death of the insured»

On the death of the insured, as long as it falls within the term, it pays out the amount of the policy to the beneficiary.

Your return is always dependent on the death of the insured.

The reduced sum assured along with the accrued bonuses (if any for 5 years) will be paid on maturity or on death of the insured.

Life insurance guarantees payment of a specified sum of money on the death of the insured person.

Tax deductions under Section 10 (10D): Under this section of the Income Tax Act, the amount of sum assured plus any bonus (i.e. the policy proceeds) paid on maturity or surrender of policy or on death of the insured are completely tax free for the receiver, subject of course to certain conditions.

In case of death of the insured during the plan tenure, higher of the Sum Assured including top - up Sum Assured or 105 % of all premiums paid including top - up premiums paid is paid immediately on death of the insured.

On death of the insured, the Sum Assured including any top - up Sum Assured is paid immediately and the future premiums are waived off under the Premium Waiver Rider.

On death of the insured a death benefit will be paid which will be higher of the aggregate premiums paid compounded @ 1 % including the accrued Guaranteed Additions and bonuses or 105 % of all premiums paid till death.

On death of the insured during the term of the plan, higher of the Sum Assured or 10 times the annual premium is paid along with vested reversionary bonuses and terminal bonus, if any subject to a minimum of 105 % of all premiums paid till death

In case of insured's death, higher of Sum Assured including top - up Sum Assured or 105 % of premiums paid including top - up premiums paid is paid immediately on death of the insured.

On death of the insured within the plan tenure, the payable value will be higher of the chosen Sum Assured or 105 % of the total premiums which were paid till death.

On death of the insured, higher of the available fund value or 105 % of the premium is paid to the nominee who may choose to receive annuities or withdraw the entire amount

On death of the insured a benefit higher of the chosen Sum Assured or annualized premium multiplied by 10 or 105 % of aggregate premiums paid is payable to the nominee

On death of the insured during the tenure of the plan, higher of the basic Sum Assured including any top - up Sum Assured or 105 % of all premiums paid till the date of death is paid immediately to the nominee.

If the life which was insured dies, death benefit is payable equal to the applicable Sum Assured as on death of the insured

A lump sum amount is paid on death of the insured and thereafter an increasing monthly payout is paid for 5 years or till age 60 years whichever is later.

Life insurance can be defined as a contract between LIC and a policyholder, whereby you agree to pay certain premium for a specific term and LIC promises to pay a sum of money on a specific term, it can be either on death of the insured person or maturity date, whichever is earlier.

On the death of the insured, it pays the face amount of the policy to the named beneficiary.

Death benefits are payable on the death of the insured and are generally payable to the beneficiary or beneficiaries income tax free.

A term plan could be and ideal choice in such a situation as it supports the dependents by providing funds on the death of the insured within the specified term.

They are both whole life insurance which means that they pay a benefit on the death of the insured and they both also accumulate a cash value.

On the death of the insured, there are 2 death benefit options available: a.) A monthly income is paid to the nominee for a period of 10 years from the death of the insured.

Definition: Term life insurance designed to last your whole life that pays a benefit on the death of the insured.

Terminal Bonuses: A discretional additional amount of money added to payments made at the due date of an insurance policy or on the death of an insured person.

Life insurance cover, along with additional shield covers payable on the death of the insured.

On the death of the insured the nominee is paid the sum assured which is higher of the sum assured or 1.25 times the single premium or 10 times the annual premiums.

In life insurance, the policy holder's nominee will receive claim amount on death of the insured.

Under this plan, the beneficiaries of the insured person are paid a fixed sum on the death of the insured person.

• On death of any insured group member during the policy term, the Sum Assured will be payable to the nominee / legal heir of that member

Death benefit: On the death of the insured, PNB MetLife Insurance Company would pay your nominee the sum assured provided the policy is in force and active.

Death benefit2 — sum assured along with the premiums paid till the death of the insured is paid to the nominee either on the death of the insured or if the insured suffers a total and permanent disability due to an accident, whichever is sooner.

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

Life insurance only pays benefits on the death of the insured person, but disability of a key player can be equally devastating to a business.

The entire sum assured is paid to the nominee on the death of the insured during the policy period

On death of the insured, an amount in lump sum is paid to the nominee post which, a monthly amount is paid for 5 years or till 60 years whichever is later.

On death of the insured, a lump sum amount is paid to the nominee post that, a monthly amount is paid for 5 years or till 60 years whichever is later.

On death of the insured during the tenure of the plan, higher of the basic Sum Assured including any top - up Sum Assured net of partial withdrawals or 105 % of all premiums paid till the date of death and the Fund Value including any top - up fund value is paid to the nominee.

Under Option II, the Sum Assured on death is paid on death of the insured.

On death of the insured during the Premium Paying Term, higher of 10 times the annual premium or the chosen Sum Assured is paid.

Increasing Term Assurance — an option under which the Sum Assured chosen at the time of inception of the SBI term insurance policy increases every year @ 5 % and on death of the insured during the SBI term insurance plan tenure, the Sum Assured as on the date of death is paid to the nominee

On death of the insured during the tenure of the plan, higher of the basic Sum Assured including any top - up Sum Assured net of partial withdrawals or 105 % of all premiums paid till the date of death or the Fund Value including any top - up fund value is paid to the nominee.

Under this HDFC pension plan, on death of the insured, higher of the available fund value or 105 % of the premium is paid to the nominee who may choose to receive annuities or withdraw the entire amount

Under the Maxima Child variant, higher of the Sum Assured including top - up Sum Assured or 105 % of all premiums paid including top - up premiums paid is paid immediately on death of the insured.

Under the second option, the Sum Assured and the aggregate premiums paid are returned either on death of the insured or if the insured suffers a Total and Permanent Disability due to an accident, whichever is earlier

On death of the insured, higher of the basic Sum Assured including any top - up Sum Assured or 105 % of all premiums paid till the date of death is paid immediately to the nominee.

Decreasing Term Assurance (Family Income Protection)-- an option under which the Sum Assured decreases every year and on the death of the insured during the SBI term insurance plan tenure, the applicable Sum Assured as on the date of death is paid to the nominee

On death of the insured during the plan tenure, higher of the Guaranteed Maturity Benefit or the Sum Assured along with the Guaranteed Loyalty Additions, vested bonuses, interim bonus and any Terminal Bonus is paid

On death of the insured, higher of the fund value or 105 % of all premiums paid or total premiums compounded at 0.5 % - 3 % depending on the risk profile chosen, is payable to the nominee who can withdraw the entire amount or use the amount to avail annuity from the company

It has great monetary benefit to offer at maturity as well as on the death of the insured person.

On death of the insured during the tenure of the plan, higher of the basic Sum Assured including any top - up Sum Assured net of partial withdrawals or the Fund Value including any top - up fund value 105 % of all premiums paid till the date of death is paid to the nominee.