Sentences with phrase «paid during the policy tenure»

If the policyholder survives the entire policy tenure, then on policy maturity, all the premiums paid during the policy tenure will be returned to the policyholder

If the maturity amount is more than five times the premium paid during policy tenure, the sum assured gets exempted from Income Tax deduction.

Certain plans will waive off the entire premium to be paid during the policy tenure if the insured person passes away.

The premiums paid during the policy tenure (except for the service tax, rider premium or any extra premium, if charged) will be returned back as maturity benefit in case you survive the policy term and the policy is premium paying.

They pay back the premiums paid during the policy tenure if you survive the policy term selected.

Not exact matches

Reed Hastings is paying a price for pursuing policy goals that ruffled the feathers of fellow Democrats during his tenure as the president of the California board of education.

The benefits under the rider shall be paid even in case when accident happens during the policy term and disability occurs beyond the policy tenure but happens within 180 days from the date of the accident.

The plan offers a minimum return guarantee of 101 % of all premiums paid in addition to any bonus that are declared during the tenure of a policy.

Top - up premiums can be paid any time during the tenure of the existing ULIP policy and they enjoy the same tax benefits as regular premiums.

All the bonus amounts acknowledged at the end of the premium payment term will be paid out at the end of the policy term or on the policyholder's death during the policy tenure.

In this scenario, if the proposer dies during the tenure of the policy, there is no need to pay further premiums and the child will get all the benefits upon maturity of the policy.

Under regular premium paying option the insured can pay premium during the entire tenure of the policy.

In the unfortunate event of the child's death during the policy tenure, the sum assured along with the guaranteed additions are paid out and the policy terminates.

Death Benefit - In case of unfortunate death of the policyholder during the tenure of the policy, the beneficiary of the policy receives the death benefit as the sum assured amount, which is 105 % of the total premium paid till demise.

If the insured person dies during the tenure of the policy, then the death benefit is paid to the nominee of the policy i.e. the child as the sum assured amount, which is 105 % of the total premium paid till demise.

A term plan pays a benefit only if the insured dies during the tenure of the policy.

Secondly, the plan offers an assured premium return, which means total premiums paid during the tenure of the policy are paid back to the policyholder.

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

This bonus is generally dependent on the performance of the insurance company and based on the loyalty shown by the customer by paying all premium on time during the tenure of the policy.

In case of early demise or in case of policy maturity of the life insured during the tenure of the policy but before the demise of the handicapped person, the benefit is paid partly in installments and partly in lump - sum.

This hospital daily cash benefit will be paid once by the insurance company during the tenure of your policy, and can be used for certain number of days as mentioned in your health insurance plan.

Death Benefit: In case of sudden demise of the policyholder during the tenure of the policy, the Sum Assured at the time of Death along with the acquired Bonuses are paid to the person nominated by the policyholder.

In case of the demise of the insured person during the tenure of the policy, 125 % of the single premium paid or the sum assured, whichever is higher, is paid to the beneficiary of the policy, under single premium mode option.

In case of the insured party passing away during the tenure of the policy, the sum that will be paid to the nominees will be the sum assured and the bonus if any.

If the policy tenure has not exceeded 1 year and the policyholder commits suicide during this time, only 80 % of premiums paid are refunded to the nominee.

It assures to return all premiums paid incase no claim is made during the policy tenure and upon survival, as stated in the official statement released by the insurer.

A premium waiver benefit offers such an offering where the insurer pays for the premium costs if the policyholder expires during policy tenure and also pays out a death cover as a lump sum amount to the child on maturity.

During policy tenure in case you are diagnosed with any terminal illness, company will pay you a lump - sum amount equal to 25 % of sum assured.

If any of the life partners passes away during the policy tenure, this is how a term insurance company will pay the benefit to the nominee / surviving partner:

Death Benefit: In case of death during policy tenure, 10 % of sum assured will be paid to family till maturity period.

Money Back Insurance Plans is basically a variant of the Endowment Plans where a part of sum assured is paid at regular intervals during the tenure of the policy.

Term Cover: It refers to the tenure of a term insurance plan wherein the sum assured is only paid to the nominees if the policy holder passes away during the plan tenure.

In case of demise of the life insured during the tenure of the policy, provided all premiums are paid, sum assured on death plus terminal bonus plus vested bonus is payable to the nominee.

During the tenure of the policy, a portion of the sum assured is paid out at regular intervals.

It may not provide return of the premiums paid during the tenure, but in case of the policyholder's demise, the policy provides death benefit to the beneficiary.

On the death of the parent during the policy tenure the sum assured is paid by the insurance company.

The main feature of LIC's New plan — Jeevan Umang is it provides annual Survival Benefits from the end of the PPT (Premium Paying Term) till policy maturity and also pays lump sum amount at the time of maturity (or) on death of the policyholder (during the policy tenure).

The plan provides Coverage for the entire policy tenure, i.e. in case the Life Assured dies anytime during the policy tenure, the Death Benefit is paid to the nominee and the policy terminates.

Policy Surrender: On surrender of policy, no surrender value is paid as the policy does not acquire any surrender value during the tenure of the pPolicy Surrender: On surrender of policy, no surrender value is paid as the policy does not acquire any surrender value during the tenure of the ppolicy, no surrender value is paid as the policy does not acquire any surrender value during the tenure of the ppolicy does not acquire any surrender value during the tenure of the policypolicy.

Term insurance is pure life cover where you pay a fixed premium during the policy tenure.

This policy is of 3 years tenure during which there will be no change in the premium amount irrespective of the claim and after completion of three years revised premium needs to be paid.

In the event of accidental death during the tenure of the policy the company will pay reduced accidental death benefit.

Scenario II: In the event of death of Mr. Rao during the tenure of the policy, the policy pays Rs 10 Lacs with applicable bonuses to his family.

On the demise of the life insured during the policy tenure, the sum assured as a single lump sum is paid to the nominee.

One can pay a top - up premium anytime during the tenure of existing policy (Ulip or ULP).

If you are not happy with the policy during the tenure of the plan, you can surrender this insurance plan and below would be paid:

During her tenure in office, Ms. Kuby has advocated for policies ranging from equal pay to environmental protection to campaign finance reform.