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.
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.
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.
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).
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 p
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 p
policy, no surrender value is
paid as the
policy does not acquire any surrender value during the tenure of the p
policy does not acquire any surrender value
during the
tenure of the
policypolicy.
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: