Sentences with phrase «paid in case of»

The vested bonuses are scheduled to be paid in case of maturity or death.

RaviReplied: 12-02-2017 10:05:43 Your math is right but here, 50 Lakh is sum assured amount and it it minimum amount to be paid in case of death even a single premium has been paid.

You would get just 105 % of premiums paid in case of death of life insured apart from guaranteed additions.

c) Income Option: 10 % of Sum Assured is paid in case of death of the policy holder and balance is paid in equal monthly instalments for the next 15 years of time frame.

The policy document clearly lists down what will and what will not be paid in case of any unforeseen event.

Lastly, you get insurance coverage too where higher of the sum assured or the fund value is paid in case of death.

b) Extra Life Option (Accidental Death Benefit): A additional lump sum amount is paid in case of death, over and above Sum Assured in case of death due to accident.

5) Extra Life Income Option — In addition to the benefits under Income Option, an additional lump sum and regular income benefit is paid in case of accident due to death.

The Sum Assured will be paid in case of diagnosis of any of the 12 major critical illnesses covered under the product.

If the master policyholder opts for DAB rider, an additional amount equal to the Sum Assured shall be paid in case of accidental death of the insured member.

Sum assured applicable for the critical illness is paid in case of diagnosis of any of the 12 major critical illnesses covered under the plan.

The second option for the insurance policy seeker is to opt for the «Term Assurance» plan, under which the policy holder is eligible for an Endowment Assurance plan and the sum assured is paid in case of survival of the assured within the stipulated period, or in the event of his / her earlier death.

Non - Linked / Traditional Life Insurance Plans - In case of non-linked plans, the nominee is entitled to receive 80 % of the premium paid in case of death claim due to suicide even within 12 months from the commencement of the policy during the policy term.

Protection for your family - Sum Assured is paid in case of an unfortunate event of death of the policyholder.

In the event of death of the Life Insured, Death Benefit will be higher of 105 % of the premiums paid until the death of the policyholder OR eleven times of the annualised premium OR guaranteed sum assured on maturity OR any assured amount that has been earlier agreed to be paid in case of death

Some carriers include the following riders in a life insurance policy, without any additional cost: - Accelerated benefit rider (partial benefit paid in case of terminal illness)- Accidental death benefit (additional benefit in case of accidental death)- Waiver of premium (most companies will charge extra premium for this rider).

Four options offered by HDFC Click 2 Protect Plus are — 1) Life Option - Lump sum payout of Death Benefit 2) Extra Life Option (Accidental Death Benefit)- Lump sum payout of Death benefit in addition extra Sum Assured is paid in case of death due to accident.

Since no riders are being offered under this policy no additional amount over and above the base cover amount will be paid in case of death due to accident.

This rider waives off any further premiums to be paid in case of a critical illness or disability.

The plan comes with an additional death benefit which is Rs. 50 lakh or the base amount, whichever is lower, will be paid in case of death due to accident.

Accordingly, a premium is calculated from the Aegon Life's website alongside the sum assured which is paid in case of the insured's demise.

Extra Life Option (Accidental Death Benefit)-- Lump sum payout of Death benefit in addition extra Sum Assured is paid in case of death due to accident.

InvestoBite Replied: 28-08-2017 10:39:16 In your case, 750000 is death sum assured which is minimum guaranteed amount to be paid in case of death during policy term and it 250 times of monthly premium for all ages (up to 49), while maturity sum assured of this particular plan depends premium, term and age.

The cover amount (Sum Assured) under this rider will be paid in case of diagnosis of any of these 4 critical illnesses.

Mortality premium charged on sum at risk basis: There are policies in which sum assured or fund value, whichever is higher, is paid in case of death.

Death benefit — the death benefit is paid in case of death of the life insured during the plan tenure.

Family care benefit — with sum assured being paid in case of demise of the insured person to the nominee.

There is an in built Accidental Death Benefit and Terminal Illness Benefit for 5000 - 50 lakhs cover under which the additional benefit is paid in case of accidental death or on diagnosis of the terminal illness

While most policies do not entertain any claim made as a result of suicide, Shriram New Shri Life Plan ensures that you receive 80 % of premiums paid in case of suicide committed within a year of purchase.

In HDFC Life Progrowth Plus, the benefit paid in case of suicide within 12 months of policy inception or revival is the fund value as on that date.

The plan can be customized by adding Accidental Death Benefit option under which an extra benefit equal to the Guaranteed Sum Assured subject to a maximum of Rs. 50 lakhs is paid in case of accidental death

Under the single life option, Sum Assured is paid in case of the policyholder's death during the term

Get guaranteed return of total premiums paid in case of survival at maturity.

Personal Accident - Compensation paid in case of accidental death or permanent total disability.

The Reliance protects the insured's family by giving the minimal assured amount based on a number of premiums paid in case of the demise of the insured.

Life Insurance Benefit - Sum Assured is paid in the case of the unfortunate event of death of the policyholder

Amount paid in the case of death of the policy holder or at maturity of a policy.

The benefit paid in case of suicide within 12 months of policy inception or revival is the fund value including Top - up Fund Value as on that date.

Tata AIA Life Insurance iRaksha TROP Plan is an online traditional term plan with Return of Premium option which provides life coverage in event of premature death during the policy term and thereafter returns the total premiums paid in case of maturity.

Dismemberment benefits are paid in case of disability such as losing one or two limbs (leg, hand, eye, ear etc.) or loss of speech.

The benefit paid in case of suicide within 12 months of policy inception is the fund value as on that date

Thus, 115 % or 125 % of the Sum Assured is paid in case of the Aspiration option.

100 % of Sum Insured is paid in the event of loss of two limbs or two eye sights or one limb and one eye.50 % of sum insured is paid in case of loss of one limb and one eye.

The inbuilt benefits are applicable in case of death of the insured wherein an additional Sum Assured is paid in case of Accidental Death, total of the Sum Assured and Fund Value is paid in case of being diagnosed with a Critical Illness under the Critical Illness Benefit and 10 % of the Sum Assured is paid following the year of disability to the end of the term or 10 years whichever is lower in case of ATPD benefit.

Sum Assured is the pre-defined amount, agreed upon by the insurer and the insured, to be paid in case of an eventuality.

This amount will be paid in case of hospitalization in the first year per day.

Aegon Life ADDD Rider can be availed under the plan wherein additional benefit is paid in case of accidental death, dismemberment or disability

The premiums paid in the case of term insurance are higher for people aged above 50.

Common stocks, on the other hand, give you voting rights, possible dividends and lower rung right to be paid in case of bankruptcy.

Protection for your family - Sum Assured is paid in case of an unfortunate event of death of the policyholder.