Sentences with phrase «payable during the tenure of the policy»

Not exact matches

Let's take an example, if a policyholder doesn't make a claim during the tenure of his auto insurance policy, he becomes eligible for No Claim Bonus, on the basis of which, a certain rebate is offered on the payable premium.

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.

If the policyholder survives the policy tenure, then no maturity or survival benefit is payable at any time during the policy tenure or after the culmination of the policy.

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.

In the event of accidental death during the tenure of the policy (provided the life assured is aged 18 years & above on the date of death), an additional sum assured is payable apart from the death benefit mentioned above as per the policy terms and conditions.