Sentences with phrase «payable under life insurance policy»

Death due to intoxicating substances like alcohol, drugs etc. are not payable under life insurance policy.

Not exact matches

Proceeds: The amount payable under the terms of a life insurance policy upon the insured's death or upon the maturity of an endowment.

Provides the benefit of waiver of all future premiums payable under the base Life Insurance Policy on the earlier occurrence of Untimely Death, Accidental Permanent Total Disability or Critical Illness.

It is due in respect of premiums payable under any such life assurance policy issued in respect of an insurance made before 20 March 1968.

An Accelerated Death Benefit, may also be known as Accelerated Life Insurance Policy, under which part of the death benefit of your life insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior to deLife Insurance Policy, under which part of the death benefit of your life insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior Insurance Policy, under which part of the death benefit of your life insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior to Policy, under which part of the death benefit of your life insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior to delife insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior to policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior to policy owner for a specific medical condition prior to death.

The act merely says that when a married man takes out life insurance policy endorsed under the MWPA, irrespective of his demise or bankruptcy, the benefits as a part of the life insurance policy are payable to those nominated under this policy.

Moratorium Period Exclusions No benefit will be payable under this condition if within the first 90 days following the later of the effective date of the policy or the effective date of the last reinstatement of the policy, the life insurance has any of the following: signs, symptoms or investigations that lead to a diagnosis -LSB-...]

Endowment policy: A life insurance policy in which the cash value and face value are equal to each other at the policy's maturity date; a policy under which the face amount is payable on a specified future date (maturity date) if the insured is then living, or at the insured's death, if that should occur sooner.

This is a traditional participating endowment plan under which survival benefits payable every year from 5th policy anniversary till maturity and life insurance benefit.

Comprehensive life insurance coverage — Get coverage of 10 times the annualised premium (for Limited and Regular Pay options) of base policy and get additional life cover, equal to sum of all future premiums payable under the policy till the age of 60 years, with Partner Care Rider.

Comprehensive Life Insurance Coverage — The customer may get coverage of 10 times the annualized premium (for Limited and Regular Pay options) of base policy and get additional life cover, equal to sum of all future premiums payable under the policy till the age of 60 years, with Partner Care RiLife Insurance Coverage — The customer may get coverage of 10 times the annualized premium (for Limited and Regular Pay options) of base policy and get additional life cover, equal to sum of all future premiums payable under the policy till the age of 60 years, with Partner Care Rilife cover, equal to sum of all future premiums payable under the policy till the age of 60 years, with Partner Care Rider.

The variable life insurance policy can offer a guaranteed death benefit payable under the policy.

An agreement between a life insurance company and a policy owner / beneficiary in which the insurer retains part of the cash sum payable under a policy and makes payments in accordance to the chosen settlement option.

Moreover, it provides survivorship life insurance, also known as second - to - die insurance, which insures both client and spouse under one policy, with earnings payable after the second death.

A Term plan with Return of Premium is a contract between the applicant and the Life Insurance Company, under which the applicant agrees to pay a certain amount of money (Premium) per year for a fixed period in order to receive a guaranteed amount of money (Sum assured) in the event of his death during the policy term, payable to his nominee (any family member).

The amount of premium payable is determined primarily by the amount of life insurance purchased and the risk factors (age, medical history, etc) of the person to be insured under the policy.