Sentences with phrase «payable under the product»

Subject to the Policy being in force, as on the date of death, the death benefit payable under the product will be Higher of: 1.

Subject to the Policy being in force, as on the date of death, the death benefit payable under the product will be Higher of: 1.

Not exact matches

Hence any money back received as part of the product structure or amount accumulated under a traditional endowment or unit linked plan will simply be payable to the beneficiary at the maturity of the policy.

General Aggregate Limit: The maximum amount of insurance payable during the policy period for losses (other than those arising from the products — completed operations hazards as covered under the standard commercial general liability policy)

However, as per File & Use of the products under reference, the death benefit payable is the Basic Sum Assured plus attached reversionary bonuses plus interim and terminal bonuses.

** Please note that the Guaranteed Sum Assured on Maturity is «zero» or «nil» under this product as all the guaranteed benefits under the product is paid out in the form of four moneybacks each equal to 25 % of Sum Assured (SA) payable annually in each of the last four policy years as mentioned under «Moneyback Benefits» below.