Sentences with phrase «payable under the term plan»

Critical illness Benefit: In case the life assured is diagnosed with any of the covered critical illnesses, all future premiums payable under the term plan will be waived.

Not exact matches

Specifically, benefits subject to the HP Severance Policy include: (a) separation payments based on a multiplier of salary plus target bonus, or cash amounts payable for the uncompleted portion of employment agreements; (b) any gross - up payments made in connection with severance, retirement or similar payments, including any gross - up payments with respect to excess parachute payments under Section 280G of the Code; (c) the value of any service period credited to a Section 16 officer in excess of the period of service actually provided by such Section 16 officer for purposes of any employee benefit plan; (d) the value of benefits and perquisites that are inconsistent with HP Co.'s practices applicable to one or more groups of HP Co. employees in addition to, or other than, the Section 16 officers («Company Practices»); and (e) the value of any accelerated vesting of any stock options, stock appreciation rights, restricted stock or long - term cash incentives that is inconsistent with Company Practices.

All benefits payable under a GlobeHopper Senior plan are subject to the terms and conditions in the insurance contract.

The premiums payable under mediclaim policies is different for a different policy, but there are certain criteria like an age of the proposer, sum insured, geographical area of treatment and term of the plan, etc..

Where plan option is «Savings Plus», if the Life Assured is diagnosed to be suffering from any of the 35 Critical Illnesses, all future premiums that would otherwise have been payable under the base policy shall be waived for the remainder of the premium payment term

In case of «Whole Life Plan'the policy holder is obliged to pay a fixed amount of premium on a regular basis till the term of the policy, failing which will cease the death benefit payable under the policy.

Upto 50 % of total term plan cover or Rs. 50 lacs, whichever is lower, can be paid under the critical illness (CI) benefit and the balance life cover will be carried forward (with reduced future Premiums payable) and payable on death.

Max Life Partner Care rider can be availed under the plan wherein the aggregate of all future premiums payable till the end of the term or till the insured attains 60 years of age is payable immediately if the insured dies during the tenure of then plan.

Premiums under the plan are payable for a limited term under the Limited Pay option of premium payment

B — 10 times the annual premiums payable under the ICICI term insurance plan.

The table illustrates the premium payable by individuals under this ICICI term insurance plan at different ages assuming they do not consume tobacco.

Under this plan, Death Benefit is payable in case of any of the two lives meeting with an untoward incident, either independently or together, during the term of the policy.

The highlights of the key features and benefits are as follows: ● There are maturity benefits with a sum assured at the end of the term plan ● There are death benefits ● Annual income payments to the family in case of an untimely death ● Maturity amount is free from tax under section 10D, and Premium payable is applicable for rebate under section 80C ● The Policy garners profits from LIC in the way of bonuses

It implies that the term insurance plan only offers a death benefit and if the person survives the policy term, no maturity benefit is payable under a pure term plan.

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 membTerm 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 membterm, payable to his nominee (any family member).

Scenario B - Death Benefit: In the event of his death during the policy term, the Death Benefit payable is higher of Sum Assured under the Base Plan less partial withdrawals, 105 % of Total premiums paid, or Fund value under the Base Plan.

Scenario B - Death Benefit: In the unfortunate event of his death within the policy term, the Death Benefit payable is higher of Sum Assured under Base Plan and top - up plus, fund value under Base Plan and top - up is payable.

On survival of the life insured till the end of the policy term, the Fund Value under the Base Plan is payable at maturity.