Sentences with phrase «payable upon the death of the policyholder»
Term life insurance, for example, provides a straight death benefit, payable upon the death of the policyholder.
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Death Benefit: Upon the death of a single pay policyholder, Highest of 125 % of single premium or sum assured or absolute sum assured will be payable to the nomDeath Benefit: Upon the death of a single pay policyholder, Highest of 125 % of single premium or sum assured or absolute sum assured will be payable to the nomdeath of a single pay policyholder, Highest of 125 % of single premium or sum assured or absolute sum assured will be payable to the nominee.
The premium payable amount of the Jeevan Sangam Plan depends upon the age of the policyholder, the maturity sum assured amount selected and needs which change from time to time The plan is also providing a death benefit that would be ten times of the tabular single premium along with some loyalty addition.
Upon commencement of the risk cover, the death benefit payable is same as applicable for policyholder with entry age 5 years and above.
the employee is informed in writing that an applicable policyholder will be a beneficiary of any proceeds payable upon the death of the employee.