Sentences with phrase «payouts during the policy term»

You will have the option to either receive the bonus payouts during the policy term or you can accumulate them under the policy.

• It provides regular payouts during policy term.

This product provides guaranteed money back payouts during the policy term along with guaranteed lump sum on maturity and bonus (es) which can be utilized by the customer to fulfill various planned milestones.

Not exact matches

For example, if you purchased a 20 - year $ 500,000 level term policy, should you die at any point during the 20 year term due to a covered event (and have paid all premiums) the beneficiary would receive a $ 500,000 payout.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

Let's say you purchase a 5 - year decreasing term insurance policy with a payout of $ 10,000 during the first year.

Most term life insurance policies have a monthly premium that will not change throughout the term of the policy and a fixed lump sum payout if you die during the term period.

If you were to die unexpectedly during that specific term, your beneficiaries would receive a set payout (known as the death benefit) as specified on your policy.

If you or your spouse passes away at any time during this term (usually 20 — 30 years), your beneficiaries will receive a payout from the term life insurance policy.

For example, if you purchased a 20 - year $ 500,000 level term policy, should you die at any point during the 20 year term due to a covered event (and have paid all premiums) the beneficiary would receive a $ 500,000 payout.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

The policy is valid for a specific period of time, and the payout is only awarded if the insured dies during the active term.

A pure term life insurance product which gives your beneficiaries a fixed payout on the event of your untimely demise any time during the policy term.

If during the policy term, if you are diagnosed with terminal illness, then the Inbuilt Payout Accelerator Benefit advances 50 % of Basic Sum Assured.

Term life insurance is insurance in the purest sense, where, in the event of the Life Assured's untimely demise any time during the policy term, his beneficiary receives the full amount of the Life Assured either in the form of a lumpsum amount or as regular payoTerm life insurance is insurance in the purest sense, where, in the event of the Life Assured's untimely demise any time during the policy term, his beneficiary receives the full amount of the Life Assured either in the form of a lumpsum amount or as regular payoterm, his beneficiary receives the full amount of the Life Assured either in the form of a lumpsum amount or as regular payouts.

Suppose the insurance company breaks up the survival benefit amount as 20 % (say) of the sum assured for each payout year during the policy term and 40 % (say) at maturity.

Technically, term plans can be described as a contract between the person insured and the insurance company wherein the company agrees to payout the lump - sum amount, referred to as the Sum Assured if the policy holder expires during the term of the plan.

SBI Life Smart Income Protect is a participating savings plan which provides regular annual payouts after the policy term along with insurance cover during the policy term.

A Term Plan, like Edelweiss Tokio Life — MyLife + is insurance in its purest sense, wherein on death of the life insured during the policy term, the nominee or the beneficiary gets a fixed payTerm Plan, like Edelweiss Tokio Life — MyLife + is insurance in its purest sense, wherein on death of the life insured during the policy term, the nominee or the beneficiary gets a fixed payterm, the nominee or the beneficiary gets a fixed payout.

«Cash Assure ensures lump sum payout at specified intervals during the policy term considering the need for money at different stages of life.

If you pass away during the term of your policy, your beneficiaries will receive the death benefit as a lump sum (find out How to Collect a Life Insurance Payout).

It is a simple and conventional kind of insurance wherein in the event of death of the Life Assured any time during the policy term, the beneficiary of the policy gets a fixed sum either as a lumpsum or a monthly payout or as a combination of the same.

If you die during your policy term and you have been paying your premiums, the named beneficiaries on your policy will receive a payout.

o Level Cover: The death payout under this plan option pays the opted sum assured to the nominee in the event of death of life insured during the policy term.

Life insurance provides coverage on a specific person's life, and if that person passes away during the time the policy in In Force, there is a payout on the coverage, subject to all of the terms and conditions stated in the insurance contract.

In the event of the untimely death of the life insured during the policy term, the total death sum assured is payable to the nominee as per the variants opted and payout option opted.

o Monthly Income Benefit: In case of death of the life insured during the policy term, the nominee is entitled to receive the monthly income that starts from the date of death till the end of the policy term, subject to a guaranteed payout for a minimum period of 36 months.

The only time there is a payout made is upon the death of the insured during the term (duration) of the policy.

If you don't die during the term of the policy, they don't get a payout and you don't get any of the money back that you've paid in premiums.

On death during the policy term, the nominee will receive a guaranteed lumpsum payout with an option to convert it into monthly income for 10 years.

Adi will get payouts or waiver of premium, if he suffers dismemberment due to accident during the policy term.

In case of death of a policy holder during the policy term, future premiums are waived off and guaranteed annual payouts are payable to the nominee

Income Benefit: Monthly income payable during the 10 year Payout Period post completion of the Policy Term.

Pure Income Benefit Option: If the life insured survives during the benefit payout period (starts immediately after completion of the premium payment term till maturity of the policy), he / she will receive Annual Guaranteed Income, Special Additional Bonus, & Simple Reversionary Bonus.

On the death of the life insured during the policy term in an active policy, the payout to the nominee will be higher of Sum assured plus accrued bonuses or 105 % of all premium paid till date.

Simple Reversionary Bonus vested annually from the end of the 1st policy year and is payable on survival during benefit payout term or death of the life insured / maturity of the policy, as applicable under Pure Income Benefit & Income with Maturity Benefit Option respectively.

In case of demise of the life insured during the policy term, the nominee is entitled to receive a Sum Assured amount as a lump sum payout.

In case of the unfortunate event of the death of the life insured during the policy term, there are 2 death benefit options for the payout which are:

If Mr. Raman survives till the maturity of the policy term, he receives Rs 1.94 Lacs is paid as annual payouts during the entire payout period.

In the event of unfortunate death of the life insured during the term of the policy, an immediate lump sum benefit plus Guaranteed Annual Payouts plus Guaranteed Sum Assured on maturity plus Bonuses are payable.

Scenario II - Death Payout: In the event of his death during the policy term, Rs 5,04,00 as Sum Assured on Death is payable.

Scenario II: On Demise of Rohit during the premium paying term In case of demise of Rohit during the 4th policy year, the nominee will receive Death Sum Assured, Additional Annual Payouts and Scheduled Annual Payouts, as applicable.

Case 2: Mr. Kumar dies during the Policy Term In the event of demise of Mr. Kumar during the 15th policy year, from the end of the 10th year to the 14th policy year, he will receive Guaranteed Money Back payouts and after death, his nominee will receive higher of 10 times the Annualized Premium or Sum Assured plus accrued reversionary bonus plus terminal Policy Term In the event of demise of Mr. Kumar during the 15th policy year, from the end of the 10th year to the 14th policy year, he will receive Guaranteed Money Back payouts and after death, his nominee will receive higher of 10 times the Annualized Premium or Sum Assured plus accrued reversionary bonus plus terminal policy year, from the end of the 10th year to the 14th policy year, he will receive Guaranteed Money Back payouts and after death, his nominee will receive higher of 10 times the Annualized Premium or Sum Assured plus accrued reversionary bonus plus terminal policy year, he will receive Guaranteed Money Back payouts and after death, his nominee will receive higher of 10 times the Annualized Premium or Sum Assured plus accrued reversionary bonus plus terminal bonus.

It also offers an option to the nominee to take the present value of the future payout at any point in time, during the policy term.

In case the insured dies during the term of the policy, the lump sum payout is given to the nominee apart from the money backs also known as survival benefits.

Scenario A: Karan Survives the Policy Term 40 % of Sum Assured is payable on maturity date of the policy plus guaranteed payouts during the last 5 years before the maturity are also paPolicy Term 40 % of Sum Assured is payable on maturity date of the policy plus guaranteed payouts during the last 5 years before the maturity are also papolicy plus guaranteed payouts during the last 5 years before the maturity are also payable.

In the unfortunate case of death of the life insured at any time during the policy term of 14 years, provided the policy is in force and all premiums have been paid in full, the beneficiary would be paid the death sum assured which would be the highest of: Guaranteed Sum Assured on maturity *, 10 times of Annualised Premium, 105 % of all premiums paid (including extra premiums and modal loading), Basic Sum Assured (An absolute amount of 10 times premium, including extra premiums and modal loading) or Sum of all Guaranteed Annual Payouts.