Sentences with phrase «pays death benefits to your nominee»

Edelweiss Tokio pays the death benefit to the nominee as per the payout option chosen at the time of application.

In case the life assured passes away during the policy period, the life insurance company pays the death benefit to the nominee.

The latter pay a death benefit to the nominee if the policyholder dies.

The insurer pays the death benefit to the nominee, wherein the death benefit is maximum of sum assured, 105 % of the premiums paid, or 10 times the annualised premium.

Not exact matches

The Rider Sum Assured in addition to the Death Benefit under the Base Policy will be paid to the nominee and the rider will cease to exist.

Death Benefit — When the policyholder dies, 100 % of the sum assured is paid out to the nominees as a death benefit, irrespective of survival benefits already Death Benefit — When the policyholder dies, 100 % of the sum assured is paid out to the nominees as a death benefit, irrespective of survival benefits alreadBenefit — When the policyholder dies, 100 % of the sum assured is paid out to the nominees as a death benefit, irrespective of survival benefits already death benefit, irrespective of survival benefits alreadbenefit, irrespective of survival benefits already paid.

Family Care Benefit, is a unique proposition by way of which, a part of the life insurance benefit i.e. Rs 100,000 is paid as a lumpsum to the nominee in case of death of the life insured, within 48 hours ** of submission of all relevant claim docBenefit, is a unique proposition by way of which, a part of the life insurance benefit i.e. Rs 100,000 is paid as a lumpsum to the nominee in case of death of the life insured, within 48 hours ** of submission of all relevant claim docbenefit i.e. Rs 100,000 is paid as a lumpsum to the nominee in case of death of the life insured, within 48 hours ** of submission of all relevant claim documents.

Death Benefit: In case of death of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highesDeath Benefit: In case of death of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highesdeath of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highesdeath will be paid to the nominee which is highest of:

As per Insurance Laws (Amendment) Act, 2015 — If an immediate family member such as spouse / parent / child is made as the nominee, then the death benefit will be paid to that person and other legal heirs will not have a claim on the money.

Accidental Death Benefit — In case of a death due to accident, the PA policy would pay 100 % Sum Assured to the nominee / beneficDeath Benefit — In case of a death due to accident, the PA policy would pay 100 % Sum Assured to the nominee / beneficdeath due to accident, the PA policy would pay 100 % Sum Assured to the nominee / beneficiary.

On death before the vesting period, higher of the fund value or 105 % of premiums paid till the date of death is paid to the nominee who can either avail the death benefit in lump sum or avail annuity from it.

If the insured dies during the tenure of the plan, the Guaranteed Death Benefit along with the accrued Paid - up Additions and any Terminal Bonus is paid to the nomPaid - up Additions and any Terminal Bonus is paid to the nompaid to the nominee

Under the first Option of Death Benefit called Option A, the Sum Assured net of the Terminal Illness Benefit already paid is paid to the nominee

In case of suicide committed within 12 months of policy inception or policy revival only 80 % of premiums paid are returned to the nominee and no Death Benefit will be paid under the LIC term plan.

In any case, the death benefit paid to the nominee should not be lower than 105 % of the total premiums paid till the date of death.

On death, an Assured Death Benefit equal to 101 % of all premiums paid including bonuses is payable to the nominee subject to a minimum of 105 % of all premiums paid till ddeath, an Assured Death Benefit equal to 101 % of all premiums paid including bonuses is payable to the nominee subject to a minimum of 105 % of all premiums paid till dDeath Benefit equal to 101 % of all premiums paid including bonuses is payable to the nominee subject to a minimum of 105 % of all premiums paid till deathdeath.

So, in case of accidental death, the death benefit and the Accidental Death Benefit which is equal to the Sum Assured chosen under the policy is paid to the nodeath, the death benefit and the Accidental Death Benefit which is equal to the Sum Assured chosen under the policy is paid to the nodeath benefit and the Accidental Death Benefit which is equal to the Sum Assured chosen under the policy is paid to the benefit and the Accidental Death Benefit which is equal to the Sum Assured chosen under the policy is paid to the noDeath Benefit which is equal to the Sum Assured chosen under the policy is paid to the Benefit which is equal to the Sum Assured chosen under the policy is paid to the nominee

In case of suicide committed within 12 months of policy inception or policy revival only 80 % of premiums paid are returned to the nominee and no Death Benefit will be paid under this LIC term plan.

If death happens, the death benefit will be given to the nominee which and it will be higher of the aggregate premiums paid until death compounded @ 6 % annually or 105 % of total premiums paid till death

In case of death of the insured during the plan tenure, a death benefit which is higher of the minimum Sum Assured or 10 or 7 times the annual premium paid depending on the age of the policyholder is payable to the nominee subject to a minimum of 105 % of all premiums paid till the date of death

On death of the policyholder, under Benefit Option 1, higher of the Sum Assured including the top - up SA net of any partial withdrawals made in the last 2 years or Fund Value including the Top - up Fund Value or 105 % of premiums paid is payable to the nominee

Under Option B, in case of death of the insured during the tenure of the plan, the Sum Assured and an additional Accidental Death Benefit is paid to the nomdeath of the insured during the tenure of the plan, the Sum Assured and an additional Accidental Death Benefit is paid to the nomDeath Benefit is paid to the nominee.

The policy offers the Sum Assured as the Death Benefit, which is paid to the nominee, thus protecting the loved ones in case of the sad demise of the policyholder.

On death of the insured a benefit higher of the chosen Sum Assured or annualized premium multiplied by 10 or 105 % of aggregate premiums paid is payable to the nominee

The plan offers inbuilt Family Care Benefit where on death of the policyholder and on submission of relevant documents, 1 lakh is paid within 48 hours to the nominee and the balance Sum Assured is settled later

On death of the policyholder, the Sum Assured less any Terminal Benefit already paid is paid to the nominee

One, an immediate death benefit is paid to the nominee.

However, what we often fail to consider before buying the policy is how the death benefits i.e., sum assured, would be paid to our nominee (s) and the ways by which they would use it.

The Max Life term plan has an inbuilt Accidental Death Benefit Rider which states that if the insured dies due to accident during the term of this Max Life term plan, an additional death benefit will be paid to the nomDeath Benefit Rider which states that if the insured dies due to accident during the term of this Max Life term plan, an additional death benefit will be paid to the nBenefit Rider which states that if the insured dies due to accident during the term of this Max Life term plan, an additional death benefit will be paid to the nomdeath benefit will be paid to the nbenefit will be paid to the nominee.

If the life insured is the parent and if he dies during the period of the plan, a death benefit is immediately paid to the nominee.

On the insured's death, the basic sum assured is paid as the death benefit to the nominee and the plan terminates.

The fixed amount paid by latter to the former is referred to as the premium payment and the lump - sum amount paid to the nominee in the event of the death of the latter if referred to as the death benefit.

Death benefit is paid as the total sum assured amount to the nominee of the policy in case of uncertain demise of the insured person of the policy.

If the insured person dies during the tenure of the policy, then the death benefit is paid to the nominee of the policy i.e. the child as the sum assured amount, which is 105 % of the total premium paid till demise.

Upon your demise before the end of the policy term (99 years), the sum assured will be paid to your nominee as the death benefit

Death benefits to the nominee which will be higher of the fund value of your policy at the time of death or 105 % of premiums paid tillDeath benefits to the nominee which will be higher of the fund value of your policy at the time of death or 105 % of premiums paid tilldeath or 105 % of premiums paid till then

On the death of the insured, there are 2 death benefit options available: a.) A monthly income is paid to the nominee for a period of 10 years from the death of the insured.

If you die before the tenure of the plan, the life insurer pays an amount called the sum assured (death benefit) to your spouse and children (nominees of the term life plan).

In the event of the death of the life assured due to an accident, the accidental death benefit will be paid to the nominee in addition to other death benefits

Step 3 — if the life insured dies during the term of the plan, the death benefit is paid to the nominee in lump sum.

His wife, who is his nominee, receives the Death Benefit which is highest of the Base Sum Assured or Base Fund Value or 105 % of the premiums paid, plus an additional amount equal to Sum Assured as an accidental death benefit, as shown bDeath Benefit which is highest of the Base Sum Assured or Base Fund Value or 105 % of the premiums paid, plus an additional amount equal to Sum Assured as an accidental death benefit, as shownBenefit which is highest of the Base Sum Assured or Base Fund Value or 105 % of the premiums paid, plus an additional amount equal to Sum Assured as an accidental death benefit, as shown bdeath benefit, as shownbenefit, as shown below.

Any charges recovered subsequent to the date of death shall be paid back to the nominee or beneficiary along with Death Bendeath shall be paid back to the nominee or beneficiary along with Death BenDeath Benefit.

Option A - Lump sum Protection Under this option, the Death Benefit shall be paid to the nominee as a lump sum in the event of dDeath Benefit shall be paid to the nominee as a lump sum in the event of deathdeath.

Subject to terms and conditions of the master policy, the Death benefit will be paid to the nominee / appointee / legal heir or estate of the Insured Member

Subject to terms and conditions of the master policy, the Death Benefit will be directly payable to the Master Policyholder to the extent of outstanding loan amount; Death Benefit amount in excess of outstanding loan amount (if any), will be paid to the nominee / appointee / legal heir of the Insured Member.

In this plan death benefits given to the nominee is the fund value of your policy or 105 % of the premium paid till the end, whichever is higher.

LIC agent has approached me for new endowment plan for 16 years, sum assured Rs. 9,00,000, premium is Rs. 60,000 pa, maturity benefits is Rs. 21,24,187 after maturity if I opt for pension plan Rs. 16,197 pm till the death of policy holder at his death maturity benefit amount will be paid to nominee.

In the event of death during the payout period, regular instalments as per the Maturity Benefits will be paid to the nominee.

Any charges recovered subsequent to the date of death will be paid back to the nominee or beneficiary along with Death Bendeath will be paid back to the nominee or beneficiary along with Death BenDeath Benefit.

The survival benefit is paid only if the insured party continues to live, however, in event of any unfortunate event which leads to the death of the insured either in an accident or otherwise, the sum assured is paid immediately to the nominee.