Sentences with phrase «pays under this rider»

(Of course, when a claim is paid under this rider, the death benefit is reduced, and a processing fee is deducted.

In the event that the Insured dies after a written request for an accelerated death benefit is submitted but before payment is made and we receive written notice at our home office of this death, the request for an accelerated death benefit will be considered void and no benefit will be paid under the rider.

Please review your contract or contact your agent for specific details to see how benefits will be paid under this rider.

In case of accelerated benefit, the Sum Assured under the term plan gets reduced by the benefit paid under the rider.

In case of additional benefit, the Sum Assured under the insurance plan is not affected by the benefit paid under the rider.

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.

Premium Waiver rider (UIN: 130B005V03): 100 % of all future premiums under the base policy are waived and paid by the company on the death & total permanent disability or critical illness of Proposer, depending on the chosen option.

If you don't add the right level of coverage for these valuables under your personal property endorsement (or rider), you can expect to pay the full cost for the loss of those items in a fire, natural disaster or theft.

Term insurance with ADB rider: If death happens due to an accident, basic sum assured + sum assured selected under ADB rider, both put together will be paid as claim amount to the nominee.

LTCAccess Rider — A great supplement to long term care policy, the LTCAcess rider allows you to accelerate a portion of your death benefit so you can pay for expenses from long term care covered under the rider, including both home and facility care.

Fares would be paid under a «proof of payment» system where riders would pay at stations and show a receipt if asked by on - board fare collectors.

Provisions under Shriram Life Assured Income Plus and Single Pay Endowment Assurance mainly include policy renewal and different types of riders.

Provisions under Pay Five and My Life Plus mainly include policy renewal and different types of riders.

Upon the death of the insured, the designated beneficiaries receive the death benefit less the amount paid out under the long - term care rider.

The benefits under the rider shall be paid even in case when accident happens during the policy term and disability occurs beyond the policy tenure but happens within 180 days from the date of the accident.

Under this rider, you typically pay a flat rate fee regardless of the number of children you wish to insure.

Adding the rider makes the coverage under the plan comprehensive because the rider promises to pay 1 % of the rider Sum Assured every month to the insured for a fixed period of 10 years if the insured suffers Total Permanent Disability arising out of an accident.

The rider states that if the parent who is the policyholder and life insured under the plan dies during the tenure of the plan, all future premiums payable under the plan will be waived and paid for by the company.

Uber has come under fire for overstating driver wages in its recruiting ads, which may have had the effect of convincing riders that Uber drivers are already paid sumptuously enough.

Add - on covers, like riders, seek to enhance the scope of coverage extended under the two - wheeler insurance plans and can be added by paying a small extra premium.

Additional protection is available in the under the Critical Illness Benefit rider, that may be added to the policy by paying extra premiums.

An individual or business, who requires coverage for any excluded event under all risks may have the option to pay an additional premium, known as a rider or floater, to have the peril included in the contract.

My recommendation is that if you buy a policy that is inexpensive and you know you will be able to afford the premium under any circumstance, you don't need to pay an additional fee for this rider.

Samir can claim tax benefit under Section 80C on the total premium paid out on his term plan i.e. including critical illness rider premium as also other riders.

This rider pays the insured while he's still living, under certain circumstances.

Available on a few life insurance policies, this is one of the disability riders for term insurance that will pay the policy owner a monthly income should whoever is insured under the rider be unable to work due to sickness or injury.

The Aegon Life iDisability Rider will pay a lump - sum benefit under the rider.

Also, if the death occurs due to this critical illness, the family is paid the additional benefit mentioned under the rider.

Under this, the critical illness rider cover amount is paid over and above the base cover benefit.

Family income Benefit: Under this rider, 1 % of sum assured is will be paid every month for a guaranteed period of 10 years or till the end of the rider term whichever is higher, if the life assured dies due to the accidental death or becomes totally and permanently disabled due to an accident.

On being diagnosed with any of these 4 critical illnesses, the sum assured under this rider is paid out and the rider terminates while the life cover under the Base Plan and other Riders if any continues.

Under this rider, in case of accidental disability, the future premiums are waived off but the plan continues till maturity or death paying the promised benefits as and when they accrue.

In case of an unfortunate death due to an accident, the sum assured under this rider will be paid out.

Premium Shield Rider — If the insured suffers permanent disabilities, then the premium shield rider would pay off the future premiums under the base plan.

Riders: You can widen the coverage with the help of term plan riders, which are optional but paid features under term Riders: You can widen the coverage with the help of term plan riders, which are optional but paid features under term riders, which are optional but paid features under term plans.

I am paying Rs. 1150 annually for a cover of 25 Lakhs under this rider (upto the age of 70).

For instance, if you purchase Rs 1 crore cover under HDFC Life Click 2 Protect Plus with a disability rider (of Rs 1 crore), the insurance company will pay you Rs 1 lakh per month for the next 10 years in case of accidental disability.

* The Maturity benefit shall not be less than 101 % of the contractual base premium payable under the policy excluding service tax, rider premiums and premiums paid for extra mortality loading.

Tax Benefits — Under Section 80C and Section 10 (10D) of the Income Tax Act, you can avail the tax benefits on the premiums paid Riders available:

The following riders are allowed under the limited pay option but for single pay only the third rider is available:

For instance, if you opt for an accidental death rider, you can claim deductions under section 80 C on premiums paid; for critical illness, the relevant section will be 80 D.

Preferred Term Rider: In the unfortunate event of death, the assured sum amount under preferred term rider will be paid additionally with the basic sum assured of SBI Shubh Nivesh.

Reliance Critical Conditions (25) Rider — under this rider a lump sum amount is paid to the insured if he / she is diagnosed with any of the 25 covered critical illnesses.

Add - on benefit as accidental death benefit rider is offered by the policy, under which in case of accidental death of the insured a sum assured amount along with accidental death benefit is paid to the beneficiary of the policy.

Reliance Major Surgical Benefit Rider — the rider promises a lump sum amount to be paid to the insured if the insured undergoes any of the 33 surgeries covered under the rider of this Reliance term insurance plan.

Accidental Total and Permanent Disability Benefit Rider: In the case of an unfortunate event of accidental total and permanent disability the sum assured under the rider shall be paid and other benefits will continue.

Accidental Death Benefit Rider: In the case of death by an accident, the sum assured under accidental death rider option shall be paid additionally with the basic sum assured amount of SBI Shubh Nivesh plan.

Aegon Life iDisability Rider (UIN 138B014V01): This rider pays lump - sum benefit under the rider plus waives off the future premiums payable under the base plan upon permanent disability of the Life Assured due to accident or sickness.

Aegon Life TPD Rider (UIN: 138B010VO2)- The Sum Assured under this rider is paid out if the life assured become totally and permanently disabled.

Aegon Life Critical Illness Rider: The assured sum amount under this rider is paid to the insured if he is diagnosed with any of the below listed riders: