Sentences with phrase «person during the tenure of the policy»

Death Benefit - In case of uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus if any.

In case of the demise of the insured person during the tenure of the policy, 125 % of the single premium paid or the sum assured, whichever is higher, is paid to the beneficiary of the policy, under single premium mode option.

Not exact matches

Known as Betty, her contributions to public health policy came during her tenure from 1992 to 1998 as president of the William T. Grant Foundation, a social science research nonprofit focused on inequality and improving the lives of young people, and through her earlier work in 1977 as the director of studies of the President's Commission on Mental Health during the administration of President Jimmy Carter.

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.

Term insurance is the simplest form of life insurance plan that offers comprehensive life coverage over a period of time and in case the insured person dies during the tenure of the policy, the guaranteed death benefit is payable to the nominee of the policy.

In case of early demise or in case of policy maturity of the life insured during the tenure of the policy but before the demise of the handicapped person, the benefit is paid partly in installments and partly in lump - sum.

If the life insured dies during the tenure of the policy, then the nominated person receives the death benefit and this policy terminates

Death Benefit: In case of sudden demise of the policyholder during the tenure of the policy, the Sum Assured at the time of Death along with the acquired Bonuses are paid to the person nominated by the policyholder.

If the insured person dies during the tenure of the policy, the lump sum benefit will be passed on to the beneficiary.

Lot of people get lured by returns promised by insurance companies during the tenure of the policy or on maturity, to go for return of premium policies or money back policies or endowment policies or whole life policies.

I have concluded that I should go with Aviva i - Life plan but still confused if something happens to me during the tenure of the policy, will Aviva people provide the Sum Assured to my family or not.