Sentences with phrase «policy is in force»

It can be purchased with the base policy on inception or on the policy anniversary, provided that the base policy is in the force and all the premiums are duly paid.

If you die during the time that your term policy is in force, your beneficiaries will be paid the face value of the policy.

The owner, premium payer, does not have the burden of additional taxes while the policy is in force.

The company will only return 80 % of the premiums paid excluding any taxes, extra premium and rider premium other than Term Assurance Rider, only if the policy is in force.

Survival Units: By staying invested over a long term horizon, you become eligible to receive Survival Units, which are added to your Fund Value after every 5 years, starting from the end of the 10th policy year, provided the policy is in force.

The critical illness rider is only paid once during the term of the policy while the policy is in force.

In case of death of life insured due to suicide within 12 months: i. From the date of inception of the policy, the nominee or beneficiary of the Policyholder shall be entitled to 80 % of the premiums paid excluding any payment for taxes and extra premiums, provided the policy is in force or ii.

Whole life insurance is a type of life insurance that provides you coverage throughout your lifetime provided the policy is in force.

The plan will pay out a death benefit as long as the policyholder passes away while the policy is in force.

Since Amulya Jeevan II is a pure insurance plan, the plan only offers death cover or death benefits which means that if the policyholder meets with death at any time during which the policy is in force then LIC will give to the nominee (s) of the policy holder's Amulya Jeevan II policy the sum assured on death amount.

You are eligible to convert your policy to permanent life insurance coverage and premiums up to age 75, provided your policy is in force at the time of conversion - no matter your state of health.3

A higher life cover / sum assured translates to a higher risk for the insurance company in the unfortunate event that the policyholder passes away while the policy is in force.

As a rule, the policy claim is admissible only if the policy is in force and not lapsed due to late or non-payment of premium.

In case of policy holder's death while the policy is in force, the next of kin / nominee is liable to receive a lump sum equal to the death sum assured as per the policy agreement.

Coverage under this section is subject to a waiting period of 36 months and payable only while the policy is in force

Our Select Term Life Insurance policies help guarantee your loved ones a death benefit if you die while the policy is in force.

These policies offer comprehensive coverage and you can lodge a claim as long as your mediclaim policy is in force.

In this new insurance scheme on maturity, you will receive guaranteed sum assured along with vested compound reversionary bonus and terminal bonus, if any, provided the policy is in force and all due premiums have been paid.

If the policyholder dies while the policy is in force, a pre-set cash payment called a «death benefit» will be paid out to the beneficiaries named in the policy.

If you die while the policy is in force, a pre-set cash payment called a «death benefit» will be paid out to whomever you name as a beneficiary.

The money that accumulates in your life insurance policy while the policy is in force that the insured can borrow.

Rider Sum Assured will be paid to the policyholder in 10 equal half - yearly installments wherein each installment amount will be equal to Rider Sum Assured multiplied by 10 %, provided the policy is in force (as on the date of occurrence of event) and the rider contract ceases after payment of the last installment.

In most cases, an insurance company will usually charge a low amount of premium for term life insurance — especially during the first several years that the policy is in force.

With reentry term, the insurer will charge a lower amount of premium in the first few years that the policy is in force.

The Death Benefits mentioned above will be payable if your policy is in force.

This is because the face value drops over time, unlike the level term which stays the same for the entire time the policy is in force.

With standard life insurance, you pay a premium, and if you die while the policy is in force, the stated death benefit is paid out to your beneficiaries.

With the graded death benefits option, there is a limit on the amount of death benefit that would be paid out should the insured pass away during the first two years that the policy is in force.

Policy Change: Any change made to your insurance policy during the period that the policy is in force.

Just a guaranteed level premium for a certain period of time (the term) and a guaranteed level death benefit if you die while the policy is in force.

In case of demise of the Life Assured during the Policy Term, while the policy is in force, the nominee receives the higher of:

The premium is fixed and won't increase during the lifetime of the insured person as long as premiums are paid as agreed, for the entire time the policy is in force.

Policy Term: The length of time that the policy is in force.

A level benefit means that the full amount of the policy is in force the day that the application gets approved.

If the insured were to pass away during the time that the policy is in force, the named beneficiary (or beneficiaries) will receive the death benefit proceeds.

Suicide: If the policyholder commits suicide with 12 months from the date of the commencement of the policy or from the date of the revival of the policy, then the nominee is not liable to receive the sum assured and will only be entitled to receive the total premiums paid, provided the policy is in force.

In many ways, final expense life insurance works just like other types of life insurance coverage in that the policyholder will pay a premium in return for death benefit coverage should the insured pass away while the policy is in force.

100 % of Rider Sum Assured will be paid to the claimant provided the policy is in force as on the date of death of the Life Assured and the contract ceases thereafter.

Death benefit: On the death of the insured, PNB MetLife Insurance Company would pay your nominee the sum assured provided the policy is in force and active.

The FAB is paid at maturity only when the policy is in force for at least 15 years.

Yes, loan will be available under the base plan after completion of two policy anniversaries provided the policy is in force.

Dear sir, Since I was in need of insurance plan which gives my money back with guarantee.That policy states that even death of policy holder occurs (when policy is in force) company will give all payouts as stated with guarantee....

Because your death will result in a claim and payout, it is important that companies quote your premiums according to the statistical chances that you will die while the policy is in force.

Should the insured pass away while the policy is in force, the named policy beneficiary (or beneficiaries) will receive the set amount of death benefit.

If the life assured commits suicide within one year from the policy issue date or reinstatement date, the nominee will be entitled to 80 % of the premiums paid, provided the policy is in force.

With the company's Guaranteed Level Premium Term Life Insurance option, the premium amount that is charged will remain the same throughout the entire period that the policy is in force.

Benefits will not be paid out at any time during the first two years that the policy is in force.

Max Life Online Term Plan Plus is a pure term plan that provides only death benefit on death of Life Insured, provided the policy is in force.

With a term life insurance plan, the policyholder's monthly payment is the same throughout a set time period — or «term» — such as 20 or 30 years, in return for a stated amount of death benefit protection should they pass away during the time that the policy is in force.

Payment can be made either through debit or electronic funds transfer (EFT) from a checking or savings account, and the automatic payment draft dates can be adjusted once the policy is in force.