Sentences with phrase «policyholder during the policy term»

In the event of death of term insurance policyholder during policy term, the beneficiary can claim death benefits from the insurance company.

On the event of death of the policyholder during the policy term, the beneficiary will receive the amount chosen at the time of choosing the policy.

This is a type - 1 Ulip: on death of the policyholder during the policy term, the insurer pays higher of the fund value or the insurance cover.

From an insurance perspective, this is a type - 1 Ulip: on death of the policyholder during policy term, insurer pays higher of the fund value or the insurance cover subject to a minimum of 105 % of the premiums paid.

In case of death of the policyholder during the policy term, the beneficiary receives this amount.

If an unfortunate event of death occurs to the policyholder during the policy term the nominee receives a sum assured also known as death benefit.

The plan provides for annual survival benefits from the end of the premium paying term till age 99 and a lump - sum payment at the time of maturity or on death of the policyholder during the policy term.

On the death of the policyholder during the policy term, the death benefit is payable to the nominee.

Term plans offer death benefit which is equal to the sum assured opted, by the policyholder during the policy term.

After death of the policyholder during the policy term, the policy is terminated after paying the sum assured as a death benefit to the nominee.

After searching on the internet Jayant realized that a term insurance policy is a traditional life insurance plan which provides financial protection for the family of the policyholder in case of death of the policyholder during the policy term.

Also, the survival benefit paid during the survival of the policyholder during the policy term is not deducted from the amount paid on death.

In case of unfortunate death of the policyholder during the policy term sum assured will be payable to the nominee.

Not exact matches

If the policyholder dies during the term — and he or she has paid the premiums on time and the policy is in good standing — the beneficiaries listed in the policy will receive a death benefit.

Term life insurance is more straightforward: you purchase a policy for a set term, and if the policyholder dies during that term, the beneficiary receives a death beneTerm life insurance is more straightforward: you purchase a policy for a set term, and if the policyholder dies during that term, the beneficiary receives a death beneterm, and if the policyholder dies during that term, the beneficiary receives a death beneterm, the beneficiary receives a death benefit.

In case of death of the Life Insured during the Policy Term, the Sum Assured on Death will be payable to the Nominee or the Policyholder as the case may be, subject to Policy being in force.

A term policy carries no cash value and only pays out if the policyholder dies during the term.

If the policyholder dies during the policy term, the death benefit, a tax - free lump sum of money, is paid out to named beneficiaries.

Future Generali Immediate Annuity Benefits are provided in the form of bonus i.e. an additional sum that a policyholder will receive during the policy term or after maturity.

Birla Sun Life Vision Money Back Plus Plan Benefits are provided in the form of bonus i.e. an additional sum that a policyholder will receive during the policy term or after maturity.

In India, the word term insurance refers to a policy that provides financial cover by assuring an amount for the life of a person who is the policyholder during a specified interval of his life (called the term).

Birla Sun Life Vision Endowment Plan Benefits are provided in the form of bonus i.e. an additional sum that a policyholder will receive during the policy term or after maturity.

This policy allows policyholders to have their premiums returned to them if they outlive their coverage term, and also allows them to access cash value during the life of the policy.

Term life insurance assumes the risk that the policyholder will die during the policy's term - typically between 10 and 30 years and, therefore, the premiums remain the same throughout the entire term of the polTerm life insurance assumes the risk that the policyholder will die during the policy's term - typically between 10 and 30 years and, therefore, the premiums remain the same throughout the entire term of the polterm - typically between 10 and 30 years and, therefore, the premiums remain the same throughout the entire term of the polterm of the policy.

Because term life insurance only pays out if the policyholder's death occurs during the term of their coverage period, policy premiums are generally lower than whole life insurance.

Many carriers will allow policyholders to reduce the amount of the policy should their income or needs change during the term.

While a renewable term life insurance policy allows you to simply extend your current coverage, having a convertible term life insurance policy means that, at any point during your term or before your 70th birthday (whichever comes first), a policyholder may convert term life coverage to whole life coverage.

Life insurance is an agreement between the policyholder and the insurance company to provide a predetermined amount to the policyholder's dependants in case of the holder's demise during the term of the policy.

1Terms & conditions apply 2Total premiums paid is equal to all premiums payable during the premium paying term of the policy excluding extra premiums, Goods & Service Tax paid by the policyholder but includes any frequency loading.

Life Insurance is an agreement between an insurance company and a policyholder, under which the insurer guarantees to pay an assured some of the money to the nominated beneficiary in the unfortunate event of the policyholder's demise during the term of the policy.

Insurer can reject the claim if the policyholder has some pre-existing disease which was not disclosed during the policy term.

If the life insured dies during the term of this LIC online term plan chosen by him at the starting of the plan, the death benefit is paid which is equal to the Sum Assured chosen by the policyholder at the time of inception of the policy

Note: The policy also offers the death benefit in terms of a sum assured to the nominee, in case the policyholder dies during the policy term.

Under a Life Insurance Contract in India, the insurer assures to pay a definite sum to the policyholder's family on his demise during the policy term.

Customers pay a monthly premium that guarantees cash payment to their beneficiaries if the policyholder dies during the term of the policy.

All the bonus amounts acknowledged at the end of the premium payment term will be paid out at the end of the policy term or on the policyholder's death during the policy tenure.

The policyholder may switch between the four unit - linked funds at any point of time during the policy term.

A term policy carries no cash value and only pays out if the policyholder dies during the term.

If, during the policy term the policyholder passes away, the nominees receive a Death Benefit that takes care of their financial needs in the absence of the policyholder.

If the policyholder dies during the policy term, LIC is liable to pay all the benefits along with the sum assured to the nominee.

As the name implies, this rider will allow term life insurance policyholders to recover all or part of their premiums paid over the life of the policy if they do not die during the stated term.

If the policyholder dies during the term — and he or she has paid the premiums on time and the policy is in good standing — the beneficiaries listed in the policy will receive a death benefit.

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.

If the policyholder dies during the term of the policy, company will pay full cover value.

Death Benefits: If the policyholder dies during the term of the policy or after the premium paying term (PPT), the nominee shall be paid the higher of

The term insurance is useful only when the policyholder is dead within the time span during which the Term Insurance policy is vaterm insurance is useful only when the policyholder is dead within the time span during which the Term Insurance policy is vaTerm Insurance policy is valid.

The policyholder is covered from mishaps like death during the specific time of the policy term.

A term plan pays the promised money in case of the policyholder's demise, any time during the entire policy term.

Critical Illness Rider: A critical illness rider safeguards the policyholder against the listed critical illnesses which may occur at any time during the policy term to the insured.

At any time during the policy term, the policyholder may instruct the Company, in writing, to switch some or all of the units from one unit linked fund to another.