Sentences with phrase «post death of the insured»

An online Max Life term plan promising regular monthly incomes post the death of the insured.

It is usually a part of some of the policies and is used mainly for generating income post death of the insured.

The plan has an Income Benefit which comes with the Super variant and which provides regular monthly income post the death of the insured.

Not exact matches

There is an option of adding the Income Benefit Rider wherein, in case of death of the insured, 10 % of the rider Sum Assured will be paid to the beneficiary every year post death till the maturity of the plan in addition to the death benefit payable as above.

In the event of death caused due to accident or due to any consequence of injury within 12 Months post occurrence of accident is covered up to the full sum insured amount.

Capital sum insured shall be paid in the event of death caused due to any bodily injury within 12 months post sustaining the injury.

For the first option, 100 % of the chosen Sum Assured is paid to the nominee immediately post the death of the life insured.

It is useful post the sudden death of the insured especially if he is the sole earning member of the family.

The monthly income will be payable each month on the anniversary date, starting from the first Policy Anniversary post the date of death of the Life Insured.

On death of the insured, an amount in lump sum is paid to the nominee post which, a monthly amount is paid for 5 years or till 60 years whichever is later.

On death of the insured, a lump sum amount is paid to the nominee post that, a monthly amount is paid for 5 years or till 60 years whichever is later.

Sum insured as opted at the time of enrollment in plan shall be paid in the event of death caused due to any bodily injury within 12 months post sustaining the injury.

Under the Monthly Income Benefit option, post death of the life insured, 0.50 % of Sum Assured will be paid monthly following the month from the date of death of the life insured.

The death benefit can be availed either as a lump sum benefit where the chosen Sum Assured is paid or as a monthly income benefit where a percentage of the Sum Assured is paid every month for a pre-determined period post the death of the life insured

Post renewal the sum assured will be paid to the dependent of the insured in the case of death of the policyholder.

In case the insured dies post deferment period, the sum assured that is the higher of chosen sum assured or 10 times the annual premium, vested simple reversionary bonuses and final addition bonus, if any shall be paid, subject to a minimum of 105 % of all premiums paid till the date of death

o Lump Sum + Equal Annual Installments: If the policyholder chooses Installment option, 50 % of the Death Sum Assured will be paid as lump sum immediately on death of the life insured and the remaining amount is paid annually in 5 equal installments (starting post 1 year from date of death of the life insuDeath Sum Assured will be paid as lump sum immediately on death of the life insured and the remaining amount is paid annually in 5 equal installments (starting post 1 year from date of death of the life insudeath of the life insured and the remaining amount is paid annually in 5 equal installments (starting post 1 year from date of death of the life insudeath of the life insured).

Get twin benefits of Lump Sum payout & Monthly Income for the family for 10 years post death of life insured.