Sentences with phrase «premiums after the death of the policy holder»
Many people are worried about how their family members will pay the premiums after the death of the policy holder.
https://www.policybazaar.com/ Not exact matches
LIC agent has approached me for new endowment plan for 16 years, sum assured Rs. 9,00,000, premium is Rs. 60,000 pa, maturity benefits is Rs. 21,24,187 after maturity if I opt for pension plan Rs. 16,197 pm till the death of policy holder at his death maturity benefit amount will be paid to nominee.
Since the term of the policy is not defined the policy holder enjoys coverage his entire life by paying premium for the same till their death, after which the money is paid of to the family members.
In case of death before the commencement of risk, policy holder's family will get the paid premiums till date after deducting taxes, extra premium and rider Premiums (premiums till date after deducting taxes, extra premium and rider Premiums (Premiums (if any).
Other than those main benefits mentioned above, any policyholder of this premium policy will gain some optional benefits as in, Rider benefits: ● LIC benefit under the claim for accidental death of the premium holder or even the disability after the accident.
No premium is required to be paid on the children policy on the death of the main policy holder and full sum assured with the accrued bonus shall be paid to the child after the completion of the term of the children policy.
Insurance21 Replied: 30-03-2018 12:25:36 If the policy has been taken with premium waiver rider and proposer's death happens during premium paying term (for example 1 or 2 year after taking policy), then further premium will be waived off and all benefits will be paid to child (policy holder) at the time of money back and maturity.