The death benefit payable will be the amount higher of the Sum Assured or 10 times the annual premium or 105 % of total
premiums paid till the date of death for regular premium payment option and higher of Sum Assured or 125 % of the Single Premium paid under the Single Premium payment option.
Not exact matches
The Sum Assured on
death is higher
of 10 times the annual
premium or 105 %
of all
premiums paid till death or the SA as on the
date of death for regular
pay plans.
For age at entry less than 45 years, higher
of (i) 10 times Annualised Premium *, (ii) 105 %
of total
premiums paid till date of death or (iii) Sum Assured
Death Benefit: The policy covers the insured till 100 or 85 years of age and in case the insured dies within policy term, the nominee shall be eligible for a sum assured payable on death that is higher of sum assured on maturity or 11 times annualized premium or 105 % of all premiums paid till the date of
Death Benefit: The policy covers the insured
till 100 or 85 years
of age and in case the insured dies within policy term, the nominee shall be eligible
for a sum assured payable on
death that is higher of sum assured on maturity or 11 times annualized premium or 105 % of all premiums paid till the date of
death that is higher
of sum assured on maturity or 11 times annualized
premium or 105 %
of all
premiums paid till the
date of deathdeath
For age at entry greater than 45 years, the
death benefit is higher
of 7 times annualised
premiums or 105 %
of total
premium or
paid till date of death or 200 %, 250 % or 300 %
of sum assured depending on the PPT chosen.
For Life Insured with entry age below 5 years:
For minor lives, where the entry age is below 5 years, in case
of death during the 1 year and 11 months from the
date of commencement
of the policy, 105 %
of total
premiums paid till date of death.
For life insured with the entry age
of 5 years and above, the
death sum assured, irrespective
of survival benefit already
paid, is either equal to or higher than
of 10 times
of annualized
premium, or 105 %
of premiums paid till date of death, or minimum guaranteed sum assured on maturity or absolute amount assured to be
paid on
death.
For age at entry less than 45 years, the
death benefit is higher
of 10 times annualised
premium or 105 %
of total
premium or
paid till date of death or 200 %, 250 % or 300 %
of sum assured depending on the PPT chosen.
For minor lives, when the entry age is below 5 years, in the event
of death during the first 1 year and 11 months
of the policy, 105 %
of total
premiums paid till the
date of death is payable.
So, if an insurance policy states a
death benefit will be higher
of 10 times the annual
premium or 105 %
of the total
premiums paid till date or the sum assured, that will be first calculated to arrive at the sum assured on
death and then the formula
for paid - up sum assured will apply on this base sum assured.
Death benefit amount: Sum assured is higher of: 10 times of annualized premium for age at entry less than 45 years or 7 times annualised premium for age at entry 45 years and above or 105 % of total premium * paid till date of death or 1.25 times or 2 times of Sum Ass
Death benefit amount: Sum assured is higher
of: 10 times
of annualized
premium for age at entry less than 45 years or 7 times annualised
premium for age at entry 45 years and above or 105 %
of total
premium *
paid till date of death or 1.25 times or 2 times of Sum Ass
death or 1.25 times or 2 times
of Sum Assured.