For people who die from stroke, cancer, or any other number of ailments, their loved ones will only receive 110 % of the
total premiums paid to date.
On the death of the life assured, the nominee will receive the death benefit which is the Assured Death Benefit of 101 % of all
regular premiums paid to date.
On the death of the life assured, the nominee will receive the death benefit which is the assured Death Benefit of total
premiums paid to date accumulated at a guaranteed rate of 6 % per annum compounded annually.
The GPT requires that
premiums paid to date do not exceed the amount of one - time premiums that would fund the contract.
b) Death Benefit: On the death of insured, the nominee would be paid assured death benefit of total
premium paid to date accumulated at a guaranteed rate of 6 % per annum compounded annually.
§ However, if he dies within the Policy Tenure, the nominee will receive
Total Premiums paid to date accumulated at a Guaranteed Rate of 6 % p.a. compounded annually
If death occurs during the waiting period, they will refund you 110 % of
all premiums paid to date.
If you pass away in the first two years of the policy for any reason, other than by accident, your beneficiaries will only receive
the premiums paid to date plus 10 % interest.
Let's review that further: Any material misrepresentation, intentional or otherwise, on your application can void the policy and the only payment made to you would be
premiums paid to date.
In addition, the amount borrowed, up to the total of
your premiums paid to date, may be tax - free.
If the death occurs before the graded benefit period has passed the typical benefit is a return of all of
the premiums paid to date plus a small amount of interest on the premiums.
If death occurs during the first two policy years and is not accidental, American General Life Insurance Company will pay 110 % of
all premiums paid to date.
If death occurs during the graded period of 24 months,
the premiums paid to date will be returned plus an additional 7 %.
If you do pass away within the first two years and your beneficiaries receive 10 % interest on
the premiums paid to date, where else can you ensure that type of investment growth?
Also if you surrender the policy during the initial years, say 2 or 3 years from its inception, the surrender value would be approximately 30 % of
the premiums paid to date.
The death sum assured benefit offers = 10 times of the annual premium or 105 % of the total
premiums paid to date.
Note: Sum Assured on Death is the maximum of Sum Assured or Maturity Sum Assured or 10 times the annual premium payable or 105 % of total
premiums paid to date.
For the GPT, the sum of
the premiums paid to date must not exceed the guideline premium limitation.
The Death benefit is subject to a minimum of 105 % of total
premiums paid to date (excluding service tax)
105 % of total
premiums paid to date, excluding service tax, any applicable rider premiums and underwriting extras, if any
Assured Option: If this option is chosen at policy inception, then the Death benefit receivable by the nominee will be as follows: Basic Sum Assured + Top - up Sum Assured, if any, subject to a minimum of 105 % of total
premiums paid to date (excluding service tax).
Basic Sum Assured + Basic Fund Value as on the date of intimation of death + Top - up Sum Assured + Top - up Fund Value as on the date of intimation of death, subject to a minimum of 105 % of total
premiums paid to date.
Death Benefit: In case of the death of the life insured, during the policy term, the nominee is liable to receive the Death Benefit, which is higher of the following but never less than 105 % of total
premiums paid to date:
If you die by your own hand within a specified period of time set by the company the amount paid is limited to
the premiums paid to date.
A rider on a Life Insurance policy providing that, in the event of death of the insured within a specified period of time, the policy will pay, in addition to the face amount, an amount equal to the sum of
all premiums paid to date.
Option 1: Lump sum Amount on death: Guaranteed Death Benefit (The Guaranteed Death Benefit is the Sum Assured on Death which is the highest of Sum Assured or Maturity Sum Assured or 10 times the annual premium payable or 105 % of total
premiums paid to date)
In case of death of the Annuitant, the nominee will receive the Total
Premiums paid to date accumulated at a Guaranteed Rate of 6 % p.a.
However, if he dies within the Policy Tenure, the nominee will receive Total
Premiums paid to date accumulated at a Guaranteed Rate of 6 % p.a. compounded annually, subject to a minimum of 105 % of total premiums paid.
In case of death of the Annuitant within the Policy Tenure, the nominee will receive the Total
Premiums paid to date accumulated at a Guaranteed Rate of 6 % p.a. compounded annually as Death Benefit which can be taken by the nominee as a lumpsum or as annuity and the policy terminates.
Death Benefit — In case of death of the Annuitant within the Policy Tenure, the nominee will receive the Total
Premiums paid to date accumulated at a Guaranteed Rate of 6 % p.a. compounded annually as Death Benefit which can be taken by the nominee as a lumpsum or as annuity and the policy terminates.
If death occurs during the first two policy years and is not accidental, The Company that holds the policy will pay 110 % of
all premiums paid to date.