Sentences with phrase «provides lump sum benefit»

Max Life Accidental Death & Dismemberment Rider provides lump sum benefit in case of death / dismemberment due to accident

Hospi Cash Rider: - This rider allows payment of a fixed benefit for each day of hospitalization and also provides lump sum benefit in case of surgery.

Bharti AXA Life Hospi Cash Rider: - This rider allows payment of a fixed benefit for each day of hospitalization and also provides lump sum benefit in case of surgery.

1) Bharti AXA Life Hospi Cash Rider (UIN: 130B007V02): This rider allows payment of a fixed benefit for each day of hospitalization and also provides lump sum benefit in case of surgery.

This Rider provides a lump sum benefit on diagnosis of any one of the 19 critical illnesses which you can use to cover expenses associated with the illness.

This plan provides a lump sum benefit amount after a survival of 30 days.

The uniqueness of a critical illness plan is that it provides the lump sum benefit (Sum Assured) when the policyholder is diagnosed with any of the covered illnesses, irrespective of the actual cost of the treatment.

Provides a lump sum benefit to pay for Costs for the care and treatment, recuperation aids, debts pay off and also fund for a change in lifestyle.

Critical Illness Insurance, sometimes referred to as Specified Disease Insurance, is a type of insurance which provides a lump sum benefit if an insured is diagnosed with one of the conditions specifically listed in the policy.

In case of such an accident, the flight accident insurance provides a lump sum benefit amount for you or your beneficiary.

This coverage provides a lump sum benefit (up to the policy limit) if loss of life or limb occurs while boarding, traveling in, or disembarking from an airplane during a covered trip.

Hospi Cash Rider: - This rider allows payment of a fixed benefit for each day of hospitalization and also provides lump sum benefit in case of surgery.

1) Bharti AXA Life Hospi Cash Rider (UIN: 130B007V02): This rider allows payment of a fixed benefit for each day of hospitalization and also provides lump sum benefit in case of surgery.

In case of death in an accident or the loss of one or more limbs, this benefit would provide a lump sum benefit.

In the event of the key employee's death, the policy's death benefit is payable to the company which can be used to provide continued supplemental benefits or to provide a lump sum benefit to the executive's named beneficiary.

In the event the executive dies, the life insurance policy death benefits are available to fund the plan and provide a lump sum benefit to the executive's beneficiary subject to the terms of the agreement.

These plans are designed with the single aim of protecting the income of an individual for his family by providing a lump sum benefit in the event of the individual's death.

HDFC Life Cancer Care Plan: It provides lump sum benefits on diagnosis of cancer that assists in protecting your income and savings.

Not exact matches

If you die during these years, the term policy is there to provide a lump sum death benefit to your survivors.

The Critical Illness Benefit Rider provides a one - time lump sum benefit if the insured experiences a covered critical illness and meets the benefit eligibility requirBenefit Rider provides a one - time lump sum benefit if the insured experiences a covered critical illness and meets the benefit eligibility requirbenefit if the insured experiences a covered critical illness and meets the benefit eligibility requirbenefit eligibility requirements.

A self - managed super fund (SMSF) can pay benefits in the form of a lump sum, an income stream (pension) or a combination of both, provided the payment is allowed under super law and the fund's trust deed.

A family income benefit rider provides steady income to beneficiaries to cover monthly costs beyond the lump - sum death benefit in the event the insured dies prematurely,.

Whereas, a life insurance contract is an asset that is designed (at least traditionally) to provide a death benefit to one's estate, an annuity is centered around converting a lump sum payment (or series of payments) into a stream of income for a fixed period (usually for life).

If you have questions about whether your pension benefit — be it annuity payments, a lump sum or both — has been calculated correctly, the American Academy of Actuaries» Pension Assistance List may be able to provide answers.

Both IUL and VUL policies provide permanent coverage, pay a lump sum death benefit to your beneficiary and provide cash value growth and access to your cash value via withdrawals or loans.

The benefit of the lump - sum option is that it provides larger funds up - front.

The benefit of the lump - sum option is that it provides greater funds up front.

In exchange for premium payments, a life insurance policy provides a tax - advantaged lump - sum payment, known as a death benefit, to the beneficiaries when the insured passes away.

You make payments on the policy and, in return, the insurance company provides a lump - sum payment, also called a death benefit, to the beneficiaries you have chosen upon the death of the insured.

As an asset based policy, it provides cash indemnity for long - term care services and a lump sum life insurance death benefit.

Although borrowing a lump - sum is most common, you can also structure deals that pay benefits that provide an income stream until the end of the contract.

Many people are choosing this type of life insurance with long - term care rider because it provides coverage for LTC and a lump sum death benefit.

Your rider also provides a guaranteed lump sum death benefit to your beneficiary.

With one lump sum payment, you will have a paid - up death benefit provided by the issuing insurance company that will allow you to pre-fund specific legacy goals with confidence.

Even if you do have a large estate, a lump sum death benefit is often needed to provide necessary liquidity for business continuity and family business succession planning.

AXA's long - term care life insurance provides the benefits of life insurance, including cash value accumulation and a lump sum death benefit, combined with long - term care insurance to provide for the costs associated with LTC services.

A life insurance policy is simply a contract between a life insurance provider and an individual to provide a lump - sum payment, called a death benefit, in exchange for making premium payments to the provider.

Similar to whole life insurance, term life coverage provides a lump sum death benefit in the event that the policyholder passes away while the policy is still active.

Budgeting loans and advances: This is a Government scheme providing interest free loans to those on certain income - based benefits if you need essential items for your home or other things that you can not pay for in a lump sum, such as clothes and furnishings.

Homeowners have access to many financial benefits like quick and easy equity loans that provide the ability to borrow a lump sum of cash or to set up a liquid cash line.

Defined contribution plans usually allow lump - sum benefit payments to alternate payees, but some also provide for a stream of payments over the payee's lifetime after retirement.

The death benefit provided by a life insurance policy is a lump sum of money that's tax - free.

The policy provides a lump sum death benefit, cash value accumulation, potential dividends and reimbursement for long term care costs.

The good news is, that apart form your stand alone long term care insurance companies, there are newer hybrid long term care life insurance policies available that provide both lump sum death benefit protection, coupled with long - term care protection.

Life insurance policy is a contract between the insurers or insurance provider wherein a lump sum amount is promised as a death benefit to the beneficiary in the event of the policyholder's death, provided the policy was active and the premiums were paid till the insured's death.

If the settlement provides for the payment of a lump sum in an amount offered by the insurer and, with respect to a benefit under the Statutory Accident Benefits Schedule that is not a lump sum benefit, the settlement contains a restriction on the insured person's right to mediate, litigate, arbitrate, appeal or apply to vary an order as provided in section 280 to 284 of the Act, a statement of the insurer's estimate of the commuted value of the benefit and an explanation of hoe the insurer determined the commuted value.

The applicant was therefore not entitled to accident benefits, and was not entitled to any award under the Ontario Regulation 664, which provides for a lump sum award of up to 50 % of the amount to which a person is entitled under the Schedule.

The employer provided 13 weeks» working notice during which time there was benefit continuation, plus an eight weeks» lump sum payment.

Although Deeley had provided Wood with the benefits she was entitled to during the notice period as well as a lump sum payment to arguably account for the lack of severance pay, this did not change the fact that the termination clause was deficient and unenforceable.

This is materially different from a defined contribution plan, which provides an employee with a finite total amount or lump sum of retirement benefits.