Sentences with phrase «receive death sum»

In the event of an unfortunate demise of the life insured, the nominee will receive the Death sum assured along with the compound, reversionary and terminal bonus, if any.

Raman's nominee will receive Death sum assured of Rs 5 Lacs (or highest of 10 times the Annualized Premium or minimum guaranteed sum assured on maturity or 105 % of all paid premiums).

If Akash dies during the term of the policy, his nominee will receive the death sum assured, which is 125 % of the basic sum assured (i.e. 125 % of Rs. 3,00,000) as well as the accrued bonus.

Should Akash die due to an accident during the policy term, the nominee will receive the death sum assured (which is 125 % of Rs. 3,00,000), the additional accident sum assured (Rs. 3,00,000) as well as the accrued bonus.

Not exact matches

Aside from the obvious value of receiving a large amount of cash as a lump sum, there are some risks with choosing an annuity to receive the death benefit.

If the death benefit is worth $ 1 million, and you elect to receive an annuity that pays out 6 % per year, you have to wait almost 17 years just to break even with what you'd get from a lump sum.

2) Bharti AXA Life Accidental Death Benefit Rider (UIN: 130B008V01): Under this rider you will receive additional sum assured as chosen in case of unfortunate event of death due to an acciDeath Benefit Rider (UIN: 130B008V01): Under this rider you will receive additional sum assured as chosen in case of unfortunate event of death due to an accideath due to an accident.

This rider enables you to receive a lump sum portion of your death benefit to help pay expenses if you become terminally ill or need to live in a nursing home.

Surely the insurance companies would go out of business if they had to pay out all these death benefits after receiving such a small sum in premiums.

Lump - sum benefit In the event of your death, your beneficiaries will receive a tax - free benefit.

If you're a dependant of the deceased, you don't need to pay tax on the taxable component of a death benefit if you receive it as a lump sum.

This just means that, in the case that you died during the first 2 years of coverage, unless your passing was considered to be an accidental death by the insurer your beneficiaries would only receive a minor payout (the sum of your premium payments with 7 % interest compounded annually).

You can receive a lump sum payment from your death benefit, on a discounted basis, if you are diagnosed with a specific critical injury, such as a coma, severe brain injury, severe burns and paralysis.

Death Benefit Protection — Your entire accumulated value will be paid to your beneficiaries, who can elect to receive their benefits in a lump sum or series of payments.

Dear sir I am taking online plan but on company toll free no they tell me that in montly income plan policy we get sum assured at the insured person death & after that nominee also receive a monthly income for 10 years.

Your beneficiaries receive a tax - free, lump - sum benefit after your death to cover living expenses, mortgage and debt payments, or anything else they need

As long as you are within the IRS per diem limit you can receive 2 % or 4 % of the death benefit either monthly or through an annual lump sum payment.

Guaranteed death benefit protection so that your beneficiary receives a lump sum payout when you die.

Additionally, the death benefit of life insurance is not taxed to the trust beneficiary, allowing the beneficiary to receive a large lump sum cash payout.

Instead of taking the Death Benefit of a life insurance policy all at once as a lump sum, it's also possible to receive the policy's payout in regular installments.

When you sign up for our credit card payment insurance, you'll receive a lump - sum payment of up to $ 25,000 on your outstanding balance in the event of death, depending on the plan you choose.

If your beneficiaries elect to receive the death benefit as installments rather than a lump sum, some of that will be taxed.

Non-dependent beneficiaries will only be able to receive super death benefits as a lump sum.

If your beneficiary is a spouse or dependant they may choose to receive your death benefit payment as a pension or a lump sum.

Annuity payments are received until death and can't be commuted into a lump sum.

In case of your unfortunate death during the term of your life insurance policy, your nominee will receive the sum assured as the death benefit.

In case your nominee is a minor at the time of your death, your appointee will receive the sum assured on the condition that he or she will hand over the sum assured to the nominee as soon as he or she is 18 years old.

The benefit can be paid in installments or a lump sum, with the beneficiary receiving the balance of the insurance payout after the policyholder's death.

Under taxation law, a person is included in the definition of a death benefit dependant if they receive a super lump sum because the deceased died in the line of duty.

This Guideline applies to an SMSF that receives a superannuation lump sum resulting from the commutation [1] of a death benefit income stream where the commutation occurred in circumstances described in paragraph 16 of this Guideline.

If there are no dependent children, or none that are eligible for this benefit at the time of death, the beneficiary will receive a lump sum payment of $ 2,500.

The husband signed «Expression of Wish (Nomination of Beneficiaries) Form, saying that «the trustees / scheme administrator has absolute discretion as to which of my beneficiaries receive the lump sum death benefit, I would like this to be paid to the following», where the widow is named with 100 % percent.

The sum of # 12,980 is paid out to spouses or civil partners for the death of a partner, but this did not apply to unmarried partners who received nothing for a negligent death.

The death benefits are tax - deferred, and your family will receive a lump sum from the insurance provider at the time of your death.

Because with term insurance, you're generally just paying for the death benefit, the lump sum payment your beneficiaries will receive if you die during the term of the policy.

In the majority of cases, a named beneficiary will receive the death benefits as a lump sum payment and these proceeds are not subject to income tax.

Upon your death, this feature allows you to set up your policy so that your family or beneficiary will receive monthly payments, rather than a lump sum.

Yes, in most instances your named beneficiary will receive a non-taxable lump sum payment on your death benefits.

Graded which causes your death benefit to be limited the first two years but you will in return receive the greater sum of the total premium paid with 4.5 % interest of 30 % of the face amount.

It will NOT provide life insurance coverage, so if you die due to a natural cause, your beneficiary will not receive a lump sum death benefit.

If you pass away, your beneficiaries receive a lump sum death benefit.

In addition to this, a critical illness cover can be added to your life insurance policy, through which you receive a lump sum on diagnosis or death, whichever comes first.

The buyer (funder), usually an investment company, pays the patient a lump sum of 50 — 80 percent of the policy's face value, pays the premiums until the patient dies, and receives the death benefit.

There are a few edge cases, like if the death benefit is rolled up in an estate tax or if your beneficiaries elect to receive it in installments rather than a lump sum, but for the most part the money is paid out without being reduced by taxes.

Even though the beneficiaries will receive the basic sum assured in case of your death, the Accidental Rider offers your family extra funds to make sure that you can manage all their expenditure, thereby making it less nerve - racking to deal with the loss of their loved one.

Recurring payout option also allows the beneficiary to receive a lump sum benefit instead of regular monthly or yearly payouts anytime after the death of the life insured.

If the death benefit is worth $ 1 million, and you elect to receive an annuity that pays out 6 % per year, you have to wait almost 17 years just to break even with what you'd get from a lump sum.

If you pass away during the term of your policy, your designated beneficiaries will receive a tax - free, lump - sum death benefit.

The nominee can choose either to receive annuity payouts from the death benefit partly or in full or withdraw the lump sum amount

In case of an unfortunate death of the policyholder, the nominee can either take a lump sum or receive a regular pension for the rest of the policy tenure.