Sentences with phrase «receive under the rider»
We use the terms «income» and «lifetime income» to refer to any allowable withdrawals under the FlexChoice Access rider, as well as any lifetime income payments you would receive under the rider if your account value reduces to zero.
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This means that if you die due to an accident while covered under a life insurance policy with an AD&D rider, your beneficiaries could receive up to twice your face amount — one payout equal to your face amount from the life insurance half of the policy, and another payout from the AD&D rider.
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 accident.
This means that if you die due to an accident while covered under a life insurance policy with an AD&D rider, your beneficiaries could receive up to twice your face amount — one payout equal to your face amount from the life insurance half of the policy, and another payout from the AD&D rider.
This type of rider allows you, under certain circumstances, to receive the proceeds of your life insurance policy before you die.
Under certain circumstances, you can receive life insurance death benefits early through an accelerated death benefit rider to get access to money early so your family doesn't have to struggle through your final years.
No, coverage for mobility devices falls under our core policy, meaning there is no additional cost or rider to purchase in order to receive this benefit.
In the commission's ruling it stated: «To receive a rebate payment following approval of a customer's application and installation of a customer - owned or leased solar photovoltaic (PV) system, the customer must submit to Duke a certificate of completion indicating that the installation is complete and confirming that billing under an eligible rate schedule and net metering rider has commenced.»
A critical illness rider enjoys tax benefit under the Section 80D and proceeds received in the case of a claim are tax exempt under the Section 10 (10D) of the Income Tax Act.
In the event that the Insured dies after a written request for an accelerated death benefit is submitted but before payment is made and we receive written notice at our home office of this death, the request for an accelerated death benefit will be considered void and no benefit will be paid under the rider.
Level Term Rider Proceeds of this rider are payable to the beneficiary upon receiving proof that the person named as Covered Insured died while his or her coverage under this rider was in effect.
Upon the death of the insured, the designated beneficiaries receive the death benefit less the amount paid out under the long - term care rider.
When the insured passes away, the designated beneficiaries receive a reduced death benefit, the face value less the portion used under the accelerated death benefit rider.
This type of rider allows you, under certain circumstances, to receive the proceeds of your life insurance policy before you die.
Residual benefits: Under a residual benefits disability provision (either in the policy or available by rider), you'll receive partial benefits if your illness or injury has reduced your income but you're still able to work.
Under this rider benefit the nominee of the policy receives the extra sum assured amount on top of basic sum assured amount in case of accidental demise of the insured person.
Under the rider terms Samir will receive a specific sum (e.g. 75 % of total cover) towards the angioplasty.
You will receive Guaranteed Maturity Sum Assured which is equal to 100 % of total premiums payable (excluding taxes, rider premium, modal loadings and extra underwriting premium, if any) under the policy.
Under critical illness rider, the insured receives a lump - sum on the diagnosis of critical illness pre-specified in the policy.
If the incident is covered under CI rider and accidental rider, the policyholder receives benefits from both features
The assigned nominee can then receive the sum assured as specified under this rider.
If the person dies 6 months after contracting cancer, then under the accelerated rider she will be paid Rs10 lakh for cancer, after crossing the survival period and her on death the nominee will receive Rs90 lakh.