Sentences with phrase «received till the date of death»

If «With ROP» is chosen then the higher of the surrender value on the date of death or 80 % of the premiums received till the date of death, will be refunded.

Not exact matches

The nominee can avail the death benefit in lump sum or choose to receive the monthly Family Income Benefit of 1.5 % of the Sum Assured as and when it accrues, i.e. following the date of death of the insured till the end of the tenure.

Even in case of death of the Life Assured, the Maturity Benefit will be payable if all Installment premiums due till date of death of the Life Assured have been received in full.

The policy has a 90 day waiting period from the date of acceptance of risk within which, if death occurs (other than due to accident), the nominee will receive 100 % of the premiums paid till the date of death excluding taxes.

If the Life Assured, whether sane or insane, commits suicide within 12 months from the date of commencement or revival of the policy, nominee or beneficiary will receive 80 % of the premiums paid till the date of death, excluding taxes and underwriting extra premiums, if any, provided the Policy is in - force and we will not pay any insured benefit.

In case of death during the policy term, Jeevan's nominee will receive a fixed amount every month, similar to Jeevan's monthly Income, for a period till Jeevan would have attained 60 years of age or for 120 months from the date of death, whichever period is higher.

In case of death of the policyholder, the nominee shall receive higher of either sum assured or 105 per cent of premiums paid till date of death or a multiple of Annual Base Premium, the release said.

o Monthly Income Benefit: In case of death of the life insured during the policy term, the nominee is entitled to receive the monthly income that starts from the date of death till the end of the policy term, subject to a guaranteed payout for a minimum period of 36 months.

In case of death of the Annuitant within the Policy Tenure, the nominee will receive 101 % of Total Premiums paid till date + Bonuses

In case of death of the Annuitant within the Policy Tenure, the nominee will receive 101 % of Total Premiums paid till date + Bonuses, subject to a minimum of 105 % of total premiums paid till date as Death Benefit which can be taken by the nominee as a lumpsum or as anndeath of the Annuitant within the Policy Tenure, the nominee will receive 101 % of Total Premiums paid till date + Bonuses, subject to a minimum of 105 % of total premiums paid till date as Death Benefit which can be taken by the nominee as a lumpsum or as annDeath Benefit which can be taken by the nominee as a lumpsum or as annuity.

Case II: In case of unfortunate demise of Rakesh, his family will receive the Sum Assured on Death of Rs 3,60,000 plus Accrued Guaranteed Additions (till date of deDeath of Rs 3,60,000 plus Accrued Guaranteed Additions (till date of deathdeath).

Along with that, the nominee will also receive accrued terminal and reversionary bonus till the date of death and the policy terminates.

A waiver of premium rider allows the policy to continue even after the death of the policyholder without paying any premium till the maturity date and the child receive both the death benefit (at the time of death of the policyholder) and the maturity benefit (at the time of maturity of the policy).

In the unfortunate event of death of life insured, provided all due premiums till the date of death have been paid and the policy is in - force, the policyholder or nominee shall receive the higher of