Sentences with phrase «receives during the policy tenure»

Survival Benefits are the policy benefits that the life assured receives during the policy tenure.

Not exact matches

The new policies would have allowed the dismissal of tenured professors who, after receiving unsatisfactory evaluations 2 straight years, failed to improve their performance during the following 2 years.

These term plans are called level term plans in industry parlance as the nominees receive the same level of death benefit if the worst comes to pass during the tenure of the term policy.

Furthermore, the insured receives back the accumulated premium, if the individual does not fall ill during the policy tenure.

Death Benefit - In case of unfortunate death of the policyholder during the tenure of the policy, the beneficiary of the policy receives the death benefit as the sum assured amount, which is 105 % of the total premium paid till demise.

If the insured dies or suffers permanent disability, during the tenure of the policy, the beneficiaries will receive benefits to make up for loss of income or unpaid debts left behind.

If during policy tenure, investor passes away, nominee receives Rs. 5.75 Lakh.

The investor receives a two - way benefit — an insurance cover during the tenure of the policy and an investment return on his money.

• Income during lifetime: Money back policy ensures that the insured party receives a sum every few years (usually 5 years) after the completion of the policy tenure.

However, if he happens to die during the tenure of the policy, his nominees will receives the corresponding sum assured and the policy terminates.

If the life insured dies during the tenure of the policy, then the nominated person receives the death benefit and this policy terminates

And that she, as a nominee will receive the sum assured (death benefit), in case of him passing away during the policy tenure.

If the there's an unfortunate demise of the policyholder during the policy tenure, his nominee receives the entire sum assured.

In case if you die during the tenure of your plan, the nominee as per stated in the documents of the policy will be able to receive tax - free cash payouts of a predetermined amount.

In the event of death of the life insured during the policy tenure, the nominee will receive Sum assured on death plus Accrued Reversionary Bonuses plus Terminal Bonus.