Sentences with phrase «rider benefit ceases»
The insurance cover and rider benefit ceases.
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The Rider Sum Assured in addition to the Death Benefit under the Base Policy will be paid to the nominee and the rider will cease to exist.
If the chosen policy term is 14 years, and the insured does not pay premiums for first 2 years, then the policy shall lapse at the end of the grace period and the insurance cover with rider benefits will cease automatically.
The Rider Sum Assured in addition to the Death Benefit under the Base Policy will be paid to the nominee and the rider will cease to exist.