Sentences with phrase «sum after the death of the policy holder»
Not exact matches
Like any other Life Insurance, here also you will get assured sum after maturity and in case of death of the policy holder the nominee will be benefited by the amount.
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LIC agent has approached me for new endowment plan for 16 years, sum assured Rs. 9,00,000, premium is Rs. 60,000 pa, maturity benefits is Rs. 21,24,187 after maturity if I opt for pension plan Rs. 16,197 pm till the death of policy holder at his death maturity benefit amount will be paid to nominee.
On death before the beginning of risk, an amount equivalent to the policy holder's fund value will be payable, whereas on death after the date of beginning of risk, an amount equivalent to the higher of sum assured or policy holder's fund value to be paid.
After the date of maturity, all death claim benefits cease to exist and the policy holder is paid the agreed sum assured along with vested bonus.
An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its «maturity») or on the death of the policy holder.
Like other plans here also you will get assured sum after maturity and in the case of the death of the policy holder the nominee will be benefited by the sum assured amount.
No premium is required to be paid on the children policy on the death of the main policy holder and full sum assured with the accrued bonus shall be paid to the child after the completion of the term of the children policy.
Insurance21 Replied: 16-06-2017 09:46:42 In New Jeevan Anand 815, in case of death after maturity, policy holder's nominee will get an amount equal to sum assured as death claim amount.