Sentences with phrase «sum death benefit on those policies»

Not exact matches

Term life insurance is defined as a contract between the owner of the policy and the insurer, for a policy on the life of the insured, whereupon the insured's death, the insurer pays a lump sum death benefit to the beneficiary.

You make payments on the policy and, in return, the insurance company provides a lump - sum payment, also called a death benefit, to the beneficiaries you have chosen upon the death of the insured.

Fund Value means the market value of the units as on date of Intimation excluding sum assured and any other death benefit after deducting applicable charges as per «policy bond» as on date of Intimation.

Life Insurance benefit: This is the sum assured that is paid on the unfortunate death of the policy holder.

Death Benefit: In case of death of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highesDeath Benefit: In case of death of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highesdeath of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highesdeath will be paid to the nominee which is highest of:

If you die during the policy term, the policy pays out the predetermined sum of money (or death benefit) to your named beneficiary (ies) as long as you continued to pay your premiums on time.

In exchange for paying premiums on a policy, the insurance company provides a lump - sum payment (far in excess of what you paid in), known as a death benefit, to beneficiaries upon the insured's death.

That way, if you die prematurely, the lump sum death benefit paid by the insurer based on your term policy's face amount will protect your family's future with the funds needed to move on and not be left financially desolate.

From laddering term policies to taking an annualized income instead of a lump sum death benefit, we know all the ways to save you money on life insurance.

A death benefit on your insurance policy is an amount of money that may be paid out in a single lump sum...

Policy continuance Benefit — in case of eventuality one can get lump sum benefit immediately on death to ensure financial security or can get future premiums waived off and ensure all other benefits are payable to the benefBenefit — in case of eventuality one can get lump sum benefit immediately on death to ensure financial security or can get future premiums waived off and ensure all other benefits are payable to the benefbenefit immediately on death to ensure financial security or can get future premiums waived off and ensure all other benefits are payable to the beneficiary.

Any sum received other than as death benefit under an insurance policy which has been issued on or after April 1 2003 and if the premium payable in any of the years during the term of the policy does not exceed 20 % of the sum assured.

vary depending on the type of life policy and its coverage benefits, most life insurance policies are set up so that in the event of a person's death, a sum of money is paid to the chosen beneficiary.

Policy benefits: • Payment is available on a weekly basis for loss of income due to accidental injury • Lump sum payments for death and permanent disabilities for accidents • Cover is available 24 hours worldwide, or can be limited to working hours

The premium payment is annual for 30 years of the policy tenure In case of all the above 9 options, the death benefit amount will be paid in lump sum on diagnosis of terminal illness.

The enhanced death benefit premium are calculated based on the increasing sum assured and the remaining policy term.

On his death, his family gets a lump sum death benefit of Rs. 90 lacs and the Policy terminates.

This is a non-guaranteed benefit and is paid out as a percentage of the sum assured on the maturity annually starting from the 6th Policy year, until maturity or death (whichever is earlier)

Death benefit: On the death of the insured, PNB MetLife Insurance Company would pay your nominee the sum assured provided the policy is in force and acDeath benefit: On the death of the insured, PNB MetLife Insurance Company would pay your nominee the sum assured provided the policy is in force and acdeath of the insured, PNB MetLife Insurance Company would pay your nominee the sum assured provided the policy is in force and active.

On death of the life Assured during the policy term, total of the following becomes payable in lump sum: 100 % of Sum Assured, irrespective of survival benefits already paid plus accrued bonuses declared till death.

• Income on death: In case of the policy holder's death the beneficiary will receive the sum assured as death benefit.

Add - on benefit as accidental death benefit rider is offered by the policy, under which in case of accidental death of the insured a sum assured amount along with accidental death benefit is paid to the beneficiary of the policy.

1) Sum assured on death plus an amount is equal to the sum assured, which is the maximum of Rs2 crore will be paid as an accidental death benefit and the policy will be terminated.

Since Amulya Jeevan II is a pure insurance plan, the plan only offers death cover or death benefits which means that if the policyholder meets with death at any time during which the policy is in force then LIC will give to the nominee (s) of the policy holder's Amulya Jeevan II policy the sum assured on death amount.

Life insurance is usually a pretty straightforward product: you pay for the policy and when you die, a sum of money (the death benefit) goes to the beneficiaries you named on your policy (find out How to Collect a Life Insurance Payout).

In case, of a term insurance plan, the policyholder only receives death benefit i.e. in the event the person survives the policy term, the person will not receive the sum assured on completion of the policy term.

A premium waiver benefit offers such an offering where the insurer pays for the premium costs if the policyholder expires during policy tenure and also pays out a death cover as a lump sum amount to the child on maturity.

Death benefit: In case of the death of the policyholder, the family of the of policyholder receives a lump sum amount as long as the policy term continues, which is 250 times the premium paid on monthly basis along with the loyalty additDeath benefit: In case of the death of the policyholder, the family of the of policyholder receives a lump sum amount as long as the policy term continues, which is 250 times the premium paid on monthly basis along with the loyalty additdeath of the policyholder, the family of the of policyholder receives a lump sum amount as long as the policy term continues, which is 250 times the premium paid on monthly basis along with the loyalty additions.

The basic features of this policy are: ● Fixed minimum basic sum assured ● Death benefit is higher of 10 times the annualized premium or absolute amount assured ● On maturity, sum assured and bonus is payable ● The death benefit amount is tax -Death benefit is higher of 10 times the annualized premium or absolute amount assured ● On maturity, sum assured and bonus is payable ● The death benefit amount is tax -death benefit amount is tax - free

Unlike a CI rider, this product provides Accelerated CI options (which means the policy will continue with the death benefit reduced to the extent of the critical illness sum assured paid) in two variants (7 illnesses and 35 illnesses), depending on the requirements of the customer, which is a cost effective feature and caters to a unique need.

The plan also provides comprehensive protection by paying a lump sum amount on death of the insured and the policy continues to be in force and benefits are paid as scheduled.

Death Benefit: The policy covers the insured till 100 or 85 years of age and in case the insured dies within policy term, the nominee shall be eligible for a sum assured payable on death that is higher of sum assured on maturity or 11 times annualized premium or 105 % of all premiums paid till the date of Death Benefit: The policy covers the insured till 100 or 85 years of age and in case the insured dies within policy term, the nominee shall be eligible for a sum assured payable on death that is higher of sum assured on maturity or 11 times annualized premium or 105 % of all premiums paid till the date of death that is higher of sum assured on maturity or 11 times annualized premium or 105 % of all premiums paid till the date of deathdeath

Extra protection component enhances the death benefit of the policy by increasing the sum assured on death.

Term life insurance is defined as a contract between the owner of the policy and the insurer, for a policy on the life of the insured, whereupon the insured's death, the insurer pays a lump sum death benefit to the beneficiary.

Death benefit - The beneficiary receives a lump sum amount on the demise of the policyholder incase death during the policy peDeath benefit - The beneficiary receives a lump sum amount on the demise of the policyholder incase death during the policy pedeath during the policy period.

Under this benefit, in case the holder of the policy dies within the term of the policy than the sum assured on death plus simple reversionary bonuses and the Final Additional Bonus is there then it will be given.

Life variant: In case of demise of the life assured within the term of the policy, the death benefit is higher of, 105 % of total premiums paid or sum assured on death plus vested bonus plus terminal bonus.

Super variant: In the event of death of the life assured during the term of the policy, the death benefit is higher of, 105 % of total premiums paid or sum assured on death plus vested bonus plus terminal bonus.

In the event of death of the life insured during the policy term, provided all due premiums are paid, the death benefit payable is sum assured on death plus guaranteed loyalty additions plus vested bonus plus interim bonus plus terminal bonus.

Scenario A - Death Benefit: In the event of his death during the policy term, the Death Benefit payable is higher of Sum Assured including top - up sum assured (less partial withdrawals if any), Fund Value including top - up fund value, Or 105 % of total premiums paid including top - up premiums paid as on the date of dDeath Benefit: In the event of his death during the policy term, the Death Benefit payable is higher of Sum Assured including top - up sum assured (less partial withdrawals if any), Fund Value including top - up fund value, Or 105 % of total premiums paid including top - up premiums paid as on the date of ddeath during the policy term, the Death Benefit payable is higher of Sum Assured including top - up sum assured (less partial withdrawals if any), Fund Value including top - up fund value, Or 105 % of total premiums paid including top - up premiums paid as on the date of dDeath Benefit payable is higher of Sum Assured including top - up sum assured (less partial withdrawals if any), Fund Value including top - up fund value, Or 105 % of total premiums paid including top - up premiums paid as on the date of deathdeath.

A policy will also pay a death benefit if an employee is killed on the job, and pay a lump sum if an employee is permanently disfigured.

A term insurance policy doesn't provide any maturity benefit to the insured person and sum assured is given on the death of the insured person.

The main feature of LIC's New plan — Jeevan Umang is it provides annual Survival Benefits from the end of the PPT (Premium Paying Term) till policy maturity and also pays lump sum amount at the time of maturity (or) on death of the policyholder (during the policy tenure).

On Death of the Life Insured during the Policy Term, lump sum Death Benefit equal to Guaranteed Sum Assured on Death (GSAD) will be payable to the nomineOn Death of the Life Insured during the Policy Term, lump sum Death Benefit equal to Guaranteed Sum Assured on Death (GSAD) will be payable to the nomineon Death (GSAD) will be payable to the nominee.

The company will also pay a «Family Income Benefit» @ 5 % of the sum assured to the nominee / beneficiary on each policy anniversary in case of death of the life insured.

- In case the life insured dies within the policy tenure then the prevailing sum assured as on the date of death will be payable as Death Benefit to the nominee and the policy will terminate immediadeath will be payable as Death Benefit to the nominee and the policy will terminate immediaDeath Benefit to the nominee and the policy will terminate immediately.

The plan provides for annual survival benefits from the end of the premium paying term till age 99 and a lump - sum payment at the time of maturity or on death of the policyholder during the policy term.

Mr. Chirag at 35 years of age, opts to buy HDFC Life YoungStar Udaan (career maturity benefit option with classic waiver death benefit option) with the policy term of 15 years, premium payment term of 10 years, annual premium amount of Rs 50,000, and sum assured on maturity of Rs 5,00,000.

In the event of accidental death during the tenure of the policy (provided the life assured is aged 18 years & above on the date of death), an additional sum assured is payable apart from the death benefit mentioned above as per the policy terms and conditions.

Death Benefit: In case of death of the Life Insured provided the policy is in - force and all due premiums till the date of death have been paid during the policy term, the sum assured on death will be paid to the nominee which is highesDeath Benefit: In case of death of the Life Insured provided the policy is in - force and all due premiums till the date of death have been paid during the policy term, the sum assured on death will be paid to the nominee which is highesdeath of the Life Insured provided the policy is in - force and all due premiums till the date of death have been paid during the policy term, the sum assured on death will be paid to the nominee which is highesdeath have been paid during the policy term, the sum assured on death will be paid to the nominee which is highesdeath will be paid to the nominee which is highest of: