Sentences with phrase «sum death benefit payable»

Following R's death, D, his widow, filed an application for the lump - sum death benefit payable on his earnings record, as well as for a widow's insurance benefit to which she was also entitled on his earnings record.

Pursuant to these provisions, the Administration withheld the lump - sum death benefit payable to D on her deceased husband's earnings record.

Not exact matches

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have beeBenefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have beebenefit payout option chosen, subject to policy being in force and all due premiums have been paid.

The twin benefits available on this rider are sum assured that is payable on the death of the policyholder and a monthly income for ten years.

The payment is only payable where the death benefit is being paid as a lump sum to an eligible dependant of the deceased member, who is either a:

The benefit is payable to a designated beneficiary in the event of death by a lump sum of 4 x annual basic salary.

In the event of the key employee's death, the policy's death benefit is payable to the company which can be used to provide continued supplemental benefits or to provide a lump sum benefit to the executive's named beneficiary.

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.

Upon death of the insured the death benefit is payable which can be taken in monthly instalments or in one lump sum

Death Benefit: During the policy term if the unfortunate death of the life assured happens then the sum assured will be payDeath Benefit: During the policy term if the unfortunate death of the life assured happens then the sum assured will be paydeath of the life assured happens then the sum assured will be payable.

Death Benefit: In case of the demise of the insured person the beneficiary of policy LC Jeevan Anand is payable of total sum assured amount along with the simple reversionary bonus and the tenure of the policy continues to be inforce.

The lump sum death benefit is payable as long as the deceased worker was considered to be currently insured, which means they had at least 6 quarters of earnings covered by Social Security withholding during the full 13 - quarter period prior to their death.

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.

These are: • Death benefits deemed on not to increase • The maturity date payable • Death benefits that should be provided right after the maturity date is being determined • The sum amount of the total endowment benefit which includes the cash value surrendered within the maturity date that should not the very least exceed the amount payable as death benefit within the span of the contDeath benefits deemed on not to increase • The maturity date payable • Death benefits that should be provided right after the maturity date is being determined • The sum amount of the total endowment benefit which includes the cash value surrendered within the maturity date that should not the very least exceed the amount payable as death benefit within the span of the contDeath benefits that should be provided right after the maturity date is being determined • The sum amount of the total endowment benefit which includes the cash value surrendered within the maturity date that should not the very least exceed the amount payable as death benefit within the span of the contdeath benefit within the span of the contract.

In case of the death of the insured, the beneficiary can avail payable death benefit income on monthly basis or lump sum.

In this type of a plans, either maturity benefit or death benefit is payable monthly instead of a lump sum.

Death benefit payable will be higher the sum assured, 10 times the annualized premium or 105 % of the total premiums paid.

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.

Death Benefit: Upon the death of a single pay policyholder, Highest of 125 % of single premium or sum assured or absolute sum assured will be payable to the nomDeath Benefit: Upon the death of a single pay policyholder, Highest of 125 % of single premium or sum assured or absolute sum assured will be payable to the nomdeath of a single pay policyholder, Highest of 125 % of single premium or sum assured or absolute sum assured will be payable to the nominee.

The death benefit is payable as a lump sum of basic sum assured plus all the bonuses irrespective of all survival benefit paid earlier.

In case of death post the first 5 years, the chosen Sum Assured under the LIC pension plan including the accumulated Guaranteed Additions, Simple Reversionary Bonuses and Final Additional Bonus, if any till the date of death is payable to the nominee who can avail the death benefit whether in lump sum or annuity or partly in lump sum and partly in annuity depending on his choice

Also, in the event of unfortunate death, a lump sum benefit equal to higher of the sum assured or 105 % of all premiums paid till date of death will be payable.

Other value addition benefit includes Double Accident benefit which offers an additional benefit equal to sum assured shall be payable if death is caused within 180 days of any bodily injury sustained directly and solely from an accident

On demise of the policyholder, higher of the sum assured including top - up sum assured excluding the partial withdrawals or fund value including top - up fund value or minimum death benefit is payable.

If the insured dies within the grace period, then, death benefits under the plan shall be payable which is the complete sum assured after making applicable deductions of the premiums due.

The death benefits with Reduced Paid - Up value shall be the sum assured on death multiplied by the ratio of the number of premium installments paid to the total number of installment premium payable.

In the case of death of the insured before the date of the maturity, then the benefits of death that are payable to the nominees in a lump sum amount are as follows:

In case the ACI benefit has not been paid earlier than the sum assured amount on death will be payable to the insured person.

Irrespective of how much survival benefits has been paid, the entire sum assured is payable as death benefit along with accrued bonus.

Death benefit: If the insured had died within the coverage duration, then the sum assured could be payable to their own family contributors or nominee selected by using the Insured.

One of the most important benefits offered by this rider is, in the case of death in an accident, an extra sum assured, equivalent to the sum assured in the accidental benefit is payable.

The upside to this is that sum assured of the accident benefit will also be payable as a lump sum along with the death benefit.

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

Endowment life insurance products hence provide life protection throughout the term of the policy contract, that is to say in the event of eventuality the defined sum assured / death benefit is payable to the nominee and in case of survival, maturity proceeds are payable as survival benefit.

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

The highlights of the key features and benefits are as follows: ● There are maturity benefits with a sum assured at the end of the term plan ● There are death benefits ● Annual income payments to the family in case of an untimely death ● Maturity amount is free from tax under section 10D, and Premium payable is applicable for rebate under section 80C ● The Policy garners profits from LIC in the way of bonuses

The premium payable amount of the Jeevan Sangam Plan depends upon the age of the policyholder, the maturity sum assured amount selected and needs which change from time to time The plan is also providing a death benefit that would be ten times of the tabular single premium along with some loyalty addition.

Death benefit: If the insured dies within the coverage period, then the sum assured may be payable to their own family or nominee.

Death benefit: If the policy holder dies untimely, then the sum payable will be the total of the sum assured at death and all bonuses added tDeath benefit: If the policy holder dies untimely, then the sum payable will be the total of the sum assured at death and all bonuses added tdeath and all bonuses added to it.

The plan offers guaranteed 115 % of the sum assured as maturity / death benefit which is payable under the policy benefits.

In the event of demise of Mr. Raman during the 8th policy year, a lump sum amount of Rs 5 Lacs plus Accrued Guaranteed Loyalty Additions is payable as the death benefit to the nominee.

On unfortunate demise of the life insured before the vesting date, the death benefit payable to the nominee is higher of the Fund Value as on the date of intimation of death or the Guaranteed Death Benefit.Guaranteed Death Benefit is 105 % of the sum of all premiums and top - up premiums paid till the date of ddeath benefit payable to the nominee is higher of the Fund Value as on the date of intimation of death or the Guaranteed Death Benefit.Guaranteed Death Benefit is 105 % of the sum of all premiums and top - up premiums paid till the date ofbenefit payable to the nominee is higher of the Fund Value as on the date of intimation of death or the Guaranteed Death Benefit.Guaranteed Death Benefit is 105 % of the sum of all premiums and top - up premiums paid till the date of ddeath or the Guaranteed Death Benefit.Guaranteed Death Benefit is 105 % of the sum of all premiums and top - up premiums paid till the date of dDeath Benefit.Guaranteed Death Benefit is 105 % of the sum of all premiums and top - up premiums paid till the date ofBenefit.Guaranteed Death Benefit is 105 % of the sum of all premiums and top - up premiums paid till the date of dDeath Benefit is 105 % of the sum of all premiums and top - up premiums paid till the date ofBenefit is 105 % of the sum of all premiums and top - up premiums paid till the date of deathdeath.

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.

Death Benefit Option 3: Lump sum plus Regular Income: A proportion of death benefit is payable as a lump sum on death & the remaining amount as a regular inDeath Benefit Option 3: Lump sum plus Regular Income: A proportion of death benefit is payable as a lump sum on death & the remaining amount as a regular Benefit Option 3: Lump sum plus Regular Income: A proportion of death benefit is payable as a lump sum on death & the remaining amount as a regular indeath benefit is payable as a lump sum on death & the remaining amount as a regular benefit is payable as a lump sum on death & the remaining amount as a regular indeath & the remaining amount as a regular income.

Reduced paid - up death benefit = Base sum assured * 70 % * (Number of premiums paid / number of premiums payable).

In case demise of the life insured during the policy term, the death benefit is payable to the nominee as a lump sum amount.

The death benefit payable to the nominee the event of death during the policy period is Death sum assured which is highedeath benefit payable to the nominee the event of death during the policy period is Death sum assured which is highedeath during the policy period is Death sum assured which is higheDeath sum assured which is higher of:

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.

Scenario B - Death Benefit: In the event of his death during the 16th policy year, the Death Benefit payable is higher of the sum assured or single premium fund value Plus higher of top - up premium sum assured or top - up premium fund value, ifDeath Benefit: In the event of his death during the 16th policy year, the Death Benefit payable is higher of the sum assured or single premium fund value Plus higher of top - up premium sum assured or top - up premium fund value, ifdeath during the 16th policy year, the Death Benefit payable is higher of the sum assured or single premium fund value Plus higher of top - up premium sum assured or top - up premium fund value, ifDeath Benefit payable is higher of the sum assured or single premium fund value Plus higher of top - up premium sum assured or top - up premium fund value, if any.

In the event of death of the life insured during the policy term, the Death Benefit payable is higher of the sum assured, fund value, or 105 % of the total premiums death of the life insured during the policy term, the Death Benefit payable is higher of the sum assured, fund value, or 105 % of the total premiums Death Benefit payable is higher of the sum assured, fund value, or 105 % of the total premiums paid.