Sentences with phrase «survives till the end of the policy tenure»

The Sum Assured + accrued Bonus is paid if anyone or both the husband and the wife survives till the end of the policy tenure.

3) Maturity Benefit: If the pensioner survives till the end of the policy tenure, they would get the purchase price of the pension plan along with last installment of the pension amount.

Not exact matches

At the end of the term, if the policyholder survives, he gets a regular monthly income till the end of the policy tenure, as specified in the policy (note: in case of MIPs policy tenure is longer than premium payment term).

For example, in the case of demise of one of the spouses, some plans offer regular income to the surviving partner for the fixed period till the policy tenure comes to an end.

The policy continues to survive till the end of the tenure, with the waiver of future premiums.