Sentences with phrase «till the date of death for»

The death benefit payable will be the amount higher of the Sum Assured or 10 times the annual premium or 105 % of total premiums paid till the date of death for regular premium payment option and higher of Sum Assured or 125 % of the Single Premium paid under the Single Premium payment option.

Not exact matches

The Sum Assured on death is higher of 10 times the annual premium or 105 % of all premiums paid till death or the SA as on the date of death for regular pay plans.

For age at entry less than 45 years, higher of (i) 10 times Annualised Premium *, (ii) 105 % of total premiums paid till date of death or (iii) Sum Assured

The death SA can be taken either in lump sum or 100 % of the base SA is payable on death and GMM * Base SApayable on the maturity date and 2 % of the base SA to be paid in monthly instalments from death till maturity date for a minimum of 36 months

In case of your death during the policy term, the increased monthly amount corresponding to the policy year of death will start getting paid to your nominee and this amount will still continue to increase every year for the period till you would have attained 60 years of age or for 120 months from date of death, whichever is higher.

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

In case of death during the policy term, Jeevan's nominee will receive a fixed amount every month, similar to Jeevan's monthly Income, for a period till Jeevan would have attained 60 years of age or for 120 months from the date of death, whichever period is higher.

o Monthly Income Benefit: In case of death of the life insured during the policy term, the nominee is entitled to receive the monthly income that starts from the date of death till the end of the policy term, subject to a guaranteed payout for a minimum period of 36 months.

For age at entry greater than 45 years, the death benefit is higher of 7 times annualised premiums or 105 % of total premium or paid till date of death or 200 %, 250 % or 300 % of sum assured depending on the PPT chosen.

For Life Insured with entry age below 5 years: For minor lives, where the entry age is below 5 years, in case of death during the 1 year and 11 months from the date of commencement of the policy, 105 % of total premiums paid till date of death.

For life insured with the entry age of 5 years and above, the death sum assured, irrespective of survival benefit already paid, is either equal to or higher than of 10 times of annualized premium, or 105 % of premiums paid till date of death, or minimum guaranteed sum assured on maturity or absolute amount assured to be paid on death.

For age at entry less than 45 years, the death benefit is higher of 10 times annualised premium or 105 % of total premium or paid till date of death or 200 %, 250 % or 300 % of sum assured depending on the PPT chosen.

For minor lives, when the entry age is below 5 years, in the event of death during the first 1 year and 11 months of the policy, 105 % of total premiums paid till the date of death is payable.

So, if an insurance policy states a death benefit will be higher of 10 times the annual premium or 105 % of the total premiums paid till date or the sum assured, that will be first calculated to arrive at the sum assured on death and then the formula for paid - up sum assured will apply on this base sum assured.

Death benefit amount: Sum assured is higher of: 10 times of annualized premium for age at entry less than 45 years or 7 times annualised premium for age at entry 45 years and above or 105 % of total premium * paid till date of death or 1.25 times or 2 times of Sum AssDeath benefit amount: Sum assured is higher of: 10 times of annualized premium for age at entry less than 45 years or 7 times annualised premium for age at entry 45 years and above or 105 % of total premium * paid till date of death or 1.25 times or 2 times of Sum Assdeath or 1.25 times or 2 times of Sum Assured.

The income payout starts from the 1st day of month immediately following death of insured and continues for the outstanding policy term, i.e. till the original maturity date of the policy.