Sentences with phrase «time of death of the policyholder»

Also, the exact day and time of death of a policyholder proximate to policy signing can affect the standing of a policy.

Answer: This policy gives us the option to receive a return of purchase price at the time of the death of the policyholder.

Income Plus Option: The nominee shall receive 100 % of sum assured at the time of death of the policyholder and 0.5 % of sum assured in arrears will be paid as monthly income over the next 10 years.

Life Annuity with Return of Purchase Price: The life annuity shall be paid at a constant rate throughout the lifetime and at the time of death of the policyholder, the purchase price shall be returned to the nominee

The policyholder enjoys the Guaranteed Death Benefit which is payable to the person nominated at the time of the death of the policyholder.

Death benefits: At the time of death of the policyholder during the policy term, the nominee shall be paid the death benefit under the following three options:

Pure Protection Option: This ensures that the nominee receives sum assured at the time of death of the policyholder, if he dies during the policy term

The nominee will get the Sum Assured (not just premium paid) at the time of the death of policyholder.

Tax benefits are on the payout received at the time of maturity and the life cover amount received at the time of the death of policyholder.

There is a guaranteed amount of money which is paid at the time of claim in endowment policies, whether it is policy maturity or at the time of death of the policyholder during the policy term.

The amount which is received at the time of death of the policyholder during the policy term is known as guaranteed death benefit while the lump sum amount received at the time of maturity is known as a guaranteed maturity benefit.

A waiver of premium rider allows the policy to continue even after the death of the policyholder without paying any premium till the maturity date and the child receive both the death benefit (at the time of death of the policyholder) and the maturity benefit (at the time of maturity of the policy).

It is a traditional insurance plan that pays a lump sum of money at the time of the death of the policyholder.