Sentences with phrase «to be payable to the nominee»

On death, higher of sum assured or fund value subject to a minimum of 105 % of total premium paid till date of death is payable to the nominee.

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

Additionally, the higher of top - up sum assured, 105 % of the top - up premiums paid or the top - up premiums fund value is payable to the nominee.

Life insurance benefit: The sum assured is payable to the nominee in case of the policy holder's death before the completion of the policy term.

Also, an additional sum assured is payable to the nominee in case of an accidental death.

In the event of demise of the life insured during the policy term, the sum assured equal to 10 times of single premium is payable to the nominee.

On life insured's demise, higher of the basic sum assured or the fund value or 105 % of the total premiums paid is payable to the nominee.

It is an insurance plan which provides life coverage for a particular time period and the death benefit is payable to the nominee if the insured person expires within the term of the plan.

In the event of death of the life insured during the policy tenure, sum assured on death plus accrued guaranteed additions are payable to the nominee.

The death benefit would be payable to the nominee which has been specified in the policy.

The annuity payments will stop immediately on the death of the spouse and purchase price is payable to the nominee.

In case of death of the policyholder during the guaranteed payout period, annuity is payable to the nominee.

The insurance cover amount is payable to the nominee in case of death of the insured person during the term of the policy.

In case of an unfortunate event, life assured passes away during the policy term - immediate payment is payable to the nominee by the insurance company.

The coverage figure linked with the plan is payable to the nominee.

In the event of death of the life assured during this period, the available fund value is payable to the nominee and the policy gets terminated.

On death of the policyholder, an amount which will be higher of the fund value as on the date of death or the Guaranteed Death Benefit is payable to the nominee.

In case of death of the life insured, the sum assured is payable to the nominee and the policy will then be terminated.

On demise, higher of the basic sum assured or the fund value subject to a minimum of 105 % of the total premiums paid is payable to the nominee.

Term plans promise the insured a lump sum benefit which will be payable to his nominee if the insured dies any time during the term opted by him.

Under annuity option F, the purchase price is payable to the nominee and the policy will terminate.

This scheme offers group participants time period based insurance benefits which might be payable to nominees in case the insured man or woman passes away.

Scenario B: Raman dies during the Term of the Policy In the event of demise of Mr. Raman during the policy term, Rs 5,00,000 plus accrued Reversionary bonuses and Terminal bonus is payable to the nominee Benefit Illustration: Note: The assumed non-guaranteed rates of return as shown in the above illustration are @ 4 % per annum & 8 % per annum.

If the policyholder of this LIC pension plan dies during the first 5 plan years, the chosen Sum Assured with the accumulated Guaranteed Additions till death are 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

In case of an unfortunate demise of the life Insured during the policy term, Sum Assured on death is payable to the nominee along with a vested Compound Reversionary Bonus and Terminal Bonus (if any) provided the policy is in force.

In case of the unfortunate death of the Life Insured, a percentage of Monthly Income is payable to the nominee from the next policy month onwards and continues for the next 8, 10 or 15 years depending on the Policy Term option chosen at inception of the policy.

On death, an Assured Death Benefit equal to 101 % of all premiums paid including bonuses is payable to the nominee subject to a minimum of 105 % of all premiums paid till death.

In the event of the untimely death of the life insured during the policy term, the total death sum assured is payable to the nominee as per the variants opted and payout option opted.

If the death occurs after the completion of 5 policy years but before the completion of policy tenure or before the maturity date of the policy then the sum assured amount along with the loyalty addition is payable to the nominee of the policy.

If the death of the life insured occurs due to an accident (as prescribed in the policy contract), additional 100 % of the sum insured is payable to the nominee along with the basic death benefit payout.

Lump sum benefit and monthly income for 10 years is payable to nominee if the insured dies during the term period

In case of unfortunate death of the Life Insured, the Sum Assured on Death which is explained below is payable to the Nominee:

In case of the unfortunate death of the Life Insured, a percentage of Monthly Income is payable to the nominee from the next policy month onwards and continues for the next 8, 10 or 15 years depending on the Policy Term option chosen at inception of the policy.

In the event of death of the life insured during the term of the policy, the sum assured chosen is payable to the nominee, provided all due premiums have been paid in full.

In case the insured member commits suicide whether sane or insane, within 12 months from the policy inception date or from the date of inception of the member under the group insurance scheme, whichever is later, then higher of 80 % of the premiums paid or surrender value in respect of concerned insured member is payable to the nominee / beneficiary.

On death, higher of the minimum guaranteed SA plus vested bonus including terminal bonus or 105 % of all premiums paid till date is payable to the nominees.

Under this option Lumpsum Benefit on death or diagnosis of Terminal Illness is payable to the nominee.

When death happens, a benefit higher of the chosen Sum Assured payable on maturity or 10 times the premium or 105 % of total premiums paid is payable to the nominee including the vested reversionary bonuses and any Terminal Bonus

b. Death Benefit (other than death due to Accident)-- After Waiting period of 90 days: In case of unfortunate event of death (other than due to Accident) of the Life Insured during the policy term after the expiry of Waiting period of 90 days, the Sum Assured on Death will be payable to the nominee where the Sum Assured on Death is highest of:

In the case of Life Annuity with Return of Purchase Price option, the purchase price (single premium paid at commencement) shall be payable to the nominees besides the annuity installments already paid

In case of death of the insured during the plan tenure, a death benefit which is higher of the minimum Sum Assured or 10 or 7 times the annual premium paid depending on the age of the policyholder is payable to the nominee subject to a minimum of 105 % of all premiums paid till the date of death

In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee After completing five policy years, if it is surrendered, then there is no Surrender / Discontinuance Charges and the Fund Value is paid to the policyholder and the policy will terminate immediately.

Reliance Family Income Benefit Rider — under this rider, if the insured dies or suffers total and permanent disability due to an accident, a monthly payout of 1 % of Sum Assured will be payable to the nominee until the end of the rider term or till 10 years whichever is later.

In case of death of the insured during the plan tenure, a benefit higher of 105 % of all premiums paid including any top - up premiums paid or aggregate premiums paid including any top - up premiums compounded @ 1 % or the available balance in the Individual Pension Account is payable to the nominee

Scenario B - Death Benefit: In the event of death of Mr. Raman during the 5th policy year, Rs 50 Lacs is payable to the nominee.

The death benefit is payable if the policyholder dies an unfortunate death during the policy term, the death benefit is payable to the nominee provided the policy is premium paying.Death sum assured is higher of:

In case of death of a policy holder during the policy term, future premiums are waived off and guaranteed annual payouts are payable to the nominee

In the event of the demise of Rohit during the policy term, Sum Assured on Death equal to Rs 5 Lacs or above is payable to the nominee.

If the policy is in discontinuance state, the discontinued fund value subject to a minimum guaranteed interest as stipulated by IRDAI is payable to the nominee / beneficiary.