Sentences with phrase «to die during the term»

Most life insurance applications include a medical exam to help the carrier assess your risk of dying during the term of the policy.

The policy will only pay out if the life insured dies during the term of the policy.

If you don't die during the term of coverage, the insurer will return a percentage or the entire amount of premiums paid.

If the insured dies during the term period, the death benefit will be paid to the beneficiary according to the terms of the contract.

Term life insurance policies pay the beneficiary the face amount of the life insurance policy if the insured person dies during the term of the policy.

This will cost more money than regular term, but few people ever die during the term of the policy.

If you buy a life assurance policy you make small regular payments to your life office and, should you unfortunately die during the term, they send you a big cheque.

Therefore, there is a much higher chance that you will definitely die during the term of whole life insurance.

Term insurance is extremely profitable because so few die during the term of the policy.

If the plan buyer dies during the term of the plan, then the rider sum assured is paid to the nominee.

However, unless the insured dies during the term purchased no benefits will ever be paid out.

Customers pay a monthly premium that guarantees cash payment to their beneficiaries if the policyholder dies during the term of the policy.

If you don't die during the term of coverage, the insurer will return a percentage or the entire amount of premiums paid.

Step 3 — if the life insured dies during the term of the plan, the death benefit is paid to the nominee in lump sum.

The death benefit of a term life insurance policy is only paid if the insured person dies during the term of the policy.

This works as a term insurance plan, where a lump sum assured against life cover is paid to the family members, if the policyholder dies during the term of the plan.

Scenario B: Raman dies during the Term of the Policy In the event of demise of Mr. Raman during the 4th policy term, Rs 5,68,050 is payable to the nominee.

Term Insurance is a type of life insurance only, a byproduct that implies financial coverage provided to the policy holder for a particular time period; if the insured dies during the term then death benefits are paid to the beneficiary but it ceases if one outlives the set term of the policy.

Scenario B: Rajesh dies during the Term of the Policy

Scenario B: Mukesh dies during the Term of the Policy In the event of the demise of Mukesh during the policy term, Entire Sum Assured plus accrued Guaranteed Additions are payable to the nominee.

This means cash benefits are given to beneficiaries only if the insured individual dies during the term of the policy.

Scenario B: Rohit dies during the Term of the Policy In the event of the demise of Rohit during the policy term, sum assured on death i.e., Rs 1,00,000 is payable to the nominee.

This strategy was aided, in highly personal terms, by the outgoing Democratic Governor, Barbara Roberts (whose husband died during her term of office) and by the widow of former Republican Governor Tom McCall (a totemic figure for many Oregonians).

Option 1 — if Ram dies during the term of the plan, 15 % of the Sum Assured is paid in lump sum to the nominee.

If the second life also dies during the term, an additional Sum Assured is again paid.

If Akash dies during the term of the policy, his nominee will receive the death sum assured, which is 125 % of the basic sum assured (i.e. 125 % of Rs. 3,00,000) as well as the accrued bonus.

When the person assured dies during the Term of the policy i.e. before the date of maturity, proceeds under the policy as a claim, is payable to the beneficiary which is called a Death claim.

If Bihan dies during the term, death benefit is paid.

Option 1 — If Ranu dies during the term, higher of the Fund Value or Sum Assured subject to a minimum of 105 % of premiums paid till death is paid to the nominee.

Unlike other investment schemes, life insurance plans provide Death Benefit i.e. the company pays for the maintenance of the child in case the investor dies during the Term of the plan.

After completing 5 years of the policy if the policy owner dies during the term of this policy, the company is liable to pay all the sum assured and additional loyalty to the nominee.

Scenario B: Siddhartha dies during the Term of the Policy In the event of demise of Gautam during the policy year, his son (nominee) will receive the sum assured on Death of Rs 11,22,538.

Scenario II: Rohtash dies during the Term of the Policy On the unfortunate demise of the life insured, the sum of total premiums paid (compounded monthly at 1 % p.a interest), accrued guaranteed additions and accrued bonuses are payable.

Scenario B: Guatam dies during the Term of the Policy In the event of demise of Gautam during the 5th policy year, his son (nominee) will receive a Guaranteed Maturity Benefit of Rs 3,00,000.

Scenario B: Aditya dies during the Term of the Policy In the event of the demise of Aditya during the policy term, his nominee will receive the sum of all premiums plus accrued bonuses.

Scenario B: Kiran dies during the Term of the Policy In the event of the demise of Kiran at the end of 8th policy year, her nominee will receive the following benefits.

Scenario B: Mohan dies during the Term of the Policy In the event of the demise of Mohan at the age of 80 years, his nominee will receive the Purchase Price of Rs 5 Lacs as lump sum death benefit.

Scenario B: Chirag dies during the Term of the Policy In the event of death of Chirag at 40 years of age, the death benefit payable is Rs 5,25,000 as a lump sum to the family.

Scenario B: Raheja dies during the Term of the Policy In the event of the demise of Raheja during the policy term, his spouse will receive the annuity payment till her survival.

Scenario B: Rohan dies during the Term of the Policy In the event of Rohan's death during the 5th policy year, the death benefit payable is Rs 4,28,744.

Scenario B: Mr. Gupta dies during the Term of the Policy In the event of unfortunate demise of Mr. Gupta in the 3rd policy year after payment of 3 years» premiums, his family will receive a lump sum amount of Rs 1,014,000, Guaranteed Sum Assured on maturity equal to Rs 2,00,000 along with accrued Annual bonuses and Final bonus, is payable on maturity.

Scenario B: Rajeev dies during the Term of the Policy In the event of the demise of Rajeev during the policy term, the Death Benefit payable is the sum of Sum Assured on Death, vested Simple Reversionary Bonuses and Final Additional bonus is payable.

Scenario B: Sahil dies during the Term of the Policy In the event of demise of Sahil during the policy term, the Sum Assured on Death is payable to the nominee.

Scenario B: Sameer dies during the Term of the Policy In the event of Sameer's death during the 5th policy year, a lump sum of Rs 10,00,00 is payable as Sum Assured on Death.

Scenario B: Karan dies during the Term of the Policy In the event of death of Karan after paying 2 annual premiums, the death benefit payable is higher of Sum Assured on Death or 105 % of all premiums paid.

Scenario B: Prakash dies during the Term of the Policy In the event of death of the life insured during the term of the policy, the death benefit payable is Sum Assured on Death plus Assured Payouts on the scheduled dates plus bonuses accrued till policy maturity date and terminal bonus.

Scenario B: Ajay dies during the Term of the Policy In the event of death of Mr. Ajay during the term of the policy, the death sum assured is payable immediately.