Sentences with phrase «total death benefit paid»

Thus, the total death benefit paid is Rs. 1.2 crores.

Not exact matches

If the insured dies while receiving total disability benefits, the policy pays the basic monthly benefit to the owner or owner's estate for up to three months after the insured's death.

Another reason to pay back the policy loan is that the total outstanding balance would be deducted from the death benefit your beneficiaries received if you passed away.

With a family income policy, rather than a lump sum of money, the death benefit is paid out in monthly increments as a portion of the total death benefit.

However, the even in this scenario, the total death benefit is paid income tax free.

If you die while receiving total disability benefits, we will pay the policy's basic monthly benefit to the owner or owner's estate for up to three months after your death.

On top of the death benefit amount, this option allows any amount left in the policy fund to accumulate cash value and the total to be paid tax - free to the beneficiary.

The account value will be added to the base death benefit and the total will be paid out on a claim.

Lump sum, where the life insurance company pays the total amount of the benefit in one single payment at the death of the insured

The total guaranteed death benefit is the total face amount guaranteed assuming no dividends were used to purchase paid - up additions, which could actually decrease the death benefit over time.

A note of caution: if you miss a scheduled premium or pay less than the total premium due, you may lose the guaranteed death benefit.

An accelerated death benefit pays out a percentage of your total death benefit.

If you own a typical permanent life insurance policy (lifetime coverage) and did a straight present value calculation of the premiums you can expect to pay during your lifetime, the total will be less than the death benefit.

The total death benefits that must be paid depend on the number of dependents requesting assistance.

Otherwise, you have to either pay a set fee or percentage of the total death benefit to purchase the an accelerated death benefit rider.

Essentially, once the insured passes away, the insurance company will pay out the total death benefit tax free to the beneficiary (s).

Riders Available: Waiver of Premium, Total Disability Waiver, Accelerated Death Benefit, Paid - Up Option

Graded which causes your death benefit to be limited the first two years but you will in return receive the greater sum of the total premium paid with 4.5 % interest of 30 % of the face amount.

Death benefits are typically achieved for pennies on the dollar in terms of total premiums paid per dollar of death benefit recDeath benefits are typically achieved for pennies on the dollar in terms of total premiums paid per dollar of death benefit recdeath benefit received

The death benefit is referred to as the total amount of sum assured together with the bonus (if any) is paid to the beneficiary of the policy in case of any eventuality or uncertain demise of the policyholder.

In any case, the death benefit paid to the nominee should not be lower than 105 % of the total premiums paid till the date of death.

This cash can be used to purchase additional life insurance (paid - up additions) that increases both the total death benefit and cash value of your life insurance policy.

The Guaranteed Death Benefit is defined as higher of 11 times the annual premium or 105 % of the total premiums paid till the date of death or the Guaranteed Maturity Sum Assured chosen at the time of inception of the Death Benefit is defined as higher of 11 times the annual premium or 105 % of the total premiums paid till the date of death or the Guaranteed Maturity Sum Assured chosen at the time of inception of the death or the Guaranteed Maturity Sum Assured chosen at the time of inception of the plan.

In the event of death the death benefit will be higher of Sum Assured payable on maturity or 11 times the premium or the basic Sum Assured or 105 % of total premiums paid till the policyholder died

In case of death of the insured during the tenure of the plan, the Death Benefit is paid which is higher of the Sum Assured or 10 times the annual premium paid or 105 % of total premiums paid till the date of death or the maturity Sum Asdeath of the insured during the tenure of the plan, the Death Benefit is paid which is higher of the Sum Assured or 10 times the annual premium paid or 105 % of total premiums paid till the date of death or the maturity Sum AsDeath Benefit is paid which is higher of the Sum Assured or 10 times the annual premium paid or 105 % of total premiums paid till the date of death or the maturity Sum Asdeath or the maturity Sum Assured

The death benefit can not be lower than 105 % of the total premiums paid till the date of demise.

The death benefit is higher of Sum Assured chosen or 10 times the yearly premium or 105 % of premiums paid till death or the total premium paid till death.

If death happens, the death benefit will be given to the nominee which and it will be higher of the aggregate premiums paid until death compounded @ 6 % annually or 105 % of total premiums paid till death

On death of the policyholder, the nominee gets the death benefit which is higher of the Sum Assured / 10 times Annual Premium / 105 % of total premiums paid

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.

An accelerated death benefit pays out a percentage of your total death benefit.

The inbuilt benefits are applicable in case of death of the insured wherein an additional Sum Assured is paid in case of Accidental Death, total of the Sum Assured and Fund Value is paid in case of being diagnosed with a Critical Illness under the Critical Illness Benefit and 10 % of the Sum Assured is paid following the year of disability to the end of the term or 10 years whichever is lower in case of ATPD bendeath of the insured wherein an additional Sum Assured is paid in case of Accidental Death, total of the Sum Assured and Fund Value is paid in case of being diagnosed with a Critical Illness under the Critical Illness Benefit and 10 % of the Sum Assured is paid following the year of disability to the end of the term or 10 years whichever is lower in case of ATPD benDeath, total of the Sum Assured and Fund Value is paid in case of being diagnosed with a Critical Illness under the Critical Illness Benefit and 10 % of the Sum Assured is paid following the year of disability to the end of the term or 10 years whichever is lower in case of ATPD bBenefit and 10 % of the Sum Assured is paid following the year of disability to the end of the term or 10 years whichever is lower in case of ATPD benefitbenefit.

All future premiums are waived off and paid for by the company under the Additional Savings Benefit, an amount equal to an annual premium is paid every year till the end of the term under the Income Benefit and on Maturity, total Fund Value including the top - up Fund Value which was automatically allocated to the Secure Fund on death is paid

In case of Single Premium Pension Super both in case of death and vesting, assured benefit of 101 % of total premium is paid.

Death benefit payable will be higher of the Sum Assured or 10 times the annual premium or 105 % of total premiums paid till the date of Death benefit payable will be higher of the Sum Assured or 10 times the annual premium or 105 % of total premiums paid till the date of deathdeath

Another reason to pay back the policy loan is that the total outstanding balance would be deducted from the death benefit your beneficiaries received if you passed away.

Death benefit is paid as the total sum assured amount to the nominee of the policy in case of uncertain demise of the insured person of the policy.

Death Benefit - In case of unfortunate death of the policyholder during the tenure of the policy, the beneficiary of the policy receives the death benefit as the sum assured amount, which is 105 % of the total premium paid till deDeath Benefit - In case of unfortunate death of the policyholder during the tenure of the policy, the beneficiary of the policy receives the death benefit as the sum assured amount, which is 105 % of the total premium paid till Benefit - In case of unfortunate death of the policyholder during the tenure of the policy, the beneficiary of the policy receives the death benefit as the sum assured amount, which is 105 % of the total premium paid till dedeath of the policyholder during the tenure of the policy, the beneficiary of the policy receives the death benefit as the sum assured amount, which is 105 % of the total premium paid till dedeath benefit as the sum assured amount, which is 105 % of the total premium paid till benefit as the sum assured amount, which is 105 % of the total premium paid till demise.

If the insured person dies during the tenure of the policy, then the death benefit is paid to the nominee of the policy i.e. the child as the sum assured amount, which is 105 % of the total premium paid till demise.

When you have a whole life policy, you will one day pay total premiums that are equal to what the policy will pay out as a death benefit.

For example, if you have a $ 250,000 policy and you had the accidental death benefit rider that you paid an additional fee for it every single month, an additional premium, your coverage would be $ 500,000 total, if you died resulting in an accident.

At no time the death benefit shall be less than 105 percent of the total premiums (including top - ups) paid.

If a non-accidental death occurs prior to that two - year time frame, the policy will only pay a percentage of the total death benefit.

If a non-accidental death occurs prior to that two - year time frame, the policy will only pay a return of the paid premiums plus a percentage of the total death benefit.

In other words, the 50 - year - old male who purchased his $ 100,000 policy for $ 1248 could double the amount of coverage to $ 200,000 total death benefit for just $ 1351 per year and the full $ 200,000 would pay out in the event that he were to die from an accidental death.

If a non-accidental death occurs prior to that two - year time frame, the policy will only pay a return of the paid premiums plus a small percentage of the total death benefit.

This policy also has long - term care rider, which allows you to accelerate your death benefit and receive up to 2 % of your total face value per month to pay for qualified long - term care expenses such as in - home care, adult daycare, or care in a long - term care facility.

In the event of an accidental death, this insurance will pay benefits in addition to any life insurance but only up to a set amount total regardless of any other insurance held by same insurer, held by the client.

This means that even after the insured has passed away, the total amount of premium that he or she paid into the policy over time — combined with such funds» invested return — will be more than what the insurer will pay out in the form of a death benefit on the policy, resulting in a profit to the insurance company.

With the accidental death benefit, the total death benefit could pay out twice as much.