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.
Moreover, it also provides the benefits of waiver of premium rider under which all the future premiums are waived off in case of
uncertain demise of the insured person.
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.
Death Benefit - In case of
uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus if any.
Not exact matches
With the
demise of the NSF this spring, high - energy nuclear physicists in Europe face an
uncertain future.
With the
demise of the airline, the route remains unmanned and the future
of Eilat's economy
uncertain.
There are a number
of uncertain events that may lead to trip cancellation, for example, a medical exigency, sudden
demise of a family member, or losing a job.
1) Ensure financial security Life is
uncertain and you do not want to risk the financial security
of your family in case
of your premature
demise.
While Blockbuster, Borders, and other mega companies once scoffed at those who foretold
of their
demise, Facebook is facing its
uncertain future head on.