Sentences with phrase «unfortunate death of the policy holder»

Life Insurance benefit: This is the sum assured that is paid on the unfortunate death of the policy holder.

Hence, child plans provide the nominee of the policy a death benefit in case of the unfortunate death of the policy holder.

In case of unfortunate death of the policy holder death risk commencement, only premium paid will be paid back.

Upon the unfortunate death of the policy holder, it provides permanent protection to the beneficiary.

Death Benefit: In case of unfortunate death of policy holder, the highest amount of below 3 will be paid to nominee

In case of unfortunate death of policy holder during policy term, this plan proivides 10 % of sum assured every year till maturity and again at competion of policy term maturity amount is also payable.

Suppose if, unfortunate death of policy holder happens in year 2027 (at age 40), then by that time total premium paid will be Rs. 6,52,620 and nominee will get death claim as Rs. 19,20,000 in case of normal death or Rs. 31,20,000 as accidental death claim in case of death due to accident and policy will stop.

Suppose if, unfortunate death of policy holder happens in year 2031 (at age 44), then Rs. 17,50,000 will be death claim amount in case of New Endowment Plan (814) and Rs. 22,06,250 death claim in case of New Jeevan Anand (815) plan.

Amulya Jeevan II, is a pure term insurance policy of LIC, which provides high life cover in case of unfortunate death of policy holder during policy term.

Not exact matches

Life insurance plans are essential as they compensate your dependents or the policy beneficiaries in the unfortunate event of the policy holder's death, provided he has been duly paying his premiums.

Traditional / Endowment Insurance Product: Traditional Endowment Insurance products are designed to provide lump sum money on the maturity of the policy or on unfortunate event of death of policy holder before the maturity.

In case of unfortunate event of death of policy holder, 10 % of sum assured will be paid on every policy anniversary till the policy maturity.

It provides you with a life — cover which means if an unfortunate event of death occurs to the policy holder his / her nominee will receive the sum assured.

While in term assurance policy, benefit ispayable in the event of any eventuality of the policy holder, inpersonal accident policy benefits are payable when the insured isfatally injured on encounters unfortunate death.

Under this plan, financial security will be provided to the family of the policy holder in case of unfortunate death of the insured.

And he / she can claim the benefits after unfortunate event of the death of the policy holder.