Sentences with phrase «unfortunate death of the policyholder during»

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 demise.

In case of unfortunate death of the policyholder during the policy term sum assured will be payable to the nominee.

Not exact matches

In case of the unfortunate event of death of policyholder during the income benefit period, the remaining payouts will be made to the nominee.

• Death Benefit, here a sum of money equalling the amount assured will get paid to the nominee of the policyholder if the policyholder happens to experience an unfortunate sudden demise during the active period of the policy

If an unfortunate event of death occurs to the policyholder during the policy term the nominee receives a sum assured also known as death benefit.

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 the Master Policy is issued under Lender - Borrower category to any of the «Regulated Entities», the Member shall have an option to issue an authorization in favour of insurer to the effect that in the unfortunate event of the Member's death during the Coverage Term, the claim amount, if any payable under the Master Policy shall first be utilized for payment to Master Policyholder for the outstanding loan amount as specified in Master Policyholder's Credit Account Statement and the balance amount, if any, payable under the Master Policy will be payable to the Member's Nominees / legal heirs or legal representatives (as applicable).