Sentences with phrase «unfortunate event of the death of the policy holder»

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.

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

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.

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.