Sentences with phrase «where nominee of the policyholder»

Life Cover: This is the most important benefit of life insurance where nominee of the policyholder gets a lump sum amount in case of an unfortunate death of the policyholder.

Not exact matches

The plan offers inbuilt Family Care Benefit where on death of the policyholder and on submission of relevant documents, 1 lakh is paid within 48 hours to the nominee and the balance Sum Assured is settled later

In the case where the nominee is a minor, the policyholder can also appoint an «Appointee» to a person who shall receive the benefits during the minority age of the nominee.

Death Benefit: In a situation where policyholder dies during the term of the plan, the nominee shall be paid the higher of sum assured or fund value or 105 % of all premiums paid till the date of the death