Sentences with phrase «while policy is»

Mortgage Life Insurance A type of term life insurance In the event that the borrower dies while the policy is in force, the debt is automatically paid by insurance proceeds.

It goes on to say that they will pay the Face Amount (the death benefit) if I die while the policy is in force.

For a fixed - amount whole life insurance policy, the amount of the death benefit payable if the insured person dies while the policy is in force.

That's why term life policies are so popular... they offer unmatched flexibility being that there are no setup or cancellation fees, only the ongoing premium while the policy is active or, in force.

Death Benefit — In the unfortunate event of death, while the Policy is in force & before the maturity date, the nominee will get the following death benefit.

The policy will lapse if loans become equal to the cash value while the policy is in force and additional cash payments are not made.

3) Death Benefit: In case of unfortunate demise of Life Insured while the Policy is In - Force, the Death Benefit payable to the nominee will be highest of a) Fund Value b) Sum Assured (minus withdrawals if any) c) 105 % of premiums paid

In the event of death of the life assured while the policy is in - force, the following Death Benefit is payable.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is the higher of Sum Assured, including Top - up Sum Assured, Fund Value including the Top - up Fund Value, or Minimum Death Benefit.

In the event of death of the life assured while the policy is in - force, the nominee will receive the Sum Assured and Fund Value.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum Assured under Base Plan and top - up plus, fund value under Base Plan and top - up is payable.

In the event of death of the life assured while the policy is in - force, the Death Benefit equal to the higher of Sum Assured, including Top - up Sum Assured, Fund Value including the Top - up Fund Value, or Minimum Death Benefit is payable to the nominee / legal heir.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is Sum Assured or Fund Value whichever is higher, plus higher of Top - up Sum Assured or the Top - up Fund Value.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is as follows: Lump Sum Benefit: A lump sum amount is paid at the time of claim to take care of any immediate financial requirements of the family.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Base Sum Assured less partial withdrawals #, 105 % of the total premiums paid, or Base Fund Value.

Scenario B: Akhilesh dies within the Policy Term In case of demise of Akhilesh while the policy is in force, the nominee will receive the higher of the Guaranteed Death Benefit or Fund Value as on date of intimation of death.

Any claims arising from events prior to the retroactive date will not be covered, even if made while the policy is in force.

A claims made policy will respond only for claims made while the policy is in force.

In case of unfortunate death of the life assured while the policy is in - force, the Death Benefit payable is higher of Base Sum Assured less partial withdrawals #, 105 % of the total premiums paid, or Base Fund Value.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum Assured, Fund Value or Minimum Death Benefit.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum assured (less partial withdrawals, made 12 months prior to death), Policy Fund Value or 105 % of all premiums paid.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is as follows: For one Pay policies, it is higher of Sum Assured including Top - up Sum Assured, Fund Value including Top - up Fund Value, or Minimum Death Benefit.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum Assured (less Partial Withdrawals #), Fund Value, or 105 % of the total premiums paid till the date of death.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is Basic Fund Value (till the date of intimation of death) or Basic Sum Assured.

The insurance policy's death benefit is the amount of money the company pays your beneficiary if you die while your policy is «In Force».

Flexibility of withdrawing your savings anytime during the Flexi benefit period by modifying your Policy Term while the Policy is in force.

The policy is paid out, no matter how the policyholder dies, if that happens while the policy is still in effect.

In the event of death of the life assured while the policy is in - force, the nominee will receive the higher of Sum Assured, Fund Value or 105 % of all the premiums paid.

Payments for a term policy guarantee a specific benefit sum in the event of your death while the policy is still active.

With it, in return for a regular premium payment, a named beneficiary (or beneficiaries) will receive a stated amount of death benefit, provided that the insured passes away while the policy is in force.

The insurance of an individual's life through a policy that pays a certain amount of money if that person dies while the policy is in effect.

For example, if you caused an accident resulting in injuries, your auto insurer would pay for medical care under the liability portion of your policy.Life insurers, as the name implies, pay a specified, pre-agreed upon amount (called the death benefit or face amount) if you die while the policy is in force.

While the policy is active, you'll be covered, but after it expires, you're left with no protection and no payout will be given if you then die.

At any point while the policy is active, you may elect to forgo the death benefit and instead take the cash value.

Term life insurance provides a payout (a death benefit) to your beneficiaries if you pass away while your policy is in effect.

The contingency that triggers payment under a life insurance policy is the death of the insured while the policy is in force, and the cause of death must not be one that is excluded by the policy.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is Basic Fund Value (till the date of intimation of death) plus Basic Sum Assured.

(Note: In the event of death of the Life Insured while the policy is in force, during the policy term, subsequent to the Critical Illness claim, the Reduced Base Sum Assured (i.e. Base Sum Assured less Critical Illness Sum Assured) is payable and the policy gets terminated)

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Basic Fund Value (till the date of intimation of death) or Basic Sum Assured.

A life insurance policy pays a sum of money to a named beneficiary if the insured dies while the policy is in force.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum Assured (less Partial Withdrawals #), Fund Value, or 105 % of the total premiums paid (less Partial Withdrawals #) till the date of death.

Then, if you pass away during the «Term» of your policy, while the policy is «In Force», your loved ones receive the face value (death benefit) of your insurance policy.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum Assured or Fund Value or 105 % of all the premiums paid.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Basic Fund Value (till the date of intimation of death) or Basic Sum Assured Plus Top - up Fund Value (till the date of intimation of death) or Top - up Sum Assured.

Senior Tribute 1 offers instant full death benefits, life policy with death benefits paid to the specified beneficiary if the death happened while the policy is present.

Life insurance rates are based on many factors, but the primary driver for the premiums is based on the probability that the insured will die while the policy is in force.

If you die while your policy is in force, your beneficiaries receive your death benefit payment.

Like other forms of life insurance, variable life policies are designed to provide your beneficiaries (family, friends or even an organization) with a death benefit if you die while your policy is still in effect.

With a term life insurance plan, your beneficiaries will receive a death benefit payment if you die while your policy is in force.

Allowances for misstatement of age are given, and may be corrected without penalty at any time while a policy is in effect.