Death Benefit definition

Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

Death Benefit means the benefit set forth in Article 9.

Death Benefit means the benefit which becomes payable on the Life Assured’s death in accordance with Part C of this Policy.

Examples of Death Benefit in a sentence

• The Company agrees to continue to administer the Death Benefit Plan, but without Company participation.

• The Contractor shall provide an insurance coverage (Medical + Death Benefit) for sum of Rs. 01/-Lakh to all his workmen/labour deployed at GIPCL-SLPP site for the accident taking place anywhere outside the Company premises or at any place when the xxxxxxx is not in course of his employment.

• For Passengers under the age of 16 years when the Period of Insurance commenced, the Accidental Death Benefit is limited to two thousand five hundred pounds (£2,500) and all other Benefits are reduced by 50%.

• The benefits under the Plan include: Benefit Name Economy Premium Business Additional Economy Conditions Accidental Death Benefit ₹ 5,00,000 ₹ 7,50,000 ₹ 10,00,000 Permanent Total Disability Permanent Partial Disability Accidental Medical Expenses Reimbursement ₹ 1,00,000 ₹ 1,50,000 ₹ 2,00,000 Minimum Hospitalization of 24 Hours is required.

• Members of the Plan will, on the death of a Plan member, have deducted from their pay an amount in accordance with the Death Benefit bylaws.

More Definitions of Death Benefit

Death Benefit means the amount payable to the claimant on death of the Life Assured during the Policy term, as agreed at inception of the Policy contract, provided the Policy has not lapsed or terminated

Death Benefit means the insurance amount payable under the Certificate at death of the Insured. It does not include any amount that is only payable in the event of Accidental Death.

Death Benefit means the benefit, which is payable on death, as specified in Condition 1.A of Part C of this Policy Document.

Death Benefit means the benefit payable on the death of the Life Assured. Please refer to Section 4) below for more details.

Death Benefit shown in the Schedule is initially set equal to the Account Value as of the Business Day we receive proof of death. The entire interest in this Contract must be distributed to the new Beneficiary in accordance with the provisions of 3.a. or 3.b. above. If there is more than one Beneficiary, the foregoing provisions will independently apply to each Beneficiary.

Death Benefit means the benefit described in Article 3.

Death Benefit means an amount which will be highest of the following: