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 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.

• The Death Benefit Plan ($10,000) will continue until the end of the month in which an employee receives his/her last paycheck.

• No. 201331905K) Xxx Xxxxxxx Xxxx, #00-00 Xxxxx Xxxxx, Xxxxxxxxx 000000 T+65 6336 0477 xxx.xxxxx.xxx.xx If the TI Benefit payable is less than the Death Benefit, the Death Benefit will be automatically reduced by the amount paid for the TI.

• If the Life insured has a TI while the policy is in force, We will pay the Death Benefit in one lump sum.

• If the TI Benefit payable is the same as the Death Benefit, the policy ends when We make this payment.

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: