Rider Sum Assured definition

Rider Sum Assured means the absolute amount assured to be paid on diagnosis of any Critical Illnesses of the Scheme Member during the Rider Term in accordance with the terms and conditions of the Rider document;

Rider Sum Assured means an amount as specified in the Schedule, which is payable on the death or accidental dismemberment of the Life Insured in terms of the provision of the Rider;

Rider Sum Assured means the Sum Assured opted by the Policyholder for this Rider as specified in the Policy Schedule for the Base Policy.

Examples of Rider Sum Assured in a sentence

• On first ever diagnosis of any one of the eligible Critical Illness as mentioned in Appendix A, subject to the other terms of this Rider, the Company shall pay the Rider Sum Assured as mentioned in the Base Policy Schedule or the Rider Endorsement Letter to the Rider to the Eligible Person.

• Summary of Benefits and Premiums including for the Riders opted for: Benefit Description Number of Members Total Sum Assured (INR) Premiums (INR) Base Sum Assured Base Premium Rider Sum Assured Rider Premium Total Premium Service Tax on Total Premium Education Cess Secondary &Higher Education Cess TOTAL Premium including Service Tax The stamp duty of Rs. paid by pay order, no dated Government Notification Revenue and Forest Department No. Mudrank .

• During the Rider Term, if the Life Insured suffers an Accident, which independently of any other causes, results in the Dismemberment of the Life Insured, We will pay the Rider Sum Assured to the Policyholder, subject to the condition that the Base Policy and this Rider are in force.

• The Rider Premium / Charge = Rider Sum Assured * Premium rate as applicable at attained age on or previous policy anniversary.

More Definitions of Rider Sum Assured

Rider Sum Assured means an amount as specified in the Schedule and payable on the occurrence of the Accidental Death or Total and Permanent Disability of an Insured in accordance with Section 3.

Rider Sum Assured means an amount as specified in the Schedule, which is payable as per terms of the Rider;

Rider Sum Assured means the maximum amount of benefit payable in case of death of the Life Insured under this Rider, as specified in the schedule. The Rider Sum Assured shall in no case, exceed the higher of guaranteed death benefit or sum assured under the Base Policy;

Rider Sum Assured means the absolute amount assured to be paid on diagnosis of any Total Permanent Disability as defined hereunder in accordance with the terms and conditions of the Rider Policy.

Rider Sum Assured means an amount as specified in the Schedule, which is payable on the death of the Life Insured;

Rider Sum Assured means the death benefit payable under the base Policy subject to maximum of INR 50,00,000 (Rupees Fifty Lakhs) which is mentioned in the Schedule;

Rider Sum Assured means the sum assured as mentioned in the Schedule.