Survival Benefit definition

Survival Benefit means a policy benefit which is to be provided in the event of the life of a person or an unborn continuing or having continued for a period;
Survival Benefit means the benefit payable during the Policy Term, as specified in Part C, subject to survival of the Life Assured as on due date of such benefit.
Survival Benefit means the benefit payable on survival of the Life Assured till expiry of Premium Paying Term and shall be paid as per section 4 (b) below.

Examples of Survival Benefit in a sentence

  • Survival Benefit: We will pay the annuity installment as long as the annuitant is alive.

  • Survival Benefit means the amount, if any, payable in accordance with Part C.

  • The board shall serve notice in writing of the time, place, and cause of any hearing upon all parties at least 20 days prior to the date of the hearing.

  • Survival Benefit with Kidney Transplants from HLA-Incompatible Live Donors.

  • If the Life Assured is alive and this Policy is a Reduced Paid-up Policy on the Survival Benefit Payment Dates, the Survival Benefit payable will reduce in proportion to the number of Instalment Premiums received to the total number of Instalment Premiums payable for the Premium Paying Term.


More Definitions of Survival Benefit

Survival Benefit refers to an amount, payable on survival of Life Insured till the end of the Policy Term during the Benefit Payout Period.
Survival Benefit means the amount payable according to life-insurance policy conditions, during the currency of a policy, on survival of the life assured to the specified date as stipulated in the policy;
Survival Benefit means a policy which is to be provided in the event
Survival Benefit means the amount payable under this Policy in accordance with clause 2.2.
Survival Benefit means the benefit (including Income Benefit, Loyalty Income Booster, Money Back Benefit) payable as per the terms and conditions of this Policy as per the Survival Benefit option chosen You, until death of the Life Insured or end of the Policy Term, whichever is earlier. One of the following Survival Benefit options may be chosen by You:
Survival Benefit means the benefit (including Cash Bonus, if declared and Guaranteed Income) payable as per the terms and conditions of this Policy as per the Survival Benefit Variant chosen by You, until death of the Life Insured or end of the Policy Term, whichever is earlier. One of the following Survival Benefit variant may be chosen by You:
Survival Benefit means the benefit as payable to the Policyholder at the end of the Premium Paying Term, in amount and subject to the conditions as mentioned in Section 7c) below.