Common use of Death of the Life Assured Clause in Contracts

Death of the Life Assured. In the event of the death of the Life Assured before the maturity date shown in the (T.B. and C.) and while the Contract is still in force, any amount due under the following covers, if selected, will be credited to the regular Investment Account in order to be paid later on the due dates to the beneficiary as per the respective terms and conditions of this Contract: 10.1.1 Cover A- Minimum lump sum benefit (mandatory) This benefit provides the payment of a minimum lump sum amount in case of death of the Life Assured prior to the maturity date of the Contract.

Death of the Life Assured. In the event of the death of the Life Assured life assured before the maturity date shown in the (T.B. and C.) and while the Contract is still in force, any amount due under the following covers, if selected, will be credited to the regular Investment Account investment account in order to be paid later on the due dates to the beneficiary as per the respective terms and conditions of this Contract: 10.1.1 Cover A- Minimum lump sum benefit (mandatory) This benefit provides the payment of a minimum lump sum amount in case of death of the Life Assured prior to the maturity date of the Contract.benefit: