Life Insurance

A B C D E F I K L M N P R S T U V W
D

Date of risk commencement

The date from which the death benefit is activated under the plan as specified in the plan schedule.

Death benefit

The amount which is payable on the life assured's death.

Dependent

A person who relies on you for support.

Discontinuance of plan

Terminating or cancelling or stopping the plan prior to the plan maturity date. Discontinuance of a plan will occur in case of non-payment of the premium due before the expiry of the notice period or if you wish to discontinue the plan.