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Risk Benefit
Mortgage Endowment Life Risk1.00
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Description
Mortgage Endowment Life Risk:
The death benefit is equal to the greater of the Sum Assured and the bid value of the associated investment benefit. The Net Amount at Risk is calculated monthly and risk premiums/ cost of insurance charges are calculated on this basis.
Components
Fields
| Risk Type | Mortgage Endowment Life Risk |
| Version | 1.00 |
| Payment Mode | Lump Sum |
| Calculation of Benefit | Sum Assured |
| Benefit Variation | None |
| Benefit in Claim Variation | None |
| Term of Risk | Term of Attached Element |
| Term Years | 0 |
| Single Life | True |
| Joint-Life First Death | True |
| Joint-Life Second Death | True |
| Other Multiple Life | [None] |
| Category of Risk | Life |
| Relationship to other elements | [None] |
| Claim Rules Type | [None] |
| Underwriting Type | [None] |
| Risk Charging Type | [None] |
See Also
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