The phrase
"regular premium" refers to a fixed amount of money that you have to pay at regular intervals, typically on a monthly or yearly basis, for an insurance policy or investment plan. It is a consistent payment that ensures your coverage or investment continues over time.
Full definition
If you believe it's not convenient for you to opt for
regular premium policy, you can choose the one time premium option.
A plan which ensures your nominee's financial security in case of your demise for the exchange of
regular premium payments, the idea is simple and yet so effective.
The total top - up premiums paid shall not exceed the total
of regular premiums paid till that point of time.
Or go in for
regular premium plans from a best saving plan where one has to pay periodic premium where the frequency is determined as per one's convenience.
The minimum
regular premium fund value required after each withdrawal should not fall below 20 % of the single premium.
With a deferred annuity, you
make regular premium payments to an insurance company over a period of time and allow the funds to build and earn interest during the accumulation phase.
However, the policy needs to have completed three full years
with regular premium payments to avail this option.
A traditional whole life policy provides policyholders with the ability to accumulate wealth
as regular premium payments cover insurance costs.
These are low risk investment plans which help you build savings systematically,
through regular premium contributions based on your income and needs.
Even though
regular premium term life plans may appear a better choice in many aspects, you must go with the option you are comfortable with.
For extra protection cover, separate premium to be paid
over regular premium for enhancing death benefit.
The minimum amount for partial withdrawal is Rs 10,000, provided the fund value is not less than 150 % of your
original regular premium after the withdrawal.
In case of sudden demise, the nominee will get the higher of sum assured or 105 % of the
total regular premium paid.
It is a non linked, with -
profit regular premium payment plan that provides risk cover to the insured child also.
It can be paid any time during the policy term at irregular intervals excluding the
basic regular premium payment.
Investment plans - In this plan, you pay
regular premiums which are invested in both equity and debt instruments.
This plan offers
only regular premium payment option and has two premium payment term options — 6 years and 12 years.
Assured addition up to 125 % of one
annual regular premium basis proper continuity of the plan till the time of maturity.
When you
provide regular premiums for a service, a business person will automatically assume that the payments will, in one way or another, provide a good return.
An affordable,
regular premium savings insurance plan that increases your savings through regular interest credits while providing a life cover.
The firm should pay to the complainant a sum less the amount the complainant would have paid for the
alternative regular premium payment protection contract.
I have a slight preference for
regular premiums because the annual payments are affordable and one retains the option of stopping payment in the future.
Policy term is same as under base plan,
where regular premium policies are for 5 to 35 years and limited premium policies are for 10 to 35 years.
Remember that you can still continue to keep the policy active by paying
regular premiums even after taking a loan against your policy.
Thus, the premium collected is more on the lines of a single premium than two
yearly regular premiums against the approved «file - and - use» features.
Do I get a receipt for my
auto regular premium payments made to the insurance company to keep the policy in force?
This is because the insurer can take higher risk in case
of regular premium plans on account of continuous cash flows coming in.
On survival of the life assured till end of the policy term,
regular premium fund value plus top - up premium fund value is payable.
This proposal fails to impress larger section of society, given that policyholders prefer buying plans
with regular premium.
The maximum sum assured limits stated above are based on the sum under consideration i.e. rated up sum assured during last two full years
under regular premium plans.
Offers dual benefits in terms of making additions to ones wealth as well as offering insurance benefits along with guaranteed loyalty additions
on regular premium payments.
Phrases with «regular premium»