"Fixed payout" refers to a specific amount or value that is predetermined and remains constant. It is a set or fixed sum of money that someone receives as payment or compensation for a particular purpose or event. Full definition
These plans offer fixed payout in case of health - related expenses, for a fixed premium. (aegonlife.com)
Additionally, some child plans also facilitate fixed payouts to the child at different life stages. (policybazaar.com)
Rather than calculate savings and the interest you're accruing with them, you'll simply pay a monthly premium in order to secure the eventual fixed payout amount to your family. (policygenius.com)