1.25 % of the average fund value of the last 36 monthly policy anniversaries is payable for both 1st & 2nd Loyalty Addition at the end of the 10th /
15th policy year, respectively.
In the event of demise of Mr. Raman during
the 15th policy year, a lump sum amount of Rs 10 Lacs or above plus guaranteed accrual additions is payable as the death benefit to the nominee.
Loyalty Additions rate is 6.1 % / 2.5 % at the end of 10th policy year /
15th policy year and so on after every 5 years, respectively.
Case 2: Mr. Kumar dies during the Policy Term In the event of demise of Mr. Kumar during
the 15th policy year, from the end of the 10th year to the 14th policy year, he will receive Guaranteed Money Back payouts and after death, his nominee will receive higher of 10 times the Annualized Premium or Sum Assured plus accrued reversionary bonus plus terminal bonus.
Scenario A - Maturity Benefit: In case of his survival till maturity of the policy, Loyalty Additions as 1 % of your fund value is made in form of extra allocation of units at the end of
the 15th policy year.
In the event of demise of Mr. Raman during
the 15th policy year, the sum assured amount of Rs 10.8 Lacs plus assured additions accrued is payable as the death benefit to the nominee.
On completion of 10th policy year and on completion of
15th policy year thereafter, a Guaranteed Pension Booster is available, if at least five years» premiums have been paid.
1st Loyalty Addition is payable at the end of the 10th policy year and 2nd Loyalty Addition at the end of
the 15th policy year.
In the event of death of the insured after completion of
the 15th policy year, Death Sum Assured plus Final Bonus is payable.
Scenario B: Raman dies during the Term of the Policy In the event of demise of Mr. Raman during
15th policy year, the nominee will receive Rs 5,58,483 at investment return of 8 % or Rs 4,31,073 at investment return of 4 %.
This payout starts from the end of
15th policy year and it is 9.10 % / 9.60 % / 10.10 % of basic sum assured for premium bands of Rs 15000 to Rs 29,999 / Rs 30,000 to Rs 74,999 / Rs 75,000 & above, respectively.
Wealth Boosters as 2.9 % / 1.5 % is made in the form of additional allocation of units at the end of the 10th policy year /
15th policy year & thereafter every 5 Policy Years.
Additional units as loyalty additions are credited into the fund at the end of the 10th policy year for policy term of 10 years and it is credited into the fund at the end of the 10th &
15th policy year for policy term of 15 years.
For the Policy Term equal to 15 years, Loyalty Additions of 5.6 % is payable at the end of the 10th policy year & 2.2 % is payable at the end of
the 15th policy year.
Scenario A: Raman Survives the Policy Term If Mr. Raman survives till the maturity of the policy term, he receives Rs 20,000 at the end of each of 5th, 10th, &
15th policy year, as the survival benefit.
That means, Rs 6 lacs would be payable up to the end of
the 15th policy year.
If Anil dies in
the 15th policy year, Rs. 34 lakhs would be paid as the death benefit.
There is an option for partial withdrawals and 120 % to 170 % of annual premium is allocated to your fund value at the end of
the 15th policy year.
With ultimate policy control, the policyholder is in complete control of their insurance and the Return of Cost of insurance (COI) returns all CIO charges either at the later of your age - 60 policy or on
your 15th policy year.
Absolute amount assured to be paid on death is 100 % / 125 % / 150 % of the Basic Sum Assured during first the first 5 policy years / 6th to 10th policy years / 11th to
15th policy years respectively.
Not exact matches
Managing risk: Rigorous underwriting The 2011
policy year marked a period of fine - tuning for the TitlePLUS title insurance program, now headed into its
15th anniversary
year.
Policy coverage expires October
15th of the same
year, or upon harvest of the crop.
As the name suggests, the plan pays you back a fixed percentage of the basic sum assured say 15 - 20 % called Survival Benefits at certain
policy milestones say 5th, 10th,
15th year during a
policy term of 15
years.
Generally subscriber will get a sum assured based on the
policy covered amount in every fixed term (4
years, 8
years, 12
years,
15th years like this).
Scenario 2: If he survives the
policy term he would be getting paid 20 % of the Sum Assured, which is rupees 40,000, at the end of completing each of the 5th, 10th and
15th year.
The company pays to the survivor, survival benefits after completion of every five
years of completion of
policy till the 20 th
policy year, i.e. the company pays survival benefits on the 5th, 10th,
15th and 20th
policy years.
Loyalty Addition is 1 % / 2.5 % / 3.5 % / 5 % / 6 % / 7 % on the last day of the 6th / 10th /
15th / 20th / 25th / 30th
policy year, respectively.
In case of Life Assured surviving to the end of the specified durations 15 % of the Basic Sum Assured at the end of each of 5th, 10th,
15th & 20th
policy year.
Guaranteed Addition of 5 % / 10 % / 15 % is added to the fund value on completion of 10th /
15th / 20th
policy year, respectively.
Scenario A: Raman Survives the
Policy Term If Mr. Raman survives till the maturity of the policy term, he receives Rs 15,000 is payable at the end of each of 5th, 10th, 15th & 20th policy year, as the survival be
Policy Term If Mr. Raman survives till the maturity of the
policy term, he receives Rs 15,000 is payable at the end of each of 5th, 10th, 15th & 20th policy year, as the survival be
policy term, he receives Rs 15,000 is payable at the end of each of 5th, 10th,
15th & 20th
policy year, as the survival be
policy year, as the survival benefit.
Guaranteed Additions (as applicable) is available at the end of 10th,
15th, 20th, 25th & 30th
policy year.
Loyalty Addition as 1.10 % / 1.15 % / 1.20 % is allocated as extra units at the end of every
policy anniversary, during 10th to 14th
policy year /
15th to 19th
policy year / 20th
policy year, respectively.
On survival of Hitesh, he receives regular cash back of 15 % of sum assured payable at the end of 5th, 10th,
15th & 20th
policy year.
What if in the
15th year after, pouring $ 90,000 into your universal life
policy, you get a payment notice telling you that it is now going to take a premium this
year of $ 11,000 to keep the
policy in force?