Sentences with phrase «16th policy year»

Insurance21 Replied: 31-05-2017 00:13:31 As per your example, if death happens between 11th to 16th policy year, then policy holder's nominee will get sum assured + accumulated bonus up to year of death.

From 16th policy year onwards, for limited & regular pay, the top - up premium of up to 5 times the annual premium is allowed and for single pay, no top - up premiums are allowed.

For Option A, you will receive Guaranteed Annual Income (GAI) from the end of the 16th policy year and it is paid every year for 20 years till death or maturity, whichever is earlier.

200 % of the Basic Sum Assured is payable from 16th policy year onwards.

For 20 year policy term, 10 % / 15 % / 20 % / 25 % of sum assured is payable at the end of 4th / 8th / 12th / 16th policy year, respectively.

Scenario B - Death Benefit: In the event of his death during the 16th policy year, the Death Benefit payable is higher of the sum assured or single premium fund value Plus higher of top - up premium sum assured or top - up premium fund value, if any.

Policy Administration Charge: The policy administration charge is 0.42 % / 0.83 % / 0.83 % per month of the annual premium is deducted monthly for 1st to 5th policy year / 6th to 10th policy year / 16th policy year onwards, respectively.

From the 6th policy anniversary onwards, this allocation increases and goes up to 7 % of the premium by the 16th policy year till the 20th year.

Not exact matches

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If you dump your policy around the 16th year, your cash surrender value plus the value of the insurance you received will be about what you put in.

With some companies, if you are in a 20 year term policy with ROP and at the 16th year you decide you're done, then you get your premiums back.

For the policy tenure of 24 years, 12 % of the basic sum assured at the completion of 4th, 8th, 12th, 16th and 20th policy year.

On survival of the life assured till maturity, 200 % of the annual premium will be paid at the end of each year from 16th to 30th year from policy commencement.

Option 1 — Guaranteed Loyalty Additions are paid under the plan from the 16th policy anniversary to the 20th year.

It is 0.75 % of the average Fund Value in the last 12 months (every year, from 16th policy anniversary onwards).

In case of survival of the insured till end of the policy term, 200 % of the annual premium is payable at the end of each year during 16th to 30th year.

For Policy Term 14 Years: 30 % of Basic Sum Assured on 10th & 12th Policy Anniversary For Policy Term 16 Years: 35 % of Basic Sum Assured on 12th & 14th Policy Anniversary For Policy Term 18 Years: 40 % of Basic Sum Assured on 14th & 16th Policy Anniversary For Policy Term 20 Years: 45 % of Basic Sum Assured on 16th & 18th Policy Anniversary

Understanding Following Table: The year-wise progress of policy has been illustrated below, Policy holder will get TWO Money Backs of Rs. 6,75,000 each on completion of 16th and 18th policy years and on maturity (completion of 20 years) Rs. 1432500 + Loyalty Addtionpolicy has been illustrated below, Policy holder will get TWO Money Backs of Rs. 6,75,000 each on completion of 16th and 18th policy years and on maturity (completion of 20 years) Rs. 1432500 + Loyalty AddtionPolicy holder will get TWO Money Backs of Rs. 6,75,000 each on completion of 16th and 18th policy years and on maturity (completion of 20 years) Rs. 1432500 + Loyalty Addtionpolicy years and on maturity (completion of 20 years) Rs. 1432500 + Loyalty Addtion (LA).