Is it all in your best interest or will it genertate new
1st year premiums for your agent?
My father had paid only
1st year premium (1lac + 1 lac + 50k = total 2.5 lacs for 1st year) on all the 3 policies and per this policy if at least
1st year premium is paid the policy gets paid up (usually its 3 but for this policy it is at least 1 year).
Not exact matches
It was just about a
year ago that Square Enix announced a proper sequel to their mobile - exclusive
premium RPG Final Fantasy Dimensions, known as Final Fantasy Legends in Japan, and it was just last Friday that they announced that the game would be launching on November
1st.
I had already paid 6
years premiums (around 2lacs till date) and next 7th
year 1st premium is due on May 2018.
It was just about a
year ago that Square Enix announced a proper sequel to their mobile - exclusive
premium RPG Final Fantasy Dimensions, known as Final Fantasy Legends in Japan, and it was just last Friday that they announced that the game would be launching on November
1st.
For most life insurance shoppers, term life is the best option, says Todd Juliano of
1st Option Insurance in Jacksonville, FL. «For the overwhelming majority of situations, a 10 - to 30 -
year level -
premium term policy is sufficient,» he says.
By age 37, you have paid 21,798 + 21,798 x (1 +12 %) + 21,798 x (1 +12 %) x (1 +12 %) = 73,555, i.e. returns for 2
years on
1st premium, for 1
year or 2nd
premium,... and so on.
The insurance company will pay the guaranteed surrender value to the policyholder of 30 % of the total
premium —
1st year's
premium.
According to IRDA, there is a commission to be paid along with service charges to continue the post sale services of the policy under CSC and the maximum commission would 5 % of the
premium paid which is to be submitted only for the
1st year and nothing to be deposited from 2nd
year onwards.
It is 30 % of all
premiums paid — 1st year's premium after 3 policy years for Regular Premiums and (90 % of Single Premium) after the first poli
premiums paid —
1st year's
premium after 3 policy
years for Regular
Premiums and (90 % of Single Premium) after the first poli
Premiums and (90 % of Single
Premium) after the first policy
year.
Get 8 %, 9 % & 10 % Fixed Regular Addition of Annualized Premium, respectively in
1st year, 2nd
year and 3rd
year, onwards (Provided all due
premiums have been paid in full)
Premium Allocation Charge: It is 4 % of the
premium for
1st year for both 5 pay, Single Pay and regular pay.
It is 2 % for top - up
premium and for regular
premium - yearly mode, it is 8.5 % / 5 % / 2 % during
1st policy
year for the annualized
premium of Rs 50,000 to 99,999 / Rs 1,00,000 to Rs 1,99,999 / Rs 2,00,000 to Rs 2,99,999 respectively.
For Single
Premium pay policies, when single
premium is less than Rs 5 Lacs, the
Premium Allocation Charge is 2 % during the
1st policy
year and when single
premium is equal to or more than Rs 5 Lacs, the
Premium Allocation Charge is 1 % levied during the
1st policy
year.
When annual
premium is equal to or more than Rs 5 Lacs, the
Premium Allocation Charge is 2 % for
1st to 5th policy
year, respectively.
For Platinum Option, the Policy administration charge is 3 % / 2.45 % of annualized
premium for
1st policy
year / 2nd policy
year onwards, respectively.
Policy Administration Charge: For Gold Option, the Policy administration charge is 3.75 % / 2.85 % of annualized
premium for
1st policy
year / 2nd policy
year onwards, respectively.
For single
premium payment policies, surrender value can be acquired anytime from
1st policy
year.
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.
Policy Administration Charge: The Policy administration charge is 4.5 % / 4.20 % of annualized
premium, subject to a maximum of Rs 6000 per annum for
1st to 5th policy
year / 6th policy
year onwards, respectively.
The
premium allocation charge is 5.25 % / 2 % for
1st policy
year / 2nd policy
year onwards, respectively.
The
premium allocation charge for
1st policy
year is 7 % / 6 % / 4.5 % for Band 1 / Band 2 / Band 3, respectively.
For regular / limited
premium, PAC is 2.5 % during
1st to 5th policy
years.
For single
premium payment option, it is 4 % for
1st policy
year.
In case the policy is issued on or after
1st April 2013, and the insured is suffering from disability or disease, then the limit of
premium payment during a
year is up to 15 % of the sum assured amount.
The
Premium Allocation Charge is 3 % / 2.5 % / 2 % / 0.5 % during the
1st policy
year for the single
premium of Rs 50,000 to 99,999 / Rs 1,00,000 to 4,99,999 / Rs 5,00,000 to 9,99,999 / Rs 10,00,000 & above, respectively.
For regular / limited
premium payment option, it is 8.5 % / 5.7 % for
1st policy
year / 2nd to 5th policy
year, respectively.
However any sum (not including the
premium paid by the assessee) received under an insurance policy issued on or after the
1st day of April, 2003 in respect of which the
premium payable for any of the
years during the term of the policy exceeds 20 % of the actual capital sum assured will no longer be exempted under this section.
Policy term is for 20
years, subsequently it will continue next 12
years as I got 12 policies, one of my relative is a LIC agent so blindly I took it, I paid one
premium 28900 (as 15 % discount in
1st year), Can you please suggest me if I should drop at this point of time / should continue till 3
years to get withdraw this paid amount.
It has 7.5 %
premium allocation charges for
1st year and later at 5 % and 3 %.
However the policy is surrendered after paying
1st or 2nd
year's
premium, there is Early Termination Value that is paid since the policy does not accrue any Surrender Value.
Guaranteed Surrender Value is (30 % of all
premiums paid — 1st year's premium) after 3 policy years for Regular Premiums and 90 % of Single Premium after 1 poli
premiums paid —
1st year's
premium) after 3 policy
years for Regular
Premiums and 90 % of Single Premium after 1 poli
Premiums and 90 % of Single
Premium after 1 policy
year.
4 annual payouts of 1.5 times the annual
premium shall be payable each
year for four
years starting from the end of
1st year after the end of policy term.
The
premium allocation charge is 7.5 % / 5 % / 3 % during the
1st policy
year / 2nd to 5th policy
year / 6th policy
year onwards, respectively.
For limited
premium, the
premium allocation charge varies from 9 % to 3 % from
1st to 10th policy
year, depending on the chosen
premium pay term.
Policy Administration Charge: For single pay policies it is 0.12 % of single
premium (
1st to 5th policy
year), 0.07 % increasing at 5 % per annum (6th policy
year onwards).
For regular
premium, the
premium allocation charge varies from 9 % to 3 % from
1st to 10th policy
year.
Policy Administration Charge: The policy administration charge is 0.46 % per month of the annual
premium is deducted monthly from
1st to 5th policy
year.
PAC is 2 % for top - up
premium, for regular
premium, it is 9 % / 7 % / 6 % / 2 % during the
1st / 2nd / 3rd to 10th / 11th policy
year onwards, respectively.
For five pay / regular pay (annual mode), the
premium allocation charge is 4 % / 2 % for
1st to 5th policy
year / 6th policy
year onwards, respectively.
For single
premium pay policies, it is 0.2 % of single
premium for
1st to 5th policy
year.
Policy Administration Charge: Policy administration charge is 0.05 % per month on the annualized
premium during
1st to 5th policy
years.
Policy Administration Charge: The Policy administration charge is 1 % / 0.75 % of the single
premium, subject to a maximum of Rs 6,000 p.a / Rs 4,000 p.a levied for
1st policy
year / 2nd to 5th policy
year respectively.
Policy Administration Charge: For the
1st policy
year, the Policy administration charge is 0.13 % per month of the total
premiums paid.The charge will be deducted monthly, subject to a maximum of Rs 500 per month.
Policy Administration Charge: Policy administration charge is 0.05 % per month on the annual
premium during
1st to 5th policy
years.
For regular / limited pay (annual mode), the
premium allocation charge is 6 % / 5 % / 4 % / 2 % for
1st policy
year / 2nd policy
year / 3rd to 5th policy
year / 6th policy
year onwards, respectively.
The
premium allocation charge is 5 % / 3.5 % for
1st policy
year / 2nd to 5th policy
year, respectively.
For single
premium pay policies, it is 0.18 % from
1st to 5th policy
year.
Policy Administration Charge: Policy administration charge is 0.05 % per month of the annualized
premium during
1st to 5th policy
years.
For annual
premium band of Rs 2,50,000, the
premium allocation charge is 4.50 % / 4 % for
1st & 2nd policy
year / 3rd policy
year onwards, respectively.