Sentences with phrase «5th policy year»

In addition to the above, Loyalty Addition, If any, shall also be payable if death occurs after completion of 5th policy year.

Yet, last year, they quit offering conversions to lifetime guarantee products after the 5th policy year.

Policy Administration Charge: Policy administration charge is Rs 10 per month from 1st to 5th policy year, Rs 20 per month during 6th year and inflation of 4 % from 7th policy year onwards.

It starts from the end of 5th policy year and credited at the end of every 5 policy years.

For regular / limited pay, the Premium Allocation Charge is 4 % / 3 % / 2.75 % / 1.50 % or 1st policy year / 2nd to 4th policy year / 5th policy year / 6th policy year & onwards, respectively.

The Premium Allocation Charge is 4.5 % / 5 % / 4 % of the annualized premium for 1st policy year / 2nd to 5th policy year / 6th policy year onwards, respectively.

Residual Addition is also credited at the end of each year, starting from 5th policy year.

For Single Premium pay policies, it is 2.2 % of annual premium during 2nd to 5th policy year.

Policy Administration Charge: The Policy administration charge is 6.30 % / 3.15 % per annum during 1st to 5th policy year / 6th policy year onwards, subject to a maximum of Rs 6000 per annum.

Policy Administration Charge: The Policy administration charge is 0.50 % / 0.25 % per month during 1st to 5th policy year / 6th policy year onwards.

This payout starts from the end of the 5th Policy year and thereafter, it is payable in every 5th year for 20 years Policy Term.

The Premium Allocation Charge is 8.4 % / 6.4 % / 5.4 % during the 1st policy year, 2nd & 3rd policy year, 4th & 5th policy year, respectively.

Policy Administration Charge: The Policy administration charge is 0.10 % / 0.05 % per month during 1st to 5th policy year / 6th policy year onwards, subject to a maximum of Rs 500 per month.

For Regular Premium payment policies (annual mode), it is 9 % / 2.5 % / 2 % for 1st policy year / 2nd to 5th policy year / 6th policy year onwards, respectively.

For regular 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.

When opted for other mode of premium payment, the premium allocation charge is 5 % / 4 % / 3.5 % / 3 % / 2 % for 1st policy year / 2nd policy year / 3rd to 5th policy year / 6th & 7th policy year / 8th policy year onwards, respectively.

In the event of demise of Mr. Raman during any policy year, Rs 1 Lac along with loyalty addition (if death occurs after the 5th policy year) is payable.

Premium Allocation Charges: The premium allocation charge as 4 % / 3 % / 2 % for 1st & 2nd policy year / 3rd policy year / 4th & 5th policy year, respectively.

Policy Administration Charge: Policy administration charge is 0.25 % / 0.30 % of annualized premium per month for 1st to 5th policy year / 6th policy year onwards, respectively subject to a maximum of Rs 500 per annum.

He will also receive Survival benefit (as applicable) that starts from the end of the 5th Policy year and thereafter, it is payable in every 5th year till 20th policy year.

At the end of each year from the end of 5th Policy year, this policy may also be eligible for Non-Negative Clawback additions if the reduction in yield at that time is greater than the maximum reduction in yield allowed.

For Regular Premium and Limited Premium payment policies, it is 8 % / 5.5 % / 5 % / 3 % for 1st policy year / 2nd to 5th policy year / 6th to 9th policy year / 10th policy year onwards, respectively.

Scenario B: Sameer dies during the Term of the Policy In the event of Sameer's death during the 5th policy year, a lump sum of Rs 10,00,00 is payable as Sum Assured on Death.

Simple Reversionary Bonus is declared every year and the bonus is guaranteed to be payable on vesting provided all due premiums are paid.Terminal Bonus may be declared from the 5th policy year onwards.

The Premium Allocation Charge is 5 % / 3.35 % / 1 % during the 1st policy year / 2nd to 5th policy year / 6th to 10th policy year, respectively.

Policy Administration Charge: For Single Pay, the policy administration charge is 0.12 % of Single Premium per month for 1st to 5th policy year.

For single premium pay policies, it is 0.18 % from 1st to 5th policy year.

The premium allocation charge is 5 % / 3.5 % for 1st policy year / 2nd to 5th policy year, respectively.

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.

When opted for semi annually or monthly mode, it is 4 % / 3.5 % / 3 % for 1st & 2nd policy year / 3rd policy year / 4th & 5th policy year, respectively.

For Single Premium policies, it is 1.50 % / 0.75 % for 2nd to 5th policy year / 6th policy year onwards, respectively.

A non-zero positive regular addition is added at the end of every policy year starting from the 5th policy year.

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.

For single premium pay policies, it is 0.2 % of single premium for 1st to 5th policy year.

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.

It is 3.75 % / 1.75 % during 2nd to 5th policy year for the annualized premium band of Rs 25,000 to 99,999 / Rs 100,000 to 199,999 respectively.

Non-Zero Positive Residual Addition is done to ensure maximum reduction in yield criteria and it is added at the end of each policy year, starting from 5th 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.

You have the option to withdraw from your IPA on completion of 5th policy year.

When opted for semi annually or monthly mode, It is 4 % / 3 % / 2 % for 1st to 3rd policy year / 4th & 5th policy year / 6th policy year onwards, respectively.

Scenario B: Rajesh dies during the Term of the Policy In the event of Rajesh's death at the end of the 5th policy year, the death benefit is the Sum Assured payable immediately and all future premiums are waived.

Non-Zero Positive Residual Addition may be added at the end of each policy year starting from 5th policy year.

So, if you exit after 5th policy year you will receive the fund value with poor returns.

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).

Partial Withdrawal is allowed after completion of 5th policy year onwards with a minimum partial withdrawal amount allowed is Rs 10,000.

No premium allocation charge is levied after 5th policy year.

If you are exiting after 5th policy year, your fund may not perform up to your expectations.

The premium allocation charge is 7.5 % / 5 % / 3 % during the 1st policy year / 2nd to 5th policy year / 6th policy year onwards, respectively.

iii) Increasing Cover: In this option the basic sum assured is increased by 10 % (@simple rate and NOT compound rate) at the end of every 5th policy year, without any increase in annual premium.

Before maturity also (after 5th policy year), this plan offers liquidity by allowing partial withdrawals from the policy subject to limits as per product terms and conditions