Sentences with phrase «assured at certain intervals»
Term plans nowadays provide policyholders with the options that protect them against inflation with an assurance to increase the Sum Assured at certain intervals.
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These plans offer the nominee a certain percentage of the sum assured at regular intervals and pay out a lump sum amount at the time of maturity.
Under money back plans, survival benefits are spread over the term of the policy i.e., certain percentage of sum assured is paid at regular intervals.
A money - back plan is also an endowment plan, in which a certain fixed proportion of the sum assured is payable at fixed intervals during the policy term.