Sentences with phrase «at fixed intervals during»

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.

At fixed intervals during the period of the policy the life insurance company gives back a fixed proportion of the cover amount (sum assured) to the policyholder along with accumulated bonuses (if available) which are paid on maturity.

Not exact matches

There is an initial fixed - rate period during which the rate doesn't change, followed by a much longer period during which the rate changes at preset intervals.

In the money back policy, insurance companies pay a fixed amount of sum assured at the regular intervals during the term of policy.