Sentences with phrase «at time of maturity»

Since a HECM is insured by HUD, you are guaranteed that you and your heirs will never have to pay more than the property is worth in a bona - fide sale at time of maturity on the loan.

This plan is famous as LIC Kanyadaan Plan as in case of any mishappening with the parents this plan provides the assured return at the time of maturity and in addition to maturity, this plan -LSB-...]

«We have tried to package maximum benefits in the product that can support the family by providing bonus and sum assured at the time of maturity while continuing the cover for lifetime and another sum assured at the time of unfortunate death of the policyholder.

Final Additional Bonus (FAB) is announced every year and paid at the time of death or at the time of maturity of the policy.

This plan provides for Annual Income benefit that may help to fulfill the needs of the family, primarily for the benefit of children, in case of unfortunate death of Policyholder any time before maturity and a lump sum amount at the time of maturity irrespective of survival of the Policyholder.

As per IRDA rules, 2 / 3rd of the accumulated wealth at the time of maturity needs to be used to purchase an annuity plan or a deferred pension product.

The total accrued bonus is paid at the time of maturity of the policy.

At the time of maturity of the plan, you get 40 % of the Sum Assured along with accrued simple reversionary bonuses and Final Additional Bonus.

Balanced Sum Assured, along with bonuses is paid at the time of maturity.

This combination provides financial support for the family of the deceased policyholder any time before maturity and good lump sum amount at the time of maturity for the surviving policyholders.

The Endowment Policies offer bonuses for the full term, that is payable at the time of maturity or in the event of death.

This unique combination provides financial support for the family of the deceased policyholder any time before maturity and lump sum amount at the time of maturity for the surviving policyholders.

The policyholder also receives a lump sum payment at the time of maturity otherwise the nominee receives a lump sum amount after the death of the policyholder.

now it is fine that i «ll get both the policies of 50 lakhs each but will this create any problem at the time of maturity.

Terminal Bonus a type of loyalty bonus and is paid only at the time of maturity of the policy.

However, the income tax rules prevailing at the time of maturity will be applicable.

Pure term plans will become more costly, while endowment plans will see reduction in returns at the time of maturity.

It is not surprising, as life insurance is the only product other than Employees» Provident Fund and Public Provident Fund that gives tax exemption while investing and at the time of maturity, that is, Exempt - Exempt - Exempt (EEE).

Please note that the proceeds from the insurance policies (other than in case of death) that do not meet the aforementioned criteria (percentage of sum assured) are taxable at the time of maturity.

A waiver of premium rider allows the policy to continue even after the death of the policyholder without paying any premium till the maturity date and the child receive both the death benefit (at the time of death of the policyholder) and the maturity benefit (at the time of maturity of the policy).

The frequency and amount of the installments can be chosen by you at the time of maturity while exercising this option.

This bonus is added to your sum assured and paid at the time of maturity or in the form of death benefit.

Tata AIA Life Insurance Saat Saath is a non-linked, non-participating Endowment Micro Insurance Plan that provides return of a percentage of total premiums paid at the time of maturity.

Maturity Benefit - In case of survival across the policy term, nothing is payable at the time of maturity.

All the future premiums of the policy are paid by the company and the sum assured is handed to the nominee at the time of maturity as pre-decided.

Maturity Benefit: Subject to the Policy being in - force, at the time of Maturity, you will get your Policy Fund Value (including Loyalty Additions).

This sum of money can help for make important payments for weddings, education etc., provided the policy is in - force at the time of maturity.

Rather than guessing the rate of Loyalty addition at the time of maturity, I will assume different values and show the returns for all the rates.

The plan provides for annual survival benefits from the end of the premium paying term till age 99 and a lump - sum payment at the time of maturity or on death of the policyholder during the policy term.

The caveat is that these bonuses, though announced every year, are paid only at the time of maturity.

Several life insurance plans offer considerable returns at the time of maturity, thereby helping you meet your dual needs of achieving investment goal and protecting your loved ones against sudden income loss.

Taxes to be deducted at the time of maturity

About Reversionary Bonuses, do not even though these bonuses are announced every year, you get these bonuses only at the time of maturity.

Endowment without Profits: In this plan, if the policyholder survives the policy term, he receives the assured corpus at the time of maturity.

At the time of maturity, the insured can redeem the units which are collected at the then prevailing unit prices.

For example, if you have plan for the term of 10 years, which has sum assured of Rs 10 Lakhs and company has declared Simple revisionary bonus of 2.5 %, the bonus declared is 25,000 which will be accumulated and paid at the time of maturity or death claim.

The main feature of LIC's New plan — Jeevan Umang is it provides annual Survival Benefits from the end of the PPT (Premium Paying Term) till policy maturity and also pays lump sum amount at the time of maturity (or) on death of the policyholder (during the policy tenure).

Tax benefits are on the payout received at the time of maturity and the life cover amount received at the time of the death of policyholder.

Even though you will not anything in return at the time of maturity, you will get much larger cover at a very low price.

You get only at the time of maturity.

Endowment with Profits: In this plan, if the policyholder survives the policy term, he receives the assured corpus along with bonuses at the time of maturity.

Some plans also offer loyalty or additional units either annually or at the time of maturity.

At the time of the maturity, insured receives sum insured plus loyalty addition i.e. after completion of 12 years.

You can get a lump sum amount at the time of maturity.

At the time of maturity, the policyholder can choose to receive the fund value as maturity benefit at one go in one lumpsum amount or receive it in instalments over a period of 5 years after maturity

At the time of maturity or death, sum assured along with accrued non-guaranteed reversionary bonuses and terminal bonuses, if any, are paid to the policyholder or the nominee

At the time of maturity of the policy, the policyholder can opt to receive Fund value as a lumpsum amount or receive the settlement option

Classic Waiver: Death benefit will be higher of sum assured or 105 % of all premium paid till the date of death plus future premium will be paid by the company as policy remains active plus fund value will be paid at the time of maturity

At the time of maturity, it offers guaranteed 40 % of sum assured.

At the time of maturity, you will get the whole sum assured as a lump sum and that maturity time should synchronize with your big future expenditures.