Sentences with phrase «claw back additions»
Non-Negative Claw Back Additions to the fund to ensure compliance with the reduction in yield as per Regulation 37 (d) of IRDA (Linked Insurance Products) Regulations, 2013.
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The Non-Negative Claw Back Additions are available at various intervals of time, after the first 5 years under the policy.
Non-zero claw back additions are added to the fund value to ensure the maximum reduction in yield criteria as per Sub-regulation 37 of IRDA (Linked Insurance Products) Regulations, 2013.
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Non-negative claw - back additions: After the first five policy years, in the process to comply with the reduction in yield, the Company may give out specific non-negative claw - back additions, if any, which are added to the unit Fund Value, as applicable, at various durations of time.
The claw - back addition, if required, are added to the fund value that ensures compliance with the regulatory criteria of maximum reduction in yield from 5th policy year onwards.
You can avail non-negative claw - back addition, if the reduction in yield at the time of exit is higher than the maximum reduction in yield allowed at that time.
Company provides claw - back additions to the fund before payment of benefits to ensure compliance with the reduction in yield According to Regulation 37 (d) of IRDAI (Linked Insurance Products) Regulations, 2013.
Non-Negative Claw - Back Additions is applicable after the completion of 5 policy years, in order to comply with the reduction in yield.
On survival of the life insured till the end of the policy term, the Fund Value including claw - back additions, under the base policy and under Top - ups is payable.
In order to comply with the reduction in yield, the non-negative claw - back additions are added to the fund value after first 5 policy years.