Sentences with phrase «full lump sum payout»
Full lump sum payout: Offers your nominee the basic sum assured in lump sum as specified in the policy schedule in case of an uncertainty.
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Offers 4 sum assured pay out options to select from either full lump sum payout, payout as lump sum + Regular monthly income, Payout as lump sum + Increasing Monthly.
PNB MetLife Mera Term Plan offers four sum assured pay out options to select from either full lump sum payout, payout as lump sum + Regular monthly income, Payout as lump sum + Increasing Monthly Income and Payout as Lump sum + Regular Monthly Income till your child turns 21.
Not exact matches
Unless your policy falls into a few very specific situations, your beneficiaries will receive the full payout as a lump sum without any deductions or charges (including taxes).
The nominee can choose either to receive annuity payouts from the death benefit partly or in full or withdraw the lump sum amount
Unless your policy falls into a few very specific situations, your beneficiaries will receive the full payout as a lump sum without any deductions or charges (including taxes).
When you opt for a lump sum benefit payout option, the nominee / beneficiary receives full payment of the sum assured at once.
A term plan is insurance in the purest sense, where, in the event of your death, your family receives the full payout in lump sum.