Sentences with phrase «guaranteed annual payouts from»

You pay premiums only for the first 7 policy years and enjoy Guaranteed Annual Payouts from the 8th to the 14th policy year.

Not exact matches

Guaranteed annual payouts are payable for the last 3 years (20 % each of the last 2 years from maturity and 60 % at policy maturity) and it is applicable when the policy term is 10 to 14 years.

Guaranteed annual payouts are paid every year from the 6 to 10 policy year and are expressed as a percent of annual premium (exclusive of service tax, education cess and mortality loading) depending on the age at entry.

In case the life insured is diagnosed with a critical illness (from a list of pre-defined critical illness covered under this benefit), a lump sum total of the guaranteed annual payouts, proportional to the premiums received, is paid out immediately to help with the treatment and other expenses.

Let us understand the plan with the example of Rameshwar: Life Insured: Rameshwar Age: 40 years Policy Term: 10 years Premium: Rs 1 Lakh per annum The guaranteed annual payout begins from the end of the 6 year to the end of the 10 year will be guaranteed at 135 % of the annual premium paid.

This means that if you pay a premium of «1,00,000 per annum for 5 years, you would receive a guaranteed annual payout of «1,35,000 from the end of the 6 th to the end of the 10 year.

In case the life insured is diagnosed with a critical illness (from a list of pre-defined critical illness covered under this benefit), a lump sum total of the Guaranteed Annual Payouts, proportional to the premiums received, is paid out immediately to help with the treatment and other expenses.