Sentences with phrase «guaranteed addition =»
Not exact matches
Guaranteed Maturity Addition — On survival on the life Assured to the end of the policy term the Guaranteed Maturity addition = 1 % of Sum Assured or Paid up Sum assured X PoliAddition — On survival on the life Assured to the end of the policy term the Guaranteed Maturity addition = 1 % of Sum Assured or Paid up Sum assured X Poliaddition = 1 % of Sum Assured or Paid up Sum assured X Policy term.
https://www.policybazaar.com/
Special Surrender Value = % of Paid - Up Sum Assured on Death + % of Guaranteed Maturity Benefit + Paid - Up Guaranteed Additions + % of Vesting Bonus
SSV = (proportionate SA on Maturity + accrued Guaranteed Additions * SSV Factor)-- Survival Benefits already paid
GSV = GSV Factor * Basic premiums paid including GSV of the accrued Guaranteed bonuses and Additions.
Guaranteed Maturity Addition = 1 % of Sum Assured or Paid - up Sum Assured * Policy term
GSV = (Basic Premium paid excluding taxes * GSV Factor) + (Accumulated Guaranteed Additions * GSV factors of such aAdditions * GSV factors of such additionsadditions)
Minimum guaranteed surrender value = Guaranteed Surrender Value + Surrender Value of the Guaranteed Additions already accrued to guaranteed surrender value = Guaranteed Surrender Value + Surrender Value of the Guaranteed Additions already accrued to Guaranteed Surrender Value + Surrender Value of the Guaranteed Additions already accrued to Guaranteed Additions already accrued to the policy
Death Benefit = Sum Assured on death + Vested bonuses, (if any) + Applicable Guaranteed Terminal Additions, (if any)
the Vesting Benefit = Sum Assured + Guaranteed Additions + Vesting Additions is paid to the policyholder as Maturity Benefit.
Guaranteed Surrender Value = (Total premiums paid excluding premium towards Service Tax, rider and underwriting extra, if any, less Accrued Fixed Regular Additions already paid x GSV Premium Factor) + (Cash value of Accrued Fixed Regular Additions)
Maturity Benefit = Sum Assured on Maturity + Guaranteed Terminal Additions + Simple Reversionary Bonus, (if any)
** Guaranteed Maturity Benefit = Sum Assured on Maturity + Accrued Guaranteed Additions + Loyalty Benefits
When the policy matures, the Vesting Benefit = Sum Assured + Guaranteed Additions + Vesting Additions is paid to the policyholder as Maturity Benefit.
His nominee would get Sum assured + Guaranteed Additions i.e. Rs 1 Crore + Rs 20 Lakhs = Rs 1.2 Crores.