Sentences with phrase «if age of policyholder»

If age of policyholder is less than 55 years, then he can extend the deferment / accumulation period for another 5 years and remain invested without additional payment of premium

Under this Reliance retirement plan, deferment of vesting age is possible if the age of the policyholder is below 55 years

Not exact matches

I.e. if you just had the mortality info (number of deaths each year), and the fact that M / F ratio has remained constant, what average - age would you estimate this set of policyholders to have been in Jun 07, from the CDC tables.

The documents that have to be submitted includes prescribed proposal form, proof of income and age, attested passport copy, report on health condition of the policyholder, application amount equal to first premium, special report if any, etc..

A renters insurance policy will cover the sibling of a policyholder if the policyholder is their legal guardian and below a certain age.

After the end of the Premium Paying Term, if the policyholder attains 75 years of age, the Sum Assured on maturity is paid again.

On Maturity, i.e. when the policyholder attains 75 years of age, the Guaranteed Maturity SA + Accrued Paid Up Additions + Terminal Bonus, if any is paid to the policyholder

Under the Lifetime Annuity with Return of 100 % of Purchase Price on diagnosis of Critical Illness or death, the annuity payouts cease and 100 % of the purchase price is returned if the policyholder dies or is diagnosed with a critical illness before the age of 85 years

On Maturity, when the policyholder attains 85 years of age, accrued bonuses including Terminal Bonus, if any, are paid out.

The policyholder would need to provide an appointee if the nominee is yet to be 18 years of age.

If the plan mature, i.e. the policyholder turns 100 years of age, 200 % / 250 % or 300 % of the chosen Sum Assured depending on the premium paying term chosen and any Terminal Bonus is payable to the policyholder

So, if a policyholder had purchased a Colony Term universal life 10 policy, and then they decided five years after purchasing it that they wanted to have coverage for the remainder of their lifetime, then the coverage extension feature would have allowed the insured to extend the death benefit protection guarantee to either age 90, age 100, or 105 — and, this could occur without the need for the insured to provide evidence of insurability.

For those who may wish to have permanent life insurance coverage in the future, the Lincoln TermAccel policy may be converted over into a permanent life insurance policy if the policyholder moves forward with such a conversion by the end of the term's coverage or by age 70 (whichever occurs first).

If the policyholder passes away after the policy has matured but before they have turned 80 years of age, the nominee receives 100 % of the Sum Assured.

However, if the policyholder must re-qualify for the coverage once the term expires, they may face higher premiums as a result of their advanced age or other medical factors.

If you still prefer to get protection for life but are not excited about universal or whole life insurance, look into Term 100 insurance that covers policyholders for life (premiums are paid to age of 100) and typically pays benefits at age 100 if a policyholder is alivIf you still prefer to get protection for life but are not excited about universal or whole life insurance, look into Term 100 insurance that covers policyholders for life (premiums are paid to age of 100) and typically pays benefits at age 100 if a policyholder is alivif a policyholder is alive.

On death of the policyholder, higher of the Sum Assured net of partial withdrawals made in the last 2 years if the age attained was less than 60 years orFund Value subject to a minimum of 105 % of all premiums paid till death is payable

If the policyholder survives until the policy matures which will be when the policyholder turns 99 years of age, then he or she receives a Maturity Benefit.

If the policyholder survives till maturity, i.e. if he attains 100 years of age, higher of the Guaranteed Sum Assured or 10 times the annual premium paid or 105 % of all premiums paid including vested bonuses accrued post the Premium Paying Term and any Terminal Bonus is paIf the policyholder survives till maturity, i.e. if he attains 100 years of age, higher of the Guaranteed Sum Assured or 10 times the annual premium paid or 105 % of all premiums paid including vested bonuses accrued post the Premium Paying Term and any Terminal Bonus is paif he attains 100 years of age, higher of the Guaranteed Sum Assured or 10 times the annual premium paid or 105 % of all premiums paid including vested bonuses accrued post the Premium Paying Term and any Terminal Bonus is paid

On death of the policyholder, the Sum Assured is payable which should not be less than 125 % of the Single Premium if age is less than 45 years or 110 % of Single Premium for ages 45 years and above

On death of the policyholder, 125 % of the Single Premium is paid if age is less than 45 years or 110 % of the Single Premium is paid for ages 45 years and above

However, in two scenarios, floater plan proves to be more expensive 1) If the age of the claimant is higher than the other family members» or he / she has a poor medical history; 2) by accumulating no claim bonus for each claim free year, policyholders can make their individual policies cheaper.

The maximum maturity age as per the plan is 75 years If the policyholder survives till the maturity of the policy, then he would be entitled to the basic Sum Assured in addition to simple reversionary bonuses and Final Additional bonus (if anyIf the policyholder survives till the maturity of the policy, then he would be entitled to the basic Sum Assured in addition to simple reversionary bonuses and Final Additional bonus (if anyif any).

· On death of the policyholder, higher of the Sum Assured including top - up Sum Assured net of partial withdrawals made 2 years prior to death or the Fund Value including the top - up Fund Value is payable to the nominee if age attained was less than 60 years

If the policyholder survives until the policy matures which will be when the policyholder turns sixty - five years of age, then he or she receives a Maturity Benefit.

If the policyholder dies at the age of 50 years or above, the nominee will receive the Sum Assured including Top - up sum assured net of partial withdrawals or Minimum Death Benefit or Fund Value including Top - up Fund Value (Whichever is higher).

and are increasing in popularity because if these riders go unused, there is no loss of premium - the premiums are returned if the policyholder passes away before a specific age, and the beneficiaries are still entitled to receive the life insurance policy's face value in the event of the policyholder's death.

On death of the policyholder, higher of the Sum Assured SA net of partial withdrawals made in the last 2 years if the age attained was less than 60 years or Fund Value subject to a minimum of 105 % of all premiums paid till death is payable

On Maturity when the policyholder attains 85 years of age, Sum Assured + Vested Bonus + Terminal Bonus, if any is paid

When the death occurs when the policyholder is between the ages of 65 to 99, the nominee receives the Basic Death Benefit plus the Final Bonus if any.

If policyholder dies, the child gets a lump sum that is a multiple of the annual premium — decided by the age at which the plan was bought: if between 18 and 40 years, the multiple is 10 times annual premium; till 44, it reduces to 9 times and so oIf policyholder dies, the child gets a lump sum that is a multiple of the annual premium — decided by the age at which the plan was bought: if between 18 and 40 years, the multiple is 10 times annual premium; till 44, it reduces to 9 times and so oif between 18 and 40 years, the multiple is 10 times annual premium; till 44, it reduces to 9 times and so on.

Death or disability Benefit: If the policyholder dies or suffers disability during the policy term, the nominee shall be paid a lumpsum amount that will be equal to 1.10 or 1.25 of the single premium paid or 5/7/10 times of the annual premium paid depending on the age of the insured and policy term.

But instead of 20 years, if you buy a policy with a life cover up to age 80, you can have the advantage of a longer cover by paying a lesser premium because you are younger right now and insurance premiums are directly linked to the age of the policyholder.

It pays only if death occurs during the term of the policy, which is usually from 1 to 30 years while Whole Life or Permanent Insurance pays «death benefits» when the policyholder dies or prior to «Maturity» (that may occur at age 120 for example).

If the policy of the policyholder happens to expire while he / she is still alive, then the policy can be renewed for another term provided the policyholder fulfills eligibility with respect to age.

As the policyholder attains the age of 75 years or on the policy anniversary (whichever happens later), the following benefit shall be paid: Guaranteed Maturity Sum Assured + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) where Guaranteed Maturity Sum Assured is the total guaranteed sum to be received at the end of the policy term Accrued paid - up additions are any additional coverage provided by the company (if applicable) Terminal bonus is the bonus to be received at the end of the policy term (if applicable)

Sum assured plus accrued bonuses and the terminal bonuses, if any, on the policyholder attaining age 80 years or on expiry of term of 40 years from the date of commencement of the policy whichever is later

If the policyholder survives till maturity, i.e. after attaining 100 years of age, the maturity benefit would be paid depending on the death benefit option chosen.

Whole life insurance is commonly referred to as permanent life insurance, which is a life insurance policy that is good for the entire life of the policyholder, even if you live past age 100.

Guaranteed Maturity Sum Assured + Accrued Paid - Up Additions (if any) + Terminal Bonus (if any) is payable to the policyholder as Maturity proceeds on the policy anniversary immediately following or coinciding with Life Insured attaining age of 75 years.