Sentences with phrase «life insured attains»

In some cases, the life insured attains an age of 100.

The Rider can be opted between age 21 and 55 years and expires once the Life Insured attains the age of 60 years.

Please note: For policies sourced under Qualifying Recognized Overseas Pension Scheme (QROPS) through the transfer of UK tax relieved assets, the option to surrender will be available only on or after the life insured attains 55 years of age.

Till the end of PPT: Sum Assured on Death Plus accrued Reversionary Bonus (RB1) After the end of PPT till end of policy year when Life Insured attains age 75 years: Sum Assured on Death Plus accrued Reversionary Bonus (RB2) After attaining age 75 years: Sum Assured on Death.

It is payable on death or at the end of policy year when Life Insured attains age 75, whichever is earlier.

Guaranteed Lump Sum Benefit (GLB) is a survival benefit payable only upon the survival of the life insured at the end of the Premium Paying Term and at the end of policy year when Life Insured attains age 75 and is equal to Sum Assured on Maturity.

This benefit will continue even if the Life Insured attains 18 years of age during the tenure of the policy.

Max Life Partner Care Rider which pays the sum of all future premiums payable under the base policy or till life insured attains 60 years age (whichever is earlier), immediately on the death of the life insured and after payment, the rider will terminate.

Usually, the policy expires on life insured attains 100 years of age.

Make unlimited partial withdrawals from your fund, any time after completion of 5 policy years or when life insured attains the age of 18, whichever is later, subject to a minimum partial withdrawal amount of Rs. 5,000

For all those emergency situations, avail the facility of making unlimited partial withdrawals from your fund, any time after the completion of 5 policy years or when life insured attains the age of 18, whichever is later, subject to a minimum partial withdrawal amount of Rs. 5,000

Fund your emergency requirements by making unlimited partial withdrawals from your fund at any time after the completion of 5 policy years or when life insured attains the age of 18, whichever is later, subject to a minimum partial withdrawal amount of Rs. 5,000

Make unlimited partial withdrawals from your fund for supporting emergency situations, at any time after the completion of 5 policy years or when life insured attains the age of 18, whichever is later, subject to a minimum partial withdrawal amount of Rs. 5,000

Most endowment plans will offer insurance coverage and the promise of benefits even after the maturity date, in some cases up to a time when the life insured attains the age of 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.

Not exact matches

Re-Entry: A policy provision that allows an insured to renew their term life insurance policy at the end of the term based on their attained age and health status.

As in all statistics, only only a few people in the insured group will attain an average life expectancy.

Re-Entry: A policy provision that allows an insured to renew their term life insurance policy at the end of the term based on their attained age and health status.

Under this LIC child plan, the money back benefits will start to be paid only from the policy anniversary which coincides or follows the completion of 20 years of age of the life insured and are payable for 5 years till the insured attains the age of 25 years

If the permanent policy is a whole life insurance plan, the premium amount will be guaranteed never to go up — regardless of the insured's increasing age, as well as if the insured attains an adverse health condition in the future.

This charge is levied on the attained age of the Life Insured for the Sum at Risk and is unisex.

In case of an eventuality (death of the life insured) the nominee will get fixed Rs. 50,000 monthly till the time the life insured would had attained the age of 60 years or for 120 months whichever is higher.

Max Life Partner Care rider can be availed under the plan wherein the aggregate of all future premiums payable till the end of the term or till the insured attains 60 years of age is payable immediately if the insured dies during the tenure of then plan.

The nominee will be paid the life insurance benefit, in the case of unforeseen demise of the life insured before you attain an age of 85 years, subject to the policy being in operation and all the due premiums are paid.

Provided that the death benefit is at least 105 % of the total premiums paid till death If the life insured dies before reaching 60 years of age, the Sum Assured would be deducted for any partial withdrawals made during two years prior to death If the life insured dies after attaining 60 years, any partial withdrawals made after crossing 58 years of age would be deducted from the Sum Assured.

If the life insured dies after attaining 60 years, any partial withdrawals made after crossing 58 years of age would be deducted from the Sum Assured.

Under premier mode, for single pay, it is lower of Rs 6000 or 850 increasing @ 3 % p.a and for other pay options, it is lower of Rs 6000 or 2.20 % of premium increasing @ 3 % p.a.. Under online mode, for single pay, it is lower of Rs 6000 or 850 increasing @ 3 % p.a and for other pay options, it is lower of Rs 6000 or 5.50 % of premium increasing @ 3 % p.a. Mortality Charges: Mortality charge is based on the option applicable, attained age of the life insured, rate and applicable Sum at Risk.

The charge per Rs 1000 of Sum at Risk will depend on the gender and attained age of the life insured.

In case of death of the life insured, this plan pays 50 % of the death sum assured as a lump sum and the balance amount is then paid as equal monthly installments for a period till the nominated child attains 21 years.

2) Another example is if life insured is 7 years of age, his commencement of risk is within 8 years (since they attained 8 years of age)

Date of commencement of risk: If life insured is > 8 years of age, date of commencement is immediately; else it would be after attaining 8 years of age.

The policy shall continue on the life of the life insured once he / she attains majority.

However if life insured is < 8 years, commencement of risk attains once the life insured is 8 years or once the policy completes 2 years of time frame.

In case of survival of the life insured on attaining age 100 years, the maturity benefit is payable as per the opted premium payment term (PPT).

The Mortality Charges will vary on the amount of life insurance cover, the attained age of Life Insured, the occupation of the Life Insured, the health of the Life Assured and the Fund Valife insurance cover, the attained age of Life Insured, the occupation of the Life Insured, the health of the Life Assured and the Fund VaLife Insured, the occupation of the Life Insured, the health of the Life Assured and the Fund VaLife Insured, the health of the Life Assured and the Fund VaLife Assured and the Fund Value.

After 60 years of the life insured, Sum Assured is reduced to the extent of Partial Withdrawals made after attaining 58 years.

Under this option, the insurer applies each dividend payment to buy as much paid - up single premium whole life insurance as the dividend will allow at the insured's attained age.