Sentences with phrase «loyalty additions depends»
The amount of Guaranteed Loyalty Additions depends on Policy Term, Premium Paying Term, Annualized Premium, Entry Age and Gender of the Life Insured.
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Loyalty Additions are added at the maturity of the plan @ 2 % or 3 % of the average fund value depending on the plan tenure chosen
Accrued Guaranteed Loyalty Additions of up to 315 % of Guaranteed Maturity Benefit, depending on the premium payment term chosen
As you can analyze from the above example, the rate of return largely depends on the amount of Loyalty Addition paid.
The premium payable amount of the Jeevan Sangam Plan depends upon the age of the policyholder, the maturity sum assured amount selected and needs which change from time to time The plan is also providing a death benefit that would be ten times of the tabular single premium along with some loyalty addition.
Loyalty additions are added at the maturity of the policy @ 2 % or 3 % of the average fund value depending on the policy term
Therefore, the returns will depend on the loyalty additions announced by the company at the time of exit (death, maturity or surrender) from the plan.
(Policy Term / 2) % * Basic Sum Assured is payable as Guaranteed Loyalty Addition on death or maturity and it depends on the policy term chosen.
Loyalty Addition is payable, depending on the corporation's experience provided the policy is in - force.
Loyalty addition would depend on Company's experience.