firstly sum assured upon maturity, secondly the survival benifits @ 5.5 % of the sum assured till the time you are alive, and third and last upon your death Sum assured +
Loyalty additions paid to your nominee.
As you can analyze from the above example, the rate of return largely depends on the amount of
Loyalty Addition paid.
There will be
no Loyalty Addition paid if the policy holder surrenders or if he dies before 5 years of the existence of the endowment policy.
Not exact matches
2,00,00,000 or Policy Fund Value (including
Loyalty Additions) at the time of intimation of death or 105 % of all premiums
paid as on date of death, whichever is higher, in this case
only 3 premiums are pending and I am getting a simple interest of 12 % till date + I will get «
loyalty addition» of 6.25 % of total fund value value if I
pay all premium
As maturity benefit, a person will receive the fund value as on date (including guaranteed
loyalty additions) or guaranteed maturity benefit of 101 % of the total premiums
paid, whichever is higher.
The plan offers 101 % of premiums
paid as returns even if the market sees a slowdown and offers a guaranteed
loyalty addition for those who stay invested till the maturity period.
Loyalty Additions: Get
Loyalty Additions every year from end of 6th policy year till maturity for both premier and online options, provided your policy is in force and all due premiums till date have been
paid.
Get
Loyalty Additions every year from end of 6th policy year till maturity for both premier and online options, provided your policy is in force and all due premiums till date have been
paid.
Death Benefit — The nominee receives Maximum of double the Sum Assured or 10 times of annualized Premium or 105 % of Premiums
paid and Accrued Guaranteed
Loyalty Additions (if any).
Loyalty additions are also
paid out at different stages of the policy term.
A benefit which is the Guaranteed
Loyalty Additions @ (term / 2) % of Sum Assured is
paid on maturity or death
10 times of single premium
paid (excluding Service Tax) +
Loyalty Addition is payable as death claim amount, in case of death of the policy holder before completing 15 years or the maturity date of the policy.
In case of death of the insured during the plan tenure, the death benefit is higher of the basic Sum Assured net of partial withdrawals or the Fund Value including
loyalty additions or 105 % of all premiums
paid till the date of death
On consequent death of the second life, higher of 10 times the Single Premium or the available fund value including any
loyalty additions or 105 % of all premiums
paid till death is payable.
On maturity, the available Fund Value along with the
loyalty additions is
paid to the policyholder and he can take the lump sum benefit or use the Settlement option to take it in instalments.
Maturity benefit: On the maturity of the policy, both guaranteed
additions and
loyalty additions are
paid out along with the lump sum assured.
A unit linked child insurance plan which provides market related returns while at the same time taking care of the child's future.Guaranteed
Loyalty Additions are added to the fund @ 3 % of the average fund value in the preceding three years.The fund value is
paid on maturity of the plan and in case of death of the insured during the tenure of the plan; the Sum Assured is
paid immediately.
If both lives die simultaneously, the Sum Assured
paid on first death, i.e. 125 % of the Single Premium plus higher of 10 times the Single Premium or the available fund value including any
loyalty additions or 105 % of all premiums
paid till death is payable.
The plan provides
loyalty additions which increases the fund value are is
paid to the beneficiary of the policy in case of demise of the life assured.
On maturation of the policy, the fund value plus the
Loyalty Additions is
paid as Maturity Benefit.
In
addition to this, the product also offers fund booster and
loyalty additions for
paying premium regularly and staying invested in the policy for 10 years and above.
In
addition, some policies offer a
loyalty addition, which is
paid alongwith the sum assured and is based on the term of the policy.
The
Loyalty Additions will be added for both Single
Pay and Limited
Pay policies.
The policy grants a «
loyalty»
addition, a percentage of one premium from the 6th year onwards, provided all premiums have been
paid up - to - date.
Loyalty Additions will be payable only on premium
paying policies.
Find out what is the plan's maturity and death benefit, does the plan
pay any bonus if it is a traditional insurance plan or is there a feature of
loyalty or guaranteed
additions in the unit linked policy, etc..
All you need to do is to ensure that you have
paid all your due premiums on time and your policy is active on the date of payment of
Loyalty Additions.
On maturity of the policy, the Fund Value (market value of the investment) plus guaranteed
loyalty addition as on the date of maturity is
paid.
It should be noted that the
Loyalty Additions are only payable in case of Regular
Pay variant.
Available fund value is
paid along with the
loyalty additions to the policyholder.
In case of revival of policies, the
Loyalty Additions for previous years will be
paid based on the Fund Value prevailing at the Revival Date.
After completion of 5 years of LIC Bima Bachat, the Sum Assured along with
Loyalty Addition, if any would be
paid as Death Benefit
If the Life Insured dies after the accumulation period but before 100 years of age, then the Sum Assured +
Loyalty Addition is
paid and the policy is terminated.
It also has guaranteed
loyalty additions that are payable only if the life insured is alive and all due premiums have been
paid.
Loyalty Additions will not be
paid for a Discontinued / Paid - up pol
paid for a Discontinued /
Paid - up pol
Paid - up policy.
If you stick with the plan and continue
paying your premiums on time, there are
loyalty benefits or
loyalty additions that you can receive.
Loyalty Additions are expressed as a percentage of the annual premiums or the single premium
paid and are added to the fund value on maturity if the plan term is for 11 - 30 years
Guaranteed
Loyalty Additions at 3 % of the average Fund Value over the last 3 years is
paid from the end of the 10th policy year and every 5 years thereafter.
Loyalty Addition - The policy provides profit in form of loyalty addition if the insured person has duly paid all the premiums till the date of demise or ma
Loyalty Addition - The policy provides profit in form of loyalty addition if the insured person has duly paid all the premiums till the date of demise or m
Addition - The policy provides profit in form of
loyalty addition if the insured person has duly paid all the premiums till the date of demise or ma
loyalty addition if the insured person has duly paid all the premiums till the date of demise or m
addition if the insured person has duly
paid all the premiums till the date of demise or maturity.
It is a non-participating money - back plan which promises
Loyalty Additions at the end of premium
paying term
Moreover, if you do not stay invested till the maturity of the policy, you will get no
loyalty additions, which are
paid out along with the maturity benefit (fund value) at the end of the policy.
The plan provides for
Loyalty Additions @ 3 % of the Single premium
paid if the chosen term is for 11 - 30 years and the premium
paid is Rs. 1 lakh and above
Loyalty Additions are
paid after specified intervals and are calculated as 1 % * average fund value on the first day over the last 24 months
Along with that, there are
loyalty additions which are
paid out at certain time intervals.
The Company shall allocate
Loyalty Additions to the Regular Premium Fund Value as percentage of one Annualized th th Premium at the end of every 5 policy year starting from the 10 policy year, provided all due regular premiums have been
paid up to date.
In case the premium (s) are un-paid and the policy is revived during the revival period by
paying all due premiums, the
Loyalty Additions due - but - not - allotted during the period the Policy was in Discontinuance will be added to the fund as on the date of revival.
There will not be any
Loyalty Additions for Top - up premium
paid.
Minimum death benefit is equal to 105 % of all premiums
paid till death plus
loyalty additions are added from the 6th policy year at 0.25 %.
Thus, LIC Bima Bachat is a traditional money back plan with scheduled payments along with return of single premium
paid plus
loyalty additions at the end of the policy tenure.