Sentences with phrase «lump sum payout equal»
Once your policy matures, which is 5 years after your premium payment term, you will receive a lump sum payout equal to 50 % of the Sum Assured plus any declared Compounded Reversionary bonuses plus any Terminal Bonus, which is called the Maturity Benefit.
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The limited payment term is 10 years to suit your finances and one receives guaranteed lump sum payout equal to 55 % of the sum assured.
Offers lump sum payout equal to 50 % of sum assured in the event of a claim plus regular monthly income till your child turns 21 years.
Not exact matches
Your nominee also has an option to take the Death Benefit as a lump sum benefit which is equal to outstanding monthly payouts discounted at 6.25 % per annum compounded yearly.
Under the Aspiration option for Maturity Benefit payout, lump sum is paid on Maturity which is the Sum Assured and Guaranteed Additions where the total benefit received is equal to 125 % of the SA
Once you reach 80 years of age, you will receive another lump sum payment equal to 100 % of your Sum Assured which is called Extended Cover Payout
Death Benefit is equal to an immediate lump sum benefit plus Guaranteed Annual Payouts plus Guaranteed Sum Assured on maturity plus Bonuses are payable.