Sentences with phrase «policy tenure depends»
The Administration charges are either deducted on monthly basis on a fixed rate or vary through the policy tenure depending upon the insurance company.
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Each insurance policy is offered for a specific tenure at a cost called the premium, which varies depending on the frequency of payment.
The claim amount depends upon tenure, cause of death and status of policy.
Guaranteed Additions accrue under the plan for each completed policy year which depends up on the policy tenure.
Usually holding a policy till you retire is ideal, but you can increase or decrease the tenure depending on your needs.
Though the amount of premium depends on, if you are a smoker, how is your health history, sum assured and tenure of the policy, the premium of term plans are cheaper than other plans as there are no ancillary benefits attached to it.
The Sum Assured would also depend on the policy tenure, age and the monthly premium chosen.
The tenure of Life insurance policies depends on the type of plan you opt for.
The calculation of surrender value depends on various things like total tenure of the policy, number of premiums that you have paid, surrender charge applicable etc..
The commissions paid will depend on the tenure of the premium paying term (PPT) of the policy.
The minimum entry age is 7 years and maximum age of entry is 60, 58 or 54 years, depending on the tenure of the policy.
«While choosing a life insurance policy, one should consider their need, the type of policy and whether it suits their need, understand all terms and conditions of plan like cover amount, premium paying term, policy tenure and hence the date of maturity, tax benefits, flexibility etc. and not depend on claim settlement ratio alone,» says Deepak Yohannan, CEO, MyInsuranceClub.com.
The FAB depends on the quantum of sum assured and the policy tenure.
Also, the FAB rate depends on the quantum of Sum assured and policy tenure.