Sentences with phrase «simple reversionary bonus in»
Under this plan, Simple Reversionary Bonus in announced every year by LIC.
https://www.personalfinanceplan.in/ Not exact matches
Maturity Benefit — In case the policy holder survives the entire tenure of the policy then he / she will be liable to avail maturity benefit as final instalment of survival benefit along with terminal bonus plus vested simple reversionary bonus.
Death Benefit - In case of uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus if any.
Under this LIC child plan, in case of death post the deferment period, the Sum Assured on death which is higher of 125 % of the chosen Sum Assured or 10 times the annual premium, vested simple reversionary bonuses and a Final Additional Bonus, if any, is paid subject to a minimum of 105 % of all premiums paid till the date of death
Under this LIC child plan, in case of death post the deferment period, the Sum Assured on death which is higher of the chosen Sum Assured or 10 times the annual premium, vested simple reversionary bonuses and a Final Additional Bonus, if any, is paid, subject to a minimum of 105 % of all premiums paid till the date of death
In case the insured dies after the completion of first 5 years of the policy, the nominee of the policy receives the basic sum assured + accrued guarantee addition + simple reversionary bonus + final reversionary bonus (if any), which can be paid as a lump - sum or as an annuity, or as a combination of two.
In case of plan maturity, the Sum Assured on maturity and the vested simple reversionary bonuses with any Terminal Bonus is payable
The plan accumulates simple reversionary bonuses by participating in the profit of the company and final addition bonus is declared on the basis of the experience of the company.
Death Benefit: In case of the demise of the insured person the beneficiary of policy LC Jeevan Anand is payable of total sum assured amount along with the simple reversionary bonus and the tenure of the policy continues to be inforce.
Maturity Benefit: in case the life insured survives the entire tenure of the policy then a basic sum assured amount along with the accrued bonus or simple reversionary bonus is paid to the insured as maturity benefit after the completion of whole policy year.
For example, whether it is cash bonus and the options allowed with it or in the case of reversionary bonus you may want to check if it is simple or compounded.
Vesting Benefits If the insured survives and the policy is in - force till Vesting Date, the Vesting Benefit shall be: Base Sum Assured + Accrued Simple Reversionary Bonus + Terminal Bonus, if any.
In addition to Simple Reversionary Bonuses, the Company may also declare Terminal Bonus from year five onwards.
In the event of the unfortunate death of the Life Assured, the nominee shall receive Sum Assured on Death (as described below) plus the accrued Simple Reversionary Bonuses plus Terminal Bonus, if any, subject to 105 % of all premiums paid as on date of death and the Policy shall terminate.
In case of survival till the policy end, one will get Basic Sum Assured + vested Simple Reversionary Bonuses + Final Additional Bonus, if any as maturity benefit.
This plan offers basic sum assured along with accumulated non-guaranteed simple annual reversionary bonuses plus non-guaranteed terminal bonus to the nominee in case of death of the insured within the tenure of the policy
In case of sudden death during the policy premium paying term, his / her family or nominee will get «Sum assured on Death» + vested Simple Reversionary Bonuses + Final Additional Bonus, if any as Death benefits.
In the case of the demise of the policyholder, the policy must continue to take part in the profits up to the maturity date and the entire fixed Final Additional Bonus and Simple Reversionary Bonus, if any, must be payable on the maturity due datIn the case of the demise of the policyholder, the policy must continue to take part in the profits up to the maturity date and the entire fixed Final Additional Bonus and Simple Reversionary Bonus, if any, must be payable on the maturity due datin the profits up to the maturity date and the entire fixed Final Additional Bonus and Simple Reversionary Bonus, if any, must be payable on the maturity due date.
In case of death post the first 5 years, the chosen Sum Assured under the LIC pension plan including the accumulated Guaranteed Additions, Simple Reversionary Bonuses and Final Additional Bonus, if any till the date of death is payable to the nominee who can avail the death benefit whether in lump sum or annuity or partly in lump sum and partly in annuity depending on his choiIn case of death post the first 5 years, the chosen Sum Assured under the LIC pension plan including the accumulated Guaranteed Additions, Simple Reversionary Bonuses and Final Additional Bonus, if any till the date of death is payable to the nominee who can avail the death benefit whether in lump sum or annuity or partly in lump sum and partly in annuity depending on his choiin lump sum or annuity or partly in lump sum and partly in annuity depending on his choiin lump sum and partly in annuity depending on his choiin annuity depending on his choice
Bonus: This policy participates in the bonuses of the company and the policy accrues Simple Reversionary Bonuses and Final Additionabonuses of the company and the policy accrues Simple Reversionary Bonuses and Final AdditionaBonuses and Final Additional Bonus
The maximum maturity age as per the plan is 75 years If the policyholder survives till the maturity of the policy, then he would be entitled to the basic Sum Assured in addition to simple reversionary bonuses and Final Additional bonus (if any).
This policy participates in the profits of LIC and offers simple Reversionary Bonus and Final Additional Bonus, if any
On death after the first five years, basic Sum Assured + accrued Guaranteed Additions + vested Simple Reversionary Bonuses and Final Additional Bonus, if any is paid either in lump sum or in annuity or partly in lump sum and partly in annuity.
Bonus: This policy participates in the bonuses of the company and the policy accrues simple Reversionary Bonus and Final Addition Bonus, if any
In case of demise of the policyholder during the term of the policy, then the death benefit which is equal to the summation of «Sum Assured on Death», Simple Reversionary Bonuses, and Final Additional bonus (if any) will be given to the beneficiary.
The fixed Final Additional Bonus and the Simple Reversionary Bonuses, if any, contained in the Death Benefit must be payable on the maturity due date.
On Maturity, the Sum Assured with accrued Simple Reversionary Bonus and terminal bonus is paid in the form of annuity either immediately or it can be deferred to purchase a Single Premium Deferred Annuity Bonus and terminal bonus is paid in the form of annuity either immediately or it can be deferred to purchase a Single Premium Deferred Annuity bonus is paid in the form of annuity either immediately or it can be deferred to purchase a Single Premium Deferred Annuity plan.
The bonus amounts in this plan do not increase the sum assured (being simple reversionary bonus and not compound reversionary bonus)
Basic Sum Assured + (Vested Simple Reversionary Bonuses + Terminal bonus (if any)-RRB- is paid after the completion of the endowment term, provided SBI Shubh Nivesh policy is still in force
Basic Sum Assured + (Vested Simple Reversionary Bonuses + Terminal bonus (if any)-RRB- is paid after completion of the endowment term, provided SBI Shubh Nivesh policy is still in force
If the policyholder has paid all the premiums that is the full amount and survives till the end term of the policy than the Maturity Benefit will be included in the Sum quoted on the maturity plus the vested Simple reversionary benefits and the Final Additional Bonus if any is there will be added.
God forbid, in the unfortunate event of your demise during the policy coverage period, your nominee would be paid ten times the annualized premium or 125 % of the Basic Sum Assured along with simple vested reversionary bonuses and additional final bonus.
Participation in Profits benefit: This plan is eligible to participate in corporation's profits and receive Simple Reversionary Bonuses or any final additional bonus when a claim is made either by death or maturity provided the policy is active.
Benefit on Vesting would be provided under the policy in full force, on vesting an amount equal to the Basic Sum Assured along with accrued Guaranteed Additions, vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be made available to the Life Assured.
In addition to the above, vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall also be payable.
If Mr. Ashish survives as said in the first case, then he gets the maturity benefit as follows: Maturity Benefit = Sum Assured on maturity + Vested simple Reversionary Bonus + Final Additional Bonus.
The policy gives out Simple Reversionary Bonuses and final additional bonus declared as per the experience of the Corporation, provided the policy is in full force.
Maturity Benefit: The Basic Sum Assured, along with the vested simple reversionary bonuses and Final Additional bonus, if any, shall be payable in lump sum on Survival to the end of the policy term provided all due premiums have been paid.
In case the insured dies post deferment period, the sum assured that is the higher of chosen sum assured or 10 times the annual premium, vested simple reversionary bonuses and final addition bonus, if any shall be paid, subject to a minimum of 105 % of all premiums paid till the date of death
Under this benefit, in case the holder of the policy dies within the term of the policy than the sum assured on death plus simple reversionary bonuses and the Final Additional Bonus is there then it will be given.
The benefit illustration given in this example is based on simple reversionary bonus declared for 2015 - 16 (Latest).
In the event of death of the life insured before the date of maturity, but after the date of commencement of risk, Sum Assured on Death plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable to the nominee.
In the event of demise of Mr. Raman during any policy year, Rs 2 Lacs plus vested Simple Reversionary Bonuses and Final Additional bonus is payable as the death benefit to the nominee.
Scenario B: Raman dies during the Term of the Policy In the event of demise of Mr. Raman during the 8th policy term, Rs 1,00,000 plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable to the nominee.
Death Benefit: In case of death of the insured before the completion of the tenure of the insurance plan, the nominee would get Sum Assured on Death + Vested simple reversionary Bonuses + Final Additional Bonus (if any).
In the event of death of the policy holder during the policy term, the policy holder gets the sum of Sum Assured, vested Simple Reversionary Bonus and Final Additional Bonus, if any.
a) Death Benefit: In case of death of insured before the completion of tenure of the insurance plan, nominee would get Sum Assured on Death + Vested simple reversionary Bonuses + Final Additional Bonus (if any).
Base Sum Assured + Simple Reversionary Bonus (announced every year) + Final Additional Bonus (applicable in the year of death)
In addition, the surrender value of any vested Simple Reversionary Bonuses, if any, shall also be payable, which is equal to accrued bonuses multiplied by the surrender value factor applicable to accrued bBonuses, if any, shall also be payable, which is equal to accrued bonuses multiplied by the surrender value factor applicable to accrued bbonuses multiplied by the surrender value factor applicable to accrued bonusesbonuses.
In the event of death of the life insured before the date of maturity, the Death Benefit payable is Sum Assured on Death plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable to the nominee, provided the policy is in - forcIn the event of death of the life insured before the date of maturity, the Death Benefit payable is Sum Assured on Death plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable to the nominee, provided the policy is in - forcin - force.