Sentences with phrase «total lump sum payout»
Total lump sum payout of Rs. 2,17,990 @ 8 % or Rs. 1,90,165 @ 4 % is payable.
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Total lump sum payout of Rs. 2,17,990 @ 8 % or Rs. 1,90,165 @ 4 %
Not exact matches
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
The policyholder can claim for a maximum of two contingent events and the total payout will be limited to 100 % of the Lump - sum Rider Sum Assured chosen at inception.
In a lump sum term insurance plan, the nominee receives the sum assured as a lump sum amount, that is, the total payout of sum assured at once and the policy terminates.
They now offer a variety of options, such as monthly instead of a one - time lump sum payout option to increase sum assured, premium waiver in case of critical illness or total and permanent disability, and cover for whole life.
There are term plans that provides a total payout of 148 % of the lump sum amount and a fixed monthly income of 0.4 % of the lump sum amount, payable over 10 years.
Thus, the total payout = Rs. 2.05 crores (Rs. 1 crore paid immediately + Rs. 1.75 lakhs for 60 months) In case of an accidental death of Sheetal, Ramesh will get an additional payout of Rs. 50 lakhs as lump sum.
Total benefit paid = Rs. 2.05 crores (Rs. 1 crore paid immediately + Rs. 1.75 lakhs for 60 months) In case of an accidental death of Ramesh, Sheetal will get an additional payout of Rs. 50 Lakhs as lump sum.
In case the life insured is diagnosed with a critical illness (from a list of pre-defined critical illness covered under this benefit), a lump sum total of the guaranteed annual payouts, proportional to the premiums received, is paid out immediately to help with the treatment and other expenses.
In case the life insured is diagnosed with a critical illness (from a list of pre-defined critical illness covered under this benefit), a lump sum total of the Guaranteed Annual Payouts, proportional to the premiums received, is paid out immediately to help with the treatment and other expenses.