Sentences with phrase «total policy payouts»

Total policy payouts increased 8.73 per cent to Rs 1,21,986 crore for the period.

Not exact matches

In the year 2014 - 15, the life insurance companies had settled 8.51 lakh claims on individual policies, with a total payout of Rs 11,788.67 crore.

Under the second variant, a death benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your policy.

However, the ultimate total payout can only be $ 50k, instead of the expected $ 75,000; even though three people were injured, the policy is essentially limited to two.

After driving a car for many years, it may be more cost effective to lower the comprehensive and collision amounts on the vehicle if the payout in case of an accident will be less than the total amount you pay in premiums over the course of a policy year.

But the maximum payout under either policy is limited by the value of the car if it's totaled or stolen.

Surrendering refers to permanently withdrawn money from a policy, resulting in a smaller payout on maturation, or the discontinuation of the policy in exchange for its total value.

It represents the actual costs or expenses incurred due to the claim and make up the total payout the insurance company will make for the entire loss, per the policy wording.

A policy with a total payout of Rs. 1 crore for example, will have a premium of Rs. 3,259 for 20 years old as opposed to a premium of Rs. 20,333 for a 50 - year - old.

Survival Benefit - In case of survival of the policy term, you will receive your total premiums back In case of Lumpsum + Monthly Payouts

They have settled 8.60 lakh insurance claims on individual policies in the year 2016 - 17 with a total payout of Rs 13,850.62 crore.

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.

For example, if the main policy has a payout benefit of $ 250,000 with an AD&D rider for the same amount, the beneficiary receives a total of $ 500,000 for a qualified accidental death.

In the event of the untimely death of the life insured during the policy term, the total death sum assured is payable to the nominee as per the variants opted and payout option opted.

Additionally, as the policies with shorter tenors expire, total annual premium payout (under insurance ladder) will fall further.

On death of the life insured 100 % of the policy sum assured + 0.4 % of the policy Sum Assured per month for 10 years is paid (Total payout — 148 % of sum assured)

If the policy proceeds are not eligible for exemption under Section 10 (10D) of the Act and your total payout value (policy proceeds due to you from Exide Life Insurance) for a financial year exceeds Rs. 1 lakh, then the tax deductions will be as under:

Thus the total payout under the policy will be Rs. 1.696 crores (169.6 % of the sum assured of Rs. 1 crore).

This plan provides a lumpum payout payable immediately on death, followed by regular payouts in the form of Family Income Benefit and the total Fund Value at the end of the Policy Term.

The total payout that Sulekha will get under this policy is Rs. 1 crore (100 % of sum assured) + Rs. 48 lakhs (total monthly payout) = Rs. 1.48 crore which is 148 % of the sum assured of Rs. 1 crore.

For the financial year 2016 - 17, the life insurance companies collectively had settled 8.60 lakhs claims on individual policies, disbursing Rs 13,850.62 crore as total payout.

But the guaranteed «payout» at the policy's maturity might not be as robust as expected, with the total value ranging from as low as five - figures, to as high as low six figures.

The total payout into the policy would be $ 10,000 — divided up with $ 5,000 going to cash value, and multiplying to a total death benefit of $ 325,000.