Sentences with phrase «when age of the life insured»

When age of the life insured is 35 to 44 years, sum assured available is 11/15 times the annualized premium.

Not exact matches

When the insured is age 70 — or at the end of the guaranteed period of level - premium — whichever occurs first, the insured is allowed to convert the level term life insurance policy over into a whole life insurance or a universal life insurance plan.

This convertible term insurance can be made of use when the person insured is still at a young age where the insurance could still cater for small expense and premature death but as time comes everyone gets older, this convertible term insurance might not be enough to cater the long term needs of the insured so it is of best interest that the policy holder should convert their policy to a more permanent type of insurance such as Universal Life.

An additional important detail is that when the person insured is a minor, the life insurance policy is generally owned by the purchasing adult until the child reaches the age of majority as defined by state law.

In a typical life insurance situation, your age, your health, and your lifestyle are big determinants of how long you are likely to live — and when they are all combined, these criteria can help the life insurance company to predict whether it may need to pay out a death benefit claim while you are insured.

When the child / insured turns age 18, the amount of the life insurance protection automatically doubles — and, if the premium is paid, the child can continue to keep the policy into adulthood, regardless of age or health condition.

Whole life insurance began as a «term to age 100» life insurance product in response to market demands for an insurance policy that would remain in force for as long as the insured was still alive and that would provide some type of guarantee of benefits when the insured finally did pass away.

When the initial «term» of a term life insurance plan ends and the policy holder opts to renew his or her coverage, the new policy will be underwritten at the then - current age and health condition of the insured.

A number of different risk factors go into determining how much you will need to pay for auto insurance.Gender, age, occupation, driving record, type of vehicle, and where you live are just some of the factors considered when obtaining auto insurance quotes.Based on past accident and theft statistics, insurance companies use these factors to determine the probability that you will file a claim.For example, if you have a clean driving record with no speeding tickets, insurance companies feel like you are less likely to have an accident.Therefore, your auto insurance quote will be lower than someone who has one or more speeding tickets.In the same turn, it costs more to insure types of vehicles that are prone to accidents and theft.

The cost per $ 1,000 of benefit increases as the insured person ages, and it obviously gets very high when the insured lives to 80 and beyond.

When the insured is age 70 — or at the end of the guaranteed period of level - premium — whichever occurs first, the insured is allowed to convert the level term life insurance policy over into a whole life insurance or a universal life insurance plan.

An indeterminate premium whole life insurance policy will also endow when the insured reaches the age of 100.

It may happen that the premium applicable when the life insured is older may be too high for him to pay and a policy lapse due to non-payment of premium would leave him without insurance cover at an age when he needs it most.

Most endowment plans will offer insurance coverage and the promise of benefits even after the maturity date, in some cases up to a time when the life insured attains the age of 100

In case of demise of the life insured when the dependent is alive 20 % of the sum assured + guaranteed bonus + terminal bonus if any is paid to the nominee as lump - sum amount and the rest 80 % of the sum assured is utilized to pay annuity for 15 years and life thereafter depending upon the age of the handicapped dependent.

The Sum Assured on maturity is subject to one's age when the life was insured and is payable only on one's survival at the end of the policy term.

Make unlimited partial withdrawals from your fund for supporting emergency situations, at any time after the completion of 5 policy years or when life insured attains the age of 18, whichever is later, subject to a minimum partial withdrawal amount of Rs. 5,000

Fund your emergency requirements by making unlimited partial withdrawals from your fund at any time after the completion of 5 policy years or when life insured attains the age of 18, whichever is later, subject to a minimum partial withdrawal amount of Rs. 5,000

For all those emergency situations, avail the facility of making unlimited partial withdrawals from your fund, any time after the completion of 5 policy years or when life insured attains the age of 18, whichever is later, subject to a minimum partial withdrawal amount of Rs. 5,000

Make unlimited partial withdrawals from your fund, any time after completion of 5 policy years or when life insured attains the age of 18, whichever is later, subject to a minimum partial withdrawal amount of Rs. 5,000

An endowment life insurance policy is a form of insurance that «matures» after a certain length of time, typically 10, 15 or 20 years past the policy's purchase date, or when the insured reaches a specific age.

Death Sum Assured amount is higher of basic sum assured, maturity sum assured, 105 % of all the premiums paid (till the date of death), or 10 times the annualized premium if life insured is less than 45 years of age (7 times when 45 years & above).

As with other forms of life insurance, premiums are calculated depending on the age and gender of the potential insured, so the older you are when buying funeral insurance, the more expensive the premiums become.

Many life insurance policies expire at the age of 80, leaving the insured without final expense insurance when they need it the most.

Guaranteed Lump Sum Benefit (GLB) is a survival benefit payable only upon the survival of the life insured at the end of the Premium Paying Term and at the end of policy year when Life Insured attains age 75 and is equal to Sum Assured on Maturlife insured at the end of the Premium Paying Term and at the end of policy year when Life Insured attains age 75 and is equal to Sum Assured on Mainsured at the end of the Premium Paying Term and at the end of policy year when Life Insured attains age 75 and is equal to Sum Assured on MaturLife Insured attains age 75 and is equal to Sum Assured on MaInsured attains age 75 and is equal to Sum Assured on Maturity.

It is payable on death or at the end of policy year when Life Insured attains age 75, whichever is earlier.

Till the end of PPT: Sum Assured on Death Plus accrued Reversionary Bonus (RB1) After the end of PPT till end of policy year when Life Insured attains age 75 years: Sum Assured on Death Plus accrued Reversionary Bonus (RB2) After attaining age 75 years: Sum Assured on Death.