Sentences with phrase «accumulates simple reversionary bonuses»

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.

The benefit is payable at the rate of 25 % of the Basic Sum Assured chosen by the policyholder and 25 % of the accumulated Simple Reversionary Bonuses.

Not exact matches

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 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 choice

As a with - profit endowment assurance plan the policy accumulate profit made by LIC through the final additional bonus and simple reversionary bonus and these add - on bonuses are paid out at the termination of the maturity period.

Simple reversionary bonus is declared on a yearly basis and the bonus amount accumulated will be paid on maturity of the policy.