Sentences with phrase «addition bonus»
The phrase "addition bonus" means getting extra or additional benefits or rewards on top of what you already have or receive. Full definition
When the policy matures, the child would receive the remaining 15 % of the sum assured along with final addition bonus, if any.
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Can you explain me the what will be returns, interest, bonus, final addition bonus.
The policy has participation in the profits of LIC and offers Reversionary Bonus and Final Addition Bonus if there are any.
Eligible for bonus and Final Addition bonus declared by LIC.
Sum assured + Simple Reversionary Bonus + Final Addition Bonus as maturity.
Addition bonus features include four deleted scenes with a total running time of more than five minutes and the music video for the song «I Will Not Bow» by rockers Breaking Benjamin.
I participate in the IHG Rewards Club loyalty program and at check - in I was offered addition bonus points or free bottles of water.
The endowment type is such where maturity benefit includes: Sum assured, Bonus and the final addition bonus which is paid at the end of the term.
The Simple Reversionary Bonus and Final Addition Bonus starts from 6th year onwards till the end.
This policy may eligible for Final Addition bonus after certain number of years.
If the policyholder survives till the end of the policy tenure then the sum quoted along with the simple reversionary bonus and final addition bonus if any will be given to the insured person as the benefits of maturity of the policy.
3) is there any loyalty addition or Final addition bonus declared by LIC
In case of death during policy term (Before 20 years), Death Sum Assured + Bonus + Final Addition Bonus as (Normal Life Cover or death claim) will be payable to nominee.
If the insured person survives the tenure of the policy, he / she would be paid Sum Assured + accrued Reversionary Bonus + Final Addition Bonus (if any) under the maturity benefits and the policy terminates there and then.
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.
Final Addition Bonus may be declared at end of the LIC single premium policy tenure if a policyholder has paid all his or her premiums on time.
Bonus: This policy participates in the bonuses of the company and the policy accrues simple Reversionary Bonus and Final Addition Bonus, if any
In LIC endowment plan, generally, Final Addition Bonus is applicable in case of policy having term greater than 15 years while PLI does not have final addition bonus.
If an insured person survives the policy term, he / she will be entitled to the maturity benefit that is, Sum Assured along with vested Simple Reversionary Bonus + Final Addition Bonus.
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
In case of death during policy term (Before 25 years), Sum Assured + Bonus + Final Addition Bonus (Normal Life Cover) will be paid to nominee.
In case of accidental death, additional amount equal to Sum Assured along with Sum Assured + Bonus + Final Addition Bonus (Accidental Life Cover) will be paid to nominee.
If death happens during the policy term (Before 25 years), 125 % of Sum Assured + Bonus + Final Addition Bonus (FAB) is paid to nominee and it is indicated as Normal Life Cover.
If death happens during the policy term (Before 21 years), Sum Assured + Bonus + Final Addition Bonus (FAB) will paid to nominee and it is indicated as Normal Life Cover.
On maturity, the policyholder will get Basic Sum Assured plus vested Simple Reversionary Bonus plus Final Addition Bonus.
Final Addition Bonus may also be payable provided the policy has run for certain minimum period.
So, we need calculate returns with Rs. 16,409 not with Rs. 19,409 / - Maturity amount he got on date from LIC is Rs. 14,94,500 / -(5,00,000 (actual sum assured) + 9,94,500 (Total bonus of 25 years & Final addition bonus)-RRB-
Final Addition Bonus is also payable if premium has been paid for at least 17 years.
Sum Assured + Simple Reversionary Bonus + Final Addition Bonus (if any) if all due premiums have been paid.
At the maturity of the policy, the insured will get Sum Assured + accrued Reversionary Bonus + Final Addition Bonus (if any)
ON MATURITY: Sum Assured + Simple Reversionary Bonus + Final Addition Bonus will be payable as maturity amount.
ON DEATH: If insured dies during the the policy term his / her nominee will get 125 % of the basic sum assured or 10 times the annual premium (whichever is higher) + simple revisionary bonus and final addition bonus (if any).
MATURITY BENEFIT: End of the policy term (20th year) insured will get 40 % of basic sum assured along with vested simple revisionary bonuses and final addition bonus (if any) as a maturity benefit.
ON DEATH: If insured dies during the policy term his / her nominee will get 125 % of the basic sum assured or 10 times the annual premium (whichever is higher) + ssimple revisionary bonus and final addition bonus (if any).
ON DEATH: In case of death of policy holder during policy term, 10 % of Sum Assured will be provided to nominee every year till one year prior to maturity, and On maturity, 110 % of Sum Assured + Simple Reversionary Bonus + Final Addition Bonus will be payable as maturity amount.
The Sum Assured along with vested Simple Reversionary Bonus + Final Addition Bonus would be paid to the Life Insured on survival till the end of the Policy Tenure as Maturity Benefit.
If I have talen this plan in 2016 and I die in 2017 or 18 so shall I eligible for Final Addition bonus.
Final Addition Bonus (FAB) or terminal bonus is second type of bonus which is given to policy holders by insurance company from its earned profit.
On completion of policy term, Sum Assured + Bonus + Final Addition Bonus (FAB) will be paid as maturity.
But, as per details above in this page «In case of death during policy term (Before 25 years), Sum Assured + Bonus + Final Addition Bonus (Normal Life Cover) will be paid to nominee».
In case of maturity or death claim under endowment plans, total vested bonus is sum of simple reversionary bonus + Final Addition Bonus.
In case of death during policy term of the plan, Sum Assured Along With Bonus and Final Addition Bonus Will Be Paid to the Nominee.