Sentences with phrase «age of the insured»

Fact: Insurance needs actually differ from one person to another and it widely depends on age of insured, number of dependents, and lifestyle expenses of dependents.

Is that there is no cap on the entry age of the insured person, which is usually near 70 years of age.

Saving age is commonly used to make the insurance age of the insured at policy issue lower than it actually is in an effort to receive a lower premium.

As age of the insured increases, mortality cost per thousand dollars of net amount of risk increases.

Policy renewal option is available till 90 years of age of the insured.

The mortality charges are fixed as per entry age of the insured.

This is due in large part to the older age of the insured.

Every time the policy is renewed, the premium increases to the amount for the attained age of the insured at that time.

At the end of each one year period, the policy can be maintained but the premiums will increase to reflect the new age of the insured.

The maturity age (age of the insured when the plan matures) under these plans is either 99 years or 100 years.

The maximum age of insured should be of 75 years at the end of policy term.

Variable minimum premium for plan 2: Depends on age of the insured, premium and policy term..

Age of insured person should be between 5 and 70 years.

As the time passed and age of insured increases; it would decrease the policy term.

Depends on the sum assured, fund value, all premiums paid and age of the insured at the time of death.

Ten times annual premiums if the entry age of the insured is below the age of 45 years.

For instance, they must know how premium changes based on different sum assured and according to age of the insured individual holding a LIC single premium policy, and what is sample premium for every increase of say Rs. 1000 in Sum Assured for different LIC single premium policy periods, and so on.

If you renew (if the policy has that feature), it will renew at a higher price reflecting the current age of the insured person.

The premium rate is shown varying with the different age of the insured and the different term of the chosen LIC term plan.

It stays in effect for a specified period usually 10 to 30 years (often in five - year increments) or until a certain age of the insured.

Nonetheless, the vehicle owner can drastically reduce the premium rates if they have a comparatively clean record of their driving history and have fewer accidents reported, while factors like age of the insured can not be controlled.

If avg age of the insured under these policies is 95 for instance we are looking at chances around 30 % more.

Original Age Term Conversion With some term policies that can be converted to permanent coverage, the company agrees to set the premium rate for the permanent coverage at the original age of the insured.

In term life policies, coverage is for a contracted period of time, usually a set number of years or to a specfic age of the insured.

Insurers generally use the nearest age or last age of the insured to determine the insured's age as of the issuance date.

* Age Last Birthday, Base Sum Assured = Annual Premium x Sum Assured Multiple, The sum assured multiple is dependant Age of the insured and the Tenure of the Policy.

Endowment: In life insurance, a contract which provides for the payment of the face amount at the end of a fixed period, or at a specified age of the insured, or at the death of the insured before the end of the stated period.

The principal investment shall depend on the vestment age of the insured.

where (unlike in a term life insurance) the premium amount remains constant despite the advancing age of the insured.

Minimum variable premium for Aviva Corporate Life Plus is Not Mentioned and minimum variable premium for IDBI Federal Loansurance Group Insurance Plan is Depends on age of the insured, policy term, gender and sum assured..

The policy can be converted into an Endowment Assurance Policy after completion of one year and before 57 years of age of the insured.

Duration of the trip is over 60 days and age of the insured person is over 70 years visiting countries excluding USA or Canada.

Backdating is commonly used to make the insurance age of the insured at policy issue lower than it actually is in an effort to receive a lower premium.

Attained Age The current age of the insured as measured from the age at the time the policy was issued.

Under the LIC online term plan, the premium rate is shown varying with the different age of the insured and the different term of the plan chosen and is for the aggregate category which includes smokers.

This is based primarily on the older age of the insured at that time).

This is usually a term life insurance policy that allows the owner to convert the policy to a permanent life insurance policy within a specified period of time or by a certain age of the insured.

Paid - Up Additional Insurance Paid - up additional insurance is also referred to the option of the policyholder to use the dividends or the additional premiums to purchase an additional insurance within the same plan having the amount determine through the attained age of the insured.

So, premiums for 5 - year renewable term can be level for 5 years, then to a new rate reflecting the new age of the insured, and so on every five years.

The maturity age (age of the insured when the plan matures) under these plans is either

The guaranteed maturity sum assured on this plan depends on the single premium amount and the entry age of the insured.

The face amount of the coverage can range between a minimum of $ 100,000 up to $ 30 million — depending on the age of the insured at the time of application.

Besides income, the maximum issue limits for disability insurance also depend on the occupation class and age of the insured.

In some states, there are discounts based on the age of the insured, as well.

The premium rate is normally based on the age of the insured at the time of the conversion.

(3) Subsection (4) applies if an insured person is under the age of 16 years at the time of the accident and none of the Glasgow Coma Scale, the Glasgow Outcome Scale or the American Medical Association's Guides to the Evaluation of Permanent Impairment, 4th edition, 1993, referred to in clause (2)(d), (e) or (f) can be applied by reason of the age of the insured person.

(1.3) Subsection (1.4) applies if an insured person is under the age of 16 years at the time of the accident and none of the Glasgow Coma Scale, the Glasgow Outcome Scale or the American Medical Association's Guides to the Evaluation of Permanent Impairment, 4th edition, 1993, referred to in clause (1.2)(e), (f) or (g) can be applied by reason of the age of the insured person.