Sentences with phrase «age of the policyholder»

Age of policy maturity is 25 - Age of the policyholder at an entry years.

Minimum and maximum age of the policyholder need to be 18 years and 75 years respectively.

This means that although the insurance will be priced according to the new attained age of the policyholder, the additional amount of insurance is guaranteed since no medical underwriting is required.

The policy term can vary from 10, 15, 20, 25 to 30 years, provided the maximum age of the policyholder is 75 years.

Mortality charges are deducted on a monthly basis and are based on various factors such as age of the policyholder, their health status, Life coverage amount, etc..

If age of policyholder is less than 55 years, then he can extend the deferment / accumulation period for another 5 years and remain invested without additional payment of premium

Low premium vis - à - vis age: - While issuing the policy, insurers consider the most nearest age of the policyholder.

In this case, the minimum entry age of policyholders can be less than 50 years of age and the minimum purchase price can be less than 1,00,000

For instance, one of the many factors that affect the cost of life insurance is the age of the policyholder.

In their Simplified Whole Life policy, their coverage benefit amount ranges from $ 25,000 to $ 50,000 depending on the age of the policyholder.

A fresh policy would again have a waiting period on pre-existing conditions, plus the premium rates would increase as it has a direct co-relation with the age of the policyholder and medical conditions undergone in the past.

On maturity, a Guaranteed Maturity Benefit is paid expressed as the Single Premium multiplied by the Guaranteed Maturity Factor where the factor depends on the age of the policyholder, amount of premium and the plan tenure chosen.

Under the Lifecycle based portfolio strategy, the premium will be initially distributed between two funds namely Multi Cap Growth Fund and Income Fund based on the age of the policyholder.

Lastly, the date of vesting can be further delayed provided the age of the policyholder is not more than 55 years.

The premium of a health insurance policy increases with the age of the policyholder.

Vesting Age: The age of the policyholder at which the insurance provider start giving payouts is known as the vesting age.

On death higher of 125 % or 110 % of the Single Premium paid depending on the age of the policyholder or the Guaranteed Maturity Benefit is paid

Under this Reliance retirement plan, deferment of vesting age is possible if the age of the policyholder is below 55 years

In case of death of the insured during the tenure of the plan, the death benefit will be payable which will be higher of the Sum Assured or 10/7 times the annual premium paid depending on the age of the policyholder or 105 % of all premiums paid till the date of death.

In case of death of the insured during the plan tenure, a death benefit which is higher of the minimum Sum Assured or 10 or 7 times the annual premium paid depending on the age of the policyholder is payable to the nominee subject to a minimum of 105 % of all premiums paid till the date of death

Under the second Age Based Strategy, there are three risk profiles of Aggressive, Moderate and Conservative and as chosen, the funds are invested in two funds namely Classic Opportunities Fund and Dynamic Bond Fund in a ratio depending on the age of the policyholder.

In case of death of the insured during the plan tenure, the Sum Assured is payable which should be a minimum of 125 % or 110 % of the single premium paid depending on the age of the policyholder.

In case of death of the insured during the tenure of the plan, the Sum Assured is payable which should be a minimum of 125 % or 110 % of the single premium paid depending on the age of the policyholder.

Under the Classic Waiver option, the death benefit will be higher of the Sum Assured on Maturity or 10 / 7 times the annual premium depending on the age of the policyholder or 105 % of all premiums paid till the date of death.

Under the Classic option, the death benefit will be higher of the Sum Assured on Maturity or 10 / 7 times the annual premium depending on the age of the policyholder or 105 % of all premiums paid till the date of death.

There are 2 Investment strategies: Fixed Portfolio Strategy where there is a choice of 8 funds for investment purposes and Lifecycle based Portfolio Strategy where the investment choice depends on the age of the policyholder

Between the two fund options i.e. Multi Cap Growth Fund and Income Fund, the investment is divided equally depending on the age of the policyholder.

On death or disability of the policyholder within the term, a lump sum death benefit will be paid which will be a multiple of the Single or Annual Premium paid depending on the age of the policyholder.

Also, there are plans that decide the premium amount depending on the age of the policyholder providing a cheaper policy to a younger customer.

The advantage of term insurance is that even though premiums increase with the age of the policyholder, they are still cheaper than permanent life insurance.

Depending on the age of the policyholder, they can easily select the amount that they want to pay on a monthly basis.

Under the Lifecycle based Portfolio Strategy, the investment is split in a fixed ratio between the Multi Cap Growth Fund and Income Fund depending on the age of the policyholder.

Lifecycle Based Portfolio Strategy - Under this strategy, the investment choice is offered depending on the age of the policyholder.

Premium depends on the age of the policyholder and majorly on the coverage that policyholder opts.

Some premiums on renewal may change due to a change in the age of the policyholder, like in the case of the Energy Health Insurance Plan by Apollo Munich Insurance.

Two investment strategies are offered under this plan - Fixed Portfolio Strategy, where there is a choice of 8 funds for investment purposes and Lifecycle based Portfolio Strategy where the investment choice depends on the age of the policyholder.

2) Lifecycle based Portfolio Strategy where the investment choice depends on the age of the policyholder.

Pre-medical test would be based on the age of the policyholder, sum insured opted and the adverse health declaration on the proposal form.

However, every time the policy is renewed, the premiums can increase to reflect the age of the policyholder.

The user needs to pay a small premium once, and they get to leverage its maturity benefit which depends on the age of the policyholder at the time of taking up the policy.

As the death benefit the death Sum Assured is paid which is higher of the maturity Sum Assured or 10 or 7 times the premium payable yearly depending on the age of the policyholder.

According to the plan, the policyholder receives an assured annual income as Maturity Benefit and an additional benefit of up to 4.5 times the annual premium, depending on the age of the policyholder.

The insurer increases the premium rate depending upon the age of the policyholder.

SA on death is expressed as 7 or 10 times the annual premium paid depending on the age of the policyholder

The term varies depending on the age of the policyholder.

Therefore, as the age of the policyholder increases, the premium of YRT policies will increase as well.

The amount of the loan is decided based on the age of the policyholder when the policy was started.

In contrast, the premiums of LPT policies remain uniform, regardless of the age of the policyholder.