Sentences with phrase «amount of premiums payable»

It is similar to the universal life policy but the insurer determines the total amount of premiums payable.

The best way to buy protection against such financial loss is to buy an insurance policy for an earning member of the family such that the risk cover (or sum assured) is as high as possible for the lowest amount of premium payable.

It is the sum assured that determines the amount of premium payable by the policyholder to the insurer.

Car owners can also request higher deductibles on the amount of premium payable before making a claim to lower car insurance rates.

* Annualized Premium is the amount of premium payable in the annual mode that excludes extra premium, rider premium, and all applicable taxes, cesses, and levies as imposed by the Government if any.

* Annualized Premium is the amount of premium payable in annual mode that excludes extra premium, rider premium, and all applicable taxes, cesses and levies as imposed by the Government if any.

The amount of premium payable is determined primarily by the amount of life insurance purchased and the risk factors (age, medical history, etc) of the person to be insured under the policy.

Not exact matches

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have been paid.

Suicide Clause: A life insurance policy provision that states if the insured dies by suicide within a certain period of time from the date of issue (usually two years) the amount payable would be limited to the total premiums paid minus any policy loans or outstanding premiums.

Debit interest expense by the difference of the interest payment and the premium amortization, credit cash by the interest payment amount and debit premium on bonds payable by the amortization amount.

If you borrow against an existing policy to pay premiums on a new policy, death benefits payable under your existing policy will be reduced by the amount of any unpaid loan, including unpaid interest.

(a) deduct the prescribed amount from the remuneration as or on account of the employee's premium payable by that insured person under section 67 for any period for which the remuneration is paid; and

● There is a stepped premium in four stages so that the amount of premium potentially payable will depend on when the case is settled.

Suicide Clause: A life insurance policy provision that states if the insured dies by suicide within a certain period of time from the date of issue (usually two years) the amount payable would be limited to the total premiums paid minus any policy loans or outstanding premiums.

The graded death benefit feature limits the amount of death benefits payable in the early years to return of premiums with interest.

If the insured dies unexpectedly, an amount that is higher of fund value or equal to 105 % of all premiums paid is payable.

10 times of single premium paid (excluding Service Tax) + Loyalty Addition is payable as death claim amount, in case of death of the policy holder before completing 15 years or the maturity date of the policy.

The death benefit payable will be the amount higher of the Sum Assured or 10 times the annual premium or 105 % of total premiums paid till the date of death for regular premium payment option and higher of Sum Assured or 125 % of the Single Premium paid under the Single Premium payment option.

It usually ranges from 10 % to 50 % and can save a substantial amount of money on the premium payable for your auto insurance.

The amount of additional premium paid over and above the Regular / Limited Premium payable under this Policy

On death higher of 10 times the annual premium or 105 % of all premiums paid or Minimum Guaranteed SA on Maturity or absolute amount assured to be paid on death is payable

In case of demise of the life assured, before the date of commencement of risk, the premium amount excluding the extra premium, taxes and rider premium (if any) is payable to the beneficiary of the policy.

With both life insurance and key man life, there is a policy owner who makes premium payments to a life insurance company for the guarantee a specified amount of money, referred to as the death benefit, will be payable to the beneficiary.

In case of «Whole Life Plan'the policy holder is obliged to pay a fixed amount of premium on a regular basis till the term of the policy, failing which will cease the death benefit payable under the policy.

Taxes and Levies as applicable will be charged and payable by you by any method including by levy of an additional monetary amount in addition to premium and / or charges.

Sum Assured - The amount of money that is payable to the nominee in case of the unfortunate event of death of the insured is equal to 25 times the single premium paid

Going for a longer term is better as the amount paid as premium gets locked which will be a stable amount payable for the entire tenure to provide a cover of the same amount.

If the life assured commits suicide within 12 months from the date of revival of policy, the policy shall terminate and an amount which is higher of 80 % of premiums paid till date of death will be payable.

Joint Life Annuity for life with return of premium (ROP) payable on the death of the last survivor, which enables the annuitants to receive a pre-decided, fixed, guaranteed amount, provided at least one of the annuitants is alive.

Cancellation of Policy and refund of premium is allowed under this provision, whereby the amount payable on such cancellation will be equal to the total premium paid less a proportionate cost of insurance for the period of cover and expenses towards Policy stamp duty and medical examination, if any.

Single Life Annuity for life with return of premium (ROP) payable on death, which enables you to receive a pre-decided, fixed, guaranteed amount throughout your life, and when you are not around, 100 % of the purchase price (excluding all taxes and cesses) will be paid to your nominee

If death occurs due to suicide within 12 months of the inception or revival of the policy then only 80 % of the premium amount is payable back to the nominee

The death benefit which is payable under this HDFC pension plan will be the amount which will be higher among the fund value on the date of death or 105 % of premiums paid till death

The single premium payable shall depend on the chosen amount of maturity sum assured and age of the life assured.

What are the minimum and maximum amounts of annual premium payable in favor of Aviva Next Innings Pension Plan?

In the major stage, after subtracting the amount of the previous claims, 100 % of the claims would be paid and all other further payable premiums will be waived off.

In life insurance, the premium amount payable is deductible from taxable income up to a maximum amount of Rs. 1 lakh under section 80C.

The amount which is higher of the following three are payable as the death benefit — 1) the maturity benefit, 2) 10times of annual premium.

On death of the insured, higher of the fund value or 105 % of all premiums paid or total premiums compounded at 0.5 % - 3 % depending on the risk profile chosen, is payable to the nominee who can withdraw the entire amount or use the amount to avail annuity from the company

On death during the policy term higher of 10 times the annual premium or 125 % of annual premiums paid till death or lumps sum amount payable on maturity

Option 3 — in case of Mr. Sharma's death during the plan term, higher of the Sum Assured on Maturity, 105 % of premiums paid till death, 10 times the annual premium or absolute amount assured payable on death is paid to the nominee.

The basic features of this policy are: ● Fixed minimum basic sum assured ● Death benefit is higher of 10 times the annualized premium or absolute amount assured ● On maturity, sum assured and bonus is payable ● The death benefit amount is tax - free

The premium payable amount of the Jeevan Sangam Plan depends upon the age of the policyholder, the maturity sum assured amount selected and needs which change from time to time The plan is also providing a death benefit that would be ten times of the tabular single premium along with some loyalty addition.

The premium amount payable increases with age of policy holders, generally above 45 years of age, as above this age risk factors increase.

The amount payable will be the total of premiums paid / total number payable yet x Sum Assured on Death.

The death benefit payable under the plan is equal to 2.5 times the amount of this premium payment.

«Maturity Paid - up Sum Assured» after the maturity which will be (the total of premiums paid / total amount payable) x (Sum Assured on Maturity + Total Survival Benefits payable under the rules and regulations of that policy)-- Total amount of Survival Benefits already paid.

No benefit is payable in case the Life Assured survives the complete duration of the policy (Policy Maturity) These plans are highly cost effective, and provide a high life insurance cover in return of a comparatively smaller premium amount.

Death Sum Assured is higher of maturity sum assured, absolute amount payable on death, 10 times the annualized premium, or 105 % of the total premiums paid.

The policy continues on the second life insured with the reduced premium and the same amount is payable again on death of the second life insured.