Sentences with phrase «anniversary till end of the policy»
This benefit is payable in every 5th policy anniversary, starting from 10th policy anniversary till end of the policy term.
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Family Income Benefit (FIB)-- An amount equal to 10 % of the Sum Assured will be paid on each Policy anniversary following or coinciding with the Date of Death of the Life Insured till the end of the Policy Term, but not exceeding 10 such installmentsa
Furthermore, Guaranteed Income is paid for minimum 3 years or till the policy anniversary immediately preceding the end of the term
The survival benefit payment is paid at the end of the premium paying term and on successful completion of every subsequent year till the policyholder survives or policy anniversary prior to the date of maturity.
If chosen the single pay option, the additional units @ 0.35 % of units in each of the funds under the Single Premium Account is credited to the respective funds, payable every policy anniversary, starting from the 6th policy anniversary, till the end of the policy term.
Monthly Income Payout starts from the next Policy Anniversary till the end of the Premium Paying Term for Regular Benefit
The first survival benefit is payable at the end of the premium paying term and thereafter on completion of each year till the survival of life insured or till the policy anniversary before maturity, whichever is earlier.
Additionally, 0.4 % in each of the funds under the Single Premium Account is credited to the respective funds, payable every policy anniversary, starting from the 10th policy anniversary, till the end of the policy term excluding the last year.
Guaranteed Addition as 1 % of the basic sum assured every year is accrued from the policy anniversary after end of the premium payment term till maturity of the policy.