Sentences with phrase «anniversary till maturity»
This is a traditional participating endowment plan under which survival benefits payable every year from 5th policy anniversary till maturity and life insurance benefit.
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The policyholder is eligible to receive annual coupons from 10th to 30th policy anniversary and can also recevive Non Guaranteed Cash Dividends annually from 6th policy anniversary till maturity.
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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.
In case of unfortunate event of death of policy holder, 10 % of sum assured will be paid on every policy anniversary till the policy maturity.
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.
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.