Sentences with phrase «annual lump sum premium»

Employers would no longer be rewarded with an annual lump sum premium rebate or levied a lump sum surcharge, but would rather see an opportunity to use a consistent improvement in performance from year to year to move into lower risk bands and lower premium rates.

Not exact matches

Many reward for good credit, loyalty, paying your annual premium as a lump sum (rather than in monthly installments) and for bundling coverage, Fisher said.

The premium could be paid to the life insurance company as a lump sum, an annual or semi-annual payment, or monthly amount, for example.

Please let me know that monthly income advantage plan offered by Max Life in which after paying 12 annual premiums will get a monthly income for next 10 years & get a lump sum amount (equal approximate the premiums paid in 12 years in the beginning) plus approx. 14.5 times death benefit for the entire policy term i.e. 22 years.

Keep in mind that if a long - term care insurance policy does not accept lump - sum premium payments, you would have to make several partial exchanges from the CSV of your existing life insurance policy to the long - term care insurance policy provider to cover the annual premium cost.

(It's a good idea to time your card application such that you can pay off your annual car insurance premiums or other lump - sum payments to take a hefty chunk out of this spending requirement.)

Yes, you can pay your premium as a lump sum, and most companies allow you to choose either monthly, quarterly, semi-annual or annual payments.

Additionally, the policy owner has the right to change the mode of premium payment, i.e. annual, semi-annual, quarterly or monthly bank draft as well as the payout method, i.s. lump sum, lifetime annuity or period certain annuity.

The premium could be paid to the life insurance company as a lump sum, an annual or semi-annual payment, or monthly amount, for example.

The policyholder receives a lump sum amount of six times the annual premium at the end of the payout period.

The premium of monthly income plans include annual, half - yearly, quarterly, monthly, or lump sum amounts that are paid by the insured to the insurance company to keep the policy in force.

The nominee receives a lump sum amount of six times the annual premium along with the twelfth annual installment on the eleventh death anniversary of the Life Insured.

In general, the most affordable car insurance comes with the lump - sum annual payment of a premium, but this is not financially feasible for most.

At the end of twenty years the man did not pass away so he receives a lump sum check for $ 25,000 (the total amount of annual premiums he paid over the twenty year term).

Depending on the policy, you pay one lump - sum premium or a few large annual premiums — typically for fewer than 10 years, according to LIMRA, an industry research and consulting group.

The premium payment is annual for 30 years of the policy tenure In case of all the above 9 options, the death benefit amount will be paid in lump sum on diagnosis of terminal illness.

Pay your annual premium in one lump sum each year.

It works like other whole life insurance policies, except that instead of paying an annual or monthly premium, the owner only needs to pay once in a lump sum single premium payment.

This is because in case of one - time or annual premium payments, the insurance company saves on administrative costs and also gets a lump sum amount in advance for the full year, as opposed to the quarterly or monthly payment options.

The nominee gets the Sum Assured (SA) on death of the policyholder which is higher than 10 times the annual premium or 105 % of all premiums paid till death under the Lump sum Benefit option.

This scheme caters to annual survival advantages from the end of the payment term of premium until maturity and payment of lump sum at the maturity time or on the demise of the policyholder during the term of the policy.

Few companies asks same premium amount irrespective on the type of payout, but some companies may offer a lower annual premium when you opt for a lump sum benefit as compared to the staggered monthly payouts.

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

If policyholder dies, the child gets a lump sum that is a multiple of the annual premium — decided by the age at which the plan was bought: if between 18 and 40 years, the multiple is 10 times annual premium; till 44, it reduces to 9 times and so on.

This plan provides annual survival benefits at the end of the completion of premium payment up to 100 years of age and a maturity lump sum amount at maturity of term or death of the policyholder during the term.

The premium is Rs. 8353 if he chooses to receive a lump sum benefit, Rs. 7100 for annual income benefit and Rs. 10, 526 for increasing annual income benefit.

Policyholders pay an annual premium to the insurance company who will pay out a lump sum upon their death.

Following that strategy, you might deploy tactics such as raising your deductible, searching for a low claims driver discount and even paying your premium in an annual lump sum (as opposed to a monthly installment) to save administrative fees.

One simple and common way to save on Woodbury renters insurance is to pay your annual premium in one lump sum rather than in monthly installments.

In order to benefit from this, you'd probably have to pay the annual premium in a lump sum if you wanted to deduct the entirety of it, and your personal situation may vary.

Insurance companies offer various pension plans (also called as retirement plans or annuity plans) where a person has to initially invest either a lump sum amount or regular annual premiums over a period of time.

However, unlike traditional life insurance where premiums may be paid over a lifetime, linked benefit policies require either a single lump sum premium payment or a series of up to 10 annual payments.

The plan provides for annual survival benefits from the end of the premium paying term till age 99 and a lump - sum payment at the time of maturity or on death of the policyholder during the policy term.

He finishes paying the annual premiums and receives a lump sum amount of «1, 00, 000 as a pay out at the end of the year

Option 1: Lump sum Amount on death: Guaranteed Death Benefit (The Guaranteed Death Benefit is the Sum Assured on Death which is the highest of Sum Assured or Maturity Sum Assured or 10 times the annual premium payable or 105 % of total premiums paid to date)

Scenario B: Mr. Gupta dies during the Term of the Policy In the event of unfortunate demise of Mr. Gupta in the 3rd policy year after payment of 3 years» premiums, his family will receive a lump sum amount of Rs 1,014,000, Guaranteed Sum Assured on maturity equal to Rs 2,00,000 along with accrued Annual bonuses and Final bonus, is payable on maturity.

Third, consider a regular annual premium payment option as compared to one lump sum payment.

In case the life insured is diagnosed with a critical illness (from a list of pre-defined critical illness covered under this benefit), a lump sum total of the guaranteed annual payouts, proportional to the premiums received, is paid out immediately to help with the treatment and other expenses.

For a 35 - year - old and for a sum assured of Rs1 crore with the lump sum mode, the annual premium comes to Rs10, 971 for a policy term of 25 years.

In case the life insured is diagnosed with a critical illness (from a list of pre-defined critical illness covered under this benefit), a lump sum total of the Guaranteed Annual Payouts, proportional to the premiums received, is paid out immediately to help with the treatment and other expenses.