Sentences with phrase «as a lump sum amount at»

The Maturity Benefit can also be received as a lump sum amount at the Maturity Date.

Basically, money back plans give small amounts to the life insured at regular intervals instead of paying the entire amount as a lump sum amount at the end of the term.

A unit - linked, retirement solution which offers you an option to get part of your fund value as a lump sum amount at your chosen retirement age and rest of the fund value as an annuity for regular inc...

A unit - linked, retirement solution which offers you an option to get part of your fund value as a lump sum amount at your chosen retirement age and rest of the fund value as an annuity for regular income post retirement.

Not exact matches

That is a significant amount to devote just to healthcare when you look at it as a lump sum.

Payments can be given all at once in a lump sum, as a regular monthly term payment or through a line of credit at times and in amounts that you choose.

Considering it as an investment tool plus a retirement plan, since after 35 years i.e. at the age of 60 it will give a lump - sum amount, is it wise decision to buy the life insurance under given conditions?

That's because RRIFs offer more flexibility and tax savings than annuities (see the pros and cons of annuities at TSI Network) or a lump - sum withdrawal (which in most cases is a poor retirement investing option, since you'll be taxed on the entire amount in that year as ordinary income).

A Single Premium policy is the one in which the premium amount is paid in lump sum at the beginning of the policy as a return for the death benefit which is guaranteed to be paid up until the death of the policyholder.

As well, any lump sum amounts that may come your way, like annual bonuses at work or a small inheritance from family and loved ones can also be targeted to earlier RRSP and TFSA contributions.

The company not only pays a lump sum assured at the time of your death, but it also pays back all the premiums you paid as the maturity amount.

A lump sum prepayment of any amount (as long as the total annual prepayments stay within the 20 % limit) can be made at the same time as the regular mortgage payment.

So why don't lenders offer a true reverse mortage which would compute and lend a stream of payments (at interest of course, but hopefully a rate reflective of the low risk given the high property value / loan ratio) rather than a useless lump sum which has seniors paying pretty high mortgage interest rates on a large amount of loan, rather than a interest on the (rising) amount of loan as the stream of payments accumulated.

(This goes for lump sum or proportionate charge - back orders as well: fix the amount to be paid at prices on the date of the agreement and index - link that figure to a property prices for the area, eg an index as maintained by the Halifax or another property lender.

If your loved one was fatally injured at work, you may also be able to recover permanent total disability as death benefits for a period of time or in a lump sum amount.

It is an investment policy that you purchase from a life assurance company, set up as regular savings plans which pay out a lump sum amount at the end of a set period.

Here, you can invest a minimum amount of Rs. 6000 in installments of at least Rs. 500 or as a lump sum.

Aviva Wealth Builder: It is designed in a way that that doubles the total amount of premiums paid and provide returns it as a lump sum at maturity KNOW MORE

** Policy holders above age 45 years at start of policy have an option to select 7 times the annualized premium as the lump sum amount.

PLI Anticipated Endowment Assurance (AEA) Plan is a Money Back plan, which provides guaraateed money backs (Survival Benefits) at specified intervals and lump sum amount on completion of term as maturity.

Commuting the maturity proceeds as a lump sum amount to the extent allowed under Income Tax act and balance amount to be utilised to purchase an immediate annuity from Future Generali India Life Insurance Co. Ltd. (FGILICL), which shall be guaranteed for life, at the then prevailing annuity rate.

Where at the time of maturity you start getting regular income after your retirement and you can also choose your money lump sum amount as a part.

You may take up to 1 / 3rd * of vesting benefit as a lump sum and purchase an immediate annuity from us with the balance amount at the then prevailing annuity rates under any immediate annuity plan available on sale then.

You must be thinking that why shouldn't you opt for a term plan instead of a child insurance plan as it offers a high cover at a low cost giving out a lump - sum amount to the nominee.

Lump - Sum plus Monthly Income: 50 % of the Death benefit is paid as a lump sum and the amount remaining is paid as monthly income for 15 years growing by 10 % at simple rate annuaLump - Sum plus Monthly Income: 50 % of the Death benefit is paid as a lump sum and the amount remaining is paid as monthly income for 15 years growing by 10 % at simple rate annualump sum and the amount remaining is paid as monthly income for 15 years growing by 10 % at simple rate annually.

However, the Premium that you pay at regular intervals provide you with Risk cover and some lucrative sops, say a lump sum amount as Maturity benefit, and so on.

In Unit Linked Polices instead of taking a lump sum amount at maturity, some plans provide policyholders with the option to receive the Maturity Benefits as a structured payout (periodic instalments) over a period of time (say, 5 years or any time up to 5 years) after maturity.

At maturity, he would receive a lump sum amount of Rs 3 lakh or Rs 1.68 lakh, projected at 10 percent or six per cent respectively, as vested reversionary bonuAt maturity, he would receive a lump sum amount of Rs 3 lakh or Rs 1.68 lakh, projected at 10 percent or six per cent respectively, as vested reversionary bonuat 10 percent or six per cent respectively, as vested reversionary bonus.

Commuting the proceeds as a lump sum amount to the extent allowed under Income Tax act and utilizing the remaining amount to purchase an Immediate Annuity (guaranteed for life) from Future Generali India Life Insurance Co. Ltd. at the then prevailing annuity rate

In the unfortunate event of death of the policyholder or parent invested in a child plan, future premiums are waived off while the child receives a lump sum beneficiary amount as life cover along with maturity cover benefits at the end of policy tenure.

In a lump sum term insurance plan, the nominee receives the sum assured as a lump sum amount, that is, the total payout of sum assured at once and the policy terminates.

With a minimum of four annuity options to select from, the plan allows the flexibility to pay at once a lump sum amount as a purchase amount for the policy.

Pension plans help you to achieve this objective by providing you with a fixed annuity throughout your life as well as lump sum amounts that can be availed immediately post retirement or at a later date.

Settlement Option is available at maturity and it provides you the flexibility to receive the maturity benefits either 50 % as lump sum and balance 50 % as periodic installments or whole amount through periodic installments.

Step 3: Here, you need to mention whether you want your family to receive the policy proceeds as a lump sum, or Level / Increasing monthly income or Return of the premium amount at maturity.

Instead of taking the entire amount as lump sum, she plans to opt for the Settlement Option 2 where she will get Rs. 50 Lacs as lump sum immediately after death and the remaining Rs. 50 Lacs as monthly income (starting from next Policy Anniversary) increasing at 8.50 % p.a. (simple rate) every year starting from the policy anniversary following the date of death.

You have the option to take up to 1 / 3rd of the benefit as tax - free lump sum as per the current income tax regulations and use the remaining amount to purchase annuity at the prevailing annuity rate.

o Death Benefit LumpSum + Increasing Monthly Income Option: In case of death of the life insured, this plan pays 50 % of the death sum assured as a lump sum and the balance amount is then paid as increasing monthly installments (@ 12 % per annum at the simple rate of interest) for a period of 10 years.

You can take up to 1 / 3rd of the vesting benefit as tax - free lump sum and use the remaining amount to purchase annuity at the prevailing annuity rate.

In the event of the policyholder's death anytime during the policy term, the child / nominee receives the lump sum amount (death benefit) as promised at the time of purchasing the policy.

In the event of the policyholder's death anytime during the policy term, the nominee receives the lump sum amount as promised at the time of purchasing the policy.

One of my friend suggested me to look at LIC NJA and similar product from MAX life purely for Debt investment as it offers lump sum maturity amount and assured monthly / annual pay outs post retirement.

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

This lump sum amount is the highest of 125 % of annualized premiums paid (as on the date of death), 10 times of annualized premium, or Lumpsum amount available at maturity.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is as follows: Lump Sum Benefit: A lump sum amount is paid at the time of claim to take care of any immediate financial requirements of the famLump Sum Benefit: A lump sum amount is paid at the time of claim to take care of any immediate financial requirements of the famlump sum amount is paid at the time of claim to take care of any immediate financial requirements of the family.

These payouts could serve as a second income and also help in paying his child's school expenses.The lump sum amount that he will receive at the end of the 20th year could be used for his daughter's higher education expenses.In case of the unfortunate event of his death before the maturity of the policy, his family will get higher of 100 % of Sum Assured or 105 % of the Premiums paid or 11 times the Annualised Base Premium.

As the policy term progresses, these benefits in the form of Bonuses keep accumulating and at the time of matuirty, policy holder gets lump sum amount i.e. Sum Assured + Bonus.