Sentences with phrase «as a lump sum survival»
100 - 120 % of premiums paid are returned at the end of the policy term as a lump sum survival benefit.
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100 - 120 % of premiums paid are returned at the end of the policy term as a lump sum survival benefit.
Not exact matches
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.
The death benefit is payable as a lump sum of basic sum assured plus all the bonuses irrespective of all survival benefit paid earlier.
Moreover, as per section 10 (10D) of the income tax act, the lump sum amount that one gets as survival benefit during maturity is also tax free.
Alternatively, the policyholder has the option to take the discounted value, calculated at 9 % p.a, of outstanding future survival benefits as lump sum.
Let us understand the plan with the example of Mr. Ram Life Assured - Mr. Ram aged 35 years Plan Purchased - HDFC Life ProGrowth Plus (extra life option) Policy Term - 30 years Annual Premium - Rs 30,000 Sum Assured - Rs 7,00,000 Scenario A - Maturity Benefit: In case of his survival till maturity of the policy, the Total Fund Value as prevailing on the date of maturity is payable as a lump sum.
Additionally, the beneficiary has the option to receive the present value of outstanding survival benefit (Income Benefit and Terminal Benefit) as lump sum as provided under the Commutation Option.
The Company provides an option to the policyholder on survival during the payout period or beneficiary in case of death of Life Insured (called Commutation option) to receive the present value of the outstanding survival and death benefit respectively as lump sum.
A plan that offers you Non-Guaranteed Cash Bonuses from the 7th year, Guaranteed Survival Benefits from the 10th year onwards, as well as a lump sum at the end of the Policy Term.
Scenario A - Maturity Benefit: In case of his survival till maturity of the policy, the Fund Value is payable as a lump sum.
A traditional non linked participating plan that offers you Non-Guaranteed Cash Bonuses from the 7th year, Guaranteed * Survival Benefits from the 10th year onwards, as well as a lump sum at the end of the Policy Term.
On survival of the life insured till the end of the policy term, the Fund Value is payable as a lump sum.
On survival of the life insured till the end of the policy term, the Fund Value is paid as a lump sum.
On survival of the life insured till the end of the policy term, the Policy Account Value including terminal bonus interest rate as calculated on the maturity date and it is payable as a lump sum.
Scenario A - Maturity Benefit: In case of his survival till maturity of the policy, the Policy Account Value including terminal bonus interest rate as calculated on the maturity date and it is payable as a lump sum.
In case the insured dies during the term of the policy, the lump sum payout is given to the nominee apart from the money backs also known as survival benefits.
On survival of the life assured till maturity of the policy, Sum Assured on Maturity along with vested simple reversionary bonuses and final additional bonus is payable as a lump sum, provided the policy is in - force.
In case of survival of the life insured till maturity, 40 % of Sum Assured plus accrued bonuses till maturity is payable as a lump sum.