Sentences with phrase «as equal monthly installments»

In this case Rs. 10 lakhs will be paid on death and remaining Rs. 90 lakhs will be paid as equal monthly installments of Rs. 50,000 for a period of 15 years

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 equal monthly installments for a period till the nominated child attains 21 years.

Not exact matches

If we terminate Mr. Drexler's employment without cause or he terminates his employment with good reason, Mr. Drexler will be entitled to receive (i) a payment of his earned but unpaid annual base salary through the termination date, any accrued vacation pay and any un-reimbursed expenses, and (ii) subject to Mr. Drexler's execution of a valid general release and waiver of claims against us, as well as his compliance with the non-competition, non-solicitation and confidential information restrictions described below, (a) a payment equal to his annual base salary and target cash incentive award, one - half of such payment to be paid on the first business day that is six (6) months and one (1) day following the termination date and the remaining one - half of such payment to be paid in six equal monthly installments commencing on the first business day of the seventh calendar month following the termination date, (b) a payment equal to the product of (x) the last annual cash incentive award Mr. Drexler received prior to the termination date and (y) a fraction, the numerator of which is the number of days of service completed by Mr. Drexler in the year of termination and the denominator of which is 365, such amount to be paid on the first business day that is six (6) months and one (1) day following the termination date, and (c) the immediate vesting of such portion of unvested restricted shares and stock options as provided and pursuant to the terms of the relevant grant agreements under our 2003 Equity Incentive Plan.

The deferred balance only becomes payable once you are hired as a full - time teacher, and typically in equal monthly installments over your first year teaching.

Referred to as «American Express Installments,» this built - in feature allows Canadian card members to pay for large purchases in equal monthly installments, while still earning rewInstallments,» this built - in feature allows Canadian card members to pay for large purchases in equal monthly installments, while still earning rewinstallments, while still earning rewards points.

In this case, you can pay 25 % of the entire annual premium as a deposit, and then pay the remainder in 5 equal monthly installments that end 6 months after your policy's «effective» date.

In this case, you still have to pay 40 % as deposit up front when you apply through the UT AIP, but you would pay the remaining 60 % in 5 equal monthly installments.

The policyholder or the nominee will have the option to take the maturity benefit or death benefit in equal monthly installments over a period of 5 or 10 years (as per your choice) from the date of maturity or the date of intimation of death.

Death or maturity benefit can be taken in equal monthly installments over a period of 5 year or 10 years (as per the choice).

Sum assured on death is payable to the nominee as monthly income for 144 equal monthly installments and it begins from the date of death of the life insured.

In case of accidental permanent disability arising due to accident (within 180 days from the date of accident), an amount equal to the Accident Benefit Sum Assured will be paid is equal monthly installments spread over 10 years and future premiums for accident benefit sum assured as well as premium for the portion of basic sum assured which is equal to accident benefit sum, assured under the policy, shall be waived.

In case the insured member is diagnosed with a terminal illness (TI), a TI benefit equal to 6 Equated Monthly Installments of the loan will be paid as a lump sum.