Sentences with phrase «as lump sum amount»

The Death Benefit payable is: Lump Sum Benefit: The higher of Sum Assured (including Top - up Sum Assured) or Minimum Death Benefit is payable as a lump sum amount.

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have been paid.

The benefits are paid as lump sum amount which remains constant throughout the policy period.

In case demise of the life insured during the policy term, the death benefit is payable to the nominee as a lump sum amount.

The Commuted Value is calculated by using a discount rate of 5.7 % per annum from the date of receipt of the request for opting commutation and it is paid as a lump sum amount to the policyholder or nominee.

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.

o Option A: - Base: In the event of insured's unfortunate demise, the base sum Assured (less terminal illness benefit already paid) is payable to the nominee as a lump sum amount.

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...

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.

Life Cover: If the policyholder dies during the policy term, the death benefits shall be paid to the nominee as a lump sum amount and future premium will be paid off and shall be paid by the company itself.

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

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 premium waiver benefit offers such an offering where the insurer pays for the premium costs if the policyholder expires during policy tenure and also pays out a death cover as a lump sum amount to the child on maturity.

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

Offers additional financial security as well as 100 % of the sum assured as a lump sum amount in case of accidental death.

In case, any of the mentioned Critical Illness occurs, the Benefit is paid to you as a Lump sum amount, as selected during the inception, heedless of the death benefit payout option you choose, subject to the policy being in function and the payment is made for all the due payments.

If on the hand a policyholder opts for an installment option, then the 50 % of the sum assured is paid as a lump sum amount and the rest is paid in 5 equal annual installments.

With insurance plans that offer cover for such illnesses, a certain percentage of the total sum assured is paid as a lump sum amount upon diagnosis.

Under this option, a guaranteed income as lump sum amount is paid to you once in a year.

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.

During premium payment term: The nominee or legal heir will receive the sum assured as a lump sum amount will be paid.

** 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.

For a major stage cancer diagnosis, the entire sum insured or the indexed sum insured (whichever is applicable) will be paid as a lump sum amount, less any amount already paid up during the early stage diagnosis.

The Death Benefit is equal to the Sum Assured and paid as a lump sum amount.

The nominee receives 10 % of the Sum Assured on the death of the life insured as a lump sum amount.

For simplicity, let's consider a reverse mortgage obtained as a lump sum amount with a fixed interest rate.

Building equity in a home is realized as a lump sum amount when the home is sold but before that time it can also be used to take out a loan.

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have been paid.

Lump sum: The entire death benefit will be paid out as a lump sum amount to secure your family's financial future.

For simplicity, let's consider a reverse mortgage obtained as a lump sum amount with a fixed interest rate.

The answer to the question of «who does better» completely changes when these same investors instead invest all their money in the beginning of the time period as lump sum amounts.

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.

Not exact matches

These optional forms can include cost - of - living increases or higher level amounts; the hypothetical account balance is not available as a lump sum except for small amounts or to the beneficiary of the participant upon his or her death before commencement.

«With a personal loan or regular home equity loan, you're getting the entire amount as a lump sum and paying interest on it immediately.»

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

The amount available is traditionally available as a monthly pension or a lump sum.

The total amount paid as a lump sum and monthly payments will be equal to the amount that would have been paid had the member not elected to receive a lump - sum payment.

Good government groups see the pension forfeiture measure as a token reform and have pressed for the closing of the «LLC loophole» that allows businesses to create multiple limited liability companies to donate virtually unlimited amounts of campaign cash; public financing of candidate campaigns; the end of lump sum appropriations in the budget; limits on political contributions by companies with business before the state; limits on legislators» outside income; and a renovation of Albany's ethics watchdog, the Joint Commission on Public Ethics (JCOPE).

A partial lump - sum payment whereby a portion of the accrued benefit is paid to the participant and the remaining amount is transferred to an eligible retirement plan, as defined in s. 402 (c)(8)(B) of the Internal Revenue Code, on behalf of the participant; or

Aside from the obvious value of receiving a large amount of cash as a lump sum, there are some risks with choosing an annuity to receive the death benefit.

It's similar to a personal credit card because it allows you to borrow funds as needed, without having to take the full amount in one lump - sum payment.

The Principal Limit amount can be received as monthly installments, a line of credit, or an upfront lump sum.

A life annuity is an arrangement in which you hand an insurance company a lump sum of money and the company guarantees to pay you a given amount for as long as you live.

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.

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.

If you can't invest a lump sum amount, you can do it through a Systematic Investment Plan i.e. SIP with as less as Rs. 500.

How quickly can you apply a lump sum payment against your mortgage principle so as to minimize the amount of extra interest you end up paying?

If you put more money into this «lump sum» amount, you should record that as a debit to wherever the money...

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?

If a borrower needs the bulk of their reverse mortgage payment immediately, they can receive it as a lump sum payment.6 A lump sum is recommended if the borrower has an immediate need to use a large amount of money to pay down existing debts, make renovations to the home, pay for healthcare expenses, or for any other reason.