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.
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...
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.
The Maturity Benefit can also be received
as a lump sum amount at the Maturity Date.
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 annua
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 annua
lump 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 bonu
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 bonu
at 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 fam
Lump Sum Benefit: A
lump sum amount is paid at the time of claim to take care of any immediate financial requirements of the fam
lump 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.