Sentences with phrase «as lump sum immediately»

In the event of the demise of the life insured, the nominees receive 12 times of the monthly income benefit in the policy year of death will be paid as lump sum immediately.

The non-guaranteed vested simple Reversionary Bonus along with Terminal Bonus (if any), shall be payable as lump sum immediately on Death of Life Insured.

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.

o Lump Sum + Equal Annual Installments: If the policyholder chooses Installment option, 50 % of the Death Sum Assured will be paid as lump sum immediately on death of the life insured and the remaining amount is paid annually in 5 equal installments (starting post 1 year from date of death of the life insured).

Under the third option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in increasing monthly instalments increasing at a simple rate of 12 % per annum for 10 years.

Under the second option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in equal monthly instalments @ 0.58 % of the Sum Assured for 10 years.

Under the option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in equal monthly instalments for a period till which the policyholder's child attains 21 years of age.

Not exact matches

«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.»

There's also an alternative route where you put everything into «flexi - access drawdown» without taking any lump sum immediately, and then as you actually withdraw income, 25 % is tax - free and the rest is taxed as income.

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.

You hand over a lump sum to an insurer and in return you immediately begin receiving monthly payments that will last as long as you do, regardless of how the financial markets perform.

With an immediate annuity, you turn over a lump sum to an insurer in return for monthly payment that begin immediately and will continue for as long as you live.

For the loss of employment as a direct consequence thereof immediately permanently totally and absolutely in case of an accident, a lump sum equal to hundred percent (100 %) of the Capital Sun insured will be covered.

The annuity payouts begin immediately after payment of a single lump sum amount (known as the purchase price).

For the loss of employment as a direct consequence thereof immediately permanently totally and absolutely in case of an accident, a lump sum equal to hundred percent (100 %) of the Capital Sun insured will be covered in the plan.

However, if the nominee prefers to have a lump - sum benefit instead of a staggered benefit, the remaining payouts are discounted at the rate 5.25 % per annum and will be paid as lump - sum immediately.

In this case, his nominee will immediately get Rs 1 crore as lump sum.

In this case, his nominee will immediately get Rs 10 Lakh as lump sum payment.

In case of your unfortunate death, your family can claim the death benefit either as a lump sum, or 50 % immediately and the balance in installments.

Under the instalment option, 50 % of the benefit is paid in lump sum immediately on death and 60 % of the benefit is paid as a Family Income Benefit wherein 1 % of the benefit is paid every month following the month of death for up to 60 months.

Immediate Annuity Pension Plan — A lump sum is paid as a one - time premium and the annuity begins almost immediately and continues for the policy term or throughout the insured's life.

In the event of the policyholder's death, the sum assured is immediately payable to policyholders» nominee or legal heir as a lump sum, along with the bonuses.

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.

A term plan will give a lump sum immediately in case of death but it will not be adequate when the child will actually need the money, as any lump sum the family receives will be spent on the upbringing of the child.

Thus, the total payout = Rs. 2.05 crores (Rs. 1 crore paid immediately + Rs. 1.75 lakhs for 60 months) In case of an accidental death of Sheetal, Ramesh will get an additional payout of Rs. 50 lakhs as lump sum.

Total benefit paid = Rs. 2.05 crores (Rs. 1 crore paid immediately + Rs. 1.75 lakhs for 60 months) In case of an accidental death of Ramesh, Sheetal will get an additional payout of Rs. 50 Lakhs as lump sum.