Sentences with phrase «as lumpsum amount»

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

His wife (or the nominee) can opt to take the entire proceeds of the Policy, i.e. Rs. 1 crore as lumpsum amount immediately after Mr. Sharma's death.

On the death of the life insured 100 % of the policy sum assured is paid as lumpsum amount along with an additional lumpsum amount if the life insured dies due to an accident.

Sum assured / Guaranteed amount is paid as lumpsum amount in case life insured is diagnosed with any of the 40 listed Critical illnesses.

If the policyholder dies during the policy term, sum assured shall be paid as a lumpsum amount or in the form of a regular income, as chosen

At the time of maturity of the policy, the policyholder can opt to receive Fund value as a lumpsum amount or receive the settlement option

Education Support Benefit: To support child's education and important milestones, after the death of the policyholder, the fund value will not be paid as a lumpsum amount at the time of maturity.

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

Not exact matches

(2) Also, considering I am 23, which option would you suggest me — Equity Oriented, Debt Aggressive, Debt Conservative with a somewhat secured return as per past performances (3) Should a lumpsum investment of an amount, say Rs 5,000 / 10,000 be done in one shot or an SIP is recommended for the same?

My personal experience proved that lumpsum investing is better than STP for 6 to 12 months as I invested in 5 hybrid equity balanced funds for an amount of 12 lakhs on 1st January 2016 when markets were all time high, but, immediately after I invested, markets started to fall with some corrections for few months and my portfolio was down by 1.5 lakhs versus my investment at some point but now my portfolio is up by 1.2 lakhs where there is an appreciation of 14 % till date, some people even suggested me to go for STP over 6 to 12 months to average out but I believed in this lumpsum investing than STP as I did not need this anount for upto 5 years.

I have received a lumpsum amount as bonus and also one of the bank FD has matured recently, totaling to about 12 Lacs.

Hi Sreekanth, As you mentioned in other invest lumpsum when the market is relatively low, So, Do you recommend investing lumpsum amount in midcap or small cap mutual funds in current market situation or should i wait for some more time.

The return of the growth is calulated after substracting the MER.75 % of the principal is guarenteed at maturity.You can also withdraw 10 % without any penality in every year from the segregated funds.You can also do SM through Manuone.If you can put 10 % with CMHC insurance, either borrow a lumpsum from the subaccount, if you have the equity, or can use dollar cost averaging.In this case you pay only prime rate for the mortgage aswell as for the subaccount just like a credit line.The beauty of the mauone is that you can pay of the mortgage at any time if you have the money.Any money goes into your account will reduce your principal amount, and you pay only the simple interest at prime for the remaining principal.With a good decipline and by putting the tax returnfrom the investment in to the principal will reduce the principal subsatntially.If you don't have the decipline don't even think of this idea.I am an insurance agent, recently I read this SM program while surfing the net, I made my own research and doing it for my clients.I believe now 20 % downpayment can get a mortgage without cmhc insurance.Fora long term investment plan, Manuone with a combination of Segregated fund investment I believe is the best way to pay off the mortgage quickly and investment for the retirement.

About a year back in Aug 2015, I had invested a lumpsum amount of Rs 5 lacs into ICICI Pru Value Discovery Fund, but currently observe that the returns it is giving in the present market conditions is only between 5 - 6 % as compared to my other lumpsum funds which are giving me minimum 10 % returns.

If i have to switch then shall i do the whole amount as one short lumpsum or do STP for 5 - 6 month.

But more often than not, you should not opt for a 20 year plan maybe because you have a finite goal of higher education in 16 years which may be 15 or even 17 years depending on which school she gets through, which country, the rank, admission procedure, season of entry, etc. so these are considerations much later in life, when the child is actually old enough to decide what she wants to study but as a parent you need to start way ahead and thus when you plan for her when she is only 5 years old, you need to financially plan for yourself so that your child gets the lumpsum amount when she is 21 years old and does not need to wait for a few more years for a better return, etc. the child's future will not wait and thus as parent, you need to plan accordingly.

• On death of the annuitant, death benefit is payable as lumpsum to the nominee and no further amount will be payable.

Your beneficiary would get the full amount of the Sum Assured in either lumpsum or regular monthly income or as a combination of both.

Term life insurance is insurance in the purest sense, where, in the event of the Life Assured's untimely demise any time during the policy term, his beneficiary receives the full amount of the Life Assured either in the form of a lumpsum amount or as regular payouts.

The nominee has the option to take that amount as annuity or withdraw the proceeds as lumpsum.

In case of an accidental death of the life assured, an additional sum assured amount will be paid to the nominee, partly as lumpsum and partly as monthly income.

Lumpsum + Fixed Monthly Income Benefit: This option shall help the nominee to receive 10 % of the death benefit at the time of death and remaining amount as part of regular monthly income over a period of 15 years

When the policyholder will be diagnosed with either of the 7 critical illnesses, the critical illness benefit shall be paid as a lumpsum and if that amount is less than the base sum assured, the policy will continue with lesser death sum assured.

This lumpsum amount you receive as a critical illness benefit can be utilized for your advanced medical treatment, paying your EMIs / loans, household expenses, etc..

Part of the benefit is paid as lumpsum and the rest of the amount is paid as monthly payouts.

At the time of maturity, the policyholder can choose to receive the fund value as maturity benefit at one go in one lumpsum amount or receive it in instalments over a period of 5 years after maturity

For instance, if you take a term plan with a Sum Assured of Rs. 1 crore for a term of 30 years and God forbid if you meet with an untimely demise during this tenure, your family will receive this amount as a lumpsum or regular monthly income, as the option selected by you.

His wife (or the nominee) can opt to take half the amount as lumpsum immediately and the remaining 50 % as monthly income (starting from next Policy Anniversary after the date of death) increasing at 8.50 % p.a. (simple rate) every year starting from the policy anniversary following the date of death.

3) New Settlement Option in this plan makes this plan as unique where one can get the death benefit or maturity benefit in installments instead of lumpsum amount

Then take the present value of this lumpsum amount as on today.

Your nominee can receive the entire cover amount either as lumpsum or a mix of lumpsum and monthly income

, your nominee / beneficiary will receive the sum assured amount as a lumpsum in the event of your unfortunate demise.

Under this benefit, the insured has the flexibility to split the life cover amount for the nominee to receive as lumpsum and the remaining life cover will be paid in equal monthly payments for 10 years.

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.

Your family is financially compensated in the event of your death by a lumpsum amount taken as life cover

* you can take the entire amount as lumpsum or take a part as lumpsum and part as family income benefit