Sentences with phrase «assured +»
Death benefit amount: In case of death of the Life Insured, the nominee would receive the Sum Assured + accrued Bonus and the policy would terminate.
http://life.indiainsured.com/
Insurance21 Replied: 31-05-2017 00:13:31 As per your example, if death happens between 11th to 16th policy year, then policy holder's nominee will get sum assured + accumulated bonus up to year of death.
Sum Assured + Simple Reversionary Bonus + Final Addition Bonus will be payable as maturity amount..
If Policy holder survives 15 years, then Maturity (Maturity Sum Assured + Loyalty Additions) will be as under.
In case of death during first 5 year of policy, the death claim will be 125 % of Basic Sum Assured + Guaranteed Addition (GAs) at the rate of Rs 50 per thousand of Sum Assured per year.
You also need to consider, 125 % of Sum assured + GA + LA as risk cover as it is an insurance plan.
on completion of policy term, Basic Sum Assured + Simple Reversionary Bonus + FAB will paid as maturity claim... and what about Pension
On completion of 12 years term, maturity will be Sum Assured + Loyalty Addition (LA) and in case of death during the policy term, 10 times single premium (excluding rider premium and GST) + Loyalty Addition (LA)(if any) will be death claim amount.
on completion of policy term, Basic Sum Assured + Simple Reversionary Bonus + FAB will paid as maturity claim.
In case of death after completion of 5 policy years and before maturity, the death claim will be 125 % of Basic Sum Assured + Guaranteed Addition (GAs) at the rate of Rs 55 per thousand of Sum Assured per year (up to the policy year of last premium payment) + Loyalty Addition (LA).
In case of death during policy term, Death Sum Assured + Bonus up to year of death + FAB will be paid as Death claim to Policy holder's nominee.
The death claim in first five year will be 110 % of Basic Sum Assured and after completion of 5 years, death claim amount will be 110 % of Sum Assured + Loyalty Addition (LA).
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.
In case of death during policy term (Before 20 years), Death Sum Assured + Bonus + Final Addition Bonus as (Normal Life Cover or death claim) will be payable to nominee.
d) For 20 years policy — Balance of 10 % of basic sum assured + Guaranteed Additions + Loyalty Addition (if any) would be paid.
a) For 14 years policy — Balance of 40 % of basic sum assured + Guaranteed Additions + Loyalty Addition (if any) would be paid.
If insured is survived till the maturity period, he / she would get Basic Sum Assured + Loyalty Additions (if any) would be paid.
The important part is in case of unfortunate death of insured, nominee would receive sum assured + fund value which is an enhancer.
c) For 18 years policy — Balance of 20 % of basic sum assured + Guaranteed Additions + Loyalty Addition (if any) would be paid.
On survival of policy holder i.e. completion of 12 year term, maturity will be Sum Assured + Loyalty Addition.
His nominee would get Sum assured + Guaranteed Additions i.e. Rs 1 Crore + Rs 20 Lakhs = Rs 1.2 Crores.
b) For 16 years policy — Balance of 30 % of basic sum assured + Guaranteed Additions + Loyalty Addition (if any) would be paid.
LIC Jeevan Utkarsh (Table No. 846) is a single premium with 12 years fixed maturity term On completion of 12 years term, maturity will be Sum Assured + Loyalty Addition (LA) and in case of death during the policy term, 10 times single premium (excluding rider premium and GST) + Loyalty Addition (LA)(if any) will b so if policyholde Key Features
Explained by example: Continuing above example, if Mr. Mahesh has died due to death, his family would get Rs 10 Lakhs sum assured + another Rs 10 Lakhs as accidental benefit, totaling to Rs 20 Lakhs.
The Sum Assured + accrued Bonus is paid if anyone or both the husband and the wife survives till the end of the policy tenure.
On survival till the end of the policy tenure, the policyholder gets the Sum Assured + accrued Reversionary Bonuses + Interim Bonus + Terminal Bonus, if any as Maturity Benefit and the policy terminates.
When the policy matures, the Vesting Benefit = Sum Assured + Guaranteed Additions + Vesting Additions is paid to the policyholder as Maturity Benefit.
If the last survivor of the husband and wife dies within the policy tenure, then the Sum assured + accrued Bonus paid as Death Benefit and the policy is terminated.
However, if the Life Insured dies within the Policy Tenure, the nominee would get 25 % of the of the Sum Assured + accrued Reversionary Bonus is paid as Immediate Death Benefit and the policy continues.
As per available information, this plan provides 10 times of single premium amount as Sum assured on death (as death benefit), so maturity proceeds (Normal sum assured + LA) are tax - free.
However, if the Life Insured dies within the Policy Tenure, higher of 10 times the Annualized Premium or the Sum Assured + accrued Bonuses would be paid to the nominee as Death Benefit and the policy terminates.
(Sum Assured + Annual Bonuses (if any) + Terminal Bonus, (if any) + 10 % of Sum Assured as Guaranteed Addition *)
On survival till the end of the Policy Tenure, Sum Assured + accrued Bonuses are paid to the policyholder as Maturity Benefit and the policy terminates.
§ In case the Life Insured dies within the Policy Tenure, higher of 10 times the Annualized Premium or the Sum Assured + accrued Bonuses would be paid to the nominee
Death Benefit — In case of death of the Life Insured within the Policy Tenure, the nominee gets the higher of 10 times the Annualized Premium or the Sum Assured + accrued Reversionary Bonuses + Interim Bonus + Terminal Bonus, if any, subject to a minimum of 105 % of total premiums paid as Death Benefit and the policy terminates.
∙ OPTION 3: If policy holder want to get 10 % of money back in 4 intervals between 20 to 24 year then he / she will get 50 % of basic sum assured + bonus + final additional bonus (if any) on maturity 25th year.
In this paln on death your daughterwill get 10 % of SUM ASSURED payable on every year policy anniversary after death and on maturity date again 110 % SUM ASSURED + BONUS + FAB.
In this paln on death your family will get 10 % of SUM ASSURED payable on every year policy anniversary after death and on maturity date again 110 % SUM ASSURED + BONUS + FAB
ON DEATH: In case of death of policy holder during policy term, 10 % of Sum Assured will be provided to nominee every year till one year prior to maturity, and On maturity, 110 % of Sum Assured + Simple Reversionary Bonus + Final Addition Bonus will be payable as maturity amount.
The Sum Assured + accrued Reversionary Bonuses + Interim Bonus + Terminal Bonus, if any as Maturity Benefit and the policy terminates.
ON SURVIVAL: 15 % of basic sum assured as a money backs start from the 3rd policy year and are payable every 3 year and also will get maturity (sum assured + loyalty addition) at the end of the policy term.
In case of death of the Life Insured, the nominee would receive the Sum Assured + accrued Bonus and the policy would terminate.
ON MATURITY: Sum Assured + Simple Reversionary Bonus + Final Addition Bonus will be payable as maturity amount.
∙ OPTION 1: If policyholder don't want to get any money back between 20 to 24 year then he / she will get 100 % of basic sum assured + bonus + final additional bonus (if any) on maturity 25th year.
Maturity Benefit Options (a) Enhanced Cash Option: · Sum Assured + Reversionary Bonus + Interim Bonus (if any) + Terminal Bonus (if any) + · Enhanced Terminal Bonus OR (b) Enhanced Cover Option: · Sum Assured + Reversionary Bonus + Interim Bonus (if any) + Terminal Bonus (if any) · And Additional Sum Assured payable on death of Life Assured upto the age of 99 Years.
Guaranteed Maturity Sum Assured + Accrued Paid - Up Additions (if any) + Terminal Bonus (if any) is payable to the policyholder as Maturity proceeds on the policy anniversary immediately following or coinciding with Life Insured attaining age of 75 years.
o Disability Benefit (Disability Plus): In case the life insured suffers from accidental total and permanent disability, he / she receives Sum Assured + additional accidental death cover + cover against accidental total and permanent disability.
If the life insured survives at the maturity of the policy term, Sum Assured + Accrued Reversionary Bonuses + Terminal Bonus will be payable to the life insured.
On survival of the life Insured till the end of the policy term, 60 % of Sum Assured + Vested Bonus + Terminal Bonus is payable.
Scenario A: Raman Survives the Policy TermIf Mr. Raman survives till the maturity of the policy term, he receives 60 % of the Sum Assured + Vested Bonus + Terminal Bonus.