Here,
Assured Benefit is 101 % of the total premiums paid.
He buys ICICI Pru Easy Retirement with the policy term of 20 years, premium payment term of 5 years with the annual premium of Rs 50,000 and
assured benefit of Rs 2,52,500.
On your vesting date, you will receive the higher of
the Assured Benefit or Fund Value.
Scenario A: Akhilesh Survives till Vesting On the vesting date, Akhilesh will receive the higher of
the Assured Benefit or Fund Value.
Plan matures at the end of the policy term, and your Maturity (Vesting) Benefit will be the higher of the Fund Value or
Assured benefit of 101 % of all premiums plus top - up premiums paid till date.
In case of survival till vesting or maturity of the policy, the life insured will receive the higher of sum assured plus sum of all guaranteed additions plus Simple Reversionary Bonus and Terminal Bonus OR Defined
Assured Benefit.
Here, Defined
Assured Benefit is equal to the total premiums paid accumulated @ 0.15 % p.a compounded annually.
In case of One Pay,
assured benefit is 101 % of the Single Premium and for Five Pay, it is 101 % of the total premiums paid.
Scenario A - Maturity Benefit: In case of his survival till maturity of the policy, the higher of Fund Value (including Loyalty Additions and Wealth Booster) or
Assured Benefit.
Scenario B: On demise of Chirag within the policy term On the unfortunate death of Chirag, the Death Benefit payable is higher of Defined
Assured Benefit or 105 % of the total premiums paid plus sum guaranteed additions and bonuses.
Maturity / Vesting benefit can not be less than the defined
assured benefit.
In the event of the demise of the life insured, the Death Benefit payable is higher of Defined
Assured Benefit or 105 % of the total premiums paid plus sum guaranteed additions and bonuses.
Defined
Assured Benefit is the total premiums paid as on the date of death accumulating @ 0.15 % per annum compounded annually.
Policy vests at the end of the policy term, and Maturity (Vesting) Benefit will be the higher of the Fund Value or
Assured benefit of 101 % of total premiums paid i.e. single premium and top - up premium paid till date.
Assured benefit on vesting, which is 101 % of all premiums paid during the tenure.
Policyholder will receive higher of the fund value or
assured benefit of 101 % of all premiums paid including top - up premiums
When the policy matures, the higher of Sum Assured on Vesting plus accrued Bonuses or
Assured Benefit of 101 % of all regular Premium Paid Is paid to the policyholder as Annuity
This plan indicates that it provides 101 % of
assured benefit and investors are getting tempted to invest in this.
Scenario B: Romesh dies within the Policy Term In case of demise of Romesh with - in the policy term, the higher of Fund Value,
Assured Benefit or 105 % of total premiums paid till the date of death.
Here,
Assured Benefit is 101 % of total premiums paid till maturity.
Scenario A: Romesh Survives till Vesting At vesting, the higher of Fund Value at maturity or
Assured Benefit is payable.
In case of death of the life insured during the policy term, the higher of Fund Value,
Assured Benefit or 105 % of total premiums paid till the date of death.
The amount will be equal to the 10 % of the rider sum
assured benefit.
10 % of Sum
assured benefit after death till maturity period and at the end of policy Sum assured + vested bonus + FAB is beneficial to the customer.
The death sum
assured benefit offers = 10 times of the annual premium or 105 % of the total premiums paid to date.
This plan is ideal for individuals who seek to plan for their retirement, and want to get secure and stable returns on their invested corpus for post-retirement income.There is a flexibility to choose your investment horizon from 10 - 40 years, and
assured benefit equal to 101 % of all regular premiums paid on death or at vesting.
The assured benefit will be equal to 101 % of single pay or 101 % of all premiums paid under the Limited pay option.
On Vesting, higher of the accumulated Fund Value or
Assured Benefit of 101 % of premiums paid will be payable.
Vesting: Higher of the fund value or
an assured benefit of 101 % of the single premium paid under the plan
The insured will get higher of the total fund value including loyalty additions and wealth boosters or
the assured benefit on maturity.
The insured also has the value of the investment made against the fund or
assured benefit — whichever is higher and the returns so obtained are not taxable either.
On vesting, the company pays higher of the fund value or
an assured benefit of 101 % of the sum of premiums paid under this HDFC pension plan
Among the investments offering
assured benefit returns, both Public Provident Fund (PPF) and National Savings Certificate (NSC) occupy top positions.
Assured Benefit: On vesting, you are granted with the
Assured Benefit, which is equivalent to 101 % of the sum of all premiums, including Top ups, or the Fund Value, whichever is higher.
On such postponement,
the Assured Benefit, Guaranteed Death Benefit, and the Pension Boosters will continue to be applied.
Fund value, or
Assured Benefit, or 105 % of all premiums paid till the date of death Here the
assured benefit is 101 % of all premiums paid till date of death The nominee will also have the option to:
Child's plans under savings are: Shriram Life Genius
Assured Benefit Plan New Shri Vidya New Shri Vivah
Nominee of the pension plan gets
an assured benefit in case of death of the policyholder.
In case of Single Premium Pension Super both in case of death and vesting,
assured benefit of 101 % of total premium is paid.
The plan offers
assured benefit and built a corpus which is provided as accumulated bonus at the end of every policy years.
Difference Between NSC and PPF Among the investments offering
assured benefit returns, both Public Provident Fund (PPF) and National Savings... Read More
The assured benefit on death is 101 % of all the premiums.
On vesting, the company pays higher of the fund value or
an assured benefit of 101 % of all premiums paid under the plan
The total collected value will be the higher of
assured benefit or fund value equal to 101 % of single premium paid, which includes top - up premium, if any.
It provides
assured benefit of 3 % of the assured sum each year with premium payment tenure of 5, 7, and 10 years.
While most lump - sum payout plans have a fixed Sum
Assured benefit, some may offer higher or lower benefit depending on the time of death.
Reliance Smart Pension Plan and Bajaj Allianz Save
Assure Benefits also includes guaranteed surrender value and bonuses if applicable.
Variable returns can be in terms of Edelweiss Tokio My Life Plus and SBI Life Smart Wealth
Assure Benefits.
Variable returns can be in terms of Bharti AXA Life eProtect and DHFL Pramerica Magnum
Assure Benefits.
Bonus is an important part of BSLI Protect At Ease and BSLI Income
Assured benefits.