Sentences with phrase «assured in subsequent year»

If you do not claim the insurance in any year, you are eligible for no claim bonus and 5 % of sum assured would be added to your sum assured in the subsequent year.

If you claim the insurance in any year, 5 % of sum assured would be reduced from the sum assured in subsequent year.

Option A offers 40 % of sum assured at end of the policy term when a child is 17 years, and then pays 30 %, 20 % and 10 % of sum assured in each subsequent year.

Not exact matches

He assured further that «in 2018, we will employ 2,000 more extension officers, with the solemn pledge of employing more graduates from our Colleges of Agriculture in the subsequent years.»

Non forfeiture provision: States that if a policy has been in force for a minimum of three full years and subsequent due premiums are not paid, then the policy will have proportionately reduced sum assured along with vested bonus.

Regular Monthly Payouts: Regular Monthly Payouts are 1 % of Sum Assured or Paid - up Sum Assured for the first payout year and will increase by 0.25 % in subsequent years, at a simple rate.

Only Income Benefit: Under this option, monthly income is 2 % of the base sum assured during the first payout year and it then increases by 0.50 % at a simple rate in subsequent years.