His Sum
Assured under the plan is Rs. 1,085,069
The Sum
Assured under the plan can be enhanced by up to a maximum of 50 % of Rs. 10 lakhs whichever is lower within 3 months of marriage or child birth
The Accidental Death Benefit will be equal to the basic Sum
Assured under the plan subject to a maximum of Rs. 1 crore.
At the end of each plan year, the Sum
Assured under the plan reduces by 5 % simple rate of interest.
If the critical illness rider is an accelerated rider, then the Sum
Assured under the plan will go down to Rs 90 lacs.
^ ^ Life benefit refers to the Sum
Assured under the plan that will be payable on death of the life assured.
The Sum
Assured under the plan can be increased by up to 50 % of the base SA or 10 lakhs whichever is lower without any extra medical requirements within 3 months of marriage or child birth
The renewability is up to 55 years and the sum
assured under this plan is Rs 5 lakh, Rs 7 lakh, Rs 10 lakh or lumpsum payout.
Absolute sum assured that is to be paid on demise is equivalent to the Base Sum
Assured under this plan.
After decrease, the Sum Assured should not fall below the minimum Sum
Assured under the plan.
An additional benefit is that the parent of the child will be life
assured under this plan.
Death Benefit Option 1: In case of death of the Life Assured, Sum
Assured under the plan will be paid and the Policy will cease to exist.
Below is a sample illustration showing the Guaranteed Cash Benefit, Guaranteed Maturity Benefit and Sum
Assured under the plan for various combinations of premium amount and policy term.
The sum
assured under the plan is paid as Lump Sum to the nominee as death benefit.
In case of death of the Life Assured during Policy Term, Sum
Assured under the plan will be paid to the nominee and the policy will be te
In the event of an unfortunate demise of the life
assured under the plan, the Sum Assured will be paid to the nominee.
Getting a claim free year may result to discount on the premium rates on the renewal premium or an increase in the sum
assured under the plan.
In case of death of the Life Assured during Policy Term, Sum
Assured under the plan will be paid to the nominee and the Policy will terminate.
The monthly payouts are a fixed amount payable for a fixed tenure and the Sum
Assured under the plan is the aggregate amount of all payouts paid for the fixed tenure.
His Sum
Assured under the plan is Rs. 1,085,069
The minimum sum
assured under this plan is Rs. 50,00,000.
For instance, if the Sum
Assured under the plan is Rs 10 lacs, on diagnosis of the critical illness, the insurance pays Rs 10 lacs in lump sum to the policy holder and the policy ceases.
Supposed the Sum
Assured under your plan is Rs 1 crore and you have added critical illness benefit of Rs 10 lacs.
So, if the bonus announced is Rs 30 per thousand of Sum Assured and Sum
Assured under your plan is Rs 10 lacs, your bonus is equal to Rs 30,000 (Rs 30 * 10 lacs / 1,000).
Not exact matches
The Vincis were warmly received at each meeting, and they were
assured that their
plans were all permissible
under the zoning code.
He
assured that Nigeria would continue to play an active role in the implementation of the flagship projects
under the First 10 - Year Implementation
Plan (2014 - 2023).
If your veterinarian offers a non-anesthesia dental, you might want to say you
plan to call some area veterinarians who will provide a full cleaning
under anesthesia, including dental x-rays, so you can be
assured your pet's oral health is being thoroughly evaluated.
We negotiate the terms
under which they acquire their interest in the company and take steps to
assure the investor obtains a binding contract exit
plan.
Metlife Easy Super is provided by PNB Metlife India Insurance
under ULIP and HDFC Life
Assured Pension is provided by HDFC Standard Life Insurance Company Limited
under Pension
Plan.
LIC New Money Back
Plan 25 Years is provided by Life Insurance Corporation of India
under Money Back Life Insurance
Plan and Future Generali
Assured Money Back
Plan is provided by Future Generali India Life Insurance Company Ltd.
under Money Back Life Insurance
Plan.
Provisions
under Credit
Assure Plan and CSC Saral Sanchay mainly include policy renewal and different types of riders.
Benefits
Under Shriram Life
Assured Income Plus and iTerm
Plan can an important point of comparison between the two
plans.
Aegon Life iReturn Insurance
Plan is provided by AEGON Religare Life Insurance
under Term Life Insurance
Plan and Kotak
Assured Savings
Plan is provided by Kotak Life Insurance
under Whole Life Insurance
Plan.
Benefits
Under Term
Plan and Star Union D I
Assured Income can an important point of comparison between the two
plans.
Benefits
Under Cash
Assure and Fixed Savings can an important point of comparison between the two
plans.
LIC New Jeevan Anand is provided by Life Insurance Corporation of India
under Endowment
Plan and Kotak
Assured Income
Plan is provided by Kotak Life Insurance
under Endowment
Plan.
Reliance Online Term is provided by Reliance Life Insurance
under Term Life Insurance
Plan and Bajaj Allianz Invest
Assure Plan is provided by Bajaj Allianz Life Insurance
under Endowment
Plan.
Benefits
Under DHFL Pramerica Smart
Assure and Pension Plus can an important point of comparison between the two
plans.
Benefits
Under Invest
Assure and Pension Super Plus can an important point of comparison between the two
plans.
Reliance Smart Pension
Plan is provided by Reliance Life Insurance
under Pension
Plan and Bajaj Allianz Save
Assure is provided by Bajaj Allianz Life Insurance
under Endowment
Plan.
Benefits
Under Cash
Assure and Aviva i Life can an important point of comparison between the two
plans.
Benefits
Under Invest Once and Bajaj Allianz Save
Assure can an important point of comparison between the two
plans.
Benefits
Under IndiaFirst Group Credit Life
Plan and DHFL Pramerica Smart
Assure can an important point of comparison between the two
plans.
Benefits
Under BSLI Protect At Ease and BSLI Income
Assured can an important point of comparison between the two
plans.
Canara HSBC Smart Future Income
Plan is provided by Canara HSBC Life Insurance
under Pension
Plan and SBI Life Smart Wealth
Assure is provided by SBI Life Insurance
under ULIP.
Benefits
Under Online Term and HDFC
Assured Pension can an important point of comparison between the two
plans.
Benefits
Under Star Union D I
Assured Income and iSecure can an important point of comparison between the two
plans.
Benefits
Under DHFL Pramerica Smart
Assure and Easy Retirement can an important point of comparison between the two
plans.
Birla Sun Life Vision Endowment
Plan is provided by Birla Sun Life Insurance
under Endowment
Plan and Exide Life Insurance
Assured Gain Plus is provided by Exide Life Insurance
under Endowment
Plan.
Bajaj Allianz Save
Assure is provided by Bajaj Allianz Life Insurance
under Endowment
Plan and DHFL Pramerica Rakshak Gold is provided by DHFL Pramerica life insurance company ltd.
under Endowment
Plan.