Sentences with phrase «assured under this option»

The sum assured under this option is equal to the monthly benefit chosen * policy term * 12

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The Critical Illness Sum Assured will reduce by «5 Lac and the reduced Critical Illness Sum Assured will be available for the other covered Critical Illnesses under the chosen Option, other than Angioplasty.

The Critical Illness Sum Assured will reduce by Rs. 5 Lac and the reduced Critical Illness Sum Assured will be available for the other covered Critical Illnesses under the chosen Option, other than Angioplasty.

Income benefit option: Under this option, 1 % of the sum assured will be paid out to your family every month.

Income Plus Option — under this HDFC term insurance plan, the entire death benefit which is the chosen Sum Assured is paid out in case of death of the life insured.

Under the first bonus option called Purchase Paid - up Additions, the bonus can be used to increase the Sum Assured.

Under the first Option of Death Benefit called Option A, the Sum Assured net of the Terminal Illness Benefit already paid is paid to the nominee

Under the option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in equal monthly instalments for a period till which the policyholder's child attains 21 years of age.

Under the second option of this LIC child plan, 5 % of the Sum Assured is paid every year as money back for 5 years and thereafter on maturity 75 % of the Sum Assured and the vested bonuses are paid

Under the added paid - up options the policyholders are allowed to get their paid - up additions using their bonuses which would accumulate in their plan making this plan an additional guaranteed assured - sum which is paid as maturity or death benefits.

Under the first option a lump sum benefit equal to the Sum Assured is paid.

Income Option — under this HDFC term insurance plan, 10 % of the Sum Assured is paid in lump sum immediately on death of the life insured.

Under the first option of this LIC child plan, no survival benefit is payable and only on maturity, 100 % of the Sum Assured is paid to the policyholder

Under the Endowment Option, 125 % of Sum Assured and accrued simple reversionary bonuses with any Terminal Bonus is paid on maturity

Under the second option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in equal monthly instalments @ 0.58 % of the Sum Assured for 10 years.

Under the fourth option of this LIC child plan, 15 % of the Sum Assured is paid every year as money back for 5 years and thereafter on maturity 25 % of the Sum Assured and the vested bonuses are paid

Sum Assured enhancement or reduction is possible under the Step up Option and Step Down option respectOption and Step Down option respectoption respectively.

On maturity -LCB- 140 % -(0.1 % * Entry Age)-RCB- * Basic Sum Assured is paid under Option A and -LCB- 120 % -(0.1 % * Entry Age)-RCB- * Basic Sum Assured is paid under Option B.

Under the second option, Option B, in case of death of the insured during the tenure of the plan, 30 % - 80 % of the Sum Assured can be availed by the policyholder as per his choice and 110 % of the balance amount is paid over a period of 5 years in monthly instaloption, Option B, in case of death of the insured during the tenure of the plan, 30 % - 80 % of the Sum Assured can be availed by the policyholder as per his choice and 110 % of the balance amount is paid over a period of 5 years in monthly instalOption B, in case of death of the insured during the tenure of the plan, 30 % - 80 % of the Sum Assured can be availed by the policyholder as per his choice and 110 % of the balance amount is paid over a period of 5 years in monthly instalments.

Under the third option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in increasing monthly instalments increasing at a simple rate of 12 % per annum for 10 years.

Starting from affordable premium of Rs. 8 / - for sum assured of Rs. 10,000, for a standard life under regular premium payment option

The following table shows the sample rates of premiums payable by individuals under the LIC child plan at different ages and at different options for a Sum Assured of Rs. 50, 000.

Under the Aspiration Option, on maturity, the chosen Sum Assured is paid along with the Guaranteed Additions accrued in the first five years of the plan.

The death benefit payable will be the amount higher of the Sum Assured or 10 times the annual premium or 105 % of total premiums paid till the date of death for regular premium payment option and higher of Sum Assured or 125 % of the Single Premium paid under the Single Premium payment option.

If the policyholder chooses the Save Benefit under any of the plan option, then on death or critical illness, the Sum Assured is paid to the beneficiary who is the child, all future premiums are waived off and paid for by the company and the plan continues.

On death of the policyholder, under Benefit Option 1, higher of the Sum Assured including the top - up SA net of any partial withdrawals made in the last 2 years or Fund Value including the Top - up Fund Value or 105 % of premiums paid is payable to the nominee

Recurring payout - Under this option, the nominee receives 10 % of the Sum Assured amount on the death of the Life Assured.

Under Option B, in case of death of the insured during the tenure of the plan, the Sum Assured and an additional Accidental Death Benefit is paid to the nominee.

Under Option B, 10 % of the Sum Assured is paid on maturity and for every year for two years following the year of maturity and three years post maturity when the child reaches 20 years of age, 70 % of the Sum Assured is paid

The funds available under this option are - Liquid Plus, Income Advantage, Assure, Enhancer, Magnifier, Maximizer, Super 20, Capped Nifty Index, and Asset Allocation.

Under Option A, in case of death of the insured during the tenure of the plan, the Sum Assured is paid to the nominee

If the chosen Benefit Payment Preference is Save - n - Gain under any of the plan option, in case of death or critical illness suffered by the insured during the tenure of the plan, the Sum Assured is paid to the beneficiary who is the child, all future premiums are waived off and 50 % of the premiums are paid by the company towards the plan and 50 % to the beneficiary on every premium due date and the plan continues.

Under Option B, a Guaranteed Addition of 5 % is added to the Sum Assured.

Under the Classic Waiver option, the death benefit will be higher of the Sum Assured on Maturity or 10 / 7 times the annual premium depending on the age of the policyholder or 105 % of all premiums paid till the date of death.

Under Option A, 40 % of the Sum Assured is paid on policy maturity, i.e. when the child attains 17 years of age, 30 % one year after the maturity when the child attains 18 years of age, 20 % after another year and 10 % of the Sum Assured after another year when the child completes 20 years of age

Under the instalment option, 20 % of the Sum Assured is paid on death and the remaining benefit can be availed over a period 10, 15 or 20 years @ 11 %, 8.37 % or 7.12 % of the Sum Assured respectively.

If Option A is chosen then the Staggered Payouts are paid as and when they fall due and the remaining Sum Assured is paid on maturity or else under Option B, 105 % of the Sum Assured is paid on maturity.

Where plan option is «Savings Plus», if the Life Assured is diagnosed to be suffering from any of the 35 Critical Illnesses, all future premiums that would otherwise have been payable under the base policy shall be waived for the remainder of the premium payment term

Under this feature, you have the option to increase the basic Sum Assured without underwriting on any of the below specified events in the life of the Life Assured

Life Long Protection Option: Along with the benefits under the Life option, the policy cover is for the life assured ™ s entire lifOption: Along with the benefits under the Life option, the policy cover is for the life assured ™ s entire lifoption, the policy cover is for the life assured ™ s entire lifetime.

Available under the life option of HDFC Life C2P + for customers aged below 45, you can use this feature to increase your sum assured with every important milestone in your life.

The life assured may also choose to receive the maturity benefit under Settlement Option as mentioned below.

Maximum: Rs. 71,300 for sum assured of Rs. 50,00,000 for a standard life under single premium payment option for 47 years policy term.

This is a dual death benefit plan under which a complete sum assured is paid in the first option and in the second option after death of the insured, the insurance company pays 50 % of the total sum assured immediately to the nominee of the insured and the remaining amount is paid monthly as a regular income at 3 %.

The extra life sum assured due to accidental death is provided under extra life option and extra life income option

Minimum: Rs. 8 for sum assured of Rs. 10,000, for a standard life under regular premium payment option, across all policy terms.

After 1 policy year, the insured is has the option to reduce his sum assured amount at any monthly policy anniversary, subject to the minimum sum assured amount allowed under the plan options.

Under the single life option, Sum Assured is paid in case of the policyholder's death during the term

Under the Career Endowment option, 50 % of Sum Assured is paid when the child reaches 18 years, 20 % of Sum Assured is paid when the child crosses 21 years and on maturity when the child reaches 24 years of age, 30 % of Sum Assured is paid along with the Benefit Booster