Sentences with phrase «at end of each policy term»

Savings through Maturity Benefit: At the end of your policy term, you will get Sum Assured on Maturity provided all due premiums have been paid and policy is in - force.

A return - of - premium rider refunds premiums at the end of a policy term, but you might be better off having invested that money; waiver - of - premium, accidental death, or child coverage riders are also usually not worth the extra price.

100 - 120 % of premiums paid are returned at the end of the policy term as a lump sum survival benefit.

and Sum Assured on Maturity as Maturity benefit at the end of the Policy term in case the Life Insured survives till that period and all premiums have been duly paid.

My opinion is for paid up - reason being at least i could get all my premium paid & life cover for the paid up value at the end of policy term (correct me if I am wrong)

At the end of the Policy Term which also is 12 years, he receives the entire premium that he has paid till the end of the Premium Payment Term.

If the insured person is still alive at the end of the policy term, the coverage expires and typically no portion of the premiums are returned to the policyholder.

While similar in the sense that the effect happens at the end of policy term, there are important differences that you'll need to consider.

Annual Renewable Option at end of policy term; continue coverage to age 100 (new rates apply at renewal)

Every insurer will send you a notice at the end of the policy term.

Most policies can be renewed annually at the end of the policy term, up to age 105.

Other insurance companies charge for insurance as they do now, but provide a rebate if, at the end of the policy term, a vehicle's mileage is below certain limits.

With an obligation to pay you back at the end of your policy term, insurance companies charge higher premiums for this feature.

At the end of the policy term the motorist receives a rebate of up to 50 % of their premium for lower mileage (in this case, a rebate up to $ 250 if they drive less than 10,000 kms), or their premiums can increase up to 50 % if they drive more than the current maximum (in this case, they could pay up to $ 750 if they drive 30,000 kilometers during the policy 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.

A return - of - premium rider refunds premiums at the end of a policy term, but you might be better off having invested that money; waiver - of - premium, accidental death, or child coverage riders are also usually not worth the extra price.

A return of premium life insurance policy refunds premiums at the end of the policy term provided that the death benefit has not been paid out.

You buy a policy, pay regular premiums, and, at the end of the policy term, it ends.

Option C provides the full amount at end of the policy term.

There is no lapse in the policy and the child gets maturity amount at the end of policy term.

At the end of the policy term, on the date of maturity, the total amount of mortality charge deducted throughout the policy term w.r.t regular premium and top - up premium, if any, will be added back, respectively, into the Regular Premium Fund Value and into the Top up Fund Value, as applicable.

All the bonus amounts acknowledged at the end of the premium payment term will be paid out at the end of the policy term or on the policyholder's death during the policy tenure.

These plans are essentially of two types, Unit Linked Insurance Plans or ULIPs that provides returns based on market performance, and traditional endowment plans that offer a lump sum or annuity payout at the end of the policy term when the life insurance policy matures.

Depending on your state, if your insurance company chooses to nonrenew your policy at the end of the policy term, it must notify you and provide an explanation within a specified time period.

As a participating plan, Aegon Life Guaranteed Income Advantage Insurance takes part in the profits of the company and offers guaranteed bonuses at the end of the policy term.

The Guaranteed Growth plan provides Terminal Bonus benefits at the end of the policy term.

With a return of premium policy, you pay a little extra every month and get the money back at the end of the policy term — usually 20 or 30 years later.

At the end of the policy term when the policy matures, the policyholder receives a lump sum that is equal to 50 % of the Sum Assured plus any declared Compound Reversionary bonus and Terminal Bonus if any.

That would be some $ 20,000 more than you would have gotten back, typically, from a premium refund at the end of the policy term.

Depending on the age of the child at policy inception and plan option chosen, a Benefit Booster is paid at the end of the policy term.

^ On survival, at the end of the policy term, receive lumpsum benefit as aggregate of: i) Sum Assured of Maturity ii) Accrued Guaranteed Additions.

37 % think they can only switch car insurance companies at the end of their policy term, which is false.

As is common with many life insurance companies, John Hancock offers the option to turn a term life insurance policy into a whole life insurance policy at the end of the policy term.

If a 30 - year old invests Rs 100,000 a year for 10 years in, say, Edelweiss Tokio's Wealth Plus (an online Ulip), he will get Rs 1.44 million at the end of the policy term if the returns are at 8 per cent, according to data from Policybazaar.com.

At the end of the policy term, conversion to a Vantis Life permanent life insurance policy is available, at an age when premiums are low.

The bonus will be paid out upon death or at the end of the policy term

A term life insurance policy ends or expires at the end of the policy term you choose when you take out your coverage.

At the end of your policy term, your life insurance company may require you to provide proof that you are still insurable, if you want to purchase another term insurance policy.

Your car insurance policy does not necessarily terminate at the end of each policy term, so it isn't safe to assume that you can just cancel by failing to pay your next bill.

There are health insurance plans, especially those provided by life insurance companies that provide you with return of your premiums at the end of the policy term.

At the end of the policy term, the vested bonuses, if any, will be paid.

At the end of your policy term you will receive your premiums back, assuming you did not cancel early, withdraw funds, or die (of course).

Minimum: 18 years (last birthday) Maximum: 50 years (last birthday)(subject to the maximum age at the end of Policy Term being 70 years last birthday).

The maximum age of insured should be of 75 years at the end of policy term.

Return of premium term life insurance is term life insurance with the added benefit of a return of all premiums paid at the end of the policy term, provided you outlive the policy.

There will not be any payout or benefit to the insured at the end of the policy term, if they survive the duration.

Guaranteed Maturity Benefit will be paid to the life assured at the end of the policy term.

At the end of policy term, Nikhil will receive a lump sum benefit of Rs. 1,00,950 (last installment of the Income Benefit along with the Terminal Bonus)

At the end of the Policy Term, you receive 100 % of the premium invested

This acts as a bonus which you will get at the end of the policy term.