Sentences with phrase «at time of inception of policy»

Master Policyholder needs to opt for a payout period of 3, 5,10 or 15 years at the time of inception of the policy for the entire scheme.

This option can be exercised only at the time of inception of policy.

4) One needs to select monthly income and its term at the time of inception of policy.

At the time of inception of the policy, the Basic Sum Assured (BSA) would be spread between life cover SA and CI SA in the ratio of 80:20.

However, you must select this option at the time of the inception of the policy.

However, you must select this option at the time of inception of the policy.

The benefit amount depends on the type of benefits chosen at the time of inception of the policy.

Select the annual income amount at the time of the inception of the policy.

While most of the policyholders choose them at the time of inception of the policy, some insurers offer you an option to buy riders later also to expand your insurance coverage.

If the life insured dies during the term of this LIC online term plan chosen by him at the starting of the plan, the death benefit is paid which is equal to the Sum Assured chosen by the policyholder at the time of inception of the policy

Survival Benefit — Here, the regular monthly income that is chosen at the time of inception of the policy for 15 yrs after the end of the premium payment term is paid to the policyholder.

Not exact matches

This can happen if the expected interest paid on the accumulated value of the policy is less than originally assumed at the time of purchase, or if other charges (i.e. mortality charges) increase beyond what is assumed when the premium is calculated at inception.

Insurers can pay death benefit in installments over a definite period of time and at a defined rate of interest, as approved under the «file and use» procedure on the declining balance if such an option is provided at the inception of the policy.

Premium redirection facility is allowed from the second policy year to redirect future premiums into a different fund than that chosen at the time of policy inception under this SBI child plan

Premium redirection facility from second year such that future premiums go into a different fund than that chosen at time of policy inception

The policy holder can opt for Dynamic Fund Allocation at the time of the inception of the plan.

ULIPS are flexible and dynamic in nature In case of ULIPS you can choose the sum assured at the time of policy inception.

This is typically a higher paying discount and a lot of times it is automatically added to your policy when your Motor Vehicle Report is pulled at the inception of your auto policy.

This needs to be selected at the time of policy inception.

The nomination made at the time of policy inception can be changed later using endorsement and by giving the notice of such modification to the office of the insurer.

This varies from policy to policy and also on the policy tenure chosen at the time of policy inception.

Increasing Term Assurance — an option under which the Sum Assured chosen at the time of inception of the SBI term insurance policy increases every year @ 5 % and on death of the insured during the SBI term insurance plan tenure, the Sum Assured as on the date of death is paid to the nominee

Select the Annual Income amount to be paid during the income period at the time of policy inception.

The addition in premium depends on the coverage opted for as declared at the time of the policy inception

In case his death happens immediately after paying 7th annual premium, i.e. when he has turned 41 years old, his nominee would start receiving Rs 80,000 every month in the 7th policy year, which will increase every subsequent year, at a simple rate of 10 % of the monthly payout chosen at inception, till such time when Jeevan would have attained 60 years of age.

The mediclaim policyholder shall have the option to choose one of the above plan options at the time of policy inception, only.

As such, the beneficiary can be any person or entity that had an insurable interest in the life of the insured at the time of the policy's inception.

Guaranteed Maturity Sum Assured is the amount chosen by you at the time of policy inception and has following limits:

The policyholder needs to select this option at the time of policy inception.

Guaranteed Death Benefit is higher of (11 times the Annualised Premium **) or (105 % of all premiums paid by Policyholder as on the date of death of the Life Insured) or (Guaranteed Maturity Sum Assured chosen by the Policyholder at policy inception).

A guaranteed reversionary bonus is declared at the time of policy inception and the amount does not depend upon the insurers» performance.