Sentences with phrase «attained age of the policyholder»
This means that although the insurance will be priced according to the new attained age of the policyholder, the additional amount of insurance is guaranteed since no medical underwriting is required.
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National Life allows policyholders to convert to issue age for the first five years of the term policy, otherwise the policy converts at your attained age.
The Vesting age is usually 18 years when the child attains majority and becomes the policyholder of the plan.
Under this HDFC life term plan, additional coverage can be decreased by the policyholder after attaining 45 years of age, which subsequently lowers future premiums
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.
After that, when the policyholder attains 100 years of age, the Sum Assured on maturity and any Terminal Bonus is paid.
After the end of the Premium Paying Term, if the policyholder attains 75 years of age, the Sum Assured on maturity is paid again.
On Maturity, i.e. when the policyholder attains 75 years of age, the Guaranteed Maturity SA + Accrued Paid Up Additions + Terminal Bonus, if any is paid to the policyholder
Furthermore, under the third part, the life cover runs post maturity till the policyholder attains 80 years of age and at that time another 100 % of the Sum Assured is paid to the policyholder.
On Maturity, when the policyholder attains 85 years of age, accrued bonuses including Terminal Bonus, if any, are paid out.
But, after the child attains 18 years of age, he is legally matured and then the policy ownership transfers in his name automatically making him the policyholder.
Guaranteed benefit @ 7.5 % of the Sum Assured is paid every year, after maturity, till the policyholder attains 85 years of age.
Paid - Up Additional Insurance Paid - up additional insurance is also referred to the option of the policyholder to use the dividends or the additional premiums to purchase an additional insurance within the same plan having the amount determine through the attained age of the insured.
Earlier, most of the health insurers used to set an exit age (70 - 80 years) attaining which the policyholder would become ineligible for getting his policy renewed.
On death of the policyholder, higher of the Sum Assured net of partial withdrawals made in the last 2 years if the age attained was less than 60 years orFund Value subject to a minimum of 105 % of all premiums paid till death is payable
If the policyholder survives till maturity, i.e. if he attains 100 years of age, higher of the Guaranteed Sum Assured or 10 times the annual premium paid or 105 % of all premiums paid including vested bonuses accrued post the Premium Paying Term and any Terminal Bonus is paid
On maturity when the policyholder attains 85 years of age, the accrued bonuses along with any Terminal Bonus is paid to the policyholder
Guaranteed payouts @ 7.5 % of the Sum Assured is paid every year after the completion of the Premium Paying Term and till the policyholder attains 85 years of age
· On death of the policyholder, higher of the Sum Assured including top - up Sum Assured net of partial withdrawals made 2 years prior to death or the Fund Value including the top - up Fund Value is payable to the nominee if age attained was less than 60 years
In case the nominee is yet to attain 18 years of age, the policyholder needs to mention an appointee.
On death of the policyholder, higher of the Sum Assured SA net of partial withdrawals made in the last 2 years if the age attained was less than 60 years or Fund Value subject to a minimum of 105 % of all premiums paid till death is payable
On Maturity when the policyholder attains 85 years of age, Sum Assured + Vested Bonus + Terminal Bonus, if any is paid
National Life allows policyholders to convert to issue age for the first five years of the term policy, otherwise the policy converts at your attained age.
As such policyholder may defer the vesting age maximum to 75 years, till he / she attains the age of 55 years.
As the policyholder attains the age of 75 years or on the policy anniversary (whichever happens later), the following benefit shall be paid: Guaranteed Maturity Sum Assured + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) where Guaranteed Maturity Sum Assured is the total guaranteed sum to be received at the end of the policy term Accrued paid - up additions are any additional coverage provided by the company (if applicable) Terminal bonus is the bonus to be received at the end of the policy term (if applicable)
For the members of UK registered pension scheme transferring their pension benefit into this scheme the provisions pertaining to cancellation, surrender and policy discontinuance shall not be applicable to policyholder until the policyholders attains the age of 55 years.
Sum assured plus accrued bonuses and the terminal bonuses, if any, on the policyholder attaining age 80 years or on expiry of term of 40 years from the date of commencement of the policy whichever is later
If the policyholder survives till maturity, i.e. after attaining 100 years of age, the maturity benefit would be paid depending on the death benefit option chosen.
The policyholder gets the maturity benefit on attaining 100 years of age or immediately after attaining this age.
Guaranteed Maturity Sum Assured + Accrued Paid - Up Additions (if any) + Terminal Bonus (if any) is payable to the policyholder as Maturity proceeds on the policy anniversary immediately following or coinciding with Life Insured attaining age of 75 years.