Sentences with phrase «avail annuity»
Maximum pension plans will permit individuals to avail annuity payouts on a monthly, quarterly, half - yearly or every year basis.
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On death of the insured, higher of the fund value or 105 % of all premiums paid or total premiums compounded at 0.5 % - 3 % depending on the risk profile chosen, is payable to the nominee who can withdraw the entire amount or use the amount to avail annuity from the company
Under this HDFC pension plan, on vesting, the policyholder can commute 1 / 3rd part of the corpus and avail annuity from the remaining part or avail immediate annuity from the entire corpus or use the proceeds to buy a Single Premium Deferred Annuity plan from the company.
The nominee has the option to either take the benefit in cash or avail annuity
The nominee can withdraw the entire amount in lump sum or choose to avail annuity from the amount.
The insured can commute 1 / 3rd of the corpus (tax - free) and avail annuity from the remaining part or avail immediate annuity form the entire corpus or use the funds to buy Single Premium Deferred Annuity plan from the company
The nominee can choose to either withdraw the amount entirely in lump sum or avail annuity from the amount.
On death before the vesting period, higher of the fund value or 105 % of premiums paid till the date of death is paid to the nominee who can either avail the death benefit in lump sum or avail annuity from it.
Thus, one of the best frugal living tips would be to avail the annuity benefits to the maximum.
There are three annuity options under the Reliance retirement plan to choose from if the policyholder commutes 1 / 3rd of the corpus and avails annuity from the remainder.
Moreover, the Purchase Price, i.e. the single premium paid for availing the annuity is returned on death or in case of a Critical Illness under the relevant annuity options under this HDFC pension plan
The Purchase Price, i.e. the single premium paid for availing annuity is returned on death or in case of a Critical Illness under relevant annuity options
Not exact matches
For the minimal amount of $ 50 per month, a client may avail of the annuity.
The policyholder can utilise the maturity proceeds to avail a Deferred Annuity plan with one - time premium from the company or withdraw 1 / 3rd amount of the corpus thereby leaving 2 / 3rds for annuity payouts.
Insurance under this plan is a subject to a solicitation, which the policyholder can choose to avail along with his annuity benefits.
In case of death post the first 5 years, the chosen Sum Assured under the LIC pension plan including the accumulated Guaranteed Additions, Simple Reversionary Bonuses and Final Additional Bonus, if any till the date of death is payable to the nominee who can avail the death benefit whether in lump sum or annuity or partly in lump sum and partly in annuity depending on his choice
Vesting: Policyholder can purchase an annuity from the company with multiple options like availing a joint life annuity guaranteeing regular income until the policyholder or his spouse is alive.
Pension plans help you to achieve this objective by providing you with a fixed annuity throughout your life as well as lump sum amounts that can be availed immediately post retirement or at a later date.