Sentences with phrase «benefit on the annual premium»

Section 80C of the Income Tax Act allows tax benefit on the annual premium and section 10 (10D) makes maturity claims completely tax - free.

Not exact matches

With that said, we're not comparing apples to apples here as there are some premium cards on this list with hefty benefits and equally hefty annual fees.

The federal and provincial governments are looking at a possible increase in the $ 55,000 cap on annual maximum pensionable earnings, which would result in both higher premiums and increased pension benefits.

Death Benefit Payable: In the event of death, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the cuBenefit Payable: In the event of death, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the cubenefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the cubenefit option selected by the customer.

This is a premium credit card with a ton of perks, including a $ 200 annual airline fee credit, Centurion Lounge access and Delta Sky Club access when flying Delta, Gold status with Starwood and Hilton, 5x points on airfare and more, so those benefits come with a significant, recently increased annual fee of $ 550.

But the premium bank chequing accounts often come with extra benefits like free money orders, annual fee waivers on premium credit cards, discounts on safe deposit box rentals etc. that Manulife One doesn't currently offer.

of the Policy and all premiums are duly paid, then a Maturity benefit as a percentage of Annual Premium is payable to the Policyholder on the date of maturity

You can benefit from a decreased annual mortgage insurance premium and up - front mortgage insurance premium if your original FHA loan was endorsed on or before May 31, 2009 (saving money is always a plus, right?)

While the annual fee on this card is now $ 95 (a $ 30 increase from what it was in the past), it can still be well worth it considering the benefits: you get free premium internet, AMEX Boingo access, and no foreign transaction fees.

* One of the best balance transfer cards around, the Citi Diamond Preferred card features the lengthiest 0 % intro APR period on balance transfers of the credit cards above — 21 months — as well as a $ 0 annual fee and premium benefits.

For maximum earnings potential, the Sapphire Reserve is Chase's high - end premium card, earning 1 point per dollar on travel and dining along with many other benefits, but the annual fee is much higher at $ 450 per year.

While a lot of people agreed that high annual fee cards are often not worth keeping beyond the first year, we were reminded by one of our regular readers Darth Chocolate that people who travel internationally on a frequent basis and truly utilize a premium card's benefits can find real value in that high annual fee.

And as seen above, the benefits this card can confer on you are far, far more valuable than $ 250, so always consider the return in value you are getting when looking at paying a high annual fee for a premium card like the Platinum Card ®.

On the other end of the spectrum, premium cards typically have huge annual fees and lots of benefits and perks.

Both of these cards are excellent for students because they are providing you with rewards and benefits that are truly on par with premium travel cards and yet you pay no annual fee.

In the premium credit card space, issuers pile on the luxury benefits for a three - figure annual fee.

When paying the annual premium on this type of policy, the money needs to fund both of these components, so these policies are considered expensive when compared to benefit - efficient term insurance.

The amount of cash you can receive depends on your remaining life expectancy, your policy's annual premiums and death benefit, the rate of return the buyer demands, and other factors.

The death benefit payable will be higher of 5, 7 or 10 times of the annual premium depending on the age and the tenure or 105 % of aggregate premiums paid until death or the Death Sum Assured or the Maturity Sum Assured.

In case of death of the insured during the tenure of the plan, the death benefit will be payable which will be higher of the Sum Assured or 10/7 times the annual premium paid depending on the age of the policyholder or 105 % of all premiums paid till the date of death.

Survival benefits are paid post the completion of the premium paying term till the end of the tenure except on maturity equal to 150 % of the annual premium

On death of the policyholder, the nominee gets the death benefit which is higher of the Sum Assured / 10 times Annual Premium / 105 % of total premiums paid

In case of death of the insured during the plan tenure, a death benefit which is higher of the minimum Sum Assured or 10 or 7 times the annual premium paid depending on the age of the policyholder is payable to the nominee subject to a minimum of 105 % of all premiums paid till the date of death

You purchase long - term disability insurance with premiums, monthly or annual charges that are calculated based on such variables as your coverage needs, medical history, and benefits period length.

All future premiums are waived off and paid for by the company under the Additional Savings Benefit, an amount equal to an annual premium is paid every year till the end of the term under the Income Benefit and on Maturity, total Fund Value including the top - up Fund Value which was automatically allocated to the Secure Fund on death is paid

While it can vary greatly depending on the specifics of your circumstances, a reasonable rule of thumb is to expect $ 2 - $ 2.50 in monthly benefits for every $ 1 in annual premium.

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.

You can enjoy insurance benefits by paying a nominal premium on an annual basis.

The Sum Assured on death will be higher of 10 or 7 times the annual premium paid or basic SA + additional death benefit

Also you must take into account the tax benefit of up to Rs 15,000 (Rs 20,000 for senior citizens) you get on the annual premium amount on the health insurance policy.

Tax Benefits: Avail benefits on income tax under section 80C, for your annual Benefits: Avail benefits on income tax under section 80C, for your annual benefits on income tax under section 80C, for your annual premium.

A Term Life policy pays a benefit to the beneficiaries only if the policy holder dies during the time period for which the policy was initially contracted and has remained current on their annual or monthly premium payments.

AsDeath benefit, Nominee gets 0.25 percent compound annual interest on total premium, vested reversionary bonus, and terminal bonus or 105 percent of total paid premium.

The premium payment is annual for 30 years of the policy tenure In case of all the above 9 options, the death benefit amount will be paid in lump sum on diagnosis of terminal illness.

Split dollar insurance: An arrangement between two people (often an employer and an employee) where life insurance is written on the life of one who also names the beneficiary of the net death benefits (death benefits less cash value), and the other is assigned the cash value (or equivalent amount of death benefits), with both sharing the premium payments (usually the noninsured paying a portion equal to the increase in cash value each year and the insured paying the balance of the annual premium).

The Minimum Death Benefit is higher of the basic SA or 11 or 7 times (depending on age) the annual premium or 105 % of all premiums paid till date of death.

On survival until the end of the premium payment term, the policyholder receives a Survival Benefit that amounts to 150 % of the Annual Premium on the policy anniversaries as mentioneOn survival until the end of the premium payment term, the policyholder receives a Survival Benefit that amounts to 150 % of the Annual Premium on the policy anniversaries as mentioneon the policy anniversaries as mentioned:

The nominee gets the Sum Assured (SA) on death of the policyholder which is higher than 10 times the annual premium or 105 % of all premiums paid till death under the Lump sum Benefit option.

The Basic Death Benefit is higher of 11 or 7 times (depending on age) the annual premium or the Guaranteed minimum death benefit or 105 % of all premiuBenefit is higher of 11 or 7 times (depending on age) the annual premium or the Guaranteed minimum death benefit or 105 % of all premiubenefit or 105 % of all premiums paid

The minimum death benefit will be 110 % or 125 % of the Single Premium depending on age or 5 times the annual premium for policy term of 5 - 9 years or 10 or 7 times the annual premium for policy term of 10 years or more.

Double tax benefits: One major advantage of endowment plans is that they offer tax benefits as per the Income Tax Act, under Section 80C on the annual premium, and under Section 10D on the death benefit.

Death Benefits: On death, the nominees get the higher of, the basic sum assured or 10 times the annual premiums and vested bonuses subject to a minimum of 105 % of all premiums are paid out.

The Sum Assured on death is higher of 11 or 7 times (depending on age) the annual premium or the Basic SA or the Guaranteed Maturity Benefit

According to the plan, the policyholder receives an assured annual income as Maturity Benefit and an additional benefit of up to 4.5 times the annual premium, depending on the age of the policyBenefit and an additional benefit of up to 4.5 times the annual premium, depending on the age of the policybenefit of up to 4.5 times the annual premium, depending on the age of the policyholder.

Few companies asks same premium amount irrespective on the type of payout, but some companies may offer a lower annual premium when you opt for a lump sum benefit as compared to the staggered monthly payouts.

Death or disability Benefit: If the policyholder dies or suffers disability during the policy term, the nominee shall be paid a lumpsum amount that will be equal to 1.10 or 1.25 of the single premium paid or 5/7/10 times of the annual premium paid depending on the age of the insured and policy term.

Rs 5000 / Rs 10000 / Rs 20,000 / Rs 20,000 / Rs 20,000 is payable as an additional benefit on maturity per Rs 20,000 premium in excess of Rs 40,000 annual premium.

Most guaranteed life insurance policies also provide a graded benefit in the first two years the policy is active — meaning that if a policyholder dies prior to that milestone date, the company will simply refund the annual premium, plus interest on the payments.

The plan provides for annual survival benefits from the end of the premium paying term till age 99 and a lump - sum payment at the time of maturity or on death of the policyholder during the policy term.

Mr. Chirag at 35 years of age, opts to buy HDFC Life YoungStar Udaan (career maturity benefit option with classic waiver death benefit option) with the policy term of 15 years, premium payment term of 10 years, annual premium amount of Rs 50,000, and sum assured on maturity of Rs 5,00,000.