Sentences with phrase «benefits under a single policy»

The plan offers a comprehensive plan benefits under single policy to achieve the milestones in your life like buying a house, child education, funds for retirement, etc.The plan offers extended life cover which exists even after the policy matures.

The plan offers a comprehensive plan benefits under single policy to achieve the milestones in your life like buying... Read more

With so many benefits under a single policy, it is very much necessary for a buyer to understand the key aspects about endowment plans.

Not exact matches

It covers two people under a single policy and provides flexibility in terms of premiums and benefits.

Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy if 2 full years» premiums have been paid under regular and limited pay plans and if 1 full year's premium is paid for single pay Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy if 2 full years» premiums have been paid under regular and limited pay plans and if 1 full year's premium is paid for single pay policy if 2 full years» premiums have been paid under regular and limited pay plans and if 1 full year's premium is paid for single pay plans.

The family floater benefits by giving comprehensive protection to one's family members under a single policy.

Policy termination or Surrender Benefit: Surrender Value is only applicable under Single Pay plans where the Surrender ranges from 60 % -100 % depending on the year of surrender.

Under Bajaj Allianz Fortune Gain, the maturity benefit will be the single premium fund value plus top up premium fund value, if any, both as on the maturity date, provided the policy is in - force.

Endowment plans such as LIC single premium policy allow an insured to avail tax benefits under section 80C of the Income Tax Act and even section 10 (10D), subject to certain stipulations

Policy Termination or Surrender Benefit: For Single Premium policies, applicable under Option A, the policy can be surrendered after the first policyPolicy Termination or Surrender Benefit: For Single Premium policies, applicable under Option A, the policy can be surrendered after the first policypolicy can be surrendered after the first policypolicy year.

Policy Termination or Surrender Benefit: there is no option of surrendering the plan under the regular pay option but under the single pay option, the plan acquires Surrender Value which is expressed as a % of the Single Premiusingle pay option, the plan acquires Surrender Value which is expressed as a % of the Single PremiuSingle Premium paid

In addition, the low life insurance cover relative to your premium offered by single premium policies greatly reduces the tax benefits given to insurance under Sections 80C and 10 (10)(D).

You are entitled for a tax free maturity / death benefit under Section 10 (10D) only if the minimum sum assured throughout the policy term remains 10 times the single premium paid.

Under a CVAT test, a life insurance policy's cash surrender value may never exceed the net single premium that would be required to purchase those same future benefits.

Floater cover benefit is offered by insurances to get family (self, spouse, dependent parents, dependent children, brothers and sisters) covered for the same sum insured under a single policy by paying one premium amount.

So in a nutshell, it is important to make sure that you buy the right amount of sum assured or life cover under a life insurance policy with a single premium to take tax benefits.

So one needs to be careful about certain conditions under which the Single Pay Premium Policies can avail the tax benefits.

Let us have a look at certain conditions which will qualify Single Premium Life Insurance Policies to be qualified for Tax Benefits under Section 80 C and Section10 (10D):.

Provisions under Single Pay Endowment Assurance and IndiaFirst Employee Benefit Plan mainly include policy renewal and different types of riders.

Provisions under Single Premium Pension Super and IndiaFirst Simple Benefit Plan mainly include policy renewal and different types of riders.

Single Invest gains are the benefits that are available under the insurance policy.