Sentences with phrase «bonus as a lump sum amount»
Not exact matches
As well, any lump sum amounts that may come your way, like annual bonuses at work or a small inheritance from family and loved ones can also be targeted to earlier RRSP and TFSA contributions.
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The policy offers you a life insurance cover that gives your family a lump sum amount as well as the vested bonuses and terminal bonus (if any) in the policy.
In case of demise of the life insured when the dependent is alive 20 % of the sum assured + guaranteed bonus + terminal bonus if any is paid to the nominee as lump - sum amount and the rest 80 % of the sum assured is utilized to pay annuity for 15 years and life thereafter depending upon the age of the handicapped dependent.
On the maturity of the policy 20 % of the sum assured + guaranteed bonus + terminal bonus (if any) is paid as a lump - sum amount to the insured and the rest 80 % of the sum assured is utilized to pay annuity according to the chosen option (on the age of the handicapped dependent)
At maturity, he would receive a lump sum amount of Rs 3 lakh or Rs 1.68 lakh, projected at 10 percent or six per cent respectively, as vested reversionary bonus.
As the policy term progresses, these benefits in the form of Bonuses keep accumulating and at the time of matuirty, policy holder gets lump sum amount i.e. Sum Assured + Bonus.