Sentences with phrase «cent of the sum»

Also, air ambulance expenses are covered up to 10 per cent of the sum assured per policy period.

Adding it provides monthly income security in the event of accidental disability by typically providing a regular monthly income equal to 1 per cent of sum assured for a fixed period of 10 years.

It has put a cap of 25 per cent of the sum insured for such treatments.

In case of partial disability, it will pay anywhere between 2 per cent and 75 per cent of sum assured depending on the level of disability.

It offers tax - free regular income at a guaranteed rate of 11 per cent of the sum assured or paid sum assured, for 15 years after maturity.

On reports that former Military Administrator of Kaduna State and a Chieftain of the All Progressive Congress, APC, Gen. Lawal Jafaru Isa (rtd) refunded some amount of money, the source added: «He admitted collecting money from ONSA and he has refunded 60 per cent of the sum credited to him.

In 2012 the total cost amounted to US$ 1436 billion, with nearly 40 per cent of this sum borne by developing countries, the calculations show.

Where a pooled payroll is small enough that 0.5 per cent of the sum of the paybills is less than the full monthly levy allowance (# 1,250), no levy payment will be triggered.

Even with splits of eligible pension income, they would each face clawback tax at 15 per cent of sums over the threshold of about $ 73,000.

In MetLife's Mera Term Plan, the secondary policyholder can get up to 50 per cent of the sum insured.

Harsh Roongta, CEO of Apnapaisa, says that only a premium equivalent to 10 per cent of sum assured under a policy will be eligible for tax deduction under Section 80 C and you can not claim tax exemption under Section 10 (10D).

Additionally, the plan allows only 50 per cent of the sum insured to be claim for complicated surgeries in Grade A. Say you have a sum - insured of Rs 10 lakh, the cover would allow you to claim only Rs 5 lakh.

Jon has pledged that if FUZE exceeds its funding goal, the company will dedicate 20 per cent of the sum to donating FUZEBOXES to schools in need, as well as increasing the number of free workshops.

In - case of death or accidental total permanent disability, a guaranteed monthly income of 1 per cent of the sum assured (12 per cent per annum) is paid till the end of the policy term or at least for a period of 10 years, whichever is higher.

Policyholders, who paid premiums exceeding 20 per cent of the sum assured, were removed from the ambit of Section 10D and Section 88 of the Income Tax Act, with effect from April last year.

Income from all mutual funds,unit - linked insurance plans (Ulips), money - back policies or simply, all insurance policies where the annual premium is more than 5 per cent of the sum assured will attract a 5 per cent tax, according to the Direct Tax Code Bill placed in the Lok Sabha today.

Income from all mutual funds,unit - linked insurance plans (Ulips), money - back policies or simply, all insurance policies where the annual premium is more than 5 per cent of the sum assured will attract a 5 per cent tax.

Income Plus Option: The entire death benefit due is paid to nominee and he also receive a monthly income equal to 0.5 per cent of the sum assured for the next 10 years.

Also, the plan lets only 50 per cent of the sum insured to be claimed for complicated surgeries in Grade A. For example if you have a sum - insured of Rs 12 lakh, the cover would allow you to claim only Rs 6 lakh.

If it's a policy issued before April 1, 2012, the premium should not be more than 20 per cent of the sum assured.

Note that in cases where maturity amount is below 10 per cent of the sum assured, no tax is levied under Section 10 (10) D.

However, Suresh Surana, Founder, RSM Astute Consulting, a tax advisory firm, explains that to be eligible for these tax benefits, the premium paid should not be more than 10 per cent of the sum assured under the policy if it's a policy issued after April 1, 2012.

Apollo Munich, for instance, provides free checkup worth one per cent of the sum insured, up to Rs 5,000 per insured person, once after every two continuous years.

The policyholder can decide to withdraw his savings anytime during the Flexi benefit period (that is, the last 10 years of the policy term) and avail the maturity benefits (100 per cent of sum assured plus accrued reversionary bonus till date plus terminal bonus, if any).

In India, the premiums cost 0.5 - 1 per cent of the sum insured and the covers offered can be customised according to the need of the production houses.

For instance, Bajaj Allianz offers up to one per cent of the sum insured, or up to Rs 5,000 on a weekly basis, in case of permanent total disability, in case of the premium personal policy.

Save Assure is a traditional endowment plan that protects finances by providing guaranteed returns with policy terms of 15 and 17 years, premium payment terms of 10 and 12 years, no premiums payable in the last five policy years and guaranteed return of 115 per cent of the sum assured, the company said.

Life Long Assure is a non-linked whole life plan with a cover up to age of 100 years, cash bonus starting from end of 6th year, guaranteed cash back starting from end of premium payment term and guaranteed benefit of up to 300 per cent of sum assured on maturity or death, whichever is earlier, the release said.

Only 10 per cent of the sum assured is given on death and the balance is paid as yearly installments of 6 per cent each over the next 15 years.