Sentences with phrase «charged on these types of life insurance»
Because there is no medical exam, the premium that is charged on these types of life insurance policies is typically higher than those that are medically underwritten.
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In the initial years, the life insurance company deducts lot of charges from premium amount, and then it invests the remaining amount in various financial securities (depending on the type of fund you choose).
If you disagree to any of the terms or conditions in the policy, you can cancel the life insurance policy within 15 days from the date of receipt of the policy document In such type of cancellation you are entitled to get a refund of the premium paid after deduction of the applicable charges In case of ULIPs, you can: Make partial withdrawals, Make fund switches, Make premium redirection For more information on our life insurance products, click here!
If you buy a pension plan with life cover, you need to pay higher premiums, as it provides additional benefits of insurance, the rate of premium charged by your insurer depend on the type of plan and its benefits offered.