Sentences with phrase «company.a simple reversionary bonus»
Terminal Bonus — A Terminal Bonus is a percentage of the accrued simple reversionary bonus which the company may declare.
http://www.investmentpedia.org/
Non-Guaranteed Annual Simple Reversionary Bonus gets accrued to the policy at the end of each year provided all due premiums are paid.
Maturity Benefit — In case the policy holder survives the entire tenure of the policy then he / she will be liable to avail maturity benefit as final instalment of survival benefit along with terminal bonus plus vested simple reversionary bonus.
Death Benefit - In case of uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus if any.
These bonuses can be of different types like Simple Reversionary bonus, Loyalty addition, Final Additional bonus etc., So, traditional plans have two components i.e. i) Life cover & ii) Investment Component.
The benefit is payable at the rate of 25 % of the Basic Sum Assured chosen by the policyholder and 25 % of the accumulated Simple Reversionary Bonuses.
Simple reversionary bonus and terminal bonuses (if any) are paid out along with maturity benefit as well as death benefit.
Under this LIC child plan, in case of death post the deferment period, the Sum Assured on death which is higher of 125 % of the chosen Sum Assured or 10 times the annual premium, vested simple reversionary bonuses and a Final Additional Bonus, if any, is paid subject to a minimum of 105 % of all premiums paid till the date of death
Under this LIC child plan, in case of death post the deferment period, the Sum Assured on death which is higher of the chosen Sum Assured or 10 times the annual premium, vested simple reversionary bonuses and a Final Additional Bonus, if any, is paid, subject to a minimum of 105 % of all premiums paid till the date of death
LIC Jeevan Pragati offers both simple reversionary bonuses and final acquired bonus to the basic sum assured, throughout the term of the policy.
Under the Endowment Option, 125 % of Sum Assured and accrued simple reversionary bonuses with any Terminal Bonus is paid on maturity
Simple reversionary bonuses and a final bonus at the end of the plan, if any, is payable under this LIC child plan.
In case the insured dies after the completion of first 5 years of the policy, the nominee of the policy receives the basic sum assured + accrued guarantee addition + simple reversionary bonus + final reversionary bonus (if any), which can be paid as a lump - sum or as an annuity, or as a combination of two.
Simple reversionary bonuses accrue from the 3rd policy year and thereafter till the end of the term.
On maturity, the accrued simple reversionary bonuses and any Terminal Bonus is paid.
On maturity date, the Sum Assured on maturity plus the vested simple reversionary bonuses including any Terminal Bonus is payable
On Maturity the Guaranteed Sum Assured on Maturity is payable which is equal to basic SA including accrued Guaranteed Additions @ 7 % and vested Simple Reversionary Bonuses
Simple reversionary bonuses accrue from the 3
In case of plan maturity, the Sum Assured on maturity and the vested simple reversionary bonuses with any Terminal Bonus is payable
On maturity, the accrued simple reversionary bonuses and any Terminal Bonus is paid to the policyholder
Hence, the additional Simple Reversionary bonus is payable at the end of the policy.
The principal sum amount created to provide pension to the old age is the sum assured + simple reversionary bonus + accrued guaranteed additions + terminal bonus.
Along with the death benefit and maturity benefit the plan provides terminal bonus (if any) and simple reversionary bonus.
On death of the policyholder, higher of the basic SA on Maturity including Simple reversionary bonuses and Terminal Bonus, if any, or 11 times the annual premiums subject to a minimum of 105 % of premiums paid is payable
Simple Reversionary Bonuses (per thousand Sum Assured) are declared at the end of every financial year for the entire policy term until the final payment is done.
The insured either gets the death benefit or the survival benefit as the case may be.The returns from a monthly income plan is fixed and guaranteed as it is untouched by market fluctuations.The insured also gets terminal bonus and simple reversionary bonus.
On maturation, the policy pays a guaranteed amount of 40 % of Base Sum Assured plus accrued Simple Reversionary Bonus and Terminal Bonus if applicable.
These Simple Reversionary Bonuses become a part of guaranteed benefits, once declared.
Guaranteed Smart Benefits, Simple Reversionary Bonus and Terminal Bonus further increase the corpus built
The plan accumulates simple reversionary bonuses by participating in the profit of the company and final addition bonus is declared on the basis of the experience of the company.
Death Benefit: In case of the demise of the insured person the beneficiary of policy LC Jeevan Anand is payable of total sum assured amount along with the simple reversionary bonus and the tenure of the policy continues to be inforce.
If the life insured survives the whole tenure of the policy, then the sum assured on maturity i.e. 40 % of the basic sum assured + simple reversionary bonus + final additional bonus (if any) is payable after the maturity of the policy.
Guaranteed Smart Benefits are paid for 4 years @ 25 % of the Basic Sum Assured and 25 % of the vested Simple Reversionary Bonuses after the child attains 18 years and till he reaches 21 years
When the policy tenure ends, the insured gets terminal bonus and simple reversionary bonus.
Maturity Benefit: in case the life insured survives the entire tenure of the policy then a basic sum assured amount along with the accrued bonus or simple reversionary bonus is paid to the insured as maturity benefit after the completion of whole policy year.
On the death of the policyholder, the beneficiary receives the following Death Benefits: (1) Death Sum Assured plus Accrued Simple Reversionary Bonus.
The reversionary bonus consists of two types: the simple reversionary bonus that does not add on to the sum assured and the compound reversionary bonus that adds to the sum assured.
Simple Reversionary Bonus is added to the policy from the start of the third policy year and continues until maturity.
At the end of the tenure, the nominee is paid out terminal bonus and simple reversionary bonus.
Maturity Benefit is paid if the person whose life is insured is alive when the policy matures, he or she receives 40 % of the Base Sum Assured plus accrued Simple Reversionary Bonus plus Terminal Bonus.
Vesting Benefits If the insured survives and the policy is in - force till Vesting Date, the Vesting Benefit shall be: Base Sum Assured + Accrued Simple Reversionary Bonus + Terminal Bonus, if any.
In addition to Simple Reversionary Bonuses, the Company may also declare Terminal Bonus from year five onwards.
In the event of the unfortunate death of the Life Assured, the nominee shall receive Sum Assured on Death (as described below) plus the accrued Simple Reversionary Bonuses plus Terminal Bonus, if any, subject to 105 % of all premiums paid as on date of death and the Policy shall terminate.
Death Benefit = Sum Assured on Death + vested Simple Reversionary Bonuses + Final Additional Bonus if any.
In case of survival till the policy end, one will get Basic Sum Assured + vested Simple Reversionary Bonuses + Final Additional Bonus, if any as maturity benefit.
After the death of policyholder, lump sum amount is given to the nominee, equal to the total of sum assured of the policy + simple reversionary bonus + additional bonus if any.
Beneficiary gets Death Sum Assured plus vested simple reversionary bonus as on date of death, along with Interim bonus, if any
The maturity payouts are enhanced through Simple Reversionary Bonuses and Terminal Bonus, if any
Beneficiary gets Death Sum Assured plus Vested Simple Reversionary Bonus as on the date of death after deducting Reversionary Bonus already paid as a part of Income Benefit, along with interim bonus and terminal bonus, if any.
Death benefit will be Sum Assured + vested Simple Reversionary Bonuses + Final Additional Bonus, if any.