Sentences with phrase «covered till its maturity»

The policy provided life cover till maturity and a sum assured payable on maturity.»

Along with this amount the balance keeps increasing to cater their long term saving needs and the plan is covered till its maturity.

Not exact matches

One is Term Cover where no maturity benefit is payable and the other is Term with Return of Premium cover where in case of maturity, 110 % of the total premiums paid are returned back to the policyholder if he survives till matuCover where no maturity benefit is payable and the other is Term with Return of Premium cover where in case of maturity, 110 % of the total premiums paid are returned back to the policyholder if he survives till matucover where in case of maturity, 110 % of the total premiums paid are returned back to the policyholder if he survives till maturity.

Furthermore, under the third part, the life cover runs post maturity till the policyholder attains 80 years of age and at that time another 100 % of the Sum Assured is paid to the policyholder.

As indicated by this plan, the protected individual gets the aggregate amount and in addition the reward that comes as maturity benefit, however it ought to be recollected that the life cover picked is legitimate till the demise of the insured.

I have also taken Jeevan Anand and the policy paying term is 21 years and maturity is 80 years, is that something you can suggest what is this 80 years means, is that just life cover or I have wait till 80 years completed to get the benefits?

Some insurers also provides an option to cover new - born babies, from birth till the end of policy tenure or maturity.

Death Benefit: The policy covers the insured till 100 or 85 years of age and in case the insured dies within policy term, the nominee shall be eligible for a sum assured payable on death that is higher of sum assured on maturity or 11 times annualized premium or 105 % of all premiums paid till the date of death

If the policyholder survives till maturity of the policy, you will receive the life insurance cover along with the lump sum amount.

Rajeev is looking to buy a plan to get cover for his entire life plus annual survival benefit till maturity under the policy.

So, while maturity benefit is paid out at a certain age, say 80, even if the insured person lives to say 90 years, insurance cover will remain active till he is alive, and when he dies, his nominee gets the death benefit.

So, when Ishaan will turn 13, he will start getting payouts (15 % of sum assured on maturity every year) which will help Chirag to cover Ishan coaching cost and this payout will continue till Ishaan turns 18 and then he will get a lump sum amount of maturity which will cover his college expense.

This policy ensures financial cover for your family plus build a corpus till maturity of the policy.

LIC New Endowment Plan is a conventional plan which provides risk cover to the policyholder till the selected term and maturity at the end of the term.