Sentences with phrase «cumulative premiums»

A comprehensive savings plan that not only protects your family, but also helps you meet your financial goals with guaranteed additions of up to 10 % p.a. of cumulative premiums paid year - after - year.

At the end of the level premium period, the cash value of the in - force policy equals the total of cumulative premiums paid, less any charges for substandard ratings and riders.

Annual Guaranteed Additions is 10 % on cumulative Premiums paid.

Charlie has a $ 500,000 whole life insurance policy with an $ 80,000 cash value, into which he has paid $ 65,000 of cumulative premiums over the years.

Unlike regular term policies, return of premium term life insurance rewards you for keeping the policy by giving a guaranteed return of your total cumulative premium paid on the policy during the level term period, not including substandard (extra charges for health) and rider charges (extra benefits such as disability coverage), if any, which will be paid to the policy owner at the end of the level term period if the policy is then in force.

A modified endowment contract (MEC) is a tax qualification of a life insurance policy whose cumulative premiums exceed federal tax law limits.

For the first ten months of the current financial year 2013 - 14, the premium collected by public general insurance companies grew by 11.77 per cent from a year earlier to Rs 35,674.79 crore, where as private players» cumulative premium during April - January of the ongoing fiscal increased 16.17 per cent to Rs 28,091.97 crore.

Additionally the nominee will also receive an amount equal to higher of the Fund Value or 105 % of cumulative premiums paidTotal amount invested in Max Life Forever Young Pension Plan - Rs. 10,000 x 12 x 10 = Rs. 12,00,000

A comprehensive savings plan that not only protects your family, but also helps you meet your financial goals with guaranteed additions of up to 10 % p.a. of cumulative premiums paid year - after - year.

PNB MetLife Guaranteed Savings Plan is a guaranteed savings insurance plan that helps you fulfil your dreams by offering lump sum benefit on maturity along with guaranteed additions on cumulative premiums.

These are calculated as 5 % of cumulative premiums paid till that policy anniversary

Return of premium life insurance gives you all the benefits of a traditional term life insurance policy, plus the additional benefit of having all of your cumulative premiums paid back to you at the end of the policy

3 Premium based charges are a percentage of premium payments calculated based on the cumulative premiums.

At the same time you should know that being normally equal to your cumulative premium, the return of the premium does not include extra health charges or rider charges.

The cumulative premium they pay for the family is lesser when compared to the premium payable separately for every individual in the family.

Guaranteed Additions accrue under the plan @ 5 % of the cumulative premiums paid in the first five years of the policy

While policy owners are allowed to withdraw funds from the cash value component of a permanent life insurance policy — subject to the amount of the available funds that are in the account — a withdrawal that exceeds the amount of cumulative premiums that have been deposited can be taxed.

Return of premium life insurance gives you all the benefits of a traditional term life insurance policy, plus the additional benefit of having all of your cumulative premiums paid back to you at the end of the policy

While called the 7 pay test, it is not consequential how many payments are actually made, it refers to the cumulative premium payments that may be made in the first 7 years of a life insurance contract.

Which means if a life insurance policy's face value is paid out because it «matured» — the insured actually lived to the end of the time horizon — the proceeds are fully taxable as ordinary income (to the extent the final proceeds are greater than the cost basis of the policy based on the cumulative premiums paid over the years).

Pension Maximiser Option: you will receive an amount equal to the higher of Fund Value or 101 % of cumulative premiums (including top up premiums, if any) at maturity.

Guaranteed Additions accrue @ 5.5 % or 6 % of the cumulative premiums paid depending on the premium range

Guaranteed Additions are paid every year as a % of cumulative premiums paid and depend on the term and premium amount

Preserver Option: you will receive an amount equal to the higher of Fund Value or 110 % of cumulative premiums (including top up premiums, if any) at maturity.

This plan helps you to achieve your dreams by offering lump sum amount on maturity and also provides guaranteed additions on cumulative premiums

A retirement solution which provides guaranteed maturity benefit, guaranteed addition of 5 % of cumulative premium p.a. for the first 5 years and a reversionary bonus from 6th year onwards.

It is calculated as 5 % of cumulative premium (excluding rider premium) paid till that policy anniversary.

The cumulative premium is now «2,00,000 with «20,000 as guaranteed additions (10 % of cumulative base premium)

In the event of death of the life insured, the Death Benefit payable is higher of Fund Value or 105 % of the cumulative premiums paid (including top - up premiums).

Scenario B: Rahul dies within the Policy Term In the event of death of Rahul, the Death Benefit payable is the higher of Fund Value or 105 % of the cumulative premiums paid.

Death Benefit (higher of the Fund value * or 105 % of the cumulative premiums paid) with Max Life Partner Care Rider: @ 4 % is Rs. 23,94.687 ** and @ 8 % is Rs. 26,65,400 **