Sentences with phrase «decided by the policyholder»

Typically term insurance lasts 10, 15, 20, 25, 30 or 35 years with the policy duration decided by the policyholder before their coverage begins.

The insured can even opt for multiple nominations wherein the sum assured is divided among all the nominees depending upon the break up percentage decided by the policyholder.

Typically term insurance lasts 10, 15, 20, 25, 30 or 35 years with the policy duration decided by the policyholder before their coverage begins.

Combination of the above two options as decided by the policyholder at the time of initiation of the policy.

Part of the premium is taken away to provide insurance by deducting mortality charges, and part of it is kept aside for investment, which is decided by the policyholder as per his / her risk appetite and is based on market performance.

Not exact matches

Aside from the state minimum requirements, motorists should take the time to decide if they could benefit from higher liability limits to protect assets, and whether or not optional coverage would be needed such as comprehensive and collision to pay for a loss sustained by a policyholder's vehicle.

Some insurers appoint a surveyor to decide the IDV of a particular two - wheeler which may cause additional charges borne by the policyholder.

Universal life is another, more flexible type of permanent policy, allowing the policyholder to increase or decrease the death benefit at any time, and decide how much or little to pay in premiums, within limits set by the company.

By law, when these «overpayments» reach a certain amount, they must be available to the policyholder as a cash value if he or she decides not to continue with the original plan.

Charges Levied by the Government in Future In future the Company may decide to pass on any additional charges levied by the governmental or any statutory authority to the policyholder.

When IUL policyholders decide to put funds in an indexed account — rather than receiving an interest rate chosen by the life insurance company, their cash value may be eligible to receive what is known as «indexed interest credits.»

If the court decides any amount above that slab, the remaining amount will be paid by the policyholder.

Deferred Annuity Plans: In case of deferred annuity, the pension does not commence immediately; it is «deferred «up to a time, which is decided upon by the policyholder.

If policyholder dies, the child gets a lump sum that is a multiple of the annual premium — decided by the age at which the plan was bought: if between 18 and 40 years, the multiple is 10 times annual premium; till 44, it reduces to 9 times and so on.

In case of instant Annuity, a lump sum is payable by using the policyholder and annuity bills starts right now from the subsequent duration decided on.

In case of immediate Annuity, a lump sum is payable by the policyholder and annuity bills starting right now from the subsequent duration decided on.

Charges Levied by the Government in Future In future the Company may decide to pass on any additional charges levied by the government or any statutory authority to the policyholder.