Sentences with phrase «during the payout period»

The policyholder receives twelve annual installments of 1.5 times the annual premium, at the end of each policy year during the payout period.

In case of death of the life insured during the payout period, the guaranteed payouts are paid to the nominee till the end of the 17th year.

In the event of your death during the payout period, the remaining annual payouts is paid to the nominee / legal heir.

The insured has the option to change the account details before the payouts start or even during the payout period.

If you want to receive the outstanding maturity benefit as a lump sum at any time during the payout period, the discounted value @ 9 % per annum discount rate is payable.

This return will be provided during the payout period.

In case of demise of the life insured during the policy term, the nominee is entitled to receive the chosen monthly income during the payout period.

The value built up during the accumulation period can be distributed in a lump sum payment or income payments during the payout period.

A systematic withdrawal plan allows you access to assets and gives you the ability to stop or start payments at any point during the payout period.

Below you'll learn more about what happens during the payout period and get helpful personal injury settlement statistics that can give you a sense of how the process may go.

If the person whose life is insured passes way during the payout period, the nominee receives the balance outstanding payouts.

This annual payout is guaranteed during the payout period, provided the life insured is alive and policy is in - force.

The first installment is payable at the end of the first year during this payout period.

Annuitant - The stated person eligible for annuity benefits during the payout period of an annuity contract.

Option B - Income Protection Under this option, the Death Benefit shall be payable as Monthly Income (payouts made each month) to your nominee during the payout period as chosen by you at inception of policy.

The surrender value is equal to the Special surrender value which is equal to Special Surrender Value Factor x (Number of Premiums Paid / Total number of premiums payable) * (Sum of total benefits payable during payout period as described under the Maturity Benefit)

Survival Benefit as guaranteed income every year is payable during the payout period.

On survival of the life Insured till the end of the policy term, the Maturity Benefit is payable as regular monthly payouts during the payout period.

The policyholder can avail the payouts in lump sum any time during the payout period discounted @ 9 %

Three types of Survival Benefit is paid if the person whose life is insured is alive during the payout period.

Monthly Payout — Amount chosen by the policyholder is payable at the beginning of every month during the payout period.

The Company provides an option to the policyholder on survival during the payout period or beneficiary in case of death of Life Insured (called Commutation option) to receive the present value of the outstanding survival and death benefit respectively as lump sum.

Note: In case of death of the life insured during the payout period, the nominee can exercise an option to either continue receiving the Income Benefit and one — time Terminal Benefit or opt for the Commuted Value of the same.

This plan offers increasing guaranteed income year on year during the payout period.

(3) In the event of death during the payout period, regular payouts as per the Maturity Benefit will be paid to the nominee.

He will receive income benefits of «12,00,000 during the payout period of 5 years, as below:

Even during the Payout Period, you will have an option to receive the present value of the outstanding Survival Benefit as lumpsum (Commutation Option).

In case of death of the life insured during the policy term, the guaranteed payouts is paid to the nominee during the payout period, which starts from the end of the 10th year till the end of the 17th year.

There is no risk cover provided during the Payout Period.

Maturity benefit amount: Maturity benefit will be payable in form of regular monthly payouts during the payout period

In case of demise after premium paying term or during the payout period, the nominee receives the sum assured along with other benefits and the lump sum of payout left in the insured's account.

Survival Benefits varying from 8.0 % to 12.5 % of the Sum Assured on Maturity payable each year during payout period.

In the event of death during the payout period, regular instalments as per the Maturity Benefits will be paid to the nominee.

Guaranteed Base Income (GBI), as a percentage of Sum Assured, accrues each year during the payout period.

Annual Payout — A fixed amount equal to 5 times the Monthly Payout is payable at the end of every policy year during the payout period and will not be payable during the last policy year (at maturity).

On the death of the Life Insured during the Payout Period, the beneficiary will continue to receive the outstanding survival benefits (Income Benefit and Terminal Benefit).

In case of death during the payout period (16th to 30th year), the maturity benefit for the remaining payout period is then payable to the nominee.

In the event of death of the life insured during the payout period, the Annual Payouts are paid for the remaining payout period.

In case of death of the Life insured during the Payout period, the Guaranteed Payouts will be paid to the nominee till the end of the 11th year.

Scenario I: On Survival of Rohit till Maturity In case of survival of Rohit, he will start receiving Rs 24,000 at the beginning of each year during the payout period.

In case of death of the life assured during the policy term, the future premiums are waived - off and the nominee receives the guaranteed payout, as scheduled, during the payout period.

Guaranteed Base Income (GBI) is a percentage of the Sum Assured on Maturity and it is payable at the end of each year during the payout period.

You will receive three types of payouts, during the payout period (last 5 policy years for Plan Option» 5 -5-5» and last 7 policy years for Plan Option» 7 -7-7») on survival:

In case of death of the life insured during the payout period, the Death Benefit is not reduced by the survival benefits already paid.

But during the payout period, if you get another ticket you lose the deferment and you wind up with both tickets on your record and some very hefty fines — somewhere in the neighborhood of $ 1,000, plus your insurance company finds out and that will increase you insurance, because now you're in the high risk category.

For example in case the RMI is Rs. 10,000 at time of death, the amount of RMI will increase to Rs. 10,500 in the second year, Rs. 11,025 in the third year and so on during the payout period.

During the payout period, RMI will be payable to the nominee of the insured member and will increase each year by 5 % p.a. compounded yearly.