Sentences with phrase «end of policy»

Fund value is payable on survival of life assured till the end of policy term.

At the end of the policy period (30 years), John is still living, so the insurance company sends him a check in the amount of $ 20,520 which represents the premium he paid during the policy term.

An endowment plan returns a lump sum at the end of the policy term, whereas money - back policies offer benefits at regular intervals.

100 % of sum assured + Compounded Reversionary bonuses1 (if any) + Terminal Bonus2 (if any) at end of the Policy Term

The majority of policies will continue to make payments to you until you are well enough to return to work, retire, reach the end of your policy term or die.

With Exide Life Smart Term Plan, get life cover benefit along with the return of premium at the end of policy term.

Maturity benefit is the amount payable at the end of the policy term which is equal to your Fund Value * as on Date of Maturity, provided Settlement Option has not been exercised.

An endowment policy will compensate out a sizeable lump sum amount at the end of the policy term i.e. once the policy has matured.

With return of premium riders, if you outlive the end of the policy's «term period», then you qualify to receive a refund of your paid - in premiums.

The Policy will continue even after the Death of the Life Insured till the end of the Policy Term.

This type of insurance plans serves the purpose of indemnity of the insured during the term of the policy and offers returns at the end of the policy term, but here returns depends upon the market value of the funds in which money had been invested.

Cancellation: Termination of an insurance contract before the end of the policy period, by the insured or insurer.

Endowment Plan: Endowment insurance plan is also called as a traditional insurance plan, this type of insurance plans serves the role of insurance to the insured during the term of the policy and offers guaranteed returns (money back) at the end of the policy term.

Policy continues even after the death of policyholder till the maturity and nominee get the maturity value of the policy at the end of the policy.

Maturity Benefit if life assured survives till the end of policy term (Available only with option 3 and 4)

This amount is paid from the end of the policy term.

0.20 % of Fund Value shall be added to the Fund by the creation of additional Units, at the end of every Policy Year starting from 11th Policy Year.

A non linked participating plan offering Non-Guaranteed Cash Bonuses, Guaranteed Survival Benefits, and a lump sum at the end of the Policy Term

It not only offers you protection coverage but also has the benefit of return of premium payment at the end of the policy term, on the survival of the life insured.

Lump Sum, Lump Sum + Monthly Income, Monthly Income for a fixed term, Monthly Income till the end of your policy term.

2) Is it right to pay 5 premiums for receiving good amount in the end of the policy tenure, if its in paid up status.

Your insurance company will invest the money while you have the policy, earn an excess return on your higher premiums, and then be able to return the exact amount that you paid at the end of the policy.

On survival, at the end of the policy term, depending on the type of cover option you have chosen, you will receive 100 % (for Option A) or 115 % (for Option B) of the premiums you have paid (excluding taxes, rider premium, modal loading and extra underwriting premium, if any).

Under the Return of Premium Term Insurance plan, the policy holder receives the premium amount paid at end of the policy term.

Family Income Benefit (FIB)-- An amount equal to 10 % of the Sum Assured will be paid on each Policy anniversary following or coinciding with the Date of Death of the Life Insured till the end of the Policy Term, but not exceeding 10 such installmentsa

Offers maturity benefit on survival of the life assured till the end of the policy term.

On survival, at the end of the policy term, you will receive back assured return of 100 % of the total premiums you have paid (excluding taxes, modal loading and extra underwriting premium, if any)

If you have paid all your due premiums, you will receive a Maturity Benefit as per your chosen option, on survival, at the end of the Policy Term

Also, the policy does not offer any cash value or even the paid - up insurance facility and the given coverage can possibly terminate at the end of the policy term or may get rather costly to continue with.

At the end of the policy's life, you can then decide whether you want to renew or convert the policy or if you would rather discontinue the policy.

■ The additional death benefit can be taken as lump sum or as 25 % of basic sum assured paid at the end of the each last four years and family income benefit as 1 % of the basic sum assured at the end of every month following the date of death till the end of the policy term but not less than 36 monthly payments.

First, the sum assured is paid out as death benefit, second, all the future premiums are waived off and third, the policy continues and maturity benefit is paid at the end of the policy term.

If you survive at the end of the policy term, all the premiums that you paid will be returned to you.

Gets sum of Base Sum Assured, Accrued Guaranteed Additions, Vested Reversionary Bonuses and Terminal Bonus, if any, at the end of the Policy Term

This acts as a bonus which you will get at the end of the policy term.

At the end of the Policy Term, you receive 100 % of the premium invested

On diagnosis / undergoing the surgical procedure of the Minor or Moderate critical illness, premiums will be waived off for the period of 5 policy years or till the end of the policy term, whichever is earlier.

In case the Life Assured survives till the end of the Policy Term, provided all due premiums have been paid, the Sum Assured plus accrued bonus and Terminal Bonus, (if any) will be payable.

Extended Benefit if the life assured survives till the end of the policy term, the policy will continue till the life assured attains the age of 100 years.

Provides the option to have your premiums returned at the end of your policy if you are still alive.

At the end of policy term, Nikhil will receive a lump sum benefit of Rs. 1,00,950 (last installment of the Income Benefit along with the Terminal Bonus)

Offers an annual income at the end of each policy year post the premium payment till the maturity of the policy

Guaranteed Maturity Benefit will be paid to the life assured at the end of the policy term.

Any such dividend is dependent upon premiums collected in excess of losses and expenses for the particular class of business at the end of the policy period.

Some carriers will even return a portion of the premium if you elect to collect it near the end of the policy period.

If your license is suspended or revoked, your insurance company can cancel you at the end of your policy, or in some states your policy can be canceled midterm if the insurer finds out that you lost your license.

Surrender value is nothing but the amount that the insured receives if he plans on discontinuing the term insurance plan before the end of the policy tem.

Means policy holder's life will not only be covered till the end of policy tenure, but till the policy holder dies.

Bharti AXA Life Elite Advantage Plan This plan offers guaranteed payouts and provides comprehensive protection till the end of the policy term.

The reason why money back policy is important is that it provides funds on regular intervals after a certain period of time till the end of the policy term.