Sentences with phrase «ensures lump sum payout»
«Cash Assure ensures lump sum payout at specified intervals during the policy term considering the need for money at different stages of life.
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In addition, almost all term life insurance plans also provide critical illness benefits to ensure a lump sum payout for the beneficiaries in case the policy holder is diagnosed with some critical diseases.
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Edelweiss Tokio Life Immediate Annuity Plan is a traditional pension plan providing annuity payouts immediately after paying the lump sum payment to ensure regular cash inflows even after retirement for a worry - free life.
Thus, an initiative such as the NPS allows citizens and potential customers to build a habit of saving and accumulate a lump sum amount to ensure regular payouts after the work life has reached an end.