Sentences with phrase «entire policy tenure»
Irrespective of the claims taken during policy tenure, No Claim Bonus discount remains protected during entire policy tenure.
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Under this plan, the premium needs to be paid for the entire policy tenure of 15 to 20 years and the survival benefit of 20 % of the sum assured are paid every 5 policy years.
So, if you want a high return from your insurance policy, buy a ULIP and make sure to stay invested for the entire policy tenure.
Life Insurance policies can do this as they have a Level premium concept, whereby the premium is pre-determined for the entire policy tenure.
Premium needs to be paid only for a period of 8 or 9 years while the policy continues for the entire policy tenure of 12, 16 or 21 years as chosen
If the investor survives the entire policy tenure, the entire premium submitted at the beginning of policy term along with the loyalty addition will be returned.
On completion of the entire Policy Tenure of 16 years, 150 % of the Annual Premium is paid as Guaranteed Terminal Benefit and on completion of the entire Policy Tenure of 21 years, 200 % of the Annual Premium is paid as Guaranteed Terminal Benefit.
The plan provides Coverage for the entire policy tenure, i.e. in case the Life Assured dies anytime during the policy tenure, the Death Benefit is paid to the nominee and the policy terminates.
Basically, in an Endowment Plan, the premium needs to be paid for the entire policy tenure.
For example, Endowment Policies have a lump - sum maturity benefit, Money Back Plans have regular payments during the entire policy tenure as pre-defined schedule and Unit Linked Insurance Plans have an opportunity to choose your investments even in equity!
The minimum amount of Partial Withdrawal should be Rs. 10,000 such that the Fund Value is not less than 150 % of the Annualized Premium and the maximum Partial Withdrawal in the entire Policy Tenure is 300 % of the Annualized Premium.
-- In this plan, premium needs to be paid for the entire policy tenure.
In this plan, premium needs to be paid for the entire policy tenure.
How it works — In this plan, premium needs to be paid for the entire policy tenure.