Sentences with phrase «equal monthly installments till»
DHFL Pramerica Family Income Plan is a decreasing term plan offered by DHFL Pramerica Life Insurance wherein the death benefit may either be payable in a lumpsum to the nominee or in equal monthly installments till the end of the policy tenure.
In case of death of the life insured, this plan pays 50 % of the death sum assured as a lump sum and the balance amount is then paid as equalmonthlyinstallments for a period till the nominated child attains 21 years.