Sentences with phrase «equal monthly instalments for»

c) Income Option: 10 % of Sum Assured is paid in case of death of the policy holder and balance is paid in equal monthly instalments for the next 15 years of time frame.

Under the Family Income Benefit, 60 % of the Guaranteed Death Benefit will be paid in equal monthly instalments for 60 months post death

As per the Family Income Benefit, 50 % of the benefit is paid in lump sum and 1 % of the benefit is paid in equal monthly instalments for 60 months

Under the option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in equal monthly instalments for a period till which the policyholder's child attains 21 years of age.

Not exact matches

Our 3 month loans are repaid in 3 equal monthly instalments and there are no fees for applying.

Equal monthly instalments made it super convenient for us to repay the loan.

Under the second option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in equal monthly instalments @ 0.58 % of the Sum Assured for 10 years.

The payment will be equal to the annual instalment amount divided by 12 and marked up by 2.5 %, with the first monthly instalment paid at the end of 12th year (for a 11 - year term) or 16th year (for a 15 - year term).

The nominee can avail the entire death benefit in a lump sum amount or avail 50 % of the benefit in a lump sum and the rest 50 % in equal monthly instalments @ 0.42 % of the Guaranteed Death Benefit for 10 years post death.

On death or terminal illness of the insured during the policy tenure, the Sum Assured is given in equated monthly instalments for such time which will be equal to the term of the plan chosen.

In case of accidental permanent disability arising due to accident (within 180 days from the date of accident), an amount equal to the Accident Benefit Sum Assured will be paid in equal monthly instalments spread over 10 years and future premiums for Accident Benefit Sum Assured as well as premiums for the portion of Basic Sum Assured which is equal to Accident Benefit Sum Assured under the policy, shall be waived.

Choose Death Benefit option 1 - Monthly income for 15 years will be paid out in 180 equal instalments.

Explained by example: Continuing above example, if Mr. Mahesh has opted for Income option (sum assured Rs 10 Lakhs), during his death, his family would get Rs 1 Lakh (10 % of the sum assured) and balance Rs 9 Lakhs would be paid for 15 years in equal monthly instalments of Rs 5,000 each.