On completion of 12 years term, maturity will be Sum Assured + Loyalty Addition (LA) and in case of death during the policy term, 10 times single premium (
excluding rider premium and GST) + Loyalty Addition (LA)(if any) will be death claim amount.
LIC Jeevan Utkarsh (Table No. 846) is a single premium with 12 years fixed maturity term On completion of 12 years term, maturity will be Sum Assured + Loyalty Addition (LA) and in case of death during the policy term, 10 times single premium (
excluding rider premium and GST) + Loyalty Addition (LA)(if any) will b so if policyholde Key Features
It is calculated as 5 % of cumulative premium (
excluding rider premium) paid till that policy anniversary.
Not exact matches
I read it's 30 % of
premiums excluding first year and any additional term
rider / accident
rider premium.In that case the amount would be very low to what I have paid for these years.
An individual or business, who requires coverage for any
excluded event under all risks may have the option to pay an additional
premium, known as a
rider or floater, to have the peril included in the contract.
In case of demise of the life assured, before the date of commencement of risk, the
premium amount
excluding the extra
premium, taxes and
rider premium (if any) is payable to the beneficiary of the policy.
Note: The Annual
Premium and Monthly
Premium mentioned in the table above is
excluding taxes,
rider premiums and extra
premium if any.
Guaranteed Maturity Sum Assured is equal to: - Option A: 100 % of total
premiums paid (
excluding taxes,
rider premium, modal loading and extra underwriting
premium, if any) Option B: 115 % of total
premiums paid (
excluding taxes,
rider premium, modal loading and extra underwriting
premium, if any)
For an additional
premium, an endorsement or
rider can add additional coverage to your policy for items of high value that you might need additional insurance for because they would otherwise be limited or
excluded from your insurance policy.
(2) The Annual
premium and Monthly
Premium mentioned in the table above is
excluding taxes,
rider premiums and extra
premium, if any.
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).
I read it's 30 % of
premiums excluding first year and any additional term
rider / accident
rider premium.In that case the amount would be very low to what I have paid for these years.
You will receive Guaranteed Maturity Sum Assured which is equal to 100 % of total
premiums payable (
excluding taxes,
rider premium, modal loadings and extra underwriting
premium, if any) under the policy.
105 % of all the
premiums paid (
excluding taxes,
rider premiums and extra
premiums, if any) as on date of death; and
For example: Krish is 30 years old and has purchased Future Generali Big Income Multiplier with an «Annual Income Payout Option» with an Annual
Premium of Rs. 20,000 (
excluding taxes,
rider premiums and extra
premium).
* The Maturity benefit shall not be less than 101 % of the contractual base
premium payable under the policy
excluding service tax,
rider premiums and
premiums paid for extra mortality loading.
The death benefit under this plan is the sum assured + return on
premium excluding the extra
riders and the first year's
premium + loyalty addition.
In that case, only 80 % of the
premium paid (
excluding any payment for taxes and extra
premium for buying
riders) is refunded.
This
excludes any extra
premiums,
rider premiums, service tax or cess paid.
It also
excludes any additional
premium paid for
riders and any bonus that you may have received from the insurer.
In that case, the surrender value will be a total of percentage value of
premiums paid till date which will be
excluded from any extra
premiums paid and
premium rider values (if there is any)-- survival benefits that are already due and still payable to the policyholder.
Before commencement of risk: In this case the death benefit will be only the sum of
premiums paid
excluding taxes and extra or
rider premium.
The Guaranteed Surrender Value is a percentage of
premiums paid,
excluding towards
riders, benefit or underwriting.
$ annual
premium is the
premium payable in a year, including modal loadings but
excluding the underwriting extra
premiums,
rider premiums and taxes, if any.
The company will only return 80 % of the
premiums paid
excluding any taxes, extra
premium and
rider premium other than Term Assurance
Rider, only if the policy is in force.
In the case of suicide within a year of policy revival, the company would be paying 80 % of the
premiums paid
excluding taxes, extra
premium and
rider premiums or acquired Surrender Value, whichever is higher.
• 105 % of total
premiums paid (
excluding any underwriting extras,
rider premiums, service tax and cess, if any) till date of death
In case of survival of the life insured till maturity of the policy term, he / she is entitled to receive maturity sum assured which equals to return of all the
premiums paid
excluding taxes,
rider premiums, and additional
premiums, if any.
He will have to pays Rs. 56,805 # (
excluding taxes,
rider premium, and extra
premium if any) as annual
premium if he chooses Option A and Rs. 67,864 # (
excluding taxes,
rider premium, and extra
premium if any) as annual
premium if he chooses Option B.
In case the life insured survives till end of the policy term, he / she is entitled to receive all the
premiums paid
excluding taxes,
rider premiums, and additional
premiums, if any.
And at the end of the policy term, on survival, sum of all
premiums (
excluding rider, extra
premium & taxes) paid will be returned to the policy holder.
In the event of death of the life insured before the date of maturity, but prior the date of commencement of risk, Return of
Premium (
excluding taxes,
rider premium & extra
premium, if any).
Riders usually deal with areas of coverage
excluded from standard offerings, and as such they improve coverage but also increase
premium costs.
* Annualized
Premium is the amount of
premium payable in the annual mode that
excludes extra
premium,
rider premium, and all applicable taxes, cesses, and levies as imposed by the Government if any.
* Annualized
Premium is the amount of
premium payable in annual mode that
excludes extra
premium,
rider premium, and all applicable taxes, cesses and levies as imposed by the Government if any.
The Guaranteed Surrender value during policy term shall be a percentage of total
premiums paid
excluding extra
premiums and
premiums for
riders, if opted for.
Guaranteed Surrender value will be equal to 30 % of the total amount of
premiums paid
excluding the
premiums for the first year and all the extra
premiums and
premiums for accident benefit / term
rider.
Guaranteed Surrender Value is the percentage of total
premiums paid till date
excluding any tax or
rider premiums.
The Guaranteed Surrender value shall be percentage of total
premiums paid (net of service tax)
excluding extra
premiums and
premiums for
riders, if opted for less any survival benefits already paid.
However, the Death benefit will be at least 105 % of all the
premiums paid
excluding any extra,
rider premium and taxes.
Guaranteed Surrender Value = (Total
premiums paid
excluding premium towards Service Tax,
rider and underwriting extra, if any, less Accrued Fixed Regular Additions already paid x GSV
Premium Factor) + (Cash value of Accrued Fixed Regular Additions)
10 times of the annual
premium (
excluding service tax and cess, any applicable
rider premiums and underwriting extras, if any
Guaranteed Surrender Value - Guaranteed Surrender Value will be a percentage of the total
premiums paid (net of taxes)
excluding extra
premium, if any and
premiums paid for
riders is opted.
Sum Assured on Death is maximum of Sum Assured or Maturity Sum Assured or 10 times the annual
premium payable or 105 % of total
premiums paid
excluding Tax & Cess, any applicable
rider premiums and underwriting extras, if any.
However the death benefit will be at least 105 % of all
premiums paid till the date of death
excluding any extra and
rider premiums and taxes.
Death benefit will be at least 105 % of all the
premiums paid
excluding any extra,
rider premium and taxes.
Please Note:
Premium shown above
excludes any extra
premium, service tax, cess, &
rider premium.
Suicide: In case of suicide within 12 months from the data of commencement or date of revival, only 80 % of paid
premium excluding riders, extra
premium and taxes will be paid.
The Guaranteed Surrender value shall be percentage of total
premiums paid (net of service tax)
excluding extra
premiums and
premiums for
riders, if opted for.This percentage will depend on the policy term and policy year in which the policy is surrendered and specified in a separate table
In the event of death (of child) before commencement of risk (life cover), you will get back total
premiums paid till date
excluding taxes and
rider premium.