Sentences with phrase «fifteenth policy»

Loyalty Additions are provided at the end of the tenth policy year (for policy terms of ten years) and also at the end of the tenth and fifteenth policy years (for the fifteen year policy term).

At the end of the tenth policy year and the fifteenth policy years, the company pays Loyalty Additions.

Not exact matches

This means that if you buy a policy of say 18 years, the survival benefits may be paid to you every three years starting from the sixth year to the fifteenth.

Applying this logic to a money back policy of say 20 years means that the payout you receive in the fifth, tenth or fifteenth year (say) is worth more than if you have received it at the end of the policy tenure.

Then the policyholder with a policy of Rs. 10 lakh (say) will receive Rs. 2 lakh each in the fifth, tenth and fifteenth years, and Rs. 4 lakh at the maturity of the policy at the twentieth year.

This means that the policyholder will receive a survival benefit in the fifth, tenth and fifteenth years of the policy period and the rest on maturity at the end of 20 years.