Sentences with phrase «final accumulated bonuses»
Not exact matches
The plan accumulates simple reversionary bonuses by participating in the profit of the company and final addition bonus is declared on the basis of the experience of the company.
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In case of death post the first 5 years, the chosen Sum Assured under the LIC pension plan including the accumulated Guaranteed Additions, Simple Reversionary Bonuses and Final Additional Bonus, if any till the date of death is payable to the nominee who can avail the death benefit whether in lump sum or annuity or partly in lump sum and partly in annuity depending on his choice
As a with - profit endowment assurance plan the policy accumulate profit made by LIC through the final additional bonus and simple reversionary bonus and these add - on bonuses are paid out at the termination of the maturity period.
It lets you enjoy life cover for 25 years and also helps you accumulate lump sum money through annual and final bonuses.
On maturity of the policy the child is paid the sum assured along with the accumulated annual bonuses and the final additional bonus (if any).