Sentences with phrase «final assured amount»
As per he policy the final assured amount is about Rs. 1 crore along with death and disability risk insurance.
https://www.personalfinanceplan.in/ Not exact matches
Vanderhoef, who is currently serving his final term, spent a significant amount of time discussing the county's budget woes, assuring county residents the worst of the recession was over but more structural changes were necessary.
By working with our office, you can be assured that all of your eligible damages and expenses will be factored into your final compensation amount — including your future losses.
Thus final amount paid to you will be usually higher than the assured fund.
In case of demise of the life assured, after the date of commencement of risk, the sum assured amount + reversionary bonus + final additional bonus is paid to the beneficiary of the policy.
Maturity Benefit - If the insured person survives the whole tenure of the policy, then the maturity benefit, i.e. the total sum assured amount + reversionary bonus + final additional bonus is paid after the completion of the whole tenure of the policy.
On maturity of the policy, the remaining sum assured amount, accrued reversionary bonus and the final additional bonus is paid to the insured.
If all the regular premiums for decided term are paid with no balance premium, the Death benefit is calculated by adding following amounts: Death Benefit = Sum Assured on death + Vested simple Reversionary Bonus + Final Additional Bonus.
After the policy matures, maturity amount which includes 40 % of sum assured + Accrued Bonuses (vested Simple Reversionary Bonuses) + Final Additional Bonus (FAB — if any) will be paid.
Benefit on Vesting would be provided under the policy in full force, on vesting an amount equal to the Basic Sum Assured along with accrued Guaranteed Additions, vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be made available to the Life Assured.
If death of the insured occurs after the commencement of risk, death benefit amount including «Sum Assured on death + Final Additional Bonus + Accrued Bonuses will be paid.
1) If this amount is claimed for relevant reasons during the policy tenure, will the final sum assured get reduced accordingly when a death benefit claim comes up?
In case of accidental death, additional amount equal to Sum Assured along with Sum Assured + Bonus + Final Addition Bonus (Accidental Life Cover) will be paid to nominee.
At maturity, Jeevan Lakshya provides Sum Assured + Simple Reversionary Bonus + Final Addition as maturity amount on survival of policy holder.
So, we need calculate returns with Rs. 16,409 not with Rs. 19,409 / - Maturity amount he got on date from LIC is Rs. 14,94,500 / -(5,00,000 (actual sum assured) + 9,94,500 (Total bonus of 25 years & Final addition bonus)-RRB-
Where «Sum Assured on Maturity» is equal to Final Survival benefit amount.
Scenario A: On survival of Mr. Raj In case of survival of the life insured till the vesting date, an amount equal to the Basic Sum Assured along with accrued Guaranteed Additions, vested Simple Reversionary bonuses and Final Additional bonus is payable.
At maturity, an amount equal to the Basic Sum Assured along plus accrued Guaranteed Additions, vested Simple Reversionary bonuses and Final Additional bonus is payable to the Life Insured.
On maturity, Mr. Gupta will receive an amount of Rs 2,00,000 as Guaranteed Sum Assured on maturity along with accrued Annual bonuses and Final bonus.
Scenario B: Mr. Gupta dies during the Term of the Policy In the event of unfortunate demise of Mr. Gupta in the 3rd policy year after payment of 3 years» premiums, his family will receive a lump sum amount of Rs 1,014,000, Guaranteed Sum Assured on maturity equal to Rs 2,00,000 along with accrued Annual bonuses and Final bonus, is payable on maturity.
ON MATURITY: Sum Assured + Simple Reversionary Bonus + Final Addition Bonus will be payable as maturity amount.
ON DEATH: In case of death of policy holder during policy term, 10 % of Sum Assured will be provided to nominee every year till one year prior to maturity, and On maturity, 110 % of Sum Assured + Simple Reversionary Bonus + Final Addition Bonus will be payable as maturity amount.
Sum Assured + Simple Reversionary Bonus + Final Addition Bonus will be payable as maturity amount..