Sentences with phrase «first policy year»

This benefit is applicable after completion of first policy year.

This Policy covers all types of deaths except death due to suicide during first Policy year or within one year from the date of revival.

Current charges are 10 % in first policy year and 5 % thereafter.

Surrender value can be acquired after payment of all the due premiums for at least first policy year.

Simple Reversionary Bonuses will be declared during the policy term, starting from first policy year, which shall accrue at the end of each year.

Insurance21 Replied: 10-09-2017 22:31:53 You can simply add 4.5 % for first policy year and 2.25 % for subsequent years, for example, of you have already paid 12 monthly premiums then rate will be 2.25 %.

Terminal Illness / Nursing Home Care Rider After the first policy year, the withdrawal charge on withdrawals up to 50 % of the Cash Surrender Value ($ 1,000 minimum) is waived upon the occurrence of one of the following events for the Owner: (a) Terminal illness (life expectancy of 12 months or less).

Greater Access to Your Money, If Needed In many cases PAUL allows access to almost 100 % - and in some cases over 100 % - of your money at the end of the first policy year, based on current non-guaranteed rates.

Non Guaranteed Simple reversionary bonus, starting from the first policy year, paid out along with Maturity benefit or Death benefit (whichever is earlier) along with terminal bonus (if any)

Face Amount increases and decreases are available after the first policy year.

Changes in the death benefit option are available at no charge after the first policy year.

Moreover, this plan offers an add - on allocation every year beginning from the first Policy Year until the end of the term of premium payment.

Greater Access to Your Money, If Needed In many cases PAUL allows your clients to access to almost 100 % - and in some cases over 100 % - of their money at the end of the first policy year based on current non-guaranteed rates.

Cover for illness only begins after the first 14 days of your first policy year or the first 14 days after illness related covers were added to your policy.

If the entire policy is converted, the policyowner will receive a conversion credit equal to the base premium paid during the first policy year.

One partial withdrawal is also available after the first policy year, and every year thereafter.

The sum assured amount is 5 times the single premium paid during the first policy year plus 1.25 times the single premium paid for the remaining policy years.

However, if suicide is committed within the first policy year, only the fund value as on the day of the death will be paid to the beneficiary.

After the first policy year, it is possible to top up the insured amounts whenever required.

Policy Termination or Surrender Benefit: For a Single Premium plan the policy acquires Surrender Value from the end of the first policy year.

For the Single Premium mode, the policy acquires Surrender Value after completion of the first policy year and may be surrendered any time after that.

In case of single premium payment option, the surrender value gets enabled on the completion of the first policy year.

Term insurance coverage becomes void in the event of the policyholder (sane or insane) committing suicide in the first policy year.

In certain jurisdictions, this product was sold as a modified single premium variable annuity, whereby additional premium payments were not permitted after the first policy year.

Can opt for early retirement (other than ill - health) after the first policy year or at 45, whichever is later

Company may not prohibit loans in the first policy year, they may not have a minimum loan amount or limit the amount of the loan to a certain percentage of the cash value.

5 times of single premium in the First Policy Year & 1.25 times of single premium for the remaining term of the Policy

If no claim has been made during the first policy year, the Original Sum Insured opted for at the inception of the policy shall increase by 10 % p.a. starting from the first policy anniversary

The first year commission payment is a payment that is equal to a percentage of the total annual premium payment that will be made on the policy during the first policy year.

Offers fixed regular additions of 8 % in the first policy year, 9 % in the 2nd policy year and 10 % on the 3rd policy year

If the client is making a monthly premium payment of $ 333 and the agent gets paid as the money comes in, they will receive 60 % x $ 333 or about $ 200 each time a monthly payment is made during the first policy year.

no. 4 of the product brochure) accrues into the policy throughout the policy term, right from the first policy year.

Suicide: In case the insured suffers a death due to suicide in the first policy year and whether the insured was medically sane or insane, then TATA AIA iRaksha Supreme Term Insurance Plan would not pay any death benefit.

A waiting period of 15 days from the date of inception of policy is applicable in the first policy year.

Face Amount increases and decreases are available after the first policy year.

Thus, starting from the end of the first policy year, the Sum Assured would start reducing.

Changes in the death benefit option are available at no charge after the first policy year.

Policy Termination or Surrender Benefit: For Single Premium policies, applicable under Option A, the policy can be surrendered after the first policy year.

It, therefore, might be surrendered after completing the first policy year, on the condition that all premiums have been paid.

The policyholders» savings grow with the Simple Reversionary Bonus that the policy offers starting from the end of the first policy year.

Vested Bonus, as declared will be attached to your policy every year starting from your first policy year.

It is 30 % of all premiums paid — 1st year's premium after 3 policy years for Regular Premiums and (90 % of Single Premium) after the first policy year.

Guaranteed Additions from the end of the first policy year depending on the instalment premium selected

If you signed up for a single premium ICICI term insurance policy, you can cancel it after the first policy year.

VB as declared, will be attached every policy year starting from your first policy year

Five times of the single premium in the first policy year & 1.25 times of the single premium for the remaining term of the Policy

Hassle - free switch from Self - Managed Option to Systematic Transfer Option and vice versa, after the first policy year.

Easily switch to Self - Managed Option or Systematic Transfer Option anytime after the first policy year