Sentences with phrase «gives simple reversionary bonuses»
Not exact matches
After the death of policyholder, lump sum amount is given to the nominee, equal to the total of sum assured of the policy + simple reversionary bonus + additional bonus if any.
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In case of demise of the policyholder during the term of the policy, then the death benefit which is equal to the summation of «Sum Assured on Death», Simple Reversionary Bonuses, and Final Additional bonus (if any) will be given to the beneficiary.
The policy gives out Simple Reversionary Bonuses and final additional bonus declared as per the experience of the Corporation, provided the policy is in full force.
On death after the commencement of risk a definite sum of Sum Assured on Death and vested Simple reversionary bonuses along with final additional bonus are given.
Under this benefit, in case the holder of the policy dies within the term of the policy than the sum assured on death plus simple reversionary bonuses and the Final Additional Bonus is there then it will be given.
The benefit illustration given in this example is based on simple reversionary bonus declared for 2015 - 16 (Latest).