Sentences with phrase «guaranteed additions»
"Guaranteed additions" refers to extra amounts of money that are promised to be added to an investment or savings account. These additions are guaranteed, meaning they are certain to happen, regardless of any changes in the investment's performance or market conditions. Full definition
On survival of the life insured till completion of the policy term, the maturity benefit payable is the sum of accrued guaranteed additions and guaranteed maturity benefit.
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Pros: This insurance plan comes with guaranteed additions of 5 % for first 5 years and 5.5 % for the rest of the term.
The first classic in which he gets some assured with guaranteed addition plus accrued bonuses and his policy closed second is a classic waiver classic.
The plan offers guaranteed additions as a percentage of the sum assured on maturity accrued at a simple rate for every policy year, throughout the policy term.
This plan offers guaranteed addition of 5 % of the sum assured to the customer's savings every year, during the premium payment term.
Offer guaranteed additions at the simple rate of 5.5 % or 6 % applicable to the basic premiums paid.
At maturity of the policy, the sum assured chosen plus accumulated guaranteed additions are payable.
This plan provides guaranteed additions 3 % of sum assured get accrued for each completed policy year.
The plan offers guaranteed additions for each completed policy year.
Under this benefit, fixed guaranteed additions declared as percentage of sum assured would get added every year to policy after completion of premium term until maturity of policy.
However, future guaranteed additions will cease and future survival benefits will not be paid after policy is made paid - up.
It also gives guarantees addition of 3 % during the first 5 years of the policy.
This is an investment cum insurance plan where guaranteed addition up to 9 % interest can be expected.
It offers great benefits like guaranteed additions and bonuses.
In order to enhance the benefits of the insured guaranteed additions are also provided under the plan.
Interest and bonuses are usually guaranteed additions; however there may also be variable additions which can not be predicted.
Some policies come with guaranteed additions after completing a certain policy term provided the policy is in force.
For example, a 24 - year plan with 12 years premium paying term promises to pay 10 per cent guaranteed addition every year.
It helps you to accumulate the wealth with the help of bonuses or guaranteed additions available under the policy.
The guaranteed returns such as guaranteed additions remain fixed and are payable on death or maturity (as applicable).
The plan offers you guaranteed maturity benefit along with accrued guaranteed additions and bonuses if any.
At maturity, the policyholder receives sum assured along with guaranteed additions and the plan is compliant with the new traditional product norms.
Offers guaranteed monthly income along with sum assured and guaranteed additions at the time of maturity.
On maturity, the remaining sum assured is paid along with any bonus or guaranteed additions as applicable.
Offers guaranteed additions for the policy term of 35 years.
The plan offers you guaranteed life cover of up to 10 lakhs and also gives guaranteed additions and bonus to enhance your savings.
This plan offers guaranteed additions, vesting additions and various other benefits.
Benefits like guaranteed additions and bonuses while ensuring that your family receives a lump sum benefit in case of your unfortunate death.
On Maturity, 100 % of the SA + accrued Guaranteed Additions + Accrued vested bonuses + Terminal Bonus, if any is paid
Annual Guaranteed Additions accrue every year @ 30 % which also increases by another 10 % after every 3 years
On death of the policyholder, higher of the basic SA including Guaranteed Additions till date of death or 105 % of premiums paid
Receive guaranteed additions on Maturity, they are calculated as a percentage of each year's cumulative annualised premium.
Death Benefit - In case of the demise of the insured within the initial 5 years of the policy issued date (i.e. before the vesting date), a basic sum assured plus accrued guaranteed addition in paid to the policy beneficiary either in a lump - sum or as the annuity or as a combination of two.
Thus, Sum Assured plus Guaranteed Additions get paid out on Maturity.
Option 2: Higher of the sum assured or 11 times the annual premium is paid including guaranteed additions subject to a minimum of 105 % of all premiums paid till the time of the death
The plan accrues Guaranteed Additions which enhance the benefits payable.
Receive Guaranteed Additions on 6th policy anniversary (11th policy anniversary for Band 1) and every policy anniversary thereafter, at a specified percentage of the average Fund Value in the last 12 months:
In conventional policies, insuranace Companies pay sum insured + guaranteed additions during maturity.
Annual Guaranteed addition = GA rate * sum of all premiums paid till date.
Percentage of Guaranteed Additions varies with premium band and policy term chosen.
Annual Guaranteed Additions rate is 7 %, 8 %, 9 % or 10 %, depends on the Premium band opted.
The insured is entitled for the loyalty guaranteed additions from the end of the 10th policy year which are 0.50 % of the fund value added to the fund.
On maturity, the basic SA along with the aggregate Guaranteed Additions + vested reversionary bonuses + terminal bonus, if any, is paid to the policyholder.
The Guaranteed Surrender Value will be expressed as a % of premiums paid + % of vested bonuses and accrued Guaranteed Additions depending on the year of surrender.
Further, also enjoy Guaranteed Additions at the rate of 0.35 % of the average Fund Value in the last 12 months, on the 11th policy anniversary and every policy anniversary thereafter.
Paid - up sum assured + guaranteed additions already accrued — survival benefits already paid (if any).
In the event of the demise of the life insured, the Death Benefit payable is higher of Defined Assured Benefit or 105 % of the total premiums paid plus sum guaranteed additions and bonuses.
If the policy is in force and the Life Insured survives to the Maturity Date of the policy, then the maturity benefit equal to Sum Assured on Maturity will be payable which is 100 % of Single Premium along with Total Guaranteed Additions accrued during the Policy Term (excluding Mortality Premium, if any).
Thereafter, from the 11th policy onwards, avail Guaranteed Additions at 0.60 % of the Average Fund Value in the last 12 months.