There is also the usual tax benefits applicable under Section 80c along with
a guaranteed loyalty bonus of 0.20 % of the fund value from the 11th policy year onwards.
The plan also ensures
a guaranteed loyalty bonus for the ones who keep the investment till the policy gets matured.
Not exact matches
Consensus is difficult to achieve, and institutional
loyalty — to the extent it ever existed — has yielded to peripatetic partners that «lateral» frequently to competitors offering
guarantees, signing
bonuses, and higher PPP.
Find out what is the plan's maturity and death benefit, does the plan pay any
bonus if it is a traditional insurance plan or is there a feature of
loyalty or
guaranteed additions in the unit linked policy, etc..
The Maturity Benefit is
Guaranteed Maturity Benefit (GMB) plus
Guaranteed Loyalty Additions (GLA) plus Vested
Bonus (VB) plus Interim
Bonus (IB), if any, plus Terminal
Bonus (TB), if any.
Even though
bonus,
guaranteed additions and
loyalty additions promise a substantial return, they are not inflation adjusted and therefore lose out on their real value
On maturity, the
Guaranteed Maturity Benefit along with the
Guaranteed Loyalty Additions, vested
bonuses, interim
bonus and any Terminal Bonus is
bonus and any Terminal
Bonus is
Bonus is paid
At the time of maturity, you will receive three additional
bonuses to enhance your fund value -
loyalty additions,
Guaranteed Additions and booster additions.
On death of the insured during the plan tenure, higher of the
Guaranteed Maturity Benefit or the Sum Assured along with the
Guaranteed Loyalty Additions, vested
bonuses, interim
bonus and any Terminal Bonus is
bonus and any Terminal
Bonus is
Bonus is paid
Bonus,
guaranteed additions and
loyalty additions are usually added to the Sum Assured in case of maturity or death.
Loyalty Additions &
Guaranteed Additions (GA): Again both are 2 different types of
bonus which is also calculated as per 1000 of sum assured value.
As every endowment plan, this plan
guarantees returns along with
bonus and
loyalty additions.
The returns are
guaranteed under this plan with
bonus and
loyalty additions.
In the event of death of the life insured during the policy term, provided all due premiums are paid, the death benefit payable is sum assured on death plus
guaranteed loyalty additions plus vested
bonus plus interim
bonus plus terminal
bonus.
Maturity benefit under this plan is
Guaranteed Maturity Benefit (GMB) plus
Guaranteed Loyalty Additions (GLA) plus Vested
Bonus plus Interim
Bonus plus Terminal
Bonus.
It is a plan that provides
guaranteed returns and good
loyalty additions (
bonus amount) on maturity.
The
loyalty bonus (not
guaranteed) is not considered while computing the above.
After 15 years what will be my
loyalty /
bonus amount and is there any
guarantee for that amount.