Sentences with phrase «guaranteed maturity benefits attached»
As per the Insurance regulatory and Development Authority of India (IRDAI), the insurance providers are bound to provide a no - zero return on all premiums or guaranteed maturity benefits attached with pension plans.
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Guaranteed Addition is a percentage of the Guaranteed Maturity Benefit and will be attached to the policy at the end of the policy term.
Bonuses once attached to the policy are payable on death, surrender or maturity as may be applicable.A Terminal Bonus may be added to a policy which depends on the actual future experience it is not a guaranteed benefit.