Sentences with phrase «guaranteed sum»

The phrase "guaranteed sum" refers to a specific amount of money that is promised or assured. It means that the mentioned sum is certain and will be provided without any doubt or risk. Full definition
Under this Plan, the «Minimum guaranteed sum assured on maturity» is zero and no benefit is payable on maturity of the Policy.
On maturity or on the death of the life insured, the plan offers guaranteed sum assured along with additional bonuses.
Here, basic sum assured is equal to guaranteed sum assured at maturity.
In the return of premium option, in case of the death of the insured with less than 45 years, highest of - the sum assured or 125 % of the single premium is paid or minimum guaranteed sum assured on maturity is paid.
For non-single products with a term of 10 years or more, the minimum death benefit would either be ten times the annualised premium or 105 per cent of all premiums paid on the date of death or the least guaranteed sum assured on maturity or any absolute amount assured to be paid on death (for non-par products for those below 45 years), whichever is the highest.
Scenario I: In case of survival of Ramesh, he will receive guaranteed sum assured maturity of Rs 56,575, simple reversionary bonus of Rs 59,404 (@ 8 % investment return) and terminal bonus of Rs 6,223 (@ 8 % investment return).
Bharti AXA Life Hospital Cash Rider — guarantees a sum payout on surgery, as well as fixed benefits for Hospitalization and intensive care unit benefits
Term Insurance: This type of policy guarantees the sum assured in case of death of the insured during the term of the policy.
It means I'll get around 6 % compounded interest on my annual premium (Rs 65K) which comes to around 13 lac + guaranteed sum (Rs 12.5 lac) on maturity.
The Birla Sun Life Protect @Ease Term Plan offers minimum guaranteed sum assured which is NIL.
Offers guaranteed sum assured on maturity equal to the sum assured would be paid to the policy holder
For those aged 45 years or more, it would be seven times the annualised premium or 105 per cent of all premiums paid on the date of death or the least guaranteed sum assured on maturity or any absolute amount assured to be paid on death, whichever is the highest.
In this new insurance scheme on maturity, you will receive guaranteed sum assured along with vested compound reversionary bonus and terminal bonus, if any, provided the policy is in force and all due premiums have been paid.
Term Insurance: This type of policy guarantees the sum assured in case of death of the insured during the term of the policy.
An endowment plan that provides guaranteed sum assured in pre-defined instalments, tax benefit, loan facility and protection
Sum Assured on Death is higher of guaranteed sum assured on maturity or basic sum assured or multiple of annualized premium.
This amount includes the guaranteed sum of money called as Sum Assured on Maturity and also the Accrued Bonuses, if applicable.
This benefit includes both a guaranteed sum of money called as Sum Assured on Death and also the Accrued Bonuses, if applicable.
This SBI child Plan pays a guaranteed sum for your child's education as soon as your child turns 18 years.
This guaranteed sum remains unaffected from the market risks thus giving you relief.
The Irda draft norms also underline that except for pension products, all Ulips will have either a guaranteed sum assured payable on death or a guaranteed sum assured to meet the health cover.
The Future Generali Life Insurance Care Plus Plan is a pure play term policy that offers a guaranteed sum assured on the unfortunate demise of a policyholder.
Traditional plans are biased towards investments in debt funds as they assure a guaranteed sum assured at the end of the policy tenure.
Traditional plans are inclined towards investment in debt funds as they assure a guaranteed sum assured at the end of the policy tenure.
If the insured dies after 45 years of age, highest of — sum assured, 110 % of the single premium, minimum guaranteed sum assured is paid on maturity
Critical Illness rider - guarantees the sum assured upon the first diagnosis of the covered critical illnesses.
Usually the auto insurance covers your vehicle for a guaranteed sum that is mutually agreed between you and your Californian car insurance agent.
This guaranteed sum assured would be
It will be higher of, ten times of the annualized premium as compared to 105 % of all premium settled as at the date of passing on or guaranteed sum assured on maturity or on the demise of the policyholder.
While ULIP provides great returns if you invest for a longer term, endowment plans provide you with a fixed and guaranteed sum assured.
There is a guaranteed sum assured which would be given as death benefit to your nominees.
Offers the below in case of unfortunate event of the life assured: a.) 10 times single premium b.) Absolute amount assured to be paid on death which is equal to the base sum assured c.) Guaranteed sum assured on maturity d.) Death Benefit is subject to 125 % of the single premium paid excluding any underwriting extra premiums and taxes e.) The policy will terminate on payment of the death rider
The below would be payable: a.) Guaranteed sum assured on maturity b.) Vested Reversionary Bonuses and Terminal Bonus, if any
There is a guaranteed sum assured along with bonuses which would be given in lump sum as the death benefit to your nominees.
Paying the cost of a bottle of scotch (approximately Rs. 7,000) towards a term plan per annum can keep you covered for a term of 35 years and guarantee a sum assured of Rs. 1 crore.
Besides saving tax, you can save further by paying nominal annual premiums and claims a guaranteed sum whenever required.
Where health insurance is concerned, policies that guarantee a sum assured of Rs. 5 lakhs or more, or the annual premium is more than Rs. 10,000 the policy has to be issued in electronic format.
If the life insured outlives the policy's maturity date, he or she receives a maturity benefit, which is equal to the guaranteed sum assured plus the simple reversionary bonus and terminal bonus (if any).
Save Assure - Traditional Endowment Plan: It provides protection to you and your family along with the guaranteed sum assured.
10 times the annual premium, or 105 % of all premiums paid till the date of death, or Guaranteed sum assured on maturity, or Base Sum Assured
The guaranteed sum of which is 12.5 lac and the tenure is 22 years.
Under this plan, the minimum guaranteed sum assured on maturity is nil.
Under this Plan, Minimum guaranteed sum assured on maturity» is zero.
As a survival benefit at the end of policy term the policyholder receives guaranteed sum assured, vested simple reversionary benefit, terminal bonus (if any).
On death of policy holder, his / her family will get highest of any one of them: 10 times of annualized premium or guaranteed sum assured or 105 % of all the premiums paid as on the date of death.
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