Sentences with phrase «immediately in a lump sum»

The policyholder may additionally choose the disability benefit option under which, in case of death or disability of the insured during the tenure of the plan, the aggregate of all future premiums is paid which can be availed immediately in lump sum or can be invested in the fund where it will attract market linked returns.

For the second option, 50 % of the Sum Assured is paid immediately in lump sum to the nominee.

There is also an inbuilt Terminal Illness Benefit wherein 25 % of the Sum Assured is paid immediately in lump sum if either of the insured is diagnosed with a Terminal Illness

Not exact matches

The lump sum was invested immediately, while cash was deposited every month for a year in the DCA scenario.

You get the money in a lump sum and begin making monthly payments immediately.

In that case, you may want to go with a lump sum (which should go into an IRA rollover account to avoid having the entire sum immediately taxed).

You hand over a lump sum to an insurer and begin receiving guaranteed monthly payments for the rest of your life immediately with an immediate annuity or, in the case of a longevity annuity, payments that start at later time, say, 10 or 15 years after you retire.

You are still likely to be better off investing the lump sum immediately rather than spreading it out over a year or two: studies have consistently shown that the all - in move delivers better results about two - thirds of the time.

You hand over a lump sum to an insurer and in return you immediately begin receiving monthly payments that will last as long as you do, regardless of how the financial markets perform.

With an immediate annuity, you turn over a lump sum to an insurer in return for monthly payment that begin immediately and will continue for as long as you live.

In some cases, a plan sponsor asks participants in a retirement plan to choose between receiving an annuity in the future or a single lump - sum payment immediatelIn some cases, a plan sponsor asks participants in a retirement plan to choose between receiving an annuity in the future or a single lump - sum payment immediatelin a retirement plan to choose between receiving an annuity in the future or a single lump - sum payment immediatelin the future or a single lump - sum payment immediately.

Under the option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in equal monthly instalments for a period till which the policyholder's child attains 21 years of age.

Income Option — under this HDFC term insurance plan, 10 % of the Sum Assured is paid in lump sum immediately on death of the life insured.

Under the second option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in equal monthly instalments @ 0.58 % of the Sum Assured for 10 years.

Policy continuance Benefit — in case of eventuality one can get lump sum benefit immediately on death to ensure financial security or can get future premiums waived off and ensure all other benefits are payable to the beneficiary.

Under the third option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in increasing monthly instalments increasing at a simple rate of 12 % per annum for 10 years.

For the loss of employment as a direct consequence thereof immediately permanently totally and absolutely in case of an accident, a lump sum equal to hundred percent (100 %) of the Capital Sun insured will be covered.

For the loss of employment as a direct consequence thereof immediately permanently totally and absolutely in case of an accident, a lump sum equal to hundred percent (100 %) of the Capital Sun insured will be covered in the plan.

Immediate annuity plans are those annuity insurance plans in which a person has to make lump sum payment to the insurance providers and starts receiving a monthly, quarterly, half - yearly or yearly amount immediately.

In this case, his nominee will immediately get Rs 1 crore as lump sum.

In this case, his nominee will immediately get Rs 10 Lakh as lump sum payment.

In case of your unfortunate death, your family can claim the death benefit either as a lump sum, or 50 % immediately and the balance in installmentIn case of your unfortunate death, your family can claim the death benefit either as a lump sum, or 50 % immediately and the balance in installmentin installments.

Under the instalment option, 50 % of the benefit is paid in lump sum immediately on death and 60 % of the benefit is paid as a Family Income Benefit wherein 1 % of the benefit is paid every month following the month of death for up to 60 months.

In such policies, the lump sum assured is immediately paid out if you are diagnosed with cancer.

So if at any time, you receive a lump sum amount of money, you can invest it in your annuity plan immediately.

In case of Decreasing Term option (Family Income Benefit), the nominee gets regular monthly incomes from the date of death of the life insured which can also be withdrawn at a lump sum immediately where the discounted value of the monthly income is paid

Immediate annuity plan = In immediate annuity plan, if you are above 30 years, you can pay a lump sum amount and then start earning annuity benefits immediately after retirement.

Income Option — Now this is an interesting option where a part of lump - sum [10 % of Sum Assured payable] will be paid to your family in case of death immediately.

The lump sum payout helps the family of the insured to get stabilize financially immediately in the absence of a bread - winner without worrying about expenses and other basic needs.

In the event of the policyholder's death, the sum assured is immediately payable to policyholders» nominee or legal heir as a lump sum, along with the bonuses.

o Lump Sum + Equal Annual Installments: If the policyholder chooses Installment option, 50 % of the Death Sum Assured will be paid as lump sum immediately on death of the life insured and the remaining amount is paid annually in 5 equal installments (starting post 1 year from date of death of the life insurLump Sum + Equal Annual Installments: If the policyholder chooses Installment option, 50 % of the Death Sum Assured will be paid as lump sum immediately on death of the life insured and the remaining amount is paid annually in 5 equal installments (starting post 1 year from date of death of the life insurlump sum immediately on death of the life insured and the remaining amount is paid annually in 5 equal installments (starting post 1 year from date of death of the life insured).

-- In this plan, premium needs to be paid in a lump sum and annuity would start immediatelIn this plan, premium needs to be paid in a lump sum and annuity would start immediatelin a lump sum and annuity would start immediately.

is an Annuity Plan where the money needs to be paid in a lump sum and the annuity starts immediately.

Lump sum death benefit is paid immediately on death of Life Insured ensuring complete financial security for your loved ones in your absence

A term plan will give a lump sum immediately in case of death but it will not be adequate when the child will actually need the money, as any lump sum the family receives will be spent on the upbringing of the child.

This is an Immediate Annuity Plan where the money needs to be paid in a lump sum and the annuity starts immediately

Thus, the total payout = Rs. 2.05 crores (Rs. 1 crore paid immediately + Rs. 1.75 lakhs for 60 months) In case of an accidental death of Sheetal, Ramesh will get an additional payout of Rs. 50 lakhs as lump sum.

Total benefit paid = Rs. 2.05 crores (Rs. 1 crore paid immediately + Rs. 1.75 lakhs for 60 months) In case of an accidental death of Ramesh, Sheetal will get an additional payout of Rs. 50 Lakhs as lump sum.

In case the life insured is diagnosed with a critical illness (from a list of pre-defined critical illness covered under this benefit), a lump sum total of the guaranteed annual payouts, proportional to the premiums received, is paid out immediately to help with the treatment and other expenses.

In the event of the demise of the life insured, the nominees receive 12 times of the monthly income benefit in the policy year of death will be paid as lump sum immediatelIn the event of the demise of the life insured, the nominees receive 12 times of the monthly income benefit in the policy year of death will be paid as lump sum immediatelin the policy year of death will be paid as lump sum immediately.

These benefits are in addition to the lump sum that is paid out immediately upon the death of the insured.

In case the life insured is diagnosed with a critical illness (from a list of pre-defined critical illness covered under this benefit), a lump sum total of the Guaranteed Annual Payouts, proportional to the premiums received, is paid out immediately to help with the treatment and other expenses.