Sentences with phrase «including simple reversionary bonuses»
On death of the policyholder, higher of the basic SA on Maturity including Simple reversionary bonuses and Terminal Bonus, if any, or 11 times the annual premiums subject to a minimum of 105 % of premiums paid is payable
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Under an endowment policy, bonuses include Simple Reversionary Bonus and Terminal Bonus is added to the sum assured and payable on death or maturity under the policy.
Not exact matches
On maturity date, the Sum Assured on maturity plus the vested simple reversionary bonuses including any Terminal Bonus is payable
On Maturity the Guaranteed Sum Assured on Maturity is payable which is equal to basic SA including accrued Guaranteed Additions @ 7 % and vested Simple Reversionary Bonuses
GSV = GSV Factor * cumulative annual premiums paid including the GSV of Simple Annual Reversionary bonuses
In case of death post the first 5 years, the chosen Sum Assured under the LIC pension plan including the accumulated Guaranteed Additions, Simple Reversionary Bonuses and Final Additional Bonus, if any till the date of death is payable to the nominee who can avail the death benefit whether in lump sum or annuity or partly in lump sum and partly in annuity depending on his choice
If the policyholder has paid all the premiums that is the full amount and survives till the end term of the policy than the Maturity Benefit will be included in the Sum quoted on the maturity plus the vested Simple reversionary benefits and the Final Additional Bonus if any is there will be added.
After the policy matures, maturity amount which includes 40 % of sum assured + Accrued Bonuses (vested Simple Reversionary Bonuses) + Final Additional Bonus (FAB — if any) will be paid.
The paid - up value is equal to the paid - up sum assured including vested simple reversionary bonus with the terminal bonus if any.
The maturity benefit includes a basic sum assured with vested simple reversionary bonuses.