Sentences with phrase «installments under the settlement»

Moreover, the beneficiary of the policy can avail the maturity benefit in installments under the settlement option.

Not exact matches

If you can't afford to pay your tax debt under an installment agreement, you can try to work out a settlement with the IRS via an Offer in Compromise.

Commutation Right: The right of a beneficiary to receive in a single lump - sum the remaining payments under an installment option which was selected for the settlement of the proceeds of life insurance policy.

Commutation Right: The right of a beneficiary to receive in a single lump - sum the remaining payments under an installment option which was selected for the settlement of the proceeds of life insurance policy.

The insured shall get the Total Fund Value including Top - up Fund Value on Maturity which can be taken in lump sum or under the Settlement Option where the proceeds can be taken in equal installments over a period of 5 years post maturity

Under the Settlement option, you can choose to receive the maturity or death benefit in installments over a few years instead of a lump sum.

Under settlement option, maturity benefits can also be taken as installments spread over a period of 5 years with an addition of interest at a rate approved by IRDAI.

Under a settlement option, the maturity amount entitled to a life insurance policyholder is paid in structured periodic installments (up to a certain stipulated period of time post maturity) instead of a «lump - sum» payout.