Sentences with phrase «insurance during an entire year»

When you are a responsible rider and you don't file a claim for your two - wheeler insurance during an entire year, you get a deduction on your premium amount which is known as No Claim Bonus (NCB).

Not exact matches

I feel that the traditional insurance products gives an insurance coverage even during the policy period and still if the investor is alive, he gets extra amount in form of Bonus + FAB which comes closer to 6 - 7 % which is an excellent option for long term (> 15 years) right whereas Term insurance is only till certain time or else the entire amount gets wasted..

Term life insurance assumes the risk that the policyholder will die during the policy's term - typically between 10 and 30 years and, therefore, the premiums remain the same throughout the entire term of the policy.

For instance, if you travel often, it makes sense to purchase Annual Medical Health Travel Insurance to be covered during the entire year period wherever you go.

Term life insurance policies frequently last as long as 30 years, and whole life insurance policies can last the entire lifetime of the insured, so it's very likely that during that time the document has moved or become covered by other records and household items.

If your job provided the health insurance for the entire family, your spouse can initiate coverage for the family, because loss of coverage is a qualifying event that triggers a special enrollment period, regardless of when it happens during the year.

For instance, where motor insurance is concerned, very often, policyholders might bear the cost of smaller claims so that they can enjoy the No Claim Bonus provided to those policyholders who do not make a single claim during the entire year.

Briefly, the three major types of life insurance are: â $ cents Level term life insurance where your premiums remain the same during the entire term period â $ cents Annually renewable term life insurance where the premiums increase each year of the term.

The key highlight Reliance Life Insurance Highest NAV Advantage Plan is that it offers guarantee on maturity with the highest net asset value (NAV) per unit achieved during the entire 15 years policy term, Reliance Life Insurance said in a statement.