Sentences with phrase «insured guaranteed additions»

In order to enhance the benefits of the insured guaranteed additions are also provided under the plan.

Not exact matches

The insured gets the sum assured along with bonus and guaranteed additions that accrues during the term.

Accelerator Paid Up Additions Rider allows the insured to purchase paid up additional insurance with a guaranteed cash value.

In addition, the premium that is charged for many types of burial insurance coverage will be locked in and guaranteed not to increase — even as the insured ages, and / or regardless of whether they attain a serious health issue in the future.

Maturity Benefit — if the insured survives till the end of the policy term then he shall receive Maturity Sum Assured + Guaranteed Additions Accrued to date + Accrued Assured Income if opted.

If the insured dies during the tenure of the plan, the Guaranteed Death Benefit along with the accrued Paid - up Additions and any Terminal Bonus is paid to the nominee

On death of the insured a death benefit will be paid which will be higher of the aggregate premiums paid compounded @ 1 % including the accrued Guaranteed Additions and bonuses or 105 % of all premiums paid till death.

In the event of the passing away of the person insured, the nominee receives the Sum Assured plus Guaranteed Additions as part of the Death Benefit.

Maturity Benefit is paid if the person whose life is insured is alive when the policy matures, he or she receives the Sum Assured plus the accrued Guaranteed Additions.

In case the insured dies after the completion of first 5 years of the policy, the nominee of the policy receives the basic sum assured + accrued guarantee addition + simple reversionary bonus + final reversionary bonus (if any), which can be paid as a lump - sum or as an annuity, or as a combination of two.

The insured is offered a guaranteed payment of loyalty addition once the policy comes to its completion.

Death Benefit - In case of the demise of the insured within the initial 5 years of the policy issued date (i.e. before the vesting date), a basic sum assured plus accrued guaranteed addition in paid to the policy beneficiary either in a lump - sum or as the annuity or as a combination of two.

In addition, the amount of the premium payment is typically guaranteed — regardless of the increasing age of the insured, and / or whether the insured contracts any type of adverse health condition in the future.

Loyalty addition usually, is the difference between the performances of the Insurer (business-wise) and the guaranteed additions that the Insured enjoys.

Guaranteed Death Benefit + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) Here, the Guaranteed Death Benefit is computed as the highest of 11 times the Annualised Premium or 105 % of all premiums paid by the Policyholder as on the date of death of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the policy.

In case of death of the insured during the policy period, higher of the base sum assured or 105 % of the total premiums paid plus guaranteed additions on the amount of the premiums are offered to the nominee

If the person insured passes away, the nominee receives the Death Benefit, which is the Death Sum Assured and the Guaranteed Additions and Bonus accrued until the policy year in which the demise has occurred.

It also has guaranteed loyalty additions that are payable only if the life insured is alive and all due premiums have been paid.

In an endowment policy, if the insured dies during the term of the policy, the nominee receives the sum assured plus the bonus or participating profit or guaranteed additions, if any.

When the policy matures, the sum assured + accrued revisionary bonus + guaranteed additions will be payed to the policy holder or to the nominee in case of an early death of the life insured.

The insured is paid the sum assured as chosen by him along with the Accumulated Guaranteed Additions as the maturity benefit, given that no claims have been done yet.

The insured will get the total Fund Value on Maturity which also includes top - up Fund Value and Guaranteed Additions

After the plan completes 5 years, a Guaranteed Terminal Addition calculated as a percentage of the Sum Assured is paid on maturity or death of the insured.

On death of the insured during the plan tenure, higher of the Guaranteed Maturity Benefit or the Sum Assured along with the Guaranteed Loyalty Additions, vested bonuses, interim bonus and any Terminal Bonus is paid

Within the first year of the policy: If an insured person dies within the first five years of the policy and provided all the premiums are paid, the nominee will be provided with the Basic Sum Assured + accrued Guaranteed Additions.

Classic: Under this option, if the insured dies during the policy term, the insured shall be paid basic death benefit plus accrued guaranteed additions plus accrued bonuses, if any

In addition, there is a guaranteed payout when the insured dies, no matter how old the policy is.

● Single Pay plan: If an insured person dies within the first five years of the policy and provided all the premiums are paid, the nominee will be provided with the Basic Sum Assured + accrued Guaranteed Additions.

Step 3 — if the insured survives the plan tenure, the guaranteed maturity Sum Assured, accrued paid - up additions and bonuses are paid.

In case the insured dies, higher the sum assured or 11 times the annual premium is paid including the guaranteed additions subject to a minimum of 105 % of all premiums paid till the date of the death

The amount of Guaranteed Loyalty Additions depends on Policy Term, Premium Paying Term, Annualized Premium, Entry Age and Gender of the Life Insured.

If the insured dies, the nominee shall be paid higher of sum assured or 11 times the annual premium is paid including guaranteed additions subject to a minimum of 105 % of total premiums paid till the date of the death

In the event of death of the life insured during the policy term, Entire Sum Assured plus the Guaranteed Additions accrued till date is payable to the nominee.

In the event of death of the life insured during the policy term, provided all due premiums are paid, the death benefit payable is sum assured on death plus guaranteed loyalty additions plus vested bonus plus interim bonus plus terminal bonus.

Scenario II: Rohtash dies during the Term of the Policy On the unfortunate demise of the life insured, the sum of total premiums paid (compounded monthly at 1 % p.a interest), accrued guaranteed additions and accrued bonuses are payable.

On the death of the life insured during the policy term, a death benefit is payable is Guaranteed Death Benefit + Accrued Paid - Up Additions (if any) + Terminal Bonus (if any).

On survival of the life insured till the end of the policy term, the Fund Value plus Guaranteed Loyalty Addition is payable at maturity.

On survival of the life insured till the end of the policy term, the higher of Fund Value (including Guaranteed Loyalty Additions) or Guaranteed Maturity Benefit of 101 % of the total premiums is payable at maturity.

If the policy is in force and the Life Insured survives to the Maturity Date of the policy, then the maturity benefit equal to Sum Assured on Maturity will be payable which is 100 % of Single Premium along with Total Guaranteed Additions accrued during the Policy Term (excluding Mortality Premium, if any).

Guaranteed additions of up to 10 % at the end of every year, payable on death of Life Insured or at maturity

On survival of the life insured till the end of the policy, Sum Assured plus accrued guaranteed additions plus accrued reversionary bonuses, and terminal bonus is payable.

Scenario A: On survival of Mr. Raj In case of survival of the life insured till the vesting date, an amount equal to the Basic Sum Assured along with accrued Guaranteed Additions, vested Simple Reversionary bonuses and Final Additional bonus is payable.

Get the higher of base Sum Assured plus guaranteed additions on premiums paid or 10 times the base annualised premium or 105 % of premiums, in case of the unfortunate event of death of the Life Insured.

On the death of the life insured during the policy term, a Guaranteed Death Benefit is payable which is Highest of any of the Sum Assured plus accrued Guaranteed Additions and Bonuses, Guaranteed maturity benefit plus accrued Guaranteed Additions and Bonuses or Minimum Death Benefit.

If the life insured survives till completion of the policy term, the guaranteed maturity benefit equal to Sum Assured on Maturity plus Guaranteed Additions plus Loyaltguaranteed maturity benefit equal to Sum Assured on Maturity plus Guaranteed Additions plus LoyaltGuaranteed Additions plus Loyalty Benefit.

At maturity, an amount equal to the Basic Sum Assured along plus accrued Guaranteed Additions, vested Simple Reversionary bonuses and Final Additional bonus is payable to the Life Insured.

In the event of death of the life insured, the benefits payable to the nominee will be Basic Death Benefit, Plus guaranteed yearly additions accrued as on the date of death.

Higher of 100 % of Sum Assured plus guaranteed additions on the premiums paid or 105 % of premiums paid till date of death (excluding any underwriting extra premium) or 10 times annualized premium is payable on the death of the Life Insured

In the event of the demise of the life insured, the Death Benefit payable is higher of Defined Assured Benefit or 105 % of the total premiums paid plus sum guaranteed additions and bonuses.

In the event of death of the insured during the policy term, Death Sum Assured plus Accrued Annual Guaranteed Additions is payable.