Sentences with phrase «intervals during the policy term»
It is important for you to ensure that the survival benefits received at periodic intervals during the policy term qualify for these tax exemptions as well.
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Policyholders receive guaranteed money back at 15 % of the Sum Assured at regular intervals during the policy term.
«Cash Assure ensures lump sum payout at specified intervals during the policy term considering the need for money at different stages of life.
A money - back plan is also an endowment plan, in which a certain fixed proportion of the sum assured is payable at fixed intervals during the policy term.
A variation of Endowment plans are Money Back plans where some part of the benefits are paid to you at regular intervals during the policy term itself.
Not exact matches
In India, the word term insurance refers to a policy that provides financial cover by assuring an amount for the life of a person who is the policyholder during a specified interval of his life (called the term).
During the life of the policy there may options at interval periods in the policy when you can change your term insurance policy to a permanent insurance policy.
Decreasing term life insurance policies typically see the death benefit decrease at specific intervals during the course of the term.
In the money back policy, insurance companies pay a fixed amount of sum assured at the regular intervals during the term of policy.
Premium under this policy can be paid in intervals in the form of yearly, half yearly, quarterly and monthly, where monthly premium can only be through NACH or salary deduction during the term of policy.
-- They provides life coverage during the term of the policy and the maturity benefits are paid in installments (at periodic intervals) by way of survival benefits.
It can be paid any time during the policy term at irregular intervals excluding the basic regular premium payment.
These policies offer insured party payments at regular intervals, in the form of survival benefits, during the term of the policy.
Here you will get some money back in 5 intervals (in 20th, 21 st, 22 nd, 23 rd and 24thyear) during the policy term of 25 year.