Sentences with phrase «last policy year»
It is even possible to purchase multiple part years for example four and a half years where some one went into run of half way through their last policy year and they have already been in run off for one further policy year.
runoffpi.com
This fund aims to generate profitable returns by investing the funds into diversified portfolio of corporate debt, government debt, money market instruments and other of the last policy year will be switched monthly in Secure Fund.
Annual Payout — A fixed amount equal to 5 times the Monthly Payout is payable at the end of every policy year during the payout period and will not be payable during the last policy year (at maturity).
On survival of the Life Assured till the start of the last policy year, the accrued Fixed Regular Additions are payable on the first day of the last policy year.
On survival till the start of the last policy year, Rahul receives the accrued Fixed Regular Additions
Top - up Premium can be paid through the entire policy term, excluding first and last policy year.
The accrued guaranteed yearly additions are payable at the beginning of the last policy year.
In the event of death during the last policy year, the accrued guaranteed yearly additions are not payable, as it is paid at the beginning of the year.
It is 0.40 % / 1 % for annualized premium for Rs 2,00,000 and above and Single premium for Rs 5,00,000 and above at the end of 6th to 10th policy year / 11th to last policy year, respectively.
It can be invested under the policy any time during the policy term, except the last policy year.
Loyalty Addition is 0.10 % / 0.25 % (% of base premium fund value) made at the end of 6th to 10th policy year / 11th to last policy year, respectively.
For higher premium policies, the Loyalty Addition is 0.20 % / 0.50 % for annualized premium for Rs 1,00,000 to Rs 1,99,000 and for single premium of Rs 2,00,000 to Rs 4,99,000 at the end of 6th to 10th policy year / 11th to last policy year, respectively.
Loyalty Addition is 0.10 % / 0.25 % (% of base premium fund value) payable at the end of 6th to 10th policy year / 11th to last policy year, respectively.