Sentences with phrase «life insurance claims remain»

IRDAI reports show that on an average, a significant percentage of life insurance claims remain pending for over 12 months before final settlement....

Not exact matches

With a participating whole life policy, after all the claims and expenses of the insurance company have been paid for a given policy year, the policy owner is entitled to «participate» in any surplus that remains.

Notably, most / all of the growth in the policy at those interest rates will likely be eroded by the life and long - term care cost - of - insurance charges, but hybrid life / LTC policies typically provide a guarantee that no matter what, the client's original $ 200,000 remains assured, liquid and available without surrender charges or penalties (though withdrawals would impact available amounts for claims, and claims may affect the amounts available at surrender or death as well).

Dividend: In a participating whole life insurance policy, the refund of that part of the premium paid at the beginning of the year which still remains after the company has set aside the necessary reserve and made deductions for claims and expenses.

While many financial advisers remain steadfast against using life insurance for investment purposes, claiming the returns, historically, have been extremely weak compared to mutual funds and other investments, the fact remains the cash value of most whole life insurance policies grows over time.