Sentences with phrase «loyalty additions»
"Loyalty additions" refer to additional benefits or rewards that are given to individuals or customers as a way of appreciating their loyalty towards a particular brand, company, or organization. These rewards can include bonuses, discounts, special offers, or extra features provided to those who have been loyal and consistent in their support or patronage. Full definition
The plan comes with guaranteed loyalty additions which help increase your earnings and returns.
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At the end of the policy term, the beneficiary will get fund value along with loyalty additions (if any).
The death benefit under this plan is the sum assured + return on premium excluding the extra riders and the first year's premium + loyalty addition.
And he / she stands a chance to receive a bonus by way of loyalty addition at the end of the plan period, part of the maturity benefit.
At the end of the 10th policy year and every five years thereafter, you get guaranteed loyalty additions as a reward for staying invested in the plan.
The insured will get higher of the total fund value including loyalty additions and wealth boosters or the assured benefit on maturity.
The plan also provides guaranteed loyalty addition at the end of premium payment term and guaranteed maturity benefits at the end of the policy term.
The plan offers 101 % of premiums paid as returns even if the market sees a slowdown and offers a guaranteed loyalty addition for those who stay invested till the maturity period.
Offers dual benefits in terms of making additions to ones wealth as well as offering insurance benefits along with guaranteed loyalty additions on regular premium payments.
The investor receives the benefit of loyalty additions if she / he stays invested in the plan for more than 10 years.
The plan provides loyalty additions which increases the fund value are is paid to the beneficiary of the policy in case of demise of the life assured.
After the completion of 15 policy years, the policy provides loyalty addition which increases every year.
This plan offers loyalty additions and various fund options ensure that your investments work for you.
The policy also earns loyalty additions after the 6th year.
And, if you stay with the policy for 10 years then you earn loyalty additions at 4 % of fund value.
Moreover, the presence of loyalty additions helps to generate more wealth for the policyholder.
The last loyalty addition a percentage of simple average of fund values on the last day of previous eight calendar quarters, before the maturity of the policy.
Guaranteed loyalty additions vary from 1 % to 9 % of annualized premium / single premium.
It allows loyalty additions of 3 % of the single premium depending on the single premium amount and chosen policy term.
The insured is offered a guaranteed payment of loyalty addition once the policy comes to its completion.
It also boasts features like loyalty additions that one gets on maturity if they hold on to the scheme.
At the time of the maturity, insured receives sum insured plus loyalty addition i.e. after completion of 12 years.
By staying invested in the plan, the insured individuals enjoy wealth booster loyalty additions.
Optional accidental death and disability benefit and term assurance rider are also available while loyalty addition is payable on certain conditions.
Five year is significant because loyalty addition will be applicable only 5 years after buying the policy.
10 times of single premium paid (excluding service tax) + loyalty addition will be paid as death benefit.
Receive guaranteed loyalty additions as a reward for staying invested in the plan at the end of the 5th policy year and every 5 years thereafter.
Other benefits include loyalty additions to the maturity benefit if the insured stays invested for a term as specified in the plan.
It is a single premium endowment policy which offers 10 times of your single premium along with loyalty addition.
In addition to this, the product also offers fund booster and loyalty additions for paying premium regularly and staying invested in the policy for 10 years and above.
Policies under this plan are eligible for loyalty addition at time of exit after completion of five years in the form of death during the term or maturity.
On the basis of the market performance, the rates of loyalty additions are decided by the insurance company.
This plan also provides loyalty additions that help grow your wealth.
Nowadays, insurers are increasingly providing the features of guaranteed additions and loyalty additions which add a fixed percentage of returns to the existing fund value at certain intervals.
Guaranteed loyalty additions will be 3 % of the average fund value in the investment account over the last 36 months preceding the loyalty allocation date.
But the string of benefits doesn't end here, the insured also gets to earn loyalty additions (4 % of fund value) for staying invested for 10 years.
2) At the end of 10 years, he will receive Fund Value on Maturity — which will also include additional Loyalty Additions accumulated over the duration of the Policy.
Payment of Single Premium along with Loyalty Addition in case of Life Assured surviving to the end of the policy term.
Guaranteed Loyalty Additions = 1 % of Sum Assured * Premium payment term
LIC's Jeevan Utkarsh is a single premium with a fixed maturity term of 12 years, Loyalty addition based and non-linked life insurance plan.
Staying invested throughout the Policy Term will help you get Loyalty Additions as a percentage of average Fund Value.
The nominee will also receive added Loyalty Additions after policy year starting in 2019.
firstly sum assured upon maturity, secondly the survival benifits @ 5.5 % of the sum assured till the time you are alive, and third and last upon your death Sum assured + Loyalty additions paid to your nominee.
Maturity Benefit — Maturity Benefit is available on total Accrued Fixed Loyalty Additions.
The plan promises Loyalty Additions expressed as a percentage of the premium paid on vesting if the chosen plan term is of 11 - 30 years
Dear Sreekanth, Thanks for your advice, But I have already paid the premium for 14 years premium payment period is 16 years maturity 25 years Have got only 2 more premiums to pay, Hence please do send me the bonus rates including loyalty addition rates for jeevan shree NOT Jeevan Shree - I BUT Jeevan Shrre Plan 112 with GA 75 per 1000 SA Regards R.J.Sarma
The amount of Guaranteed Loyalty Additions depends on Policy Term, Premium Paying Term, Annualized Premium, Entry Age and Gender of the Life Insured.
2) At the end of 10 years, he will receive Fund Value on Maturity — which will also include additional Loyalty Additions accumulated over the duration of the Policy.
The Guaranteed Loyalty Additions increase by 0.02 % (absolute) each year from 11th.
Last year LIC declared Loyalty addition as 375.