Sentences with phrase «loyalty additions after»

The policy also earns loyalty additions after the 6th year.

The nominee will also receive added Loyalty Additions after policy year starting in 2019.

Loyalty addition: LIC Bima Bachat policy declares loyalty addition after the policy has completed a tenure of 5 years.

Scenario B: Raman dies during the Term of the Policy In the event of demise of Mr. Raman during the policy term, Rs 1,00,000 plus Loyalty Addition after completion of 5 policy years is payable to the nominee.

Not exact matches

Loyalty Additions accrue under the Reliance retirement plan @ 1 % from the end of the 6th policy year; increases by 1 % after every 3 years

Loyalty Addition is provided on the policy only after 5 year from date of purchase.

Policyholders get to earn Loyalty Addition only after 5 years of successful completion of policy.

After completion of 5 years of LIC Bima Bachat, the Sum Assured along with Loyalty Addition, if any would be paid as Death Benefit

If the Life Insured dies after the accumulation period but before 100 years of age, then the Sum Assured + Loyalty Addition is paid and the policy is terminated.

After reaching the maturity age, the policyholder gets the basic Sum Assured along with Loyalty Additions.

It brings the policyholder profits in terms of loyalty points, in addition to the lifelong benefits throughout the policy term, which is payable after the policy complete 10th year.

If the death occurs after the completion of 5 policy years but before the completion of policy tenure or before the maturity date of the policy then the sum assured amount along with the loyalty addition is payable to the nominee of the policy.

After the completion of 15 policy years, the policy provides loyalty addition which increases every year.

While Guaranteed Additions accrue every year for a specified tenure, Loyalty Additions are added after a certain term has elapsed.

Loyalty Additions are paid after specified intervals and are calculated as 1 % * average fund value on the first day over the last 24 months

Claim after insurer's death will not include loyalty additions.

In endowment plans like Edelweiss Tokio Life — Wealth Builder, after a certain period of time, your policy will attract guaranteed loyalty additions (GLA).

The policy will add 0.15 % of the average daily value of the fund for the year, after the 6th year as loyalty addition.

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.

The plan has a lock - in period of 15 years, after which an insured person is liable to receive the maturity sum assured along with any loyalty additions.

In this plan Loyalty Addition will be paid additionally if the death occurs after 5 years, whereas normal insurance coverage will equal to Basic Sum Assured.

and I guess no Loyality addition would be added (since loyalty addition is given only after 10 years Continuous premium payments, So I am not able to figure out whether the amount of 1,68,140 which I had paid as premiums till now will hardly have any value after 14 years.

If the policyholder dies after the completion of 5 years of the policy tenure, then only the sum assured along with the loyalty addition (if any) is returned to the nominee..

On death after completion of five policy years but before the date of maturity: «Sum Assured on Death» and Loyalty Addition, if any, is paid.

At the time of the maturity, insured receives sum insured plus loyalty addition i.e. after completion of 12 years.

In case of death during after 5 years of the policy: Death Claim will be Sum Assured + Loyalty Addition.

If he dies after 5 years of the policy and in between the policy period then his nominee will be paid 10 times of the premium amount or 105 % of the total sum assured + Loyalty addition.

If the death of the sum insured has occurred after 5 years from the date of policy, Death benefit which is equal to 110 % of basic sum assured + Loyalty additions (if any) would be paid.

In the event of demise / death after the completion of five years but before maturity: Sum Assured on Death + Accrued Guaranteed Additions + Loyalty Addition, if any.

Since LIC Jeevan Shiromani is a new plan and we can't predict about loyalty addition that will be applicable after 20 years, we have to work with a set of assumptions.

Some ULIP investment plans offer Loyalty Additions / Guaranteed Additions that starts adding to your fund value after completion of the first 5 years.

Sum Assured plus Loyalty Addition is payable, in case of death of the life insured before the date of maturity and after completion of 5 policy years.

In the event of demise of Mr. Raman during any policy year, Rs 1 Lac along with loyalty addition (if death occurs after the 5th policy year) is payable.

Loyalty Additions rate is 6.1 % / 2.5 % at the end of 10th policy year / 15th policy year and so on after every 5 years, respectively.

On Death After Completion of 5 Policy Years But Before Maturity: «Sum Assured on death» along with Accrued Guaranteed Additions and Loyalty Additions shall be payable.

ON DEATH: If insured dies before 5 year during the term nominee will get SUM ASSURED, But if insured dies during the term or after five year nominee will get SUM ASSUERD + LOYALTY ADDITIONS.

2) What will be approximately surrender value for me after adding loyalties addition (after 10 yrs) 3) Is it good to surrender policy now?

In addition to the above, Loyalty Addition, If any, shall also be payable if death occurs after completion of 5th poliaddition to the above, Loyalty Addition, If any, shall also be payable if death occurs after completion of 5th poliAddition, If any, shall also be payable if death occurs after completion of 5th policy year.

In case, death occurs after 5 years, death benefit = SA + GA + Loyalty Addition is payable.

Note: 8 Years is minimum age of risk commencement under this policy and Loyalty Addition is applicable only after 5 years of successful policy term.

The death claim in first five year will be 110 % of Basic Sum Assured and after completion of 5 years, death claim amount will be 110 % of Sum Assured + Loyalty Addition (LA).

In case of death after completion of 5 policy years and before maturity, the death claim will be 125 % of Basic Sum Assured + Guaranteed Addition (GAs) at the rate of Rs 55 per thousand of Sum Assured per year (up to the policy year of last premium payment) + Loyalty Addition (LA).

Five year is significant because loyalty addition will be applicable only 5 years after buying the policy.

In case of death before 20 years, for example, if death happens after 14 years from commencement (Age: 38, Year: 2031), then Death claim shall be 2992500 + Loyalty Additions (LA).