Sentences with phrase «lump sum amount equal»

Benefit at Maturity: A lump sum amount equal to Base Sum Assured multiplied by Guaranteed Maturity Multiple (GMM) is payable.

At maturity, a lump sum amount equal to 100 % of Sum Assured i.e., Rs 10.6 Lacs is payable.

At any time during the policy term, in case an employee is diagnosed with any of the Covered critical illnesses, a lump sum amount equal to chosen percentage of sum assured subject to a maximum of $ 50 lacs is paid.

Life Cover + Level Monthly Income Option: In the event of the demise of the life Insured, a lump sum amount equal to the Sum Assured is paid to the nominee.

Basic Life Cover Option: In the event of the demise of the life Insured, a lump sum amount equal to the Sum Assured is paid to the nominee.

A term insurance plan is a pure protection cover that pays your family a lump sum amount equal to the sum assured, in case of your unfortunate death during the policy term.

Life Cover + Increasing Monthly Income Option: In the event of the demise of the life Insured, a lump sum amount equal to the Sum Assured is paid to the nominee.

Lump sum + Increasing Annual Income Option: In case of demise of the life insured, the lump sum amount equal to 50 % of the policy sum assured is paid to the nominee, subject to acceptance of the death claim.

In the event of the death of the life Insured, a lump sum amount equal to the Sum Assured is paid as a life insurance benefit to the nominee.

A lump sum amount equal to 10 times ** the annualized premium along with accumulated bonuses and Applicable Guaranteed Terminal Additions is paid immediately to the family members applicable

A lump sum amount equal to total Sum Insured is given to the family, in case of accidental death or permanent disability.

Not exact matches

The total amount paid as a lump sum and monthly payments will be equal to the amount that would have been paid had the member not elected to receive a lump - sum payment.

The teacher also had to pay a lump - sum amount equal to 4 percent of her salary per year purchased.

Similar to an equity loan, you can receive the loan amount in a single lump sum or in equal monthly installments paid to you from the creditor, which is why it is a reverse mortgage — you receive payments rather than make them each month.

Please let me know that monthly income advantage plan offered by Max Life in which after paying 12 annual premiums will get a monthly income for next 10 years & get a lump sum amount (equal approximate the premiums paid in 12 years in the beginning) plus approx. 14.5 times death benefit for the entire policy term i.e. 22 years.

Under this option, you pay a one time lump sum amount up - front at closing equal to 3 - years of monthly mortgage insurance.

If you don't pay off the full amount of the loan by the end of the term, or if you can't afford to make equal payments over the life of the loan, the final payment must be made as a lump sum.

Could you suggest me good procedure mean whether in Lump sum in one go or can I spread this amount in 12 equal installments into the said funds.

If you die before the end of the term, your beneficiaries receive a lump sum equal to the amount of coverage you purchased.

Instead of investing a lump sum all at once, you divide the pot into equal amounts and invest each sliver periodically — say once a quarter.

Under both these variants, you'll qualify to get the lump sum amount, equal to the Fund Value.

The death benefit for a life insurance policy is typically provided in a lump sum equal to the amount of the policy.

The Death Benefit is equal to the Sum Assured and paid as a lump sum amount.

After the death of policyholder, lump sum amount is given to the nominee, equal to the total of sum assured of the policy + simple reversionary bonus + additional bonus if any.

Accidental Death Rider: In the case of an accidental death of the insured, an additional amount equal to the sum assured plus the original sum assured in the lump sum will be paid to the nominee.

A lump sum amount is paid on death of the life insured which is equal to 10 % of the Sum Assured chosen by the policyholder.

If on the hand a policyholder opts for an installment option, then the 50 % of the sum assured is paid as a lump sum amount and the rest is paid in 5 equal annual installments.

The nominee can avail the entire death benefit in a lump sum amount or avail 50 % of the benefit in a lump sum and the rest 50 % in equal monthly instalments @ 0.42 % of the Guaranteed Death Benefit for 10 years post death.

Policyholders have the option to commute 1/3 of their pension, in which case they will receive a lump sum payment equal to the amount thus commuted.

During policy tenure in case you are diagnosed with any terminal illness, company will pay you a lump - sum amount equal to 25 % of sum assured.

o Lump Sum + Equal Annual Installments: If the policyholder chooses Installment option, 50 % of the Death Sum Assured will be paid as lump sum immediately on death of the life insured and the remaining amount is paid annually in 5 equal installments (starting post 1 year from date of death of the life insurLump Sum + Equal Annual Installments: If the policyholder chooses Installment option, 50 % of the Death Sum Assured will be paid as lump sum immediately on death of the life insured and the remaining amount is paid annually in 5 equal installments (starting post 1 year from date of death of the life insuEqual Annual Installments: If the policyholder chooses Installment option, 50 % of the Death Sum Assured will be paid as lump sum immediately on death of the life insured and the remaining amount is paid annually in 5 equal installments (starting post 1 year from date of death of the life insurlump sum immediately on death of the life insured and the remaining amount is paid annually in 5 equal installments (starting post 1 year from date of death of the life insuequal installments (starting post 1 year from date of death of the life insured).

In case of death of the life insured, this plan pays 50 % of the death sum assured as a lump sum and the balance amount is then paid as equal monthly installments for a period till the nominated child attains 21 years.

In the event of Accidental Death, the amount is payable as a lump sum and in case of Accidental Total Permanent Disability, the amount is payable in 10 equal annual installments.

Scenario B: Mr. Gupta dies during the Term of the Policy In the event of unfortunate demise of Mr. Gupta in the 3rd policy year after payment of 3 years» premiums, his family will receive a lump sum amount of Rs 1,014,000, Guaranteed Sum Assured on maturity equal to Rs 2,00,000 along with accrued Annual bonuses and Final bonus, is payable on maturity.

Under lump - sum benefit option, a lump - sum amount equal to the sum assured will be paid on the death of the life insured and policy will then liable to terminate.The sum assured in this policy will be higher of 10 times the annualized premium, or 105 % of the annualized premiums.