Sentences with phrase «lump sum amount payable»

Points to ponder over for considering Max Life Cancer Insurance Plan Benefits offered: Apart from lump sum amount payable on diagnosis of cancer, there are three benefits offered:

The nominees can opt for full lump sum amount payable on death of the policyholder, or 50 % upfront, followed by annual income for next 10 years.

On death during the policy term higher of 10 times the annual premium or 125 % of annual premiums paid till death or lumps sum amount payable on maturity

Not exact matches

The lump sum payment can not be less than six times or more than 36 times the monthly amount that would be payable under the plan of payment selected.

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have been paid.

Some have restrictions on the form of benefit (for example, lump sum or income stream) or the amount of the benefit payable.

Different treatment arises for the purposes of your transfer balance account depending on whether, under the payment split, the non-member spouse is entitled to either a lump sum amount or a percentage of the member spouse's superannuation income stream benefits payable from the superannuation income stream.

An LSPO may provide for amounts to be payable in instalments or by way of a lump sum, perhaps with an interim order for sale, and the court has considerable flexibility over the scope / nature of the legal services to be covered and the duration of the order.

Under cancer insurance plan, a lump sum amount is payable to the insured for cancer treatment.

• On death of the annuitant, Death benefit2 is payable as lump sum to the nominee and no further amount will be payable.

A lump sum amount is payable for the identified critical illness, medical events or surgical procedures on confirmed diagnosis and severity of the illness.

In the case of death of the insured before the date of the maturity, then the benefits of death that are payable to the nominees in a lump sum amount are as follows:

Maturity Amount: Here one has to sit with his or her Financial Advisor to find out the lump sum amount that will be payable by the Insurance company to the policy holder at the end of 5 years or at one go at the time of cessation of the duration of the pAmount: Here one has to sit with his or her Financial Advisor to find out the lump sum amount that will be payable by the Insurance company to the policy holder at the end of 5 years or at one go at the time of cessation of the duration of the pamount that will be payable by the Insurance company to the policy holder at the end of 5 years or at one go at the time of cessation of the duration of the policy.

o Option A: - Base: In the event of insured's unfortunate demise, the base sum Assured (less terminal illness benefit already paid) is payable to the nominee as a lump sum amount.

In the event of demise of Mr. Raman during the 8th policy year, a lump sum amount of Rs 5 Lacs plus Accrued Guaranteed Loyalty Additions is payable as the death benefit to the nominee.

Death Benefit Option 3: Lump sum plus Regular Income: A proportion of death benefit is payable as a lump sum on death & the remaining amount as a regular incLump sum plus Regular Income: A proportion of death benefit is payable as a lump sum on death & the remaining amount as a regular inclump sum on death & the remaining amount as a regular income.

In case demise of the life insured during the policy term, the death benefit is payable to the nominee as a lump sum amount.

A lump sum amount (Fund Value) at maturity = Rs. 234,452 @ 8 % or Rs. 154,333 @ 4 % is payable.

There are term plans that provides a total payout of 148 % of the lump sum amount and a fixed monthly income of 0.4 % of the lump sum amount, payable over 10 years.

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have been paid.

The Death Benefit payable is: Lump Sum Benefit: The higher of Sum Assured (including Top - up Sum Assured) or Minimum Death Benefit is payable as a lump sum amoLump Sum Benefit: The higher of Sum Assured (including Top - up Sum Assured) or Minimum Death Benefit is payable as a lump sum amolump sum amount.

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.

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

Option 1: Lump sum Amount on death: Guaranteed Death Benefit (The Guaranteed Death Benefit is the Sum Assured on Death which is the highest of Sum Assured or Maturity Sum Assured or 10 times the annual premium payable or 105 % of total premiums paid to date)

A lump sum amount is payable for the first time diagnosis of any one of the 11 critical illnesses (First Heart Attack of specifiedseverity, Cancerofspecified severity, Stroke resulting in Permanent Symptoms, Open Chest CABG, Kidney Failure Requiring Regular Dialysis, Major Organ / Bone Marrow Transplant, Total Blindness, Coma of specified severity, Major Burns, Multiple Sclerosis with persisting symptoms, Permanent Paralysis of Limbs).

In the event of demise of Mr. Raman during the 8th policy year, a lump sum amount of Rs 20 Lacs or above is payable as the death benefit to the nominee.

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.

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

In the event of demise of Mr. Raman during the 3rd policy year, a lump sum amount of Rs 5.5 Lacs is payable as the death benefit to the nominee.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is as follows: Lump Sum Benefit: A lump sum amount is paid at the time of claim to take care of any immediate financial requirements of the famLump Sum Benefit: A lump sum amount is paid at the time of claim to take care of any immediate financial requirements of the famlump sum amount is paid at the time of claim to take care of any immediate financial requirements of the family.

In the event of demise of Mr. Raman during the 15th policy year, a lump sum amount of Rs 10 Lacs or above plus guaranteed accrual additions is payable as the death benefit to the nominee.

This means that on diagnosis of a critical illness, a lump sum benefit amount will be payable to the insured.

If opted for lump sum maturity amount, the future installments are payable at a discounted rate of 6 % per annum.

A lump sum amount of maximum of 1 % of the sum insured up to Rs 10,000 is payable towards Convalescence benefit.

If life insurance death benefits are paid to you in a lump sum or other than at regular intervals, include the life insurance death benefits in your gross income on your tax return only to the extent the life insurance death benefits are more than the amount payable to you at the time of the insured person's death.