Sentences with phrase «lump sum benefit»
The rider also provides for lump sum benefit in case of hospitalization for any valid medical surgery.
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Is there a plan which pays lump sum benefits during the plan tenure?
This plan provides protection through payment of lump sum benefit on death with annual payouts aligned closely to your child's educational milestones along with many benefits.
In the first two stages, 20 % of the index sum insured is paid as lump sum benefit and all the future payable benefits are written off.
It provides you with lump sum benefit so you don't have to spend your savings on the expensive treatment.
If you are paying a disability lump sum benefit to a member, the tax - free component of the benefit is increased for future service benefit if the member had continued working.
The option of taking lump sum benefit can not be exercised once the fixed income protection payment has commenced.
Life insurance companies offer critical illness insurance that offers protection with a tax - free lump sum benefit.
Instead, she would receive a modest lump sum benefit.
The benefits include lump sum benefit as well as guaranteed monthly benefits.
The insured individual receives regular monthly payments for 5 years after the initial lump sum benefit pay out.
In the event of a claim, there are two benefit payment options: a monthly benefit and an annual lump sum benefit.
These plans offer a fixed lump sum benefit in case of a critical illness being diagnosed.
This comes with several benefits like lump sum benefit, premium waiver benefit, and income benefits etc..
(2) On the payment of the last monthly income / lump sum benefit amount at the end of the Benefit Pay out period, or death.
Max Life Super Term Plan is a traditional Term Insurance plan which provides lump sum benefits if the policyholder passes away and this provides a strong financial support to the policyholder's family at a very reasonable cost.
Cardiac Care is a fixed benefit plan that offers a Base Benefit under which you receive lump sum benefit for any of the covered conditions.
HDFC Life Cancer Care Plan: It provides lump sum benefits on diagnosis of cancer that assists in protecting your income and savings.
PNB MetLife Guaranteed Savings Plan is a guaranteed savings insurance plan that helps you fulfil your dreams by offering lump sum benefit on maturity along with guaranteed additions on cumulative premiums.
1) Life Option — Under this option, the nominee gets lump sum benefit in case of death or diagnosis of critical illness.
Lump sum benefit option: On your death the sum assured will be paid to your family in lump sum and the policy will terminate.
Lump sum payment in case of untimely death: In case of an untimely demise of the parent (the life insured), Max Life Insurance will offer death benefit by paying lump sum benefit of higher of Sum Assured or 105 % of all premiums paid.
In case of a Critical Illness Claim then the hospitalization expenses incurred will be paid under Health Insurance and Lump sum benefit after the survival period will be paid under Critical Illness cover.
Offers life insurance cover, lump sum benefit at maturity, regular guaranteed payouts for 15 years after maturity
Apart from offering guaranteed lump sum benefit on maturity, the plan also offers guaranteed income during the income term that increases every year.
Max Life Term Plus Rider (UIN: 104B026V02) provides additional lump sum benefit in case of death of the Life Insured.
Death Benefit as an immediate lump sum benefit is payable to the nominee, depending on the Death Benefit Option chosen.
These types of policies can help to protect assets, and if structured properly, can also be set up such that the owner and / or beneficiaries are not burdened with a hefty tax upon receipt of the policy's proceeds — whether that be through income installments or as one lump sum benefit payment.
The Critical Illness Benefit Rider provides a one - time lump sum benefit if the insured experiences a covered critical illness and meets the benefit eligibility requirements.
In most cases when you make a payment to your member, the assessable amount of the transfer will be treated as a taxable component of a super lump sum benefit consisting of an element taxed in the fund.
Total lump sum benefit of Rs. 1,79,550 @ 8 % or Rs. 1,27,417 @ 4 % His family receives total Death Benefit of Rs. 85,745 (Base Sum Assured) plus Rs. 85,745 (AL ADDD Sum Assured) plus Rs. 46,500 (Bonus @ 8 %) or Rs. 18,675 (Bonus @ 4 %).
For detailed information on how other lump sum benefits are taxed, see the ATO's web pages on lump sum withdrawals and death benefits.
Policy continuance Benefit — in case of eventuality one can get lump sum benefit immediately on death to ensure financial security or can get future premiums waived off and ensure all other benefits are payable to the beneficiary.
The plan promises lump sum benefits, monthly incomes and money - back benefits thus enhancing the benefit structure
Reliance Nippon Life Endowment Plan adds to your savings, rewards you with bonuses and gives you a big lump sum benefit.
The plan offers lump sum benefit enabling the member's family to settle the loan liability in case of an unfortunate event
The monthly benefit or lump sum benefit amount is determined by a number of factors including the income of the key executive, the replacement costs associated with hiring and training a capable replacement and the key person's contribution to the company's earnings.
On death of the Life Insured, the Rider Sum Assured is paid to the nominee as lump sum benefit as guaranteed death benefit along with base policy death benefit (s), provided the rider is in force.
To have more insight on the Pure Term Insurance Plans and its premium cost, we have compiled the list of Pure Term Plans with Lump sum Benefit offered by various insurers along with its premium amount based on the following Cases:
Target Group For customers looking for a tax saving life insurance plan that offers flexibility of paying for a limited period and receive guaranteed regular money backs alongwith a guaranteed lump sum benefit.
1) Bharti AXA Life Hospi Cash Rider (UIN: 130B007V02): This rider allows payment of a fixed benefit for each day of hospitalization and also provides lump sum benefit in case of surgery.
Introducing SUD Life AAYUSHMAAN — a Non Linked Deferred Participating Plan that pays lump sum benefits and lifelong financial protection, a plan to help you ensure that nothing comes in the way of your family's happiness.
BSLI Accidental Death and Disability Rider (UIN: 109B018V03): This Rider entitles the life insured to receive an additional lump sum benefit in case of accidental death and a percentage of Rider Sum Assured in the event of accidental disability.
Death Benefit is equal to an immediate lump sum benefit plus Guaranteed Annual Payouts plus Guaranteed Sum Assured on maturity plus Bonuses are payable.
Bharti AXA Life Hospi Cash Rider: - This rider allows payment of a fixed benefit for each day of hospitalization and also provides lump sum benefit in case of surgery.
The modification to the proportioning rule means that the tax - free component of a disability lump sum benefit is increased.
HDFC Life Cancer Care offers lump sum benefit on diagnosis of Cancer that helps to protect your income and savings from expenses
A spouse (who is living in the same household) can receive a one - time lump sum benefit of $ 255.