Sentences with phrase «lump sum benefit amount at»

(2) On the payment of the last monthly income / lump sum benefit amount at the end of the Benefit Pay out period, or death.

Not exact matches

Included with this benefit is a Recovery Benefit that pays a lump sum amount when the insured returns to work at least 30 hours per week immediately after a period when residual disability benefits werbenefit is a Recovery Benefit that pays a lump sum amount when the insured returns to work at least 30 hours per week immediately after a period when residual disability benefits werBenefit that pays a lump sum amount when the insured returns to work at least 30 hours per week immediately after a period when residual disability benefits were paid.

A Single Premium policy is the one in which the premium amount is paid in lump sum at the beginning of the policy as a return for the death benefit which is guaranteed to be paid up until the death of the policyholder.

Lump sum, where the life insurance company pays the total amount of the benefit in one single payment at the death of the insured

Lump sum: all proceeds are paid in a single amount at closing, with the maximum allowable disbursement at loan closing or during the first year of the loan being restricted to 60 percent of the eligible benefit or the mandatory obligations plus 10 percent of the benefit.

If your loved one was fatally injured at work, you may also be able to recover permanent total disability as death benefits for a period of time or in a lump sum amount.

Used to preach, buy term, invest the difference... But a permanent death benefit, cash values, tax free loans, tax free lump sum payment to beneficiary, privacy of beneficiary info, very difficult for others to get at your cash value, ability to fund very high amounts with tax benefits, cheaper while you are younger / healthy, paid up additions, Potential less premium with IUL and index gains potential, or Whole Life and pay more for insurance, but higher dividends...

PLI Anticipated Endowment Assurance (AEA) Plan is a Money Back plan, which provides guaraateed money backs (Survival Benefits) at specified intervals and lump sum amount on completion of term as maturity.

Just to remind you one thing that the concept of term plan has come to provide you only death benefit with a huge lump sum amount at the cost of a nominal premium every year.

You have to pay premium for few years and you get guaranteed benefits like regular income at an attractive rate of 11 % - 13 % p.a., lump sum amount on maturity and life cover throughout the policy term.

The nominee on receiving the Death Benefit may withdraw the entire proceeds in a lump sum; or they may utilize the amount (partly or wholly) to purchase an annuity at the then prevailing rate from the Company.

You may take up to 1 / 3rd * of vesting benefit as a lump sum and purchase an immediate annuity from us with the balance amount at the then prevailing annuity rates under any immediate annuity plan available on sale then.

Maturity benefits can be disbursed by way of term settlements or using a lump sum amount at the end of the policy term.

The Maturity Benefit can also be received as a lump sum amount at the Maturity Date.

Lump - Sum plus Monthly Income: 50 % of the Death benefit is paid as a lump sum and the amount remaining is paid as monthly income for 15 years growing by 10 % at simple rate annuaLump - Sum plus Monthly Income: 50 % of the Death benefit is paid as a lump sum and the amount remaining is paid as monthly income for 15 years growing by 10 % at simple rate annualump sum and the amount remaining is paid as monthly income for 15 years growing by 10 % at simple rate annually.

However, the Premium that you pay at regular intervals provide you with Risk cover and some lucrative sops, say a lump sum amount as Maturity benefit, and so on.

In Unit Linked Polices instead of taking a lump sum amount at maturity, some plans provide policyholders with the option to receive the Maturity Benefits as a structured payout (periodic instalments) over a period of time (say, 5 years or any time up to 5 years) after maturity.

In the unfortunate event of death of the policyholder or parent invested in a child plan, future premiums are waived off while the child receives a lump sum beneficiary amount as life cover along with maturity cover benefits at the end of policy tenure.

This plan provides annual survival benefits at the end of the completion of premium payment up to 100 years of age and a maturity lump sum amount at maturity of term or death of the policyholder during the term.

Settlement Option is available at maturity and it provides you the flexibility to receive the maturity benefits either 50 % as lump sum and balance 50 % as periodic installments or whole amount through periodic installments.

You have the option to take up to 1 / 3rd of the benefit as tax - free lump sum as per the current income tax regulations and use the remaining amount to purchase annuity at the prevailing annuity rate.

Rohtash Chaturvedi at 30 years of age is planning for retirement and looking for a plan that offers a lump sum amount on vesting that can be used to receive the commutation benefit and annuity benefit.

o Death Benefit LumpSum + Increasing Monthly Income Option: 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 increasing monthly installments (@ 12 % per annum at the simple rate of interest) for a period of 10 years.

You can take up to 1 / 3rd of the vesting benefit as tax - free lump sum and use the remaining amount to purchase annuity at the prevailing annuity rate.

In the event of the policyholder's death anytime during the policy term, the child / nominee receives the lump sum amount (death benefit) as promised at the time of purchasing the policy.

The main feature of LIC's New plan — Jeevan Umang is it provides annual Survival Benefits from the end of the PPT (Premium Paying Term) till policy maturity and also pays lump sum amount at the time of maturity (or) on death of the policyholder (during the policy tenure).

Choose between two Death Benefits; one that provides your family with a fixed Monthly income for 15 years, whereas the other offers your family a 50 % lump sum of the Sum Assured at Claim intimation and the remaining amount is paid out on an annual basis in increasing instalments over a period of 10 years.

The Benefits of purchasing return of Premium Term Life Insurance is that at the end of the coverage period that you selected, you can choose to get a lump sum payment on the base premium amount you have paid out.

Annuity is a type of plan where you pay a lump sum amount at once and reap its benefits after your retirement.

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

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.

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.

This plan provides for Annual Income benefit that may help to fulfill the needs of the family, primarily for the benefit of children, in case of unfortunate death of Policyholder any time before maturity and a lump sum amount at the time of maturity irrespective of survival of the Policyholder.

As the policy term progresses, these benefits in the form of Bonuses keep accumulating and at the time of matuirty, policy holder gets lump sum amount i.e. Sum Assured + Bonus.