Sentences with phrase «lump sum maturity»

Once the Policy has been matured, the Policyholder will receive a lump sum maturity amount which can be utilized for meeting the financial needs like purchasing the property, children's education, organizing a wedding or preparing for one's retirement.

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

A lump sum maturity addition is provided with the maturity payout, provided the policy is in - force.

Additionally, his son will receive all the remaining guaranteed pay - outs and lump sum maturity benefits.

Thus, any life insurance plan with a saving component and lump sum maturity benefit can be termed as an endowment plan.

One of my friend suggested me to look at LIC NJA and similar product from MAX life purely for Debt investment as it offers lump sum maturity amount and assured monthly / annual pay outs post retirement.

These contracts are designed to provide lump sum maturity benefits at the end of the policy term or upon the death of the life insured.

Once the policy has matured and made that the policyholder has survived the policy term, they will receive a lump sum maturity amount which can be utilized for meeting financial needs like purchasing property, children's education, organizing a wedding or preparing for one's retirement.

Scenario I: If Rajiv, the life assured, survives till maturity, he receives Money Back benefits beginning from the end of the third year and a lump sum maturity benefit in the 15th year.

It offers survival payouts of up to 130 % of sum assured at regular intervals throughout the term and also offers lump sum maturity addition to meet your needs.

Not exact matches

These securities are known as Original Issue Discount (OID) bonds, since the difference between the discounted price at issuance and the face value at maturity represents the total interest paid in one lump sum.

There is no lump - sum distributed at maturity.

The Latest Income or Maturity Date allowed under these contracts is the owner's age 95, which is the required age to annuitize or take a lump sum.

(A balloon payment is a lump sum payment for the remaining balance due at maturity).

The company pays only the interest on the bond until maturity, at which time the principal is paid in one lump sum.

You could put the lump sums that accrue from the coupon payments and bond maturities into the worst performing component of the sleepy portfolio.

Once your premium payment term comes to an end, you receive a lump sum cash pay - out of 50 % of the «Sum Assured on Maturity».

These plans offer the nominee a certain percentage of the sum assured at regular intervals and pay out a lump sum amount at the time of maturity.

The company not only pays a lump sum assured at the time of your death, but it also pays back all the premiums you paid as the maturity amount.

They are suited to homeowners who are planning to sell in the near future or those who want the flexibility to make large, lump - sum payments before maturity.

When a CD reaches its maturity, you can take the CD's lump - sum value in cash, renew the CD for the same or different maturity period, or examine other investment alternatives (such as a deferred fixed annuity).

If you are looking for a long term investment and want to receive a lump sum amount at the end of some years or maturity.

You can select whether you want the lump sum as a payout at maturity or opt for structured payouts through settlement option

If the insured dies early, that is before the policy maturity period, his beneficiaries will get the lump sum assured by the insurer.

Saving for the future: An endowment policy, in particular, ensures that the policy - holder saves regularly over a specific period of time so that they will receive a lump sum amount on the policy maturity in case they survive the policy term.

On maturity, the Fund Value is payable which can be availed in lump sum or taken in instalments over a period of 5 years through the Settlement Option feature

On maturity, if the policyholder is alive, the fund value is paid which can be availed in lump sum or over the next 5 years through the Settlement Option.

The main difference between an endowment plan and term insurance plan is as follows - In case of term insurance plans, a lump sum is paid to the beneficiary if the Life insured dies within the maturity period.

If the policyholder is diagnosed with a terminal illness, a lump sum benefit of 50 % of the Guaranteed Maturity SA is paid immediately which is later offset form the benefits payable

Edelweiss Tokio Life child plans help you plan your child's future, and also have a comprehensive death benefit that pays not only a lump sum amount to your family, but also waives off future policy premiums, thereby protecting the maturity value that you had planned for your child.

On maturity, a lump - sum amount along with Assured Sum and guaranteed accrued is received by the insurer.

On maturity, the resultant fund is sufficient enough to provide for such huge expenses which would require a lump sum amount.

So when you outlive the policy, you receive a lump sum money as the maturity benefit.

If the Life insured survives till the end of that specified period (maturity period), he will be paid the lump sum assured along with bonuses (if any) by the Insurance Company.

On maturity, the available Fund Value is paid to the policyholder which can be taken either in lump sum on maturity or in instalments over a period of 5 years post maturity under the Settlement Option.

On maturity, the Fund Value is payable including top - up fund value which can be availed in lump sum or taken in instalments over a period of 5 years through the Settlement Option feature

On maturity, the available Fund Value along with the loyalty additions is paid to the policyholder and he can take the lump sum benefit or use the Settlement option to take it in instalments.

At maturity, the value payable is the Fund Value which can either be taken in lump sum or in instalments post maturity under the feature of Settlement Option.

Maturity benefit: On the maturity of the policy, both guaranteed additions and loyalty additions are paid out along with the lump sum Maturity benefit: On the maturity of the policy, both guaranteed additions and loyalty additions are paid out along with the lump sum maturity of the policy, both guaranteed additions and loyalty additions are paid out along with the lump sum assured.

Through regular insurance, it is the lump sum on maturity; and for pension plans, it is the regular amounts paid monthly to the policyholder.

There are three options to receive the maturity benefits under the plan which can be chosen either as money - back payouts under Options A and B or a lump sum payout under Option C.

On maturity, the Fund Value is payable including accrued loyalty additions which can be availed in lump sum or taken in instalments over a period of 5 years through the Settlement Option feature

If you opt to receive the maturity benefit in instalments over 5 years (and not lump - sum), you get a return enhancer of 0.5 % of every due instalment.

This lump sum is the Maturity Benefit.

The endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its «maturity») or on death.

The death SA can be taken either in lump sum or 100 % of the base SA is payable on death and GMM * Base SApayable on the maturity date and 2 % of the base SA to be paid in monthly instalments from death till maturity date for a minimum of 36 months

For Pension Plans or Retirement Plans, the vesting date is the Maturity date on which the policy holder can take 1/3 of the Maturity value as a cash lump sum and remaining should be used for purchasing Annuities / policyholder can also use 100 % of maturity value for purchasing AnMaturity date on which the policy holder can take 1/3 of the Maturity value as a cash lump sum and remaining should be used for purchasing Annuities / policyholder can also use 100 % of maturity value for purchasing AnMaturity value as a cash lump sum and remaining should be used for purchasing Annuities / policyholder can also use 100 % of maturity value for purchasing Anmaturity value for purchasing Annuities.

Further, the lump sum payment received under life insurance policy on maturity is also exempt on meeting condition prescribed under section 10 (10D) of ITL.

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.

Traditional / Endowment Insurance Product: Traditional Endowment Insurance products are designed to provide lump sum money on the maturity of the policy or on unfortunate event of death of policy holder before the maturity.