Sentences with phrase «lump sum payout at»

Bharti AXA Life Super Series is a non par, Money back plan that provides a lump sum payout on completion of the premium payment term along with increasing guaranteed payouts until maturity and a lump sum payout at Maturity.

LIC's Single Premium Endowment Plan is a non-linked, participating savings cum protection plan that provides a lump sum payout at the maturity of the policy term.

A plan that offers a lump sum at the end of the premium payment term followed by increasing guaranteed payouts until maturity and a lump sum payout at maturity.

When you opt for a combination of payout under the income replacement term insurance plan, the nominee receives a part of a sum assured as a lump sum payout at the time of claim, and the rest of the money is paid in monthly installments.

«Cash Assure ensures lump sum payout at specified intervals during the policy term considering the need for money at different stages of life.

One can either go for a money back option which offers guaranteed payouts every year after a few years or a lump sum payout at the end of maturity of the insurance.

A good retirement option is one that provides a lump sum payout at the retirement age or just before, to meet the relocation expenses from the place where the person is working to his hometown, and regular payments thereafter that serve as monthly earnings for the individual.

This saving cum protection plan provides lump sum payouts at regular intervals to meet your interim financial requirements and provide the best to your family.

This plan provides lump sum payouts at regular intervals, so you can easily meet your short term fina... Read more

This plan provides lump sum payouts at regular intervals, so you can easily meet your short term financial needs.

Not exact matches

Instead of taking the Death Benefit of a life insurance policy all at once as a lump sum, it's also possible to receive the policy's payout in regular installments.

Pension plan members in the private sector need to at least consider the risk of their company being able to fund their pension payments for life if they have the opportunity to commute their pension and otherwise take a lump - sum payout upon leaving the plan.

Those at the top of the grid get a lump sum payout.

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

In most cases, the beneficiary of the life insurance plan is going to receive the payout in a lump - sum, which means that they are going to get all of that money at one time.

And, here are four reasons why it's important to consider (at the very least) having a critical illness insurance plan that provides a lump - sum cash payout for a policyholder to use however they choose:

And, here are four reasons why it's important to consider (at the very least) having a critical illness insurance plan that provides a lump - sum cash payout for a policyholder to use however they choose: Read More

These plans are essentially of two types, Unit Linked Insurance Plans or ULIPs that provides returns based on market performance, and traditional endowment plans that offer a lump sum or annuity payout at the end of the policy term when the life insurance policy matures.

The policyholder receives a lump sum amount of six times the annual premium at the end of the payout period.

Instead of taking the Death Benefit of a life insurance policy all at once as a lump sum, it's also possible to receive the policy's payout in regular installments.

Extra Life Income Option: An extension to the income option, benefits include lump - sum payout in case of death due to accident & regular monthly income (level or increasing) chosen at the time of inception.

Your nominee also has an option to take the Death Benefit as a lump sum benefit which is equal to outstanding monthly payouts discounted at 6.25 % per annum compounded yearly.

However, if the nominee prefers to have a lump - sum benefit instead of a staggered benefit, the remaining payouts are discounted at the rate 5.25 % per annum and will be paid as lump - sum immediately.

Another endorsement — the Income Protection Option (IPO)-- will allow the policy owner to choose a specific form of payout for the policy's death benefit, including either a lump sum at various times or monthly payments to the beneficiary, at the time of policy issue.

Which means, in the unforeseen circumstance of parent's death, the child is not obligated to pay future premiums, gets the lump sum assured, and another payout at the time of maturity of the plan.

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.

In case of a lump sum payout, the death sum assured is paid at once and the policy terminates.

Settlement Options at Maturity to either receive the payout in lump sum or in the form of periodical payments

Interest Payout Frequency — FDAs usually pay out interests at specific intervals, whether it be annually, quarterly or in a lump sum at the end of the maturity period.

This limited pay plan provides lump - sum cash payouts at periodic intervals throughout the policy term to meet interim financial requirements.

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.

The policyholder will receive a lump sum bonus at maturity, and regular guaranteed payout for 15 years after the maturity.

The policyholder can claim for a maximum of two contingent events and the total payout will be limited to 100 % of the Lump - sum Rider Sum Assured chosen at inception.

When you opt for a lump sum benefit payout option, the nominee / beneficiary receives full payment of the sum assured at once.

In a lump sum term insurance plan, the nominee receives the sum assured as a lump sum amount, that is, the total payout of sum assured at once and the policy terminates.

They provide reasonable coverage while investing your money and offer a guaranteed lump sum payout, called an endowment, at the end of the policy term.

If you want to receive the outstanding maturity benefit as a lump sum at any time during the payout period, the discounted value @ 9 % per annum discount rate is payable.

On completion of the policy term, a lump sum benefit of 104 % to 110 % of the basic sum assured is payable and this payout depends on age at entry.

These payouts could serve as a second income and also help in paying his child's school expenses.The lump sum amount that he will receive at the end of the 20th year could be used for his daughter's higher education expenses.In case of the unfortunate event of his death before the maturity of the policy, his family will get higher of 100 % of Sum Assured or 105 % of the Premiums paid or 11 times the Annualised Base Premium.

There are few term plans which offer the flexibility to the nominees to take the death claim as lump sum at a discounted rate even if in the plan benefit is opted as staggered payout.

The lump sum shall be calculated as a Net Present Value of future payouts at a guaranteed rate of 5 % p.a)

Offers life insurance cover, lump sum benefit at maturity, regular guaranteed payouts for 15 years after maturity

One can choose for the money back option which offers guaranteed payouts every year and after a few years, a lump sum amount is paid out at the end of the maturity of the policy.

A divorcing couple may also decide that one spouse will buy out the other over time, with an agreement that gradual payouts or a lump sum payment will be made at specific intervals.