Sentences with phrase «lump sum premium deposit»
Not exact matches
This product begins as an annuity with either a lump sum single premium deposit.
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One option is a single premium insurance policy allowing the policyholder to deposit one lump sum, and then receive a specified amount of long - term care coverage if so needed, or to have their beneficiaries receive death benefit proceeds if the long - term care coverage is not used.
Though child insurance plans are varied in nature, what they all have in common is that in case of your unfortunate demise, your ward shall be paid a lump sum payment (death benefit), and the insurer continues to deposit money on your behalf in your ward's account under the» waiver of premium benefit».
It is a single lump sum premium scheme with a minimum deposit of Rs. 66,665 and a maximum limit of Rs. 6,66,665.
Funding the Plan This type of LTC / life plan typically requires a one - time lump sum deposit amount rather than the traditional monthly or systematic premium payments.