Sentences with phrase «lumpsum amount immediately»
His wife (or the nominee) can opt to take the entire proceeds of the Policy, i.e. Rs. 1 crore as lumpsum amount immediately after Mr. Sharma's death.
https://www.maxlifeinsurance.com/ Not exact matches
My personal experience proved that lumpsum investing is better than STP for 6 to 12 months as I invested in 5 hybrid equity balanced funds for an amount of 12 lakhs on 1st January 2016 when markets were all time high, but, immediately after I invested, markets started to fall with some corrections for few months and my portfolio was down by 1.5 lakhs versus my investment at some point but now my portfolio is up by 1.2 lakhs where there is an appreciation of 14 % till date, some people even suggested me to go for STP over 6 to 12 months to average out but I believed in this lumpsum investing than STP as I did not need this anount for upto 5 years.
On death of the parent, a lumpsum amount will be paid immediately.
Edelweiss Tokio Life - Wealth Plus also offers an additional option - the Rising Star benefit wherein a lumpsum amount will immediately be paid to the family in the event of demise.
In some cases, the lumpsum amount is paid and in others the family receives the partial amount immediately and the remaining amount is paid on monthly basis for a specific period.
His wife (or the nominee) can opt to take half the amount as lumpsum immediately and the remaining 50 % as monthly income (starting from next Policy Anniversary after the date of death) increasing at 8.50 % p.a. (simple rate) every year starting from the policy anniversary following the date of death.