Sentences with phrase «manage lump sum amount»

Monthly income will also be a good choice if you feel your family may not be able to manage lump sum amount properly.

Additionally, if you feel your family can easily manage lump sum amount, you should go for lump sum option.

If you are confident that your spouse (or family) will be able to manage the lump sum amount to generate regular income, then there is no need to purchase another insurance plan.

Not exact matches

Dear Harmohan, You may consider «Monthly income option» if you believe that your nominee can not manage «lump sum claim amount» (if any).

With moderate amounts of active fund tracking risk (2.5 % / year), for the initial lump sum investment scenario, there was only about a 2 % chance that an average cost active fund would result in a slightly higher terminal value after thirty years versus the low cost passively managed fund.

This ensures the family members of the insured get a regular income without having to manage the large lump sum amount.

There may be a loss of income because of the illness, so the lump sum amount paid by the insurer can be used for numerous purposes by the insured, such as: primarily to get the treatment for the illness, for recuperation purposes like buying recuperation utilities, to pay off any loans or debts, to manage household expenses, etc..

Critical Illness Health plans from Bharti AXA helps you cover hospitalization expenses plus provide a lump sum amount to manage their daily living expenses.