Sentences with phrase «maturity of the plan»

On maturity of the plan, the available fund value is payable to the policyholder.

If in case the parent expires before maturity of the plan then the child gets the sum assured that is more than the maturity amount.

Therefore, many insurance companies have come out with term plans that return the entire premium paid at maturity of the plan.

Unlike most insurance products which pay benefits only at the time of maturity of the plan, a money back insurance plan starts giving returns after a few years of investment.

On maturity of these plans a guaranteed lump sum amount is paid out.

However, there are child insurance policies where in policyholders are allowed to make periodic or occasional withdrawals before maturity of the plan.

Annuity plans necessitate the insurer to pay the insured income at regular intervals until his death or till maturity of the plan.

After maturity of the plan, the basic amount along with bonuses is given to the policyholder and the policy ceases to exist thereafter.

1 On survival of the life assured to maturity of the plan which is 5 years after the inception date, a maturity benefit of «300 is payable.

Maturity Benefit — Upon maturity of the plan (if the life insured survives the policy term), the life insured is paid out:

Our MetLife Dhan Samriddhi Plan from the suite of our life insurance products offers multiple choices for investing your savings, along with an insurance cover with the potential to earn loyalty additions on maturity of your plan to maximize the return on your investments.

The real motive behind life insurance would get defeated if you buy a plan without prior knowledge and your decision turn out be regretful, especially at the time of maturity of the plan or death of the policyholder.

In case of Saurabh's untimely demise before maturity of the plan, his family will get «2,30,468 as Sum Assured plus guaranteed additions accrued until that time.

The resultant fund value is then paid on maturity of the plan.

On maturity of the plan, the applicable fund value is payable

On maturity of the plan, the Guaranteed Maturity Benefit including the Guaranteed Additions, vested bonuses, terminal bonus, if any, is paid to the policyholder

The premiums get a tax benefit under Section 80C but in case of death, or the maturity of the plan, the value is tax - free.

There is an option of adding the Income Benefit Rider wherein, in case of death of the insured, 10 % of the rider Sum Assured will be paid to the beneficiary every year post death till the maturity of the plan in addition to the death benefit payable as above.

On maturity of the plan, the Fund Value is paid to the policyholder which he can choose to take at once or in 5 instalments over a course of 5 years after maturity through Settlement Option

On maturity of the plan, 100 % of the premiums paid are returned along with accrued bonuses and any Terminal Bonus

All of that could be afforded by buying a child investment plan as the sum obtained on the maturity of the plan would help lessen this financial burden to quite an extent.

Loyalty Additions are added at the maturity of the plan @ 2 % or 3 % of the average fund value depending on the plan tenure chosen

This bonus can also be availed at the time of policy surrender or on the maturity of the plan if all the premiums are duly paid.

A unit linked child insurance plan which provides market related returns while at the same time taking care of the child's future.Guaranteed Loyalty Additions are added to the fund @ 3 % of the average fund value in the preceding three years.The fund value is paid on maturity of the plan and in case of death of the insured during the tenure of the plan; the Sum Assured is paid immediately.

As the name suggests, this whole life endowment plan continues to provide coverage till the death of the insured even after the maturity of the plan.

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.

The bonus amount gets accumulated and is payable on the maturity of the plan or in case of death of the policyholder.

Terminal Bonus: The Company may declare a discretionary terminal bonus which is payable on death or maturity of the plan.

Most term insurance policies come with an option of conversion where you can convert your term life insurance plan to a permanent one or an endowment plan (to get a lump sum amount on maturity of plan).

Usually, at the maturity of the plan, the Sum Assured reduces to zero.

On maturity of the plan, the Maturity Sum Assured (MSA) along with loyalty addition would be payable.

Terminal Bonus: The Company may declare a terminal bonus which may be payable on death or on maturity of the plan.

The claim form is sent to you by the insurance provider with the policy documents or sent to you when you inform them of the death or a few weeks before the maturity of the plan.

Having such a plan helps both, in financially safeguarding the family in the event of the policyholder's untimely demise before maturity of the plan, as also providing a lump sum amount on maturity of the plan if the policyholder survives.

The investment grows in value and is returned to the policyholder if he chooses to withdraw or lives till the maturity of the plan.

Guaranteed Life Insurance plans which are also called traditional insurance plans are those plans which promise a guaranteed benefit payout either on death or maturity of the plan.

At the maturity of the plan, the investor can avail of the money.

LIC Market Plus investors will receive an annuity based on the prevailing annuity rates on maturity of their plan

Two, a maturity benefit equal to 40 % of the sum assured plus any reversionary and final bonus is guaranteed on maturity of the plan.

* This means that if you survive till the maturity of the plan, you'd get a maturity benefit of approximately Rs. 2 lakhs and if you unfortunately pass away before the maturity term, your nominees would get the Sum Assured of 3 lakhs.

The Policyholder does not have to wait till the maturity of the plan to start enjoying the profits accrued by his investment.

The plan continues to provide coverage in case of the sudden death of the insured and even after the maturity of the plan.

But, let me tell you one thing that term plans are pure death benefit plans with no returns of cash value on the maturity of the plan.

Money Back Option: Offers guaranteed pay - outs in the last 5 years before the maturity of the plan.

Rural Solutions - policies that seek to address the increased health risks in rural areas with an added endowment product that provides life coverage and returns on the maturity of the plan.

Endowment plan — This plan differs from term plan only in one aspect, the endowment plan makes a pay out in case of death of policy holder as well as in case of the maturity of the plan term.