Sentences with phrase «mode of premium payment»

For monthly modes of premium payment the grace period allowed is 15 days.

In half - yearly mode of premium payment, the policyholder needs to pay one half of the yearly premium.

The amount of premium is less if you choose an annual mode of premium payment.

A grace period for payment of premium of 15 days applies for monthly premium payment mode and 30 days for other modes of premium payment.

This period is 30 days in case of yearly, half - yearly and quarterly modes of premium payment, and 15 days in case of monthly payment mode.

The insurance holder can pay a regular 6 monthly premium under the monthly mode of premium payment.

The grace period is set at 30 days in cases of quarterly, half - yearly and yearly modes of premium payments.

This period is equal to 30 days for policies where an annual, half - yearly or quarterly mode of premium payment is selected.

Rebates are allowed in the premium rates for higher levels of Sum Assured options and also for choosing annual and semi-annual mode of premium payment.

Policyholders can choose to alternate between the two modes of premium payment at any policy anniversary and on payment of an alteration charge of Rs. 100.

Most of the life insurance plan offers four mode of premium payment i.e. on monthly, quarterly, Half - yearly or yearly basis.

The Canara HSBC Oriental Bank of Commerce Life insurance company Ltd. offers 2 modes of premium payment namely:

Periodicity or mode of premium payment depends on the type of policy chosen and also on the payment options that the policy offers.

Grace Period: 15 days grace period is allowed for monthly mode and 30 days for other modes of premium payment after which policy lapses

That would include the flexibility to choose the policy term, premium amount and mode of premium payment as well as the options to avail the benefits of partial withdrawals and other valuable riders and benefits.

However, a grace period of one month but not less than 30 days will be allowed for yearly, half - yearly, quarterly modes and 15 days for monthly mode of premium payment.

The rate of rebate for annual and semi-annual mode of premium payment is 3 % and 1.5 % respectively.

Grace Period: If the insured fails to pay his insurance premium by the due date, then a grace period of 15 days is allowed for monthly premium payment mode and a grace period of 30 days is allowed for annual mode of premium payment.

Discounts in premiums are given for choosing the yearly and half - yearly mode of premium payment @ 3 % and 5 % respectively

When opted for other mode of premium payment, the premium allocation charge is 5 % / 4 % / 3.5 % / 3 % / 2 % for 1st policy year / 2nd policy year / 3rd to 5th policy year / 6th & 7th policy year / 8th policy year onwards, respectively.

Minimum variable premium for Future Generali Pramukh Nivesh ULIP is not available and minimum variable premium for Canara HSBC Smart Future Income Plan is Depends on age of the insured, sum assured and the mode of premium payment..

Minimum variable premium for Metlife Traditional Employee Benefits Plan is not available and minimum variable premium for Canara HSBC Smart Future Income Plan is Depends on age of the insured, sum assured and the mode of premium payment..

Additionally, the policy owner has the right to change the mode of premium payment, i.e. annual, semi-annual, quarterly or monthly bank draft as well as the payout method, i.s. lump sum, lifetime annuity or period certain annuity.

Reliance Life Insurance offers basic 4 modes of premium payment for Reliance retirement plan.

Where the mode of premium payment is monthly, the outstanding premium instalments for the remainder of the policy year of death are deducted from the Death Benefit.

The Life Insurance Corporation of India Ltd. offers 6 modes of premium payment for LIC child plans namely:

You are allowed to choose any mode of premium payment - monthly, quarterly or yearly installments

By choosing a semi-annual mode of premium payment, the policyholder will have to pay an additional amount of premium which is an extra of 2 % of the tabular premium for annual mode of premium payment.

Discount is allowed in premium for choosing annual or semi-annual mode of premium payment @ 3 % and 1.5 % respectively.

The Max Life Insurance company Ltd. offers 6 modes of premium payment for Max Life term plans, namely:

The modes of premium payment available, both regular & single premium payment options, will increase our penetration, he said.

Offers 3 % rebate for yearly and half - yearly modes of premium payments and 1.5 % respectively for tabular premium

Choose your premium paying term i.e. single period, limited or regular and mode of premium payment.

The monthly premium is expressed as 8.9 % of the annual premium and if the policyholder chooses the monthly mode of premium payment, 3 months» premiums have to be paid in advance.

Single premium - Under this mode of premium payment, the premium is paid only one time.

Flexibility to make changes We allow you to make change in the mode of premium payment under the policy which shall be applicable from the next policy anniversary.

This plan offers a grace period of 30 days from the premium payment due date in case of any modes of premium payment.

The companies may offer more benefits depending on the plan or mode of premium payment or the type of cover opted.

Rebates in premiums for choosing yearly and half - yearly mode of premium payment @ 2 % and 1 % respectively.

However, quarterly and monthly mode of premium payment is not available under the Systematic Switching Strategy.

The annual premium excludes any loading included by the company due to the mode of premium payment or any service tax charged on the premium.

The policy allows policyholders to change the mode of premium payment at any time during the policy term by submitting a written request for the same.

Monthly mode of premium payment is only available under ECS / SI mode.

When the policyholder chooses to pay premium at regular intervals for a defined period as per the insurance policy, to keep the policy in force and avail its benefits, the mode of premium payment is called Regular Premium Payment Mode.

Rebate for mode of premium payment is same as mentioned under the base plan and there is no high sum assured under this rider.

Monthly mode of premium payment is available only under ECS / SI mode.

In case the mode of premium payments is monthly then only 15 days is allowed for the grace period.

When the policyholder has to pay premium only once, during the term of the life insurance policy, the mode of premium payment chosen is called as Single Premium Payment Mode.