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