Sentences with phrase «modes of premium»

One of four modes of premium you can select to pay your insurance policy — Annual, Semi-Annual, Quarterly or Monthly.

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

For monthly modes of premium, ECS facility would have to be enabled and the first 3 months» premiums should be paid when buying the plan.

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

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

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.

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

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

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..

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..

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.

The policyholder can choose any mode of premium payment from regular, limited or single pay options offer by Kotak Life Insurance

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.

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

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.

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

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

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

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

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.

Regular premium - Under this mode of premium payment, you necessitate to pay the premium on a regular basis, viz..

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.

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.

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

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

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.

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 only available under ECS / SI mode.

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.

His premium comes out to be Rs. 50,000 (without taxes, levies and loading extra) with the annual mode of premium payment.

This is an Endowment Assurance plan where the proposer has simply to choose the amount and mode of premium payment.

For example, if sum assured is 1 lakh and the total number of premiums is payable is 20 (20 years policy, mode of premium is assumed yearly) and default occurs after 10 yearly premiums are paid, the policy acquires the paid up value of 50,000 / -.

(Note: The non - guaranteed assumed rates of returns chosen in the above example are 4 % and 8 % and the mode of premium payment is Annual.The Cash Value, Death Benefit, Maturity Benefit will change (reduce) if the customer withdraws money from the policy (by surrender of Cash Value of PUA) in between the policy term).

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.

(@ 4 %): Rajiv gives = Rs. 6.34 Lacs; Rita gets = Rs. 28.4 Lacs -LCB- Rs. 10.8 Lacs (Guaranteed Money - back) + Rs. 9.6 Lacs (Guaranteed Maturity Sum Assured) + Rs. 8 Lacs (Non Guaranteed Bonuses)-RCB-(@ 8 %): Rajiv gives = Rs. 6.34 Lacs; Rita gets = Rs. 80.3 Lacs -LCB- Rs. 10.8 Lacs (Guaranteed Money - back) + Rs. 9.6 Lacs (Guaranteed Maturity Sum Assured) + Rs. 59.9 Lacs (Non Guaranteed Bonuses)-RCB-(Note: The non-guaranteed assumed rates of return chosen in the above example are 4 % and 8 % and the mode of premium payment is Annual).

(@ 4 %) Rajiv gives = Rs. 12.7 Lacs; Rajiv gets = Rs. 28.4 Lacs -LCB- Rs. 10.8 Lacs (Guaranteed Money - back) + Rs. 9.6 Lacs (Guaranteed Maturity Sum Assured) + Rs. 8 Lacs (Non Guaranteed Bonuses)-RCB-(@ 8 %) Rajiv gives = Rs. 12.7 Lacs; Rajiv gets = Rs. 80.3 Lacs -LCB- Rs. 10.8 Lacs (Guaranteed Money - back) + Rs. 9.6 Lacs (Guaranteed Maturity Sum Assured) + Rs. 59.9 Lacs (Non Guaranteed Bonuses)-RCB- * The non-guaranteed assumed rates of return chosen in the above example are 4 % and 8 % and the mode of premium payment is Annual.

Variable minimum premium for plan 2: Depends on age of the insured, sum assured and the mode of premium payment..

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

While most of the people choose their mode of premium payment according to their comfort but only few of them know that the chosen mode of premium payment has impact on the premium amount.

While buying a life insurance policy, you get an option to choose your mode of premium payment.

Typically, a grace period of 15 days is allowed for monthly mode of premium and 30 days for quarterly, half - yearly and yearly premium payment.

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.

Minimum variable premium for Kotak eAssured Savings Plan is No Limit 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 DHFL Pramerica Sahaj Suraksha 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..