Sentences with phrase «monthly policy anniversary»

Monthly income benefit on death will start from the next monthly policy anniversary upto the end of the policy term or for a tenure of 60 months, whichever is later.

The monthly income for disability benefit will start from the next monthly policy anniversary upto the maturity of the policy or for a period of 60 months, whichever is later.

The decrease in sum assured can be done at any monthly policy anniversary, subject to the minimum allowed under the policy.

After 1 policy year, the insured is has the option to reduce his sum assured amount at any monthly policy anniversary, subject to the minimum sum assured amount allowed under the plan options.

Loyalty Addition is expressed as a percentage of the average Fund Values of the last 12 monthly Policy anniversaries.

1.25 % of the average fund value of the last 36 monthly policy anniversaries is payable for both 1st & 2nd Loyalty Addition.

Wealth Booster is expressed as a percentage of the average Fund Value of the last 60 monthly Policy anniversaries.

1.25 % of the average fund value of the last 36 monthly policy anniversaries is payable for both 1st & 2nd Loyalty Addition at the end of the 10th / 15th policy year, respectively.

Not exact matches

I called to find out what the cost of insurance would be for the following year, since I just had my policy anniversary date, so that I could increase my monthly premium to reflect that..

Monthly Anniversary Adjustable life, indexed life, universal and variable universal life insurance policies account for expenses and credits on a monthlyMonthly Anniversary Adjustable life, indexed life, universal and variable universal life insurance policies account for expenses and credits on a monthlymonthly basis.

If the base insured becomes disabled between the ages 60 and 65, this coverage will waive monthly deductions to the later of the third policy anniversary after total disability, and the anniversary when the insured is age 65.

The Overloan Lapse Protection Rider (OLPR) will prevent your policy from lapsing when, on any monthly anniversary, the outstanding indebtedness on the policy exceeds the policy's specified amount and is approaching the policy value.

This is a charge expressed as a percentage of Annualised Premium and is levied at each monthly anniversary by canceling proportionate Units starting from the date of commencement of Policy.

The Policy Administration Charges given above are deducted from the unit account on monthly basis at the beginning of each monthly anniversary (including the policy commencement date) of a policy by cancellation of Policy Administration Charges given above are deducted from the unit account on monthly basis at the beginning of each monthly anniversary (including the policy commencement date) of a policy by cancellation of policy commencement date) of a policy by cancellation of policy by cancellation of units.

The monthly income will be payable each month on the anniversary date, starting from the first Policy Anniversary post the date of death of the Lianniversary date, starting from the first Policy Anniversary post the date of death of the LiAnniversary post the date of death of the Life Insured.

The Mortality Charges are determined using 1 / 12th of the Annual Mortality Charge and are deducted from the unit account monthly at the beginning of each monthly anniversary (including the policy commencement date) of a policy by cancellation of units.

Immediately thereafter and on each subsequent monthly anniversary, the Fund Value of [1 / (13 - month number in the Policy Year)-RSB- Units available at the beginning of the month shall be switched to Growth Super Fund automatically by canceling Units in the Secure Plus Fund and purchasing Units in the Growth Super Fund.

Regular increasing monthly income is paid from the policy anniversary following the completion of the premium paying term

The Monthly Benefit increases by 5 % p.a. compounding annually on each policy anniversary.

Option 2: Receive 50 % of the Guaranteed Death Benefit as a lump sum and 0.42 % of Guaranteed Death Benefit as monthly income for the next 10 years increasing at 8.50 % p.a. (simple rate) every year starting from the policy anniversary following the date of death of the life insured

Instead of taking the entire amount as lump sum, she plans to opt for the Settlement Option 2 where she will get Rs. 50 Lacs as lump sum immediately after death and the remaining Rs. 50 Lacs as monthly income (starting from next Policy Anniversary) increasing at 8.50 % p.a. (simple rate) every year starting from the policy anniversary following the date of Policy Anniversary) increasing at 8.50 % p.a. (simple rate) every year starting from the policy anniversary following the datAnniversary) increasing at 8.50 % p.a. (simple rate) every year starting from the policy anniversary following the date of policy anniversary following the datanniversary following the date of death.

Policy Administration Charge: A Policy Administration Charge of 0.25 % per month of the original annual premium will be deducted monthly and will increase by 5 % per annum on every policy anniversary, subject to a maximum charge of 0.4 % of the annual premium or Rs 500, per month, whichever is Policy Administration Charge: A Policy Administration Charge of 0.25 % per month of the original annual premium will be deducted monthly and will increase by 5 % per annum on every policy anniversary, subject to a maximum charge of 0.4 % of the annual premium or Rs 500, per month, whichever is Policy Administration Charge of 0.25 % per month of the original annual premium will be deducted monthly and will increase by 5 % per annum on every policy anniversary, subject to a maximum charge of 0.4 % of the annual premium or Rs 500, per month, whichever is policy anniversary, subject to a maximum charge of 0.4 % of the annual premium or Rs 500, per month, whichever is lower.

Policy Administration Charge: The Policy administration charge is Rs 100 per month levied at the beginning of every policy monthly anniversary and it is deducted by cancelling appropriate Policy Administration Charge: The Policy administration charge is Rs 100 per month levied at the beginning of every policy monthly anniversary and it is deducted by cancelling appropriate Policy administration charge is Rs 100 per month levied at the beginning of every policy monthly anniversary and it is deducted by cancelling appropriate policy monthly anniversary and it is deducted by cancelling appropriate units.

His wife (or the nominee) can opt to take half the amount as lumpsum immediately and the remaining 50 % as monthly income (starting from next Policy Anniversary after the date of death) increasing at 8.50 % p.a. (simple rate) every year starting from the policy anniversary following the date of Policy Anniversary after the date of death) increasing at 8.50 % p.a. (simple rate) every year starting from the policy anniversary following the datAnniversary after the date of death) increasing at 8.50 % p.a. (simple rate) every year starting from the policy anniversary following the date of policy anniversary following the datanniversary following the date of death.

Monthly Income Payout starts from the next Policy Anniversary till the end of the Premium Paying Term for Regular Benefit

This charge is deducted at the beginning of every policy monthly anniversary by cancelling appropriate units.

Policy Administration Charge: The Policy administration charge is Rs 60 per month and it is deducted at the beginning of every policy monthly anniversary by cancelling appropriate Policy Administration Charge: The Policy administration charge is Rs 60 per month and it is deducted at the beginning of every policy monthly anniversary by cancelling appropriate Policy administration charge is Rs 60 per month and it is deducted at the beginning of every policy monthly anniversary by cancelling appropriate policy monthly anniversary by cancelling appropriate units.

Sum Assured on Death will be paid in equal monthly installments starting immediately from the next monthly anniversary following the date of death and will be payable for 72 months (for policy term 12 years), 96 months (for policy term 16 years) or 144 months (for a policy term of 24 years).

Immediately thereafter and on each subsequent monthly anniversary, Fund Value of [1 / (13 - month number in the policy year)-RSB- of the Units available at the beginning of the month shall be switched to «Growth Super Fund» automatically by canceling Units in the Secure Plus Fund, and purchasing Units in the Growth Super Fund.