Sentences with phrase «nominal premium amount»

In consideration of nominal premium amount, it provides a death benefit in the form of guaranteed Sum Assured to the dependants upon the demise of the policyholder during the policy tenure.

Not exact matches

With the payment of nominal premium (that is deducted from the approved loan amount) the borrower can avail of a credit shield equal to the outstanding loan amount.

The additional amount added to the premium is nominal if you'll try to compare it with the amount of uncovered damage caused by underemployed or unemployed drivers which may cause serious accidents which in turn cause heavy damages on property and multiple injuries to the people involved.

Riders are optional clauses in insurance policies which offer additional financial security by payment of a nominal extra amount over and above the premium to cover disability, death etc..

This is where GAP insurance comes in — for a nominal premium, you are guaranteed that you can finance another vehicle as soon as possible, because the GAP insurance will help cover you repay the full amount owed to the dealer or lienholder of your leased vehicle.

Farmers will have to pay a nominal amount of the insurance premium which will fortify them in the event that they should suffer any losses during any stage of farming activity — from the sowing of crops to the post-harvest season.

Rental reimbursement coverage is available for a nominal extra amount with almost every auto insurance policy, although the option is often bypassed by those who are shopping for the lowest cost premium.

After this interest (a nominal rate) on the premium due is calculated and the policy holder will have to pay this extra amount to restart the policy.

Although some policies may generate nominal amounts of cash value, their primary benefit is the guaranteed nature of the premium and face amount, also known as the death benefit.

Just to remind you one thing that the concept of term plan has come to provide you only death benefit with a huge lump sum amount at the cost of a nominal premium every year.

You pay a nominal premium every year for a certain period of time to buy a life insurance cover, and in case of your unfortunate death during this time, your family is paid the amount promised to you by your insurer.

Nominal additional premium amounts may apply.

Under this plan, you can enhance the protection by opting for riders for a very nominal amount of extra premium.

In case of complete cancellation of the trip, your travel insurance company is liable to reimburse the premium amount paid by you, but can deduct some nominal charges.

Modern age man insures his / her life by paying nominal periodic amounts called premiums.

For Regular / Limited Premium: Fund Value less (125 % of Annualized premium amount + cumulative nominal Top Up amount received in the last 60 calendar months).