Sentences with phrase «of vested simple reversionary bonuses»

In addition, the surrender value of any vested Simple Reversionary Bonuses, if any, shall also be payable, which is equal to accrued bonuses multiplied by the surrender value factor applicable to accrued bonuses.

Guaranteed Smart Benefits are paid for 4 years @ 25 % of the Basic Sum Assured and 25 % of the vested Simple Reversionary Bonuses after the child attains 18 years and till he reaches 21 years

Not exact matches

Maturity Benefit — In case the policy holder survives the entire tenure of the policy then he / she will be liable to avail maturity benefit as final instalment of survival benefit along with terminal bonus plus vested simple reversionary bonus.

Death Benefit - In case of uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus if any.

These bonuses can be of different types like Simple Reversionary bonus, Loyalty addition, Final Additional bonus etc., So, traditional plans have two components i.e. i) Life cover & ii) Investment Component.

Under this LIC child plan, in case of death post the deferment period, the Sum Assured on death which is higher of 125 % of the chosen Sum Assured or 10 times the annual premium, vested simple reversionary bonuses and a Final Additional Bonus, if any, is paid subject to a minimum of 105 % of all premiums paid till the date of death

Under this LIC child plan, in case of death post the deferment period, the Sum Assured on death which is higher of the chosen Sum Assured or 10 times the annual premium, vested simple reversionary bonuses and a Final Additional Bonus, if any, is paid, subject to a minimum of 105 % of all premiums paid till the date of death

In case of plan maturity, the Sum Assured on maturity and the vested simple reversionary bonuses with any Terminal Bonus is payable

In case of survival till the policy end, one will get Basic Sum Assured + vested Simple Reversionary Bonuses + Final Additional Bonus, if any as maturity benefit.

Beneficiary gets Death Sum Assured plus vested simple reversionary bonus as on date of death, along with Interim bonus, if any

Beneficiary gets Death Sum Assured plus Vested Simple Reversionary Bonus as on the date of death after deducting Reversionary Bonus already paid as a part of Income Benefit, along with interim bonus and terminal bonus, ifBonus as on the date of death after deducting Reversionary Bonus already paid as a part of Income Benefit, along with interim bonus and terminal bonus, ifBonus already paid as a part of Income Benefit, along with interim bonus and terminal bonus, ifbonus and terminal bonus, ifbonus, if any.

Vesting Benefit at the end of the 20th year will be Sum Assured + Vested Simple Reversionary Bonus + Terminal Bonus, if any.

Base Sum Assured along with the vested Simple Reversionary Bonuses shall be used to provide an annual income benefit at the end of every subsequent policy year after the premium payment term, i.e. (Base Sum Assured + vested Simple Reversionary Bonus) x Income Benefit Factor

Beneficiary gets Death Sum Assured plus Vested Simple Reversionary Bonus as on the date of death

In case of sudden death during the policy premium paying term, his / her family or nominee will get «Sum assured on Death» + vested Simple Reversionary Bonuses + Final Additional Bonus, if any as Death benefits.

Get Guaranteed Sum Assured plus vested simple reversionary bonus till the end of premium payment term 10 equal installments starting from the 11th policy year till maturity of your policy.

On death, the nominee gets higher of the SA on death and vested Simple Reversionary Bonuses if any subject to a minimum of 105 % of all premiums paid till death

Provided all due premiums have been paid, the company will declare a Simple Reversionary Bonus, which is expressed as a percentage of the Sum Assured.

The maximum maturity age as per the plan is 75 years If the policyholder survives till the maturity of the policy, then he would be entitled to the basic Sum Assured in addition to simple reversionary bonuses and Final Additional bonus (if any).

On Maturity, 40 % of the base Sum Assured + vested simple reversionary bonuses + Final Additional Bonus, if any, are paid.

Basic Sum Assured + (Vested Simple Reversionary Bonuses + Terminal bonus (if any)-RRB- is paid after the completion of the endowment term, provided SBI Shubh Nivesh policy is still in force

On maturity, the Sum Assured on maturity along with the Guaranteed Terminal Additions and vested simple reversionary bonuses is paid subject to a minimum of 101 % of all premiums paid

On death after the risk cover has begun, the Sum Assured (SA) on death + vested simple reversionary bonuses + Final Additional Bonus, if any, is payable subject to a minimum of 105 % of all premiums paid till death.

Bonuses (Simple Reversionary Bonus and Terminal Bonus) are added to the policy at the end of every financial year provided all premiums have been paid.

Basic Sum Assured + (Vested Simple Reversionary Bonuses + Terminal bonus (if any)-RRB- is paid after completion of the endowment term, provided SBI Shubh Nivesh policy is still in force

If the policyholder has paid all the premiums that is the full amount and survives till the end term of the policy than the Maturity Benefit will be included in the Sum quoted on the maturity plus the vested Simple reversionary benefits and the Final Additional Bonus if any is there will be added.

After the policy matures, maturity amount which includes 40 % of sum assured + Accrued Bonuses (vested Simple Reversionary Bonuses) + Final Additional Bonus (FAB — if any) will be paid.

God forbid, in the unfortunate event of your demise during the policy coverage period, your nominee would be paid ten times the annualized premium or 125 % of the Basic Sum Assured along with simple vested reversionary bonuses and additional final bonus.

With the insured surviving to the end of the policy term, he would be paid 40 % of the Basic Sum Assured besides being paid simple reversionary bonuses and additional final bonus.

But if unfortunate death happens after commencement of risk, then nominee will get Sum Assured on death + Vested Simple Reversionary bonuses and Final Additional Bonus (if any).

Maturity Benefit: The Basic Sum Assured, along with the vested simple reversionary bonuses and Final Additional bonus, if any, shall be payable in lump sum on Survival to the end of the policy term provided all due premiums have been paid.

As a survival benefit at the end of policy term the policyholder receives guaranteed sum assured, vested simple reversionary benefit, terminal bonus (if any).

On death after the commencement of risk a definite sum of Sum Assured on Death and vested Simple reversionary bonuses along with final additional bonus are given.

In case the insured dies post deferment period, the sum assured that is the higher of chosen sum assured or 10 times the annual premium, vested simple reversionary bonuses and final addition bonus, if any shall be paid, subject to a minimum of 105 % of all premiums paid till the date of death

In the event of death of the life insured before the date of maturity, but after the date of commencement of risk, Sum Assured on Death plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable to the nominee.

In the event of demise of Mr. Raman during any policy year, Rs 2 Lacs plus vested Simple Reversionary Bonuses and Final Additional bonus is payable as the death benefit to the nominee.

On survival of the life insured till maturity of the policy, 40 % of the basic sum assured plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable.

Scenario B: Raman dies during the Term of the Policy In the event of demise of Mr. Raman during the 8th policy term, Rs 1,00,000 plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable to the nominee.

Death Benefit: In case of death of the insured before the completion of the tenure of the insurance plan, the nominee would get Sum Assured on Death + Vested simple reversionary Bonuses + Final Additional Bonus (if any).

In the event of death of the policy holder during the policy term, the policy holder gets the sum of Sum Assured, vested Simple Reversionary Bonus and Final Additional Bonus, if any.

If the life insured survives till the end of the policy term, Sum Assured on Maturity + Vested simple reversionary bonus + Final Additional Bonus (if any) is payable to the policy hobonus + Final Additional Bonus (if any) is payable to the policy hoBonus (if any) is payable to the policy holder.

a) Death Benefit: In case of death of insured before the completion of tenure of the insurance plan, nominee would get Sum Assured on Death + Vested simple reversionary Bonuses + Final Additional Bonus (if any).

The remaining 40 % of Sum Assured along with accrued simple Reversionary Bonus + Terminal Bonus would be paid as Maturity Benefit on survival till the end of the Policy Tenure.

If Mr. Raman survives till the end of the policy term, Rs 50,000 plus vested Simple Reversionary Bonuses and Final Additional Bonus is payable.

The non-guaranteed vested simple Reversionary Bonus along with Terminal Bonus (if any), shall be payable as lump sum immediately on Death of Life Insured.

On survival of the life assured till the end of the policy term, Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus is payable.

In the event of death of the life insured before the date of maturity, the Death Benefit payable is Sum Assured on Death plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable to the nominee, provided the policy is in - force.

On death during the term of the policy and on or after the date of commencement of risk, Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus is payable.

Simple Reversionary Bonus vested annually from the end of the 1st policy year and is payable on survival during benefit payout term or death of the life insured / maturity of the policy, as applicable under Pure Income Benefit & Income with Maturity Benefit Option respectively.

Scenario A: On survival of Mr. Raj In case of survival of the life insured till the vesting date, an amount equal to the Basic Sum Assured along with accrued Guaranteed Additions, vested Simple Reversionary bonuses and Final Additional bonus is payable.