Sentences with phrase «on policy anniversary»

Yes, a change in premium payment mode is allowed on the policy anniversary for active policies.

Survival: 20 % of sum assured will be paid on each policy anniversary after completion of 18,20 & 22 years of child's age.

The product offers an inbuilt - indexation benefit; where in the Sum Insured under the product increases by 10 % (simple rate) on each policy anniversary till the time no claim has been admitted in the past; up to a maximum of 150 % of the Basic Sum Insured at the start of the Policy.

Even though the Critical Illness cover increases on every policy anniversary the premiums remains constant

Typically, such changes are incorporated on the policy anniversary date.

The policy administration charges are increased by 5 % p.a. on every policy anniversary.

Guaranteed Maturity Sum Assured + Accrued Paid - Up Additions (if any) + Terminal Bonus (if any) is payable to the policyholder as Maturity proceeds on the policy anniversary immediately following or coinciding with Life Insured attaining age of 75 years.

Family Income Benefit (FIB) is paid on each policy anniversary till the completion of the policy term, but not exceeding 10 such installments.

It increases @ 5 % on every policy anniversary, with a cap of Rs 500 per month.

With most insurers, you can add a rider on the policy anniversary date up to a sum assured that is less than your base policy.

Policy Administration Charge: Policy administration charge is Rs 30 per month, increases by 5 % p.a compounding annually on every policy anniversary.

Compound Reversionary Bonus is declared by the company annually and credited on the policy anniversary.

It is 0.07 % of Single Premium per month increasing @ 5 % per annum on each Policy Anniversary from 6th policy year onwards.

For Limited / Regular Pay, the policy administration charge is 0.39 % per month of the annualized premium increasing @ 5 % per annum on each Policy Anniversary from 6th policy year onwards.

Compound Reversionary Bonus (CRB) is accrued every year from the first policy anniversary and it is declared annually by the company and credited on the policy anniversary.

Policy Administration Charge: Policy administration charge is 50 per month, increasing @ 5 % per annum on each policy anniversary.

Switching of existing Fund Value shall happen on the policy anniversary and Allocation of premium received amongst the Funds shall happen on the date of receipt of such premium or premium due date, whichever is later, in the proportion mentioned in the table below.

It will expire on the policy anniversary nearest your 65th birthday.

The company will also pay a «Family Income Benefit» @ 5 % of the sum assured to the nominee / beneficiary on each policy anniversary in case of death of the life insured.

It will expires on the policy anniversary nearest your 60th birthday.

As the policyholder attains the age of 75 years or on the policy anniversary (whichever happens later), the following benefit shall be paid: Guaranteed Maturity Sum Assured + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) where Guaranteed Maturity Sum Assured is the total guaranteed sum to be received at the end of the policy term Accrued paid - up additions are any additional coverage provided by the company (if applicable) Terminal bonus is the bonus to be received at the end of the policy term (if applicable)

It expires on the policy anniversary nearest your age 65, or when your youngest child reaches age 25, whichever happens first.

Death benefit as 10 % of SA on every policy anniversary.

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 lower.

For Single Premium Payment option, 0.8 % p.a. of the single premium for the first five years, 0.38 % p.a. of the single premium from the 6th policy year, inflating @ 5 % p.a on every policy anniversary.

For increasing term assurance option, the sum assured increases (on every policy anniversary) by a specific percentage as chosen by you.

When your annual renewable policy matures, on your policy anniversary date, you must renew it.

This option can be chosen at the time of taking the policy or on any policy anniversary.

The policy vests in the name of the child, who is the life assured and shall then become policyholder on the policy anniversary falling after his 18th birthday

Option II - Increasing Sum Assured: On selecting this option, you are given an opportunity to increase your sum assured on every policy anniversary by 5 % simple p.a. or 10 % simple p.a. of the initial sum assured, without any corresponding increase in your premium amount

Rider can be attached on any policy anniversary.

It can be purchased with the base policy on inception or on the policy anniversary, provided that the base policy is in the force and all the premiums are duly paid.

In the case of the new money back policy, this means that policyholder can opt for rider benefits on any policy anniversary within 20 years of subscribing the policy as the premium paying term for this policy is 20 years though the policy tenure is 25 years.

In case of unfortunate event of death of policy holder, 10 % of sum assured will be paid on every policy anniversary till the policy maturity.

Yearly Renewable Term Life Insurance This is really a one year term policy with what you may call an option to renew it each year, on the policy anniversary.

In that situation, on the policy anniversary which follows the child's 18th birthday the policy's ownership status changes hands and reverts in the name of the child.

The rider benefits can be chosen on the policy inception or on the policy anniversary during the plan term:

Here the age nearer birthday of life assured should be 70 years and benefit is payable on the policy anniversary.

This bonus is generally declared annually at the end of each financial year and attached on each policy anniversary as per terms and conditions of the policy contract, to be paid out at the time of a claim or on maturity.

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

The mode of annuity payment can be changed on any policy anniversary by submitting a written request at least forty - five days prior to the policy anniversary date.

Survival Benefits @ 20 % of the Sum Assured is payable on each policy anniversary when the life assured attains 18, 20 and 22 years.

With Bajaj Allianz Life eTouch Online Term Plan, you will have the option to change the prevailing premium payment frequency on any policy anniversary, during the policy term.

The policyholder receives a Bonus Income on every policy anniversary, on completing sixteen policy years, until death or maturity of the policy.

Policy holders have the option of increasing sum assured by 5 % or 10 % simple per annum on every policy anniversary without increase in premium.

The policy will vest in the name of the Life Assured on the policy anniversary following the completion of 18 years of age.

7.5 % of Guaranteed Maturity Sum Assured for 15 years from age 61 years to 75 years on each policy anniversary.

On your policy anniversary, the insurer recalculates your risk of death and increases your premium to reflect your older age.

Family Income Benefit (FIB)-- An amount equal to 10 % of the Sum Assured will be paid on each Policy anniversary following or coinciding with the Date of Death of the Life Insured till the end of the Policy Term, but not exceeding 10 such installmentsa

You can add or delete riders on policy anniversary.