Sentences with phrase «on simple reversionary bonus»
The benefit illustration given in this example is based on simple reversionary bonus declared for 2015 - 16 (Latest).
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I want to share a detail on the Simple Reversionary bonus that LIC promises for most plans.
The payment at maturity depends on Simple Reversionary Bonuses announced during the policy term and Final Additional Bonus in the year of maturity.
Not exact matches
A non-guaranteed simple annual reversionary bonus gets accrued to the Policy from the end of 1st Policy year and will get paid out on Maturity or on death.
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
Under the Endowment Option, 125 % of Sum Assured and accrued simple reversionary bonuses with any Terminal Bonus is paid on maturity
On maturity, the accrued simple reversionary bonuses and any Terminal Bonus is paid.
On maturity date, the Sum Assured on maturity plus the vested simple reversionary bonuses including any Terminal Bonus is payabOn maturity date, the Sum Assured on maturity plus the vested simple reversionary bonuses including any Terminal Bonus is payabon maturity plus the vested simple reversionary bonuses including any Terminal Bonus is payable
On Maturity the Guaranteed Sum Assured on Maturity is payable which is equal to basic SA including accrued Guaranteed Additions @ 7 % and vested Simple Reversionary BonusOn Maturity the Guaranteed Sum Assured on Maturity is payable which is equal to basic SA including accrued Guaranteed Additions @ 7 % and vested Simple Reversionary Bonuson Maturity is payable which is equal to basic SA including accrued Guaranteed Additions @ 7 % and vested Simple Reversionary Bonuses
In case of plan maturity, the Sum Assured on maturity and the vested simple reversionary bonuses with any Terminal Bonus is payable
On maturity, the accrued simple reversionary bonuses and any Terminal Bonus is paid to the policyholder
On death of the policyholder, higher of the basic SA on Maturity including Simple reversionary bonuses and Terminal Bonus, if any, or 11 times the annual premiums subject to a minimum of 105 % of premiums paid is payabOn death of the policyholder, higher of the basic SA on Maturity including Simple reversionary bonuses and Terminal Bonus, if any, or 11 times the annual premiums subject to a minimum of 105 % of premiums paid is payabon Maturity including Simple reversionary bonuses and Terminal Bonus, if any, or 11 times the annual premiums subject to a minimum of 105 % of premiums paid is payable
On maturation, the policy pays a guaranteed amount of 40 % of Base Sum Assured plus accrued Simple Reversionary Bonus and Terminal Bonus if applicable.
The plan accumulates simple reversionary bonuses by participating in the profit of the company and final addition bonus is declared on the basis of the experience of the company.
If the life insured survives the whole tenure of the policy, then the sum assured on maturity i.e. 40 % of the basic sum assured + simple reversionary bonus + final additional bonus (if any) is payable after the maturity of the policy.
On the death of the policyholder, the beneficiary receives the following Death Benefits: (1) Death Sum Assured plus Accrued Simple Reversionary Bonus.
The reversionary bonus consists of two types: the simple reversionary bonus that does not add on to the sum assured and the compound reversionary bonus that adds to the sum assured.
In the event of the unfortunate death of the Life Assured, the nominee shall receive Sum Assured on Death (as described below) plus the accrued Simple Reversionary Bonuses plus Terminal Bonus, if any, subject to 105 % of all premiums paid as on date of death and the Policy shall terminate.
Death Benefit = Sum Assured on Death + vested Simple Reversionary Bonuses + Final Additional Bonus if any.
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.
Maturity benefit (Benefits payable on maturity) = Basic Sum Assured + vested Simple Reversionary Bonuses + Final Additional Bonus, if any.
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.
Therefore, the Final Additional Bonus and the Simple Reversionary Bonuses, if any, must be paid under the policy on the maturity due date regardless of the survival of the Assured Life.
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 deaOn 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 deaon death and vested Simple Reversionary Bonuses if any subject to a minimum of 105 % of all premiums paid till death
If the policy holder survives beyond the term of the policy, the maturity benefit is a sum assured on maturity with simple reversionary as well as additional bonus — all of which will be paid out to the policy holder.
Vested simple reversionary bonuses and any Guaranteed Terminal Additions are also paid along with the Sum Assured on death.
On Maturity, Sum Assured on maturity + Guaranteed Terminal Additions + Simple reversionary bonus is paid subject to a minimum of 101 % of all premiums paOn Maturity, Sum Assured on maturity + Guaranteed Terminal Additions + Simple reversionary bonus is paid subject to a minimum of 101 % of all premiums paon maturity + Guaranteed Terminal Additions + Simple reversionary bonus is paid subject to a minimum of 101 % of all premiums paid
In the case of the demise of the policyholder, the policy must continue to take part in the profits up to the maturity date and the entire fixed Final Additional Bonus and Simple Reversionary Bonus, if any, must be payable on the maturity due date.
In case of death post the first 5 years, the chosen Sum Assured under the LIC pension plan including the accumulated Guaranteed Additions, Simple Reversionary Bonuses and Final Additional Bonus, if any till the date of death is payable to the nominee who can avail the death benefit whether in lump sum or annuity or partly in lump sum and partly in annuity depending on his choice
On maturity, the last installment of the GBI, Simple Reversionary bonuses, interim bonus and Terminal Bonus, if any, is paid to the insbonus and Terminal Bonus, if any, is paid to the insBonus, if any, is paid to the insured.
Maturity Benefit: On the Life assured surviving the stipulated date of maturity, Sum Assured on Maturity (40 % of the Basic Sum Assured) + Simple Reversionary Bonuses + Final Additional Bonus, if any, shall be payablOn the Life assured surviving the stipulated date of maturity, Sum Assured on Maturity (40 % of the Basic Sum Assured) + Simple Reversionary Bonuses + Final Additional Bonus, if any, shall be payablon Maturity (40 % of the Basic Sum Assured) + Simple Reversionary Bonuses + Final Additional Bonus, if any, shall be payable.
On death after the first five years, basic Sum Assured + accrued Guaranteed Additions + vested Simple Reversionary Bonuses and Final Additional Bonus, if any is paid either in lump sum or in annuity or partly in lump sum and partly in annuity.
The GSV depends on a percentage of the total Premiums paid and the rebated value of accrued Simple Reversionary Bonus.
In case of demise of the policyholder during the term of the policy, then the death benefit which is equal to the summation of «Sum Assured on Death», Simple Reversionary Bonuses, and Final Additional bonus (if any) will be given to the beneficiary.
The fixed Final Additional Bonus and the Simple Reversionary Bonuses, if any, contained in the Death Benefit must be payable on the maturity due date.
On Maturity, 40 % of the base Sum Assured + vested simple reversionary bonuses + Final Additional Bonus, if any, are paid.
On Maturity, the Sum Assured with accrued Simple Reversionary Bonus and terminal bonus is paid in the form of annuity either immediately or it can be deferred to purchase a Single Premium Deferred Annuity Bonus and terminal bonus is paid in the form of annuity either immediately or it can be deferred to purchase a Single Premium Deferred Annuity bonus is paid in the form of annuity either immediately or it can be deferred to purchase a Single Premium Deferred Annuity plan.
As a with - profit endowment assurance plan the policy accumulate profit made by LIC through the final additional bonus and simple reversionary bonus and these add - on bonuses are paid out at the termination of the maturity period.
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 paOn 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 paon 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 deatOn 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 deaton death + vested simple reversionary bonuses + Final Additional Bonus, if any, is payable subject to a minimum of 105 % of all premiums paid till death.
Thereafter, Simple Reversionary Bonuses and Final Additional Bonus are paid from the 6th policy year depending on the profit experience of the company
On Vesting, basic Sum Assured + Guaranteed Additions + vested simple reversionary bonus + Final Additional Bonus, if any, is payable to the policyhobonus + Final Additional Bonus, if any, is payable to the policyhoBonus, if any, is payable to the policyholder.
If all the regular premiums for decided term are paid with no balance premium, the Death benefit is calculated by adding following amounts: Death Benefit = Sum Assured on death + Vested simple Reversionary Bonus + Final Additional Bonus.
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.
Simple Reversionary Bonus: This type of bonus is calculated on the sum assBonus: This type of bonus is calculated on the sum assbonus is calculated on the sum assured.
Benefit on Vesting would be provided under the policy in full force, on vesting an amount equal to the Basic Sum Assured along with accrued Guaranteed Additions, vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be made available to the Life Assured.
If Mr. Ashish survives as said in the first case, then he gets the maturity benefit as follows: Maturity Benefit = Sum Assured on maturity + Vested simple Reversionary Bonus + Final Additional Bonus.