If you want to ensure that the family gets
regular monthly income for the fixed number of years, monthly income is a better option.
At the end of the premium payment term of 25 years, the policy holder enjoys a guaranteed increasing
regular monthly income till the end of the policy term.
Regular monthly income also gives you the option of receiving money in equal / level monthly payouts or in increasing amounts every month.
Offers lump sum payout equal to 50 % of sum assured in the event of a claim plus
regular monthly income till your child turns 21 years.
A qualifying Direct Deposit is defined as a Direct Deposit of a paycheck, pension, Social Security or
other regular monthly income electronically deposited into a Free, Performance or Performance Select Checking account.
So in light of above article I recommended to choose dividend re investment option but if you like to get regular monthly tax free income from this fund then choose growth plan and read this article to knew how to get
regular monthly income from mutual fund growth plan: -
Lump sum
+ Regular Monthly Income Plan: Offers the nominee 50 % of the basic sum assured in a lump sum form and the balance amount in level monthly installments for 10 years in case if an uncertainty.
You may opt for the following rider: Income Benefit on Accidental Disability Rider: Additional protection in case of accidental disability which is monthly income security, i.e
regular monthly income equal to 1 % of Sum Assured for a fixed period of 10 years.
A qualifying direct deposit is a direct deposit of your salary, pension, Social Security, or other
regular monthly income electronically deposited to this checking account by your employer or an outside agency.
The plan has an Income Benefit which comes with the Super variant and which provides
regular monthly income post the death of the insured.
Income replacement plans, after the demise of the policyholder, payout fraction of the benefit as a lump sum, and also make payment of
regular monthly income over a specific period, for about 10 - 15 years, for example.
Allows you to choose from 2 different options since inception itself — Income with maturity Benefit where you
receive regular monthly income that increases every year and gives a lump sum at maturity.
By providing
regular monthly income throughout your lifetime after you reach retirement age, Social Security provides a type of financial security that's hard to match with other assets.
Today, RBC Global Asset Management Inc. announced four new ETFs designed to generate regular monthly income
Direct deposit automatically places your paycheck, pension, Social Security, or other
regular monthly income into your checking, savings, or Money Market account.
Reliance Super Money Back Plan is a non-participating traditional Money Back plan which also promises increasing
regular monthly income so that the liquidity needs of the individual are fulfilled.
By providing life cover as well
as regular monthly income (annuity) after retirement, annuity / pension plans ensure that the policyholder remains financially independent and enjoys more or less the same lifestyle as he / she did when income was regular.
SBI Life — eIncome Shield, is a pure term, income protection plan that provides the security of
regular monthly income for your dependents.
In case of Decreasing Term option (Family Income Benefit), the nominee gets
regular monthly incomes from the date of death of the life insured which can also be withdrawn at a lump sum immediately where the discounted value of the monthly income is paid
Lump sum
+ Regular Monthly Income till child turns 21: This option shall only be available to policyholders with child age less than or equal to 15 years.
Income Protection Plan: There are term plans launching in India where your family will
get regular monthly income or pension kind of facility in case of unfortunate death.
A qualifying Direct Deposit is defined as a recurring Direct Deposit of a paycheck, pension, Social Security or
other regular monthly income electronically deposited by an employer or an outside agency
Bharti AXA Life Monthly Income Plan + Plan is a traditional participating savings plan
with regular monthly incomes which provides a steady inflow of cash every month with life insurance cover for protecting the family against unforeseen emergencies
Fixed Monthly Income Benefit: Under this option, the nominee shall be paid the death benefit in the form
of regular monthly income for a period of 15 years from the date of death.
A «Qualifying Direct Deposit» is a recurring direct deposit of a paycheck, pension, Social Security or other
eligible regular monthly income, electronically deposited by an employer or an outside agency into your new checking account.
Lumpsum + Fixed Monthly Income Benefit: This option shall help the nominee to receive 10 % of the death benefit at the time of death and remaining amount as part of
regular monthly income over a period of 15 years