Sentences with phrase «paid along with loyalty additions»
Available fund value is paid along with the loyalty additions to the policyholder.
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«Sum assured on death» equal to 10 times of single premium paid along with loyalty addition, if any shall be payable.
Not exact matches
On maturity, the available Fund Value along with the loyalty additions is paid to the policyholder and he can take the lump sum benefit or use the Settlement option to take it in instalments.
Maturity benefit: On the maturity of the policy, both guaranteed additions and loyalty additions are paid out along with the lump sum assured.
After completion of 5 years of LIC Bima Bachat, the Sum Assured along with Loyalty Addition, if any would be paid as Death Benefit
Moreover, if you do not stay invested till the maturity of the policy, you will get no loyalty additions, which are paid out along with the maturity benefit (fund value) at the end of the policy.
Along with that, there are loyalty additions which are paid out at certain time intervals.
Thus, LIC Bima Bachat is a traditional money back plan with scheduled payments along with return of single premium paid plus loyalty additions at the end of the policy tenure.
On maturity, the Guaranteed Maturity Benefit along with the Guaranteed Loyalty Additions, vested bonuses, interim bonus and any Terminal Bonus is paid
On death of the insured during the plan tenure, higher of the Guaranteed Maturity Benefit or the Sum Assured along with the Guaranteed Loyalty Additions, vested bonuses, interim bonus and any Terminal Bonus is paid
Death benefit: In case of the death of the policyholder, the family of the of policyholder receives a lump sum amount as long as the policy term continues, which is 250 times the premium paid on monthly basis along with the loyalty additions.
Jeevan Saral (165) Loyalty Addition is available along with Maturity Sum Assured (MSA) on Death, Surreder or Maturity provided premiums for atleast 10 years have paid.
On successful completion of the term policy while the assured is alive i.e. when all the due premiums have been paid, Sum Assured on Maturity along with Loyalty Addition is paid.
The company will pay the sum assured amount along with the loyalty addition.
In event of death during auto cover period, the nominee will be paid Sum Assured on Death (along with Loyalty addition).
ON MATURITY: On survival to the end of policy term basic sum assured along with loyalty addition will be paid.
Understanding Following Table: Suppose if Death happens in Year 2023, then nominee will get death claim amount as 10 times of single premium i.e. 2624500 + Loyalty Addition (LA) of year 2023 in case of normal death and in case of accidental death, an additional amount eqaul to sum assured (50000) will also paid along with normal death claim.