Sentences with phrase «paid as a lump»

The total amount paid as a lump sum and monthly payments will be equal to the amount that would have been paid had the member not elected to receive a lump - sum payment.

The tax treatment of both super and death benefits is also affected by whether the benefits are paid as a lump sum or income stream (regular payments).

If you die during the guarantee period, the annuity will continue to make income payments until the end of the selected guarantee period or you could select that the remaining payments are paid as a lump sum (this option is not permitted where the guarantee period is 10 years).

on death, the balance may be paid as a lump sum to a designated beneficiary, used to buy a further pension for a surviving spouse or may continue as a reversionary pension.

If you're not a dependant of the deceased, the death benefit must be paid as a lump sum.

Usually it is paid as a lump sum when the mortgage is taken out, or it can be taken off your mortgage advance at the time.

If you die during the guarantee period, the annuity will continue to make income payments until the end of the selected guarantee period or you could select the remaining payments are paid as a lump sum (this option is not permitted where the guarantee period is 10 years).

A pro rata deduction is available when only part of the death benefit is paid to an eligible dependant or only part is paid as a lump sum.

The payment is only payable where the death benefit is being paid as a lump sum to an eligible dependant of the deceased member, who is either a:

There's also «Critical Illness» cover, an insurance policy that's usually paid as a lump sum, where you'll get a tax - free chunk if you're diagnosed with one of the serious illnesses covered by your policy, such as cancers, heart attack and stroke.

Payments that are paid as a lump sum (such as a one - time transfer in the event of a «clean break») is not taxable or deductible.

Accelerated death benefits are paid as a lump sum.

The death benefit is paid as a lump sum income tax free.

And while there are several different options for structuring a life insurance settlement, benefits are typically paid as a lump - sum cash payment.

Under the option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in equal monthly instalments for a period till which the policyholder's child attains 21 years of age.

Under the second option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in equal monthly instalments @ 0.58 % of the Sum Assured for 10 years.

Under the third option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in increasing monthly instalments increasing at a simple rate of 12 % per annum for 10 years.

In case the insured dies after the completion of first 5 years of the policy, the nominee of the policy receives the basic sum assured + accrued guarantee addition + simple reversionary bonus + final reversionary bonus (if any), which can be paid as a lump - sum or as an annuity, or as a combination of two.

The Death Benefit is equal to the Sum Assured and paid as a lump sum amount.

For a major stage cancer diagnosis, the entire sum insured or the indexed sum insured (whichever is applicable) will be paid as a lump sum amount, less any amount already paid up during the early stage diagnosis.

The life insurance proceeds are paid as a lump sum and are not taxable.

Many people assume death benefits are only paid as a lump sum which is what most companies advertise.

On the first diagnosis of any of the covered critical illnesses, the entire CI benefit amount of Rs. 10 lakhs will be paid as a lump sum, irrespective of the actual expenses incurred on treatment.

However, if the nominee prefers to have a lump - sum benefit instead of a staggered benefit, the remaining payouts are discounted at the rate 5.25 % per annum and will be paid as lump - sum immediately.

On the first diagnosis of any of the six critical illness, the rider benefit will be paid as a lump sum benefit.

Maturity Benefit will be paid as a lump sum plus education support benefit in installment as flat or increasing payout.

I see that the pnbmetlife has a plan where they provide a monthly compensation till child attains 21 and if no unfortunate event happens by child attains the age of 21 then the entire insurance amount is paid as lump sum.

It simply means, that on the first diagnosis of any of the listed 7 or 35 critical illnesses during the policy term, the critical sum assured is paid as lump sum.

With insurance plans that offer cover for such illnesses, a certain percentage of the total sum assured is paid as a lump sum amount upon diagnosis.

Death benefit is paid as lump sum, regular income or as lump sum plus regular income, as per the option chosen at the time of purchase.

On the first diagnosis of any of the 34 covered critical illnesses, the entire CI benefit amount will be paid as a lump sum, irrespective of the actual expenses incurred on treatment.

If on the hand a policyholder opts for an installment option, then the 50 % of the sum assured is paid as a lump sum amount and the rest is paid in 5 equal annual installments.

This commuted amount would be paid as lump sum and the annuity will be proportionately reduced after commutation

On the maturity of the policy 20 % of the sum assured + guaranteed bonus + terminal bonus (if any) is paid as a lump - sum amount to the insured and the rest 80 % of the sum assured is utilized to pay annuity according to the chosen option (on the age of the handicapped dependent)

The critical illness benefit is paid as a lump - sum if the Life Insured survives for at least thirty days.

Post-hospitalisation paid as lump - sum up to 60 days from the date of discharge; payment not exceeding 7 % of hospitalization expenses; maximum of 5000 INR.

Lump - Sum plus Monthly Income: 50 % of the Death benefit is paid as a lump sum and the amount remaining is paid as monthly income for 15 years growing by 10 % at simple rate annually.

Rs. 10 lacs is paid as a lump sum and the policy continues with the reduced Sum Assured of Rs. 90 lacs.

On death of the Life Assured during the Policy Term due to causes other than accident, provided the policy is in - force, the Death Sum Assured will be paid as lump sum to the Beneficiary.

A life insurance death benefit is paid as a lump sum.

o Lump Sum + Equal Annual Installments: If the policyholder chooses Installment option, 50 % of the Death Sum Assured will be paid as lump sum immediately on death of the life insured and the remaining amount is paid annually in 5 equal installments (starting post 1 year from date of death of the life insured).

o Extra Life Option: This option provides a death benefit to the nominee, which is paid as lump sum on death.In the event of ACCIDENTAL death of the life Insured, the additional sum assured as Accidental Death Benefit is paid.

The sum assured under the plan is paid as Lump Sum to the nominee as death benefit.

o Basic Life Cover: In case of the unfortunate event of death, the sum assured is paid as Lump Sum to the nominee.

The Commuted Value is calculated by using a discount rate of 5.7 % per annum from the date of receipt of the request for opting commutation and it is paid as a lump sum amount to the policyholder or nominee.

In case of any other claim due to death or on diagnosis of critical illness before all due payouts are paid, the remaining payouts will be paid as lump sum to you / nominee and the policy will terminate.

This amount may either be paid as a lump sum or monthly payments.

25 % of the sum assured is liable to pay as a lump - sum on death (up to the maximum of Rs. 50 lacs).

The benefits are paid as lump sum amount which remains constant throughout the policy period.

Lump Sum + Increasing Monthly Income Option: In the event of death of the life Insured, 50 % of the of the Guaranteed Death Benefit is paid as a lump sum.