Sentences with phrase «paid by the life insurer»

This is because it gives a peace of mind that in case of any unfortunate event such as death and critical illness; the sum assured paid by the life insurer will be sufficient to meet future goals of the policyholder or family.

Not exact matches

Industry data shows the difference insurers make With: 9.4 million paid everyday over life, income protection and critical illness insurance in 2014 Over # 1bn in claims paid to households and business affected by the winter 2013/14 floods and storms And tracking of motor and household premiums

Designed to prevent the risk of outliving your income, annuities work by giving a lump sum or series of payments to an insurance company, and in return, the insurer agrees to pay you a guaranteed income for a certain length of time (or even for the rest of your life).

By definition, the paid up value of a life insurance policy is the value an owner receives from the insurer upon default or surrender or early termination of the policy before its maturity or the insured's death.

Firstly, the premium charged by the insurer in the event of success is a fraction of the cost of a third - party funding success fee (reflecting the fact that the insurer does not pay cash out during the life of the claim).

The total benefits paid to customers by life insurers has increased to Rs 1.91 lakh crore as March 31, 2013 as compared to Rs 1.41 lakh crore as on March 2011.

As alluded to above, these types of things not only make it a little harder to get coverage by limiting the companies who will offer you the best life insurance rates, you'll also likely pay higher premiums depending on the level of risk the insurer evaluates you at.

If the insurer had a life insurance policy with a cash - value component, you might also check his or her tax returns for evidence of any dividends paid out by the insurance company.

Some of the Life Insurance Premium Payment Options are as follows: • Walking in to the insurer «s Office and making payment by Cash / DD / Cheque, Credit Card, Electronic Clearance System and Direct Debit Facility • Walk in to any Bank Branch Partner of the Insurer • Online payment through net banking and bill junction • Electronic Clearing Services (ECS) • Standing Instruction to your bank • Payment through Bill Desk • Electronic Bill Payment • Payment through Visa Binsurer «s Office and making payment by Cash / DD / Cheque, Credit Card, Electronic Clearance System and Direct Debit Facility • Walk in to any Bank Branch Partner of the Insurer • Online payment through net banking and bill junction • Electronic Clearing Services (ECS) • Standing Instruction to your bank • Payment through Bill Desk • Electronic Bill Payment • Payment through Visa BInsurer • Online payment through net banking and bill junction • Electronic Clearing Services (ECS) • Standing Instruction to your bank • Payment through Bill Desk • Electronic Bill Payment • Payment through Visa Bill Pay

The person invested Rs. 50,000 with the life insurer expecting returns, according to Dehradun District Consumer Forum.The complaint by Ramesh Prasad stated that he took a policy with Reliance Life Insurance and paid Rs. 50,000 in five successive annual installments with an assured interest rate of 12 - 15 percent onlife insurer expecting returns, according to Dehradun District Consumer Forum.The complaint by Ramesh Prasad stated that he took a policy with Reliance Life Insurance and paid Rs. 50,000 in five successive annual installments with an assured interest rate of 12 - 15 percent onLife Insurance and paid Rs. 50,000 in five successive annual installments with an assured interest rate of 12 - 15 percent on it.

Designed to prevent the risk of outliving your income, annuities work by giving a lump sum or series of payments to an insurance company, and in return, the insurer agrees to pay you a guaranteed income for a certain length of time (or even for the rest of your life).

Rate classes are a system used by insurers to determine how much you'll pay for life insurance.

One of the oldest ways that car insurers jack up the rate, that you pay for your car insurance policy, is by factoring in the area that you live.

By purchasing life insurance, you gain the assurance that your insurer will pay a death benefit to your named beneficiaries upon your death (as long as your policy is still in force at that time).

«Life and disability insurance analyst» means a person who, for a fee or compensation of any kind, paid by or derived from any person or source other than an insurer, advises, purports to advise, or offers to advise any person insured under, named as beneficiary of, or having any interest in, a life or disability insurance contract, in any manner concerning that contract or his or her rights in respect therLife and disability insurance analyst» means a person who, for a fee or compensation of any kind, paid by or derived from any person or source other than an insurer, advises, purports to advise, or offers to advise any person insured under, named as beneficiary of, or having any interest in, a life or disability insurance contract, in any manner concerning that contract or his or her rights in respect therlife or disability insurance contract, in any manner concerning that contract or his or her rights in respect thereto.

If you have linked your mortgage with the life insurance plan, the family will receive an accumulated death benefit when you die and your outstanding debt will be paid off by the insurer.

Life Insurance is a policy provided by an insurance company, according to which in exchange for your premium payments, the insurer is obliged to pay a certain sum (a lump sum or portions of smaller sums) to your beneficiary (persons you choose) in the event of your death.

In the event of an accidental death, this insurance will pay benefits in addition to any life insurance but only up to a set amount total regardless of any other insurance held by same insurer, held by the client.

Insurance regulator IRDA has asked life insurers to make public the commission they pay to agents for unit - linked products from investors money, absence of which has been decried by mutual funds as a disadvantage.

When your cash value account grows large enough, it can be used by the insurer to pay your premiums for the rest of your life.

War Clause — Life insurers stopped using war exclusions in the 1970s, but for education's sake and because this clause is still relevant in other insurances this clause means that the insurer will not pay for loss or damage caused directly or indirectly by war.

Some policies pay benefits for the rest of your life, although this varies by policy and by insurer.

«Life insurers can access the database by paying a nominal fee of Rs 5,» said Manickam, adding that the check was earlier being done manually.

reveals that 27 claims under PMSBY have already been cleared by the insurers while more than a 100 claims of life insurance under the PMJJBY have also been paid by the insurance company.

Shop around and compare prices When it comes to life insurance it pays to shop around because premiums can vary by up to 50 % or more between insurers.

Life insurers have ample reason to err on the side of caution: The Centers for Disease Control and Prevention estimates that smoking cuts life expectancy by 10 years, limiting the amount of premiums insurance companies can collect before a death benefit will have to be pLife insurers have ample reason to err on the side of caution: The Centers for Disease Control and Prevention estimates that smoking cuts life expectancy by 10 years, limiting the amount of premiums insurance companies can collect before a death benefit will have to be plife expectancy by 10 years, limiting the amount of premiums insurance companies can collect before a death benefit will have to be paid.

You pay a nominal premium every year for a certain period of time to buy a life insurance cover, and in case of your unfortunate death during this time, your family is paid the amount promised to you by your insurer.

For example: As you age, the cost of life insurance will increase; and, if you do not pay the full amount of the premiums you owe (to cover the cost of increase), an insurer will reconcile the difference by taking money from the cash value you have in your policy — the cash value of your life insurance will decline — to resolve this divide.

The insurer has an option to pay by cheque in case the payment doesn't exceed Rs. 25, 000 for a non-life insurance policy or Rs. 10, 000 for a life insurance policy.

Therefore, the amount paid by the insurer could be a lot more than the premium paid in a Life Insurance policy, primarily because protection is the chief objective of the plan.

Similar to whole life insurance except 1) premium costs are subject to change — the rate is variable, and set by the insurer 2) allows the cash value to be used to pay the premiums 3) cash value grows at a variable interest rate set by the insurer

Upon receiving a claim, a bank needs to inform the respective life insurer, which can then access the database by paying a nominal fee of Rs 5.

Life insurance dividends and bonuses, while typical of mutual insurance, are also paid by some joint stock insurers.

In case of an accident, an additional amount will be paid to you by your insurer along with the base life cover during the term of the policy.

Dividend paying whole life insurance, also known as participating whole life insurance, refers to policies offered by certain insurers that pay a dividend in the case that the insurer performs better than expected.

If you have used dividends to pay for some of the premium, you must calculate the total premiums paid by referencing your most recent life insurance policy statement or by calling your insurer and requesting this information.

The rate you pay per $ 1,000 of life insurance coverage you purchase will depend on your age and gender, among other factors, but rates do vary by insurer.

Just like that anti theft device makes your car harder to steal and thus makes your insurer less likely to have to pay for a loss, airbags save insurers money by saving lives and preventing serious injuries in auto accidents.

However, if the parent i.e. the Life Insured dies within the policy tenure, the nominee or the child would receive the Sum Assured as Death Benefit and the future premiums would be paid by the insurer such that the Fund Value is paid as the Maturity Benefit to the nominee when the policy matures.

If you have individual life insurance, your coverage can not be cancelled by the insurer — only you — as long as you're paying your premiums.

What makes a child ulip plan with a waiver of premium rider unique is on your (life assured) death, all future premiums are paid by the Insurer (Life Insurance Compalife assured) death, all future premiums are paid by the Insurer (Life Insurance CompaLife Insurance Company).

Typically a Life Settlement broker can sell your policy to investors for a much higher price than the cash surrender value paid by the insurer.

That means, you have the 30 days (which may vary by insurer) to review your life insurance policy and return it to the insurance company to get a full refund of all premiums you have paid for your policy.

If you buy a pension plan with life cover, you need to pay higher premiums, as it provides additional benefits of insurance, the rate of premium charged by your insurer depend on the type of plan and its benefits offered.

In general, if living benefits are held by the insurer under an agreement to pay interest, the interest payments are taxable in full when distributed or simply credited to the account.