Sentences with phrase «paid by the policyholder»

A prominent business magazine, Caixin, said in May 2017 at least 30 billion yuan ($ 4.3 billion) of that money really came from premiums paid by policyholders — a violation of insurance regulations.

Since the premiums that are paid by the policyholders is an important chunk of their earning, it is, therefore, important to invest and put in money smartly without ripping the financial condition.

The amount of premium that is owed to an insurer for a policy, but which has not yet been paid by the policyholder.

With this option, the premium will still be paid by the policyholder — automatically — by a loan against the cash value of the policy, as long as there is enough cash value that has been built up by that time inside of the cash value component in order to cover such a loan.

Some of that money is from premiums paid by policyholders.

Eventually, the premiums paid by the policyholder are not enough to fund the potential payout of the death benefit.

1Terms & conditions apply 2Total premiums paid is equal to all premiums payable during the premium paying term of the policy excluding extra premiums, Goods & Service Tax paid by the policyholder but includes any frequency loading.

The expenses related to marketing and services are quite large in number, which are certainly recovered from the premiums paid by the policyholders.

Under Immediate Annuity Plans, a lump sum is paid by the policyholder and the annuity payments start immediately from the next period chosen.

If the policyholder survives after the term, the premium paid by the policyholder will be returned by the insurance company.

These charges are deducted upfront from the premium paid by the policyholder as a percentage of premium.

The determination of the Sum Assured under ULIPs depends on the amount of premium paid by the policyholder.

An insurance contract will promise to pay out the sum assured when the premium is paid by the policyholder and an insured event occurs during... read more

A good financial plan with returns and life coverage invest the premium as paid by the policyholder in the stock market and gives them returns which are comparatively volatile as they depend on the performance of the stock markets.

Premiums paid by a policyholder are not deductible from taxable income, although premiums paid via an approved pension fund registered in terms of the Income Tax Act are permitted to be deducted from personal income tax (whether these premiums are nominally being paid by the employer or employee).

The Irda (treatment of discontinued linked insurance policies) regulation, 2010, released by the sectoral watchdog today, said the charges for discontinuation of Ulips will range from Rs 1,000 to Rs 6000, depending on the premium paid by the policyholder.

A portion of the premium paid by the policyholder is utilized to provide insurance coverage to the policyholder and the remaining portion is invested in equity and debt instruments.

Guaranteed Death Benefit + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) Here, the Guaranteed Death Benefit is computed as the highest of 11 times the Annualised Premium or 105 % of all premiums paid by the Policyholder as on the date of death of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the policy.

A one of a kind Term plan which returns the premiums paid by the policyholder at the end of the policy tenure.

It is an amount that can be paid by a policyholder at any point of time to increase his fund value.

However, some of the insurers may pay back all the premiums paid by the policyholder till the date of death after deducting policy related expenses if any.

A premium is typically a periodic instalment that is paid or to be paid by a policyholder towards your policy, which can be set as a fixed premium rate or a renewable premium rate.

Tax benefit available only for premium paid for specified persons Under Section 80C of the Income Tax Act, any amount paid by a policyholder towards life insurance premium for self, spouse or his / her children can be claimed as deduction from taxable income.

The regular premium paid by the policyholder is eligible for tax deduction under Section 80C (subject to conditions specified) of the Income Tax Act, 1961.

In such cases, the nominee receives 80 % of the premiums paid by the policyholder.

If the court decides any amount above that slab, the remaining amount will be paid by the policyholder.

The premium which is paid by the policyholder will be invested in funds the company has as per the choice of the policyholder which would be influenced by his risk - taking ability.

It has been found out that in this plan company will be settling the death claim and simultaneously providing the sum assured within a time period of 12 days, post the receipt of all relevant death claim documents from the nominee or claimant, provided entire premium is paid by the policyholder for at least three policy years and the necessary claim application documents are deposited.

An insurance contract will promise to pay out the sum assured when the premium is paid by the policyholder and an insured event occurs during the contract's term.

According to the amount paid by the policyholder, the policy coverage becomes less.

A deductible is the out - of - pocket amount paid by the policyholder when making a claim.

In case the policyholder chose the option with the return of Purchase Price, then the policy terminates when the purchase price that was paid by the policyholder is refunded to his or her nominee.

Each premium paid by the policyholder shall be subject to premium allocation charges.

Tax benefits, under the Section 80C of the Indian income tax act, are available for the premiums paid by the policyholders.

If the policyholder commits suicide within 12 months of the revival period, then the Surrender Value or 80 % of the premiums paid by the policyholder is received.

A deductible is the amount to be paid by the policyholder before the insurance coverage comes into play.

The vesting amount that is paid by the policyholder is used to purchase an immediate annuity plan.

This means any liability arising beyond this amount will have to be paid by the policyholder himself / herself.

The premiums are less ~ 29 K and the returns are high ~ Rs. 34 L and the sum assured will be determined based on the premium paid by the policyholder.

There is also no apprehension of the policy lapsing for nonpayment of premium because everything required to be paid by the policyholder was paid at the point of policy initiation.

The company returns the first premium that was paid by the policyholder in this cooling period.

Premiums paid by policyholders are pooled within the insurance company's life fund.

As long as the premiums paid by the policyholder fall within this given range, the policy remains active.

Suicide clause - 80 % of the amount paid by the policyholder is returned if he commits suicide before 1 year.

The sum assured on death amount is 125 % of the basic sum assured or 10 times the annualized premium, whichever is more and is not lesser than 105 % of the total premiums paid by the policyholder until the time of his / her demise (this is not inclusive of taxes on premium amounts and extra, and rider premium amounts if any)

Freedom to choose the kind of Funds: The part of the premiums paid by the policyholders are invested into funds like bonds, stock markets etc..

These are calculated as the percentage of accumulated funds and the premiums paid by the policyholder.

However, there's a general rule of thumb: insurance agents receive a first year commission paid immediately after the first insurance premium is paid by the policyholder.

In addition to the standard administration and mortality fees paid by the policyholder each year, the sub-accounts deduct management fees that can range from 0.05 % to 2 %.

Premium: In order to get insured under a policy, an amount is paid by the policyholder, either in lump sum or periodic amounts, to the insurance company.