Sentences with phrase «paid lumpsum»

Death or disability Benefit: If the policyholder dies or suffers disability during the policy term, the nominee shall be paid a lumpsum amount that will be equal to 1.10 or 1.25 of the single premium paid or 5/7/10 times of the annual premium paid depending on the age of the insured and policy term.

A critical illness plan is an income replacement plan wherein, on diagnosis of a pre-listed critical illness, the policyholder is paid a lumpsum amount which he can use in any way that he deems fit.

Suppose a healthy male pays a lumpsum of Rs. 1 lakh at age 45.

However, critical illness policies pay a lumpsum amount irrespective of hospitalization in case of critical illnesses like heart attack, cancer and paralysis, to name a few.

This plan is suitable for people who had not planned for their retirement earlier and would like to avail pension by paying a lumpsum amount.

Bajaj Allianz Critical Illness Plan is a critical illness benefit policy, which will pays a lumpsum amount on the diagnosis of the covered illness of specified severity post the initial waiting & survival period.

For individuals who are not aware what is a term plan, it is a life insurance plan that pays a lumpsum amount to the family members of the life insured in the event of death of the life insured during the tenure of the life insurance plan.

The New Money Back Term plan offers to pay a lumpsum payment on the unfortunate death of the life assured during the policy term.

The new Money Back Term plan offers to pay a lumpsum payment on the unfortunate death of the life assured during the policy term

Not exact matches

A much needed relief due to high pressure to pay rent in lumpsum.

But returns are mentioned as Income benefit — 50000 PA for first 5 years and 1lakh for next 5 year then 6.81 Lakh as Lumpsum at the end of 10 year pay out.

If he is going to consider Debt Settlement, than he should ask himself how much he can save each month to wait for an offer and pay off lumpsum?

In 2024 I will leave present job and will earn lumpsum benefit 20 Lac appx and pension 15000 / month (expected to get revised in 2016 pay commission).

The return of the growth is calulated after substracting the MER.75 % of the principal is guarenteed at maturity.You can also withdraw 10 % without any penality in every year from the segregated funds.You can also do SM through Manuone.If you can put 10 % with CMHC insurance, either borrow a lumpsum from the subaccount, if you have the equity, or can use dollar cost averaging.In this case you pay only prime rate for the mortgage aswell as for the subaccount just like a credit line.The beauty of the mauone is that you can pay of the mortgage at any time if you have the money.Any money goes into your account will reduce your principal amount, and you pay only the simple interest at prime for the remaining principal.With a good decipline and by putting the tax returnfrom the investment in to the principal will reduce the principal subsatntially.If you don't have the decipline don't even think of this idea.I am an insurance agent, recently I read this SM program while surfing the net, I made my own research and doing it for my clients.I believe now 20 % downpayment can get a mortgage without cmhc insurance.Fora long term investment plan, Manuone with a combination of Segregated fund investment I believe is the best way to pay off the mortgage quickly and investment for the retirement.

Family Care Benefit, is a unique proposition by way of which, a part of the life insurance benefit i.e. Rs 100,000 is paid as a lumpsum to the nominee in case of death of the life insured, within 48 hours ** of submission of all relevant claim documents.

Lumpsum plus Monthly Income: Half of the death benefit will be paid out as lumpsum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15Lumpsum plus Monthly Income: Half of the death benefit will be paid out as lumpsum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15lumpsum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15 years.

Lumpsum: The entire death benefit will be paid out as a lumpsum amount to secure your family's financial Lumpsum: The entire death benefit will be paid out as a lumpsum amount to secure your family's financial lumpsum amount to secure your family's financial future.

The lumpsum that your family will get as death benefit can bring financial stability and pay off the liabilities.

In a single premium insurance policy, you get coverage for full term by paying premium amount in a lumpsum, in one go.

In that case, the lumpsum paid on account of the rider can take care of hospitalisation expenses, before the death benefits are paid to the family.

For «Increasing Monthly Income Variant» your coverage will be Rs. 75 lacs paid as lumpsum + Rs. 52.2 lacs payable as Monthly income payable over 10 years which sums upto Rs. 1.27 Cr.

Lumpsum: When one opts for lump sum payout option, the nominee receives the death benefit as lump sum one - time pay.

On death of the parent, a lumpsum amount will be paid immediately.

For «Monthly Income Variant» your coverage will be Rs. 75 lacs paid as lumpsum + Rs. 36 lacs payable as Monthly income payable over 10 years which sums upto Rs. 1.11 Cr.

But if bonusesare paid, it can be cashpayout or accumulated and paid as a Lumpsum or can be used to offset premiums to be paid i.e. help in reduction of premiums or will be allowed as an investment in the company, which will help you to gain interest at a specified rate.

Extra Life Option (Accidental Death Benefit): In case policy holder dies due to an accident, death benefit is paid as lumpsum along with extra sum assured

Once Critical Illness is found, a lumpsum amount is paid and Term plan will continue with Sum Assured is reduced by that lumpsum amount.

Death Benefit Pay - out Options: You can choose the manner in which your life cover (death benefit) would be paid to your nominees i.e. you can go for Lumpsum Pay - outs, Lumpsum + Annual Income, Monthly Income, Increasing Monthly / Annual Income, etc..

Aegon Life Easy Protect Insurance Plan is a term insurance plan where the death benefit is not paid in a lumpsum but paid in monthly installments so that the income needs of the family are met in the unfortunate death of the policyholder.

In case of an accidental death of the life assured, an additional sum assured amount will be paid to the nominee, partly as lumpsum and partly as monthly income.

The cover under this plan, if opted, is paid as lumpsum under iSelect lumpsum payout option.

You can choose the death benefit payout options as lumpsum or income along with the number of months you want the death benefit to be paid and also between equal or increasing monthly sums compounded @ 5.00 % per annum.

The nominee shall be paid death benefit in the form of a lumpsum amount if policyholder dies during the policy term

This way, a lumpsum amount will be paid at the time of diagnosis of the disease so it can help in covering medical and treatment expenses.

Return of Premium Option: If the policyholder survives till the end of the policy term, he will receive the total premiums paid under this plan option.In case of life assured's death or being diagnosed with any of the Terminal Illness during the Policy Term a Lumpsum benefit will be paid to the nominee.

Aspiration (Endowment Benefit): A lumpsum amount is paid at the time of maturity.

Education Support Benefit: To support child's education and important milestones, after the death of the policyholder, the fund value will not be paid as a lumpsum amount at the time of maturity.

The rates may be paid as a single lumpsum or through the time period of the coverage.

The cover under this plan, if opted, is paid in lumpsum.

Lumpsum with Conversion: A lumpsum amount shall be paid at the time of death of the iLumpsum with Conversion: A lumpsum amount shall be paid at the time of death of the ilumpsum amount shall be paid at the time of death of the insured.

If the policyholder dies during the policy term, sum assured shall be paid as a lumpsum amount or in the form of a regular income, as chosen

When the policyholder will be diagnosed with either of the 7 critical illnesses, the critical illness benefit shall be paid as a lumpsum and if that amount is less than the base sum assured, the policy will continue with lesser death sum assured.

But returns are mentioned as Income benefit — 50000 PA for first 5 years and 1lakh for next 5 year then 6.81 Lakh as Lumpsum at the end of 10 year pay out.

Life Cover: If the policyholder dies during the term of the plan, the nominee shall be paid the sum assured on a lumpsum basis at one go

This lumpsum amount you receive as a critical illness benefit can be utilized for your advanced medical treatment, paying your EMIs / loans, household expenses, etc..

Part of the benefit is paid as lumpsum and the rest of the amount is paid as monthly payouts.

Edelweiss Tokio Life - Wealth Plus also offers an additional option - the Rising Star benefit wherein a lumpsum amount will immediately be paid to the family in the event of demise.

The lumpsum fixed benefits are paid out in case of the... Read more

In case of survival to the end of policy term a lumpsum payout (fund value existing on the maturity date) is paid

In some cases, the lumpsum amount is paid and in others the family receives the partial amount immediately and the remaining amount is paid on monthly basis for a specific period.