Sentences with phrase «payable by a policyholder»

It is the sum assured that determines the amount of premium payable by the policyholder to the insurer.

The amount payable by the policyholder at regular intervals during the Premium Paying Term, and at the Premium Payment Frequency

The premium should be payable by the policyholder, his / her spouse, and / or parents and / or dependent children.

In case of immediate Annuity, a lump sum is payable by the policyholder and annuity bills starting right now from the subsequent duration decided on.

Not exact matches

* Annualized Premium shall be the premium payable in a year chosen by the policyholder, excluding loadings for modal premiums, if any, and applicable taxes.

* Annualised Premium shall be the premium payable in a year chosen by the policyholder, excluding the underwriting extra premiums and loadings for modal premiums, if any.

* Annualized Premium shall be the premium payable in a year chosen by the policyholder, excluding the underwriting extra premiums and loadings for modal premiums, if any.

The maximum limit of liability payable by an insurance carrier on behalf of a policyholder during any given policy period

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 benefit is payable at the rate of 25 % of the Basic Sum Assured chosen by the policyholder and 25 % of the accumulated Simple Reversionary Bonuses.

The rate of the benefits payable is 1 % of the Sum Assured every month or 11.5 % of the Sum Assured every year as chosen by the policyholder.

The annuity payments will then start immediately from the next frequency which was chosen by the policyholder and will be payable for his entire lifetime.

The rider states that if the parent who is the policyholder and life insured under the plan dies during the tenure of the plan, all future premiums payable under the plan will be waived and paid for by the company.

If the annuitant commits suicide, no benefit will be payable but if the Return of Purchase Price Option is chosen by the policyholder, then, on suicide, the Purchase Price is paid back to the nominee

Annualised premium shall be the premium payable in a year chosen by the policyholder, excluding the underwriting extra premiums, loadings for modal premiums, service tax and cess, if any.

In addition, a monthly income equal to 0.5 % of the Sum Assured shall be payable for a period of 10 years.The monthly income can be level or increasing at 10 % p.a. as chosen by the policyholder.

In the earlier version, Sum Assured = X times the annualized premium, where annualized premium is the premium payable in a year chosen by the policyholder, excluding the underwriting extra premiums and loadings for modal premiums, if any.

All premiums that would have been payable from the date of default up to the proposed date of reinstatement will need to be paid by you / policyholder with interest.

The nominees can opt for full lump sum amount payable on death of the policyholder, or 50 % upfront, followed by annual income for next 10 years.

On maturity, the basic Sum Assured multiplied by the Guaranteed Maturity Factor is payable to the policyholder.

Policy Termination or Surrender Benefit: the policy may be surrendered by the Master policyholder but the member may continue the cover till the end of the term but there is no Surrender Value payable

Life Cover with inbuilt Waiver of Future Premiums payable on Accidental Total and Permanent Disability: If the policyholder suffers from an accidental total permanent disability, all the future premium till the end of policy term or death of policyholder, whichever is earlier, shall be waived and paid by the company itself.

In case of instant Annuity, a lump sum is payable by using the policyholder and annuity bills starts right now from the subsequent duration decided on.

annualized premium is the premium payable in a year chosen by the policyholder excluding the underwriting extra premiums and loadings for modal premiums, if any.

Monthly Payout — Amount chosen by the policyholder is payable at the beginning of every month during the payout period.

The cash value payable by the insurance company on termination of the policy contract at the desire of Policyholder but before the expiry term is known as Surrender Value.

* Annualized Premium shall be the premium payable in a year chosen by the policyholder, excluding the underwriting extra premiums and loadings for modal premiums, if any.

The company will pay you the CI Benefit, as a lump sum to meet your financial needs.The benefit is payable irrespective of the actual expenses incurred by the policyholder.

• On encashment of leaves by a member while in service or in case of death / retirement / resignation or termination, the Master Policyholder will be paid an amount equivalent to the amount payable to the member as per the Company's Leave Encashment Rules, by canceling the units of equivalent amount from the master policyholdePolicyholder will be paid an amount equivalent to the amount payable to the member as per the Company's Leave Encashment Rules, by canceling the units of equivalent amount from the master policyholderpolicyholder's account.