Sentences with phrase «payable during the payout period»

The surrender value is equal to the Special surrender value which is equal to Special Surrender Value Factor x (Number of Premiums Paid / Total number of premiums payable) * (Sum of total benefits payable during payout period as described under the Maturity Benefit)

Survival Benefit as guaranteed income every year is payable during the payout period.

Not exact matches

Survival Benefits varying from 8.0 % to 12.5 % of the Sum Assured on Maturity payable each year during payout period.

Option B - Income Protection Under this option, the Death Benefit shall be payable as Monthly Income (payouts made each month) to your nominee during the payout period as chosen by you at inception of policy.

Annual Payout — A fixed amount equal to 5 times the Monthly Payout is payable at the end of every policy year during the payout period and will not be payable during the last policy year (at matuPayout — A fixed amount equal to 5 times the Monthly Payout is payable at the end of every policy year during the payout period and will not be payable during the last policy year (at matuPayout is payable at the end of every policy year during the payout period and will not be payable during the last policy year (at matupayout period and will not be payable during the last policy year (at maturity).

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

Income Benefit: Monthly income payable during the 10 year Payout Period post completion of the Policy Term.

In case of death of the policyholder during the guaranteed payout period, annuity is payable to the nominee.

If you want to receive the outstanding maturity benefit as a lump sum at any time during the payout period, the discounted value @ 9 % per annum discount rate is payable.

In case of death during the payout period (16th to 30th year), the maturity benefit for the remaining payout period is then payable to the nominee.

The first installment is payable at the end of the first year during this payout period.