Sentences with phrase «payable in a policy year»

The Annualised Base premium is the sum of premiums payable in a policy year and excludes modal factors and underwriting extra (if applicable).

The Annualised Base premium is the sum of premiums payable in a policy year and excludes modal factors and underwriting extra (if applicable).

Not exact matches

And honestly, if they can't afford a hospital birth, chances are they can't afford a homebirth midwife — who are generally not cheap, who will not generally make payment arrangements (or rather, will not make the same type hospitals make, payable after the fact and in small monthly increments for years; midwife payment arrangements tend to be along the lines of «Half the fee at the first appointment, and the other half a month or two later»), and who will not deliver a baby without having been paid in full prior to onset of labor (I don't have a statistic, but it seems most midwives have this particular payment policy, and payment is non-refundable).

No bonuses shall be payable in the first 5 policy years.

Death Benefit Payable: In the event of death, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the customeIn the event of death, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the customein force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the customer.

This type of policy will pay out only a very limited benefit during the first few years the policy is in force, and then convert to a fully payable term life insurance policy for the remainder of the term.

Survival Benefit: Subject to the policy being in force, the Guaranteed Monthly Income on Survival (as displayed in the table below) will be payable monthly starting from the end of the next month after the completion of the Premium Payment Term and will be payable for 72 months for 12 year policy term, 96 months for 16 year policy term and 144 months for 24 year policy term.:

10 times of single premium paid (excluding Service Tax) + Loyalty Addition is payable as death claim amount, in case of death of the policy holder before completing 15 years or the maturity date of the policy.

The Additional Death Benefit is calculated by adding up the discounted value of the money - back benefits payable in the last 4 years of the policy and the inbuilt Family Income Benefit

In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee After completing five policy years, if it is surrendered, then there is no Surrender / Discontinuance Charges and the Fund Value is paid to the policyholder and the policy will terminate immediately.

Survival benefits as 20 % of the basic sum assured is payable in equal intervals of time i.e. after the completion of age 18 years, 20 years and 22 years, provided the policy is in full force.

The clause in the Insurance Contract that defines that no death benefits will be payable by the Insurer, in case the Insured commits suicide during a specified initial period, usually in the first year of the policy.

Any sum received other than as death benefit under an insurance policy which has been issued on or after April 1 2003 and if the premium payable in any of the years during the term of the policy does not exceed 20 % of the sum assured.

If the Insured dies by suicide within two years from the Issue Date (one year in ND), the only amount payable by Gerber Life will be the premiums paid for the policy less any debt against the policy.

Quite simply, it's a discount in the Own Damage premium payable when renewing your policy after a claim - free year.

NCB is a discount in the Own Damage premium payable when renewing your policy after a claim - free year.

• Receive Cash — Generally payable annually in the form of a check on the anniversary date of the policy • Use Towards Premiums — Instead of taking the dividends as cash, you can apply the money towards your policy premiums • Let Dividends Accumulate — Means that you accumulate your dividends as interest and can withdraw anytime but will be required to pay taxes on any interest accrued • Buy Paid - Up Options — Means that you can use the dividends to buy additional life insurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a separate rider

Scenario II: In case of Rohan's unfortunate demise during the 5th policy year, Death Benefit amount payable is Rs. 428,744.

Suicide: If the life assured commits suicide within one year from the date of inception of the policy, 80 % of the Premium paid will be payable to the nominee or beneficiary / legal heirs, provided the policy is in - force.

Max Life Partner Care Rider: (UIN: 104A023V01) Under this rider, in the event of death of the insured, the nominee gets an additional sum of all the future premiums payable under the base policy, subject to a maximum age of 60 years.

Suicide Exclusion - In case the policyholder commits suicide within one year of the date of issue policy, only 80 % of the paid premium is payable to the nominee.

In case of Rohan's unfortunate demise during the 17th policy year, Death Benefit amount payable is Rs. 428,744.

Premium Payable: As per the choices made above, his annual premium works out to 6,950 # (excluding taxes) Benefit Payable: And If Krish's death occurs in the 2 policy year after paying his premium for initial 2 years, the benefit payable to Krish's nominee (s) wPayable: As per the choices made above, his annual premium works out to 6,950 # (excluding taxes) Benefit Payable: And If Krish's death occurs in the 2 policy year after paying his premium for initial 2 years, the benefit payable to Krish's nominee (s) wPayable: And If Krish's death occurs in the 2 policy year after paying his premium for initial 2 years, the benefit payable to Krish's nominee (s) wpayable to Krish's nominee (s) will be:

There is also a maximum ceiling on the number of hospitalization days in a policy year for which the allowance is payable.

It brings the policyholder profits in terms of loyalty points, in addition to the lifelong benefits throughout the policy term, which is payable after the policy complete 10th year.

A super top - up plan is a better choice since it takes into account the aggregate value of all claims in a policy year, as a result of which, even smaller and more frequent claims are payable.

In case you surrender the HDFC Life ProGrowth Plus Plan before the fifth policy year is complete, your total Fund Value excluding the relevant charges will be added to the (DPF) Discontinued Policy Fund and the takings from the same shall be payable post the lock - in period of the policy is completeIn case you surrender the HDFC Life ProGrowth Plus Plan before the fifth policy year is complete, your total Fund Value excluding the relevant charges will be added to the (DPF) Discontinued Policy Fund and the takings from the same shall be payable post the lock - in period of the policy is comppolicy year is complete, your total Fund Value excluding the relevant charges will be added to the (DPF) Discontinued Policy Fund and the takings from the same shall be payable post the lock - in period of the policy is compPolicy Fund and the takings from the same shall be payable post the lock - in period of the policy is completein period of the policy is comppolicy is completed.

Some plans offer you with discount vouchers which can be redeemed at various health centers and pharmacies while some plans discount the premium payable next year if you are found to be healthy in a policy year.

Reversionary Bonus: This bonus is declared at the end of each year by a life insurance company for its various policies and added on to the total sum payable to the insured party on the maturity of the policy or to his or her nominees in case the insured does not survive the term of the policy.

For example; you take out a one year auto insurance policy and the total premium payable to the insurer is $ 1,200 for the year, you are offered a small discount for paying the full sum in advance and you agree to do so.

On survival of the Pensioner during the policy term of 10 years, pension in arrears (at the end of each period as per mode chosen) shall be payable

Under the same, on survival of the Pensioner during the policy term of 10 years, pension in arrears (at the end of each period as per mode chosen) shall be payable.

Death Benefit: The policy covers the insured till 100 or 85 years of age and in case the insured dies within policy term, the nominee shall be eligible for a sum assured payable on death that is higher of sum assured on maturity or 11 times annualized premium or 105 % of all premiums paid till the date of death

These bonuses will be accumulated in your plan and payable at the time of death, maturity or surrender beyond the fifth year of the policy.

In this policy after every year bonus will be accumulated which will be payable as per the policy payment terms.

Chosen «Monthly Benefit» will be paid monthly in arrear increasing at 5 % every policy year to the nominee till the end of the term OR 5 years, whichever is later on death of life assured, payable when the unfortunate event of death of life assured has been confirmed.

Scenario B - Death Benefit: In the event of death of Mr. Aryan during 12th policy year, the death benefit payable is higher of Sum Assured plus Top up Sum Assured OR Fund Value as on the date of intimation of death.

Upon surrendering the policy after the completion of the lock - in period of 5 years, the fund value as on the date of termination is payable.

In case of demise during 1 year and 11 months following the date of commencement of the policy, 105 % of total premiums paid (till the date of death) is then payable.

In case of unfortunate death of policy holder during policy term, this plan proivides 10 % of sum assured every year till maturity and again at competion of policy term maturity amount is also payable.

Since Premium paying term is 3 year lesser than policy term, so premium will be payable for 18 (21 - 3) years in this case.

In the event of demise of Mr. Raman during the 8th policy year, a lump sum amount of Rs 5 Lacs plus Accrued Guaranteed Loyalty Additions is payable as the death benefit to the nominee.

Let us understand the plan with the example of Mr. Ram Life Assured - Mr. Ram aged 35 years Plan Purchased - HDFC Life ProGrowth Plus (extra life option) Policy Term - 30 years Annual Premium - Rs 30,000 Sum Assured - Rs 7,00,000 Scenario A - Maturity Benefit: In case of his survival till maturity of the policy, the Total Fund Value as prevailing on the date of maturity is payable as a lumPolicy Term - 30 years Annual Premium - Rs 30,000 Sum Assured - Rs 7,00,000 Scenario A - Maturity Benefit: In case of his survival till maturity of the policy, the Total Fund Value as prevailing on the date of maturity is payable as a lumpolicy, the Total Fund Value as prevailing on the date of maturity is payable as a lump sum.

It will be payable on death, if the policy is in force for 8 years or on maturity.

Upon surrendering the policy after the lock - in period of 5 years, the Fund Value as on the date of surrender is payable immediately and the policy then terminates.

Upon surrendering the policy after the lock - in period of 5 years, the Fund Value (including top - up fund value) as on the date of surrender is payable immediately.

Scenario B - Death Benefit: In the event of his death during the 16th policy year, the Death Benefit payable is higher of the sum assured or single premium fund value Plus higher of top - up premium sum assured or top - up premium fund value, if any.

In the event of demise of Mr. Raman during any policy year, Rs 2 Lacs plus vested Simple Reversionary Bonuses and Final Additional bonus is payable as the death benefit to the nominee.

In case of death by suicide during first Policy year or within one year from the date of revival, only fund value as on the date of death is payable.

If the annual premium payable exceeds the specified percentage of the actual sum assured, then the whole amount of policy payouts would be considered as income and become taxable in the year of receipt.