Sentences with phrase «payable in lump sum»

Benefits payable at the end of policy term: Basic Sum Assured, along with vested Simple bonuses and Final additional Bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.

The Sum Assured plus all bonuses to date is payable in a lump sum upon the death of the life assured.

The sum assured is payable in lump sum as per the policy contract.

The Sum Assured plus all bonuses declared up to maturity date is payable in a lump sum on survival to the end of the policy term

Maturity Benefit: The Basic Sum Assured, along with the vested simple reversionary bonuses and Final Additional bonus, if any, shall be payable in lump sum on Survival to the end of the policy term provided all due premiums have been paid.

On death of the life Assured during the policy term, total of the following becomes payable in lump sum: 100 % of Sum Assured, irrespective of survival benefits already paid plus accrued bonuses declared till death.

On survival of the Life Assured till maturity, total of the following becomes payable in lump sum:

So develop a program offering a usage license or royalty fee for the life of the patent either payable in a lump sum, as annual payments or as monthly payments to make it easier for the infringing party to budget for.

Not exact matches

The value of the vested Account balance in the Cash Balance Plan is payable to the team member at any time after termination of employment in either a lump sum or an actuarially equivalent monthly annuity as provided under the Cash Balance Plan and as elected by the team member.

In addition to a $ 7.5 million settlement dubbed a «lump sum» but payable over seven years, Silda also gets $ 240,000 a year in maintenance for the rest of her life — with all the cash coming after Eliot pays the taxeIn addition to a $ 7.5 million settlement dubbed a «lump sum» but payable over seven years, Silda also gets $ 240,000 a year in maintenance for the rest of her life — with all the cash coming after Eliot pays the taxein maintenance for the rest of her life — with all the cash coming after Eliot pays the taxes.

The least expensive plan requires a year - long sign up at a cost of $ 251.40 USD, or $ 20.95 USD a month (payable in one lump sum).

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have been paiIn case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have been paiin force and all due premiums have been paid.

The payable premium is based on the actual purchase price of the mortgage and can be paid in the form of a lump sum.

Once you get a lump sum that can help you write off your debts, you'll be in a position to negotiate for lower interest rates that lower the total debt payable.

The benefit is payable to a designated beneficiary in the event of death by a lump sum of 4 x annual basic salary.

A decrease in the value of assets will also not constitute a Barder event, as illustrated by Horne v Horne [2009] EWCA Civ 487, [2009] All ER (D) 118 (Jul) in which the husband was to retain the family business and the wife was to retain the matrimonial home and a lump sum of # 180,000, payable by instalments.

In September 2009, an order was made whereby the wife received 47.5 % of the assets, including a lump sum payable to her by instalments.

McRoberts v McRoberts may come, however, as some reassurance to practitioners and clients alike in cases involving long standing obligations such as (as was the case here) lump sums payable by instalment.

Spousal support can be paid monthly or in some circumstances, spousal support may be payable as a lump sum.

No additional sums are payable Nearly all settlements in personal injury cases are in the form lump sum settlements.

An LSPO may provide for amounts to be payable in instalments or by way of a lump sum, perhaps with an interim order for sale, and the court has considerable flexibility over the scope / nature of the legal services to be covered and the duration of the order.

The court may also direct the employer to withhold any periodic or lump sum distributions of income which may be payable to the obligor in addition to regular income until further order of court.

In the event of the key employee's death, the policy's death benefit is payable to the company which can be used to provide continued supplemental benefits or to provide a lump sum benefit to the executive's named beneficiary.

On maturity, the Fund Value is payable which can be availed in lump sum or taken in instalments over a period of 5 years through the Settlement Option feature

Premiums payable either in lump sum under Single Pay, for a limited period under Limited Pay or for whole tenure of SBI child plan

Policy continuance Benefit — in case of eventuality one can get lump sum benefit immediately on death to ensure financial security or can get future premiums waived off and ensure all other benefits are payable to the beneficiary.

Premiums under the plan are payable either for a limited tenure under the Limited Pay option or in one lump sum under the Single Pay option of premium payment.

Upon death of the insured the death benefit is payable which can be taken in monthly instalments or in one lump sum

On maturity, the Fund Value is payable including top - up fund value which can be availed in lump sum or taken in instalments over a period of 5 years through the Settlement Option feature

At maturity, the value payable is the Fund Value which can either be taken in lump sum or in instalments post maturity under the feature of Settlement Option.

On maturity, the Fund Value is payable including accrued loyalty additions which can be availed in lump sum or taken in instalments over a period of 5 years through the Settlement Option feature

The death SA can be taken either in lump sum or 100 % of the base SA is payable on death and GMM * Base SApayable on the maturity date and 2 % of the base SA to be paid in monthly instalments from death till maturity date for a minimum of 36 months

In case of the death of the insured, the beneficiary can avail payable death benefit income on monthly basis or lump sum.

In this type of a plans, either maturity benefit or death benefit is payable monthly instead of a lump sum.

On maturity, the Fund Value is payable which can be taken as a lump sum or availed in instalments over a period of 5 years post maturity under the Settlement Option feature

In case of death post the first 5 years, the chosen Sum Assured under the LIC pension plan including the accumulated Guaranteed Additions, Simple Reversionary Bonuses and Final Additional Bonus, if any till the date of death is payable to the nominee who can avail the death benefit whether in lump sum or annuity or partly in lump sum and partly in annuity depending on his choiIn case of death post the first 5 years, the chosen Sum Assured under the LIC pension plan including the accumulated Guaranteed Additions, Simple Reversionary Bonuses and Final Additional Bonus, if any till the date of death is payable to the nominee who can avail the death benefit whether in lump sum or annuity or partly in lump sum and partly in annuity depending on his choiin lump sum or annuity or partly in lump sum and partly in annuity depending on his choiin lump sum and partly in annuity depending on his choiin annuity depending on his choice

Also, in the event of unfortunate death, a lump sum benefit equal to higher of the sum assured or 105 % of all premiums paid till date of death will be payable.

The total Fund Value is payable on maturity which may be taken in lump sum or availed in instalments after maturity within 5 years under the Settlement Option feature under the plan.

In the case of death of the insured before the date of the maturity, then the benefits of death that are payable to the nominees in a lump sum amount are as followIn the case of death of the insured before the date of the maturity, then the benefits of death that are payable to the nominees in a lump sum amount are as followin a lump sum amount are as follows:

Income Option — Now this is an interesting option where a part of lump - sum [10 % of Sum Assured payable] will be paid to your family in case of death immediately.

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.

In the event of the policyholder's death, the sum assured is immediately payable to policyholders» nominee or legal heir as a lump sum, along with the bonuses.

o Option A: - Base: In the event of insured's unfortunate demise, the base sum Assured (less terminal illness benefit already paid) is payable to the nominee as a lump sum amount.

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.

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.

In the event of accidental death of the life insured, 100 % of the rider sum assured is payable as lump sum.

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 lump sum.

In case demise of the life insured during the policy term, the death benefit is payable to the nominee as a lump sum amount.

In case of your death, your partner will receive a lump sum sum assured that he / she can utilize to fulfill several financial obligations and in case of second partner during the term of the plan, the sum assured is again payablIn case of your death, your partner will receive a lump sum sum assured that he / she can utilize to fulfill several financial obligations and in case of second partner during the term of the plan, the sum assured is again payablin case of second partner during the term of the plan, the sum assured is again payable.

In the event of death of the life insured during the policy term, the Death Benefit as a lump sum is payable to the nominee, which 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.