Sentences with phrase «paying small additional premiums»

An LIC single premium policy lets you opt for additional riders such as the Accident Benefit Rider and Critical Illness Rider by paying small additional premiums.

Add additional coverage for accidents by paying a small additional premium.

This means that from the insured party's viewpoint they are effectively paying a small additional premium for guaranteed insurance payments even if you can no longer make the payments.

Not exact matches

However, now that most airlines are charging a premium for «preferred economy» seats (usually a small additional fee for a window or aisle seat), a fellow passenger may not be willing to switch if they've paid extra for their seat.

For a small additional premium, you can also buy a Return of Premium (ROP) rider (ages 18 - 50) which allows you to receive a percentage of any premiums you have paid at time of cancellation

Each insured person pays a basic premium plus a small additional daily premium for the duration of the trip.

In this case, for instance, if the insured dies within just the first two or three years, the beneficiary may only receive a return of the premiums that were paid in (and possibly a small amount of additional interest from the insurance company).

For a small additional premium, you can choose to carry full value coverage on your personal property, which ensures that you will be paid the full replacement cost of items that are damaged or stolen without deduction for depreciation.

If the insured dies because of natural causes, the insurer will not pay the full death benefit to the beneficiary but instead will pay the total of all premiums paid to the company plus an additional small percentage of that amount.

Paid up additions are small single premium whole life policies which add additional value to your policy.

In this case, the named beneficiary on the no medical exam policy may only be able to receive back the amount of premiums that were paid into the policy (possibly with a small amount of additional interest), or a certain percentage of the stated death benefit.

Breaking your payments into monthly increments costs the insurance company money in paperwork and labor hours, and that additional expense is passed onto you through small monthly fees; by paying your premiums all at once, you eliminate these fees and reduce your yearly costs.