Sentences with phrase «payment at the inception»

Under the single pay option you can make lump sum payment at the inception of the policy.

Not exact matches

It should be presumed that such a transfer of risks and rewards occurs if at the inception of the lease the present value of the minimum lease payments including any initial payment, amounts to substantially all (normally 90 per cent or more) of the fair value of the leased asset.

Situations that would normally lead to a lease being classified as a finance lease include the following: the lease transfers ownership of the asset to the lessee by the end of the lease term; the lessee has the option to purchase the asset at a price which is expected to be sufficiently lower than fair value at the date the option becomes exercisable and that, at the inception of the lease, it is reasonably certain that the option will be exercised; the lease term is for the major part of the economic life of the asset, even if title is not transferred; at the inception of the lease, the present value of the minimum lease payments amounts to at least substantially all of the fair value of the leased asset, and; the lease assets are of a specialised nature such that only the lessee can use them without major modifications being made.

$ 489 payment / $ 489 security deposit due at lease inception, with a cost of borrowing of $ 0, and total obligation of $ 19,072.

Survival Benefit — Here, the regular monthly income that is chosen at the time of inception of the policy for 15 yrs after the end of the premium payment term is paid to the policyholder.

Two Policy Term & Premium payment term options: The product offers you the choice of two Policy Terms of 20 years and 25 years with premium payment terms of 10 years and 15 years respectively at inception of your policy

In a charitable remainder annuity trust, a fixed annual payment is negotiated at the inception of the trust.

It is curious to note that more firms have started to (1) hold the billing or responsible lawyers accountable for client advances if payment is not received within a prescribed time, especially if retainers are not obtained from these clients at the inception of the matter, or if deposits are not received from these clients prior to incurring the advance, and (2) set «credit limits on cash advances» with prohibitions against the accounting department accepting requests for client advances in excess of a predetermined minimum amount, without prior approval of the managing partner.

Premiums can be paid regularly for the entire duration of the plan under the Regular pay option or in one lump sum at the time of inception of the plan under the Single Pay option of premium payment.

In case of availing monthly instalments, a fixed monthly income chosen at the inception of the plan is payable following the month of death till the end of the plan tenure subject to a minimum of 3 years or 36 monthly payments.

You will have the option to select the premium payment term only at policy inception and once selected, the option can not be changed.

Limited Pay Period: You may choose a Premium Payment Term of 10 years or 15 years at inception of your Policy.

Guaranteed Maturity benefit (GMB) is set at policy inception and depends on policy term, premium payment term, premium, age and gender.

A similar version of the earlier plan where premium is paid only once at then inception of the plan under the Single Premium payment option.

New Term Assurance Rider - The New Term Assurance rider is made available on making the payment of an additional premium at the inception of the policy.

The reduced premium will be based on the age, lifestyle category (if applicable), policy term, premium payment frequency and sum assured of the surviving life assured as at the inception of the policy

Premiums under the plan can be either paid for the entire duration of the plan under the Regular Pay option of premium payment or in one lump sum at the inception of the policy under the Single Pay option of premium payment.

The policyholder and his family receive annual income after the premium payment period for the length of the policy term that had been chosen at the inception of the policy.

The premium is paid in a single lump - sum payment at the policy inception for the purchase of the annuity.

• Cover amount (Sum Assured): Rs. 1 Crore • Policy Term: Whole of Life • Premium Payment Term: Whole of Life • Annualized Premium at inception: Rs. 23,016 • Monthly premium at inception: Rs. 2,002 • Planned Life Stage Benefit Option: Yes

Usually, the customer has to opt for plan specifications like sum insured, policy term, premium payment term, premium payment frequency, etc. at the inception of the policy.

Same as base plan Premium Payment Term or remaining Premium Paying Term of base plan in case the rider is not taken at inception, subject to a minimum rider term of 5 years and maximum term of 35 years