There are three options to receive the maturity benefits under the plan which can be chosen either as money - back
payouts under Options A and B or a lump sum payout under Option C.
Total income
payout under this option is Rs. 24,00,000.
The payout under this option may vary with the chosen premium payment term.
The payout under this option may vary with the chosen premium payment term, age and gender.
The payout under this option may vary as per the age at entry, gender and premium payment term.
Not exact matches
(Even if an investor does not opt for «Dividend
payout sub-
option»
under the «Dividend plan», the default
option is treated as «dividend reinvestment» only)
AMCs will convert the outstanding units
under dividend re-investment
option into dividend
payout.
It's also worth noting that regular annuity payments (
under a regular annuity
payout option) from an annuity where the Annuity Starting Date was after 12/31/1986 are taxed
under the «exclusion ratio» regime only until all investment in the contract has been received tax free.
Under deferment plans, on vesting, the customer can exercise his choice on the different
options available to him in the context of annuity
payouts.
The annuity
payouts occur from the next chosen frequency immediately after payment of lump sum premium and the
payouts are available
under various
options
Under this plan, the policyholder can pick from added paid - up
options or cash
payout.
In the cash
payout option, each year after the premium payment term the declared bonus is paid to the policyholder
under the plan.
In case of death, the benefit can be taken either in lump sum, or in instalments
under the Regular Annual
Payout option or 50 % in lump sum and 50 % in instalments as per the policyholder's choice.
On death of the annuitant, annuity
payouts cease
under the first
option.
Recurring
payout -
Under this
option, the nominee receives 10 % of the Sum Assured amount on the death of the Life Assured.
HDFC child plan helps the policyholder to get maximum maturity benefits and also take advantage of various
payout options under these HDFC child plans.
Under the first
option,
payouts start 5 years after the completion of the premium paying term and are thereafter paid every two years.
If
Option A is chosen then the Staggered
Payouts are paid as and when they fall due and the remaining Sum Assured is paid on maturity or else
under Option B, 105 % of the Sum Assured is paid on maturity.
The annual
payouts as chosen
under the
Options available will be paid as they accrue and accrued reversionary bonuses including Terminal Bonus, if any is paid on maturity
While this
option provides you with income for life, payments are generally smaller than they would be
under the life - only
payout.
Under all the plan
options, the policy holder receives lumpsum
payout on diagnosis of terminal illness.
As you begin discussing policy
options with your life insurance company, you'll hash out typical policy choices including
payouts and coverage limits, term length, and
under what conditions the policy will be paid out.
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 p
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 p
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.
You will have the
option to either receive the bonus
payouts during the policy term or you can accumulate them
under the policy.
Under the Systematic Partial Withdrawal
option, on the completion of five policy years, an amount of the Fund Value, at the time of the start of the Systematic Partial Withdrawal, is paid to the policyholder from his / her unit account, as structured and regular
payouts.
Under Option B which is Income Replacement, the nominee receives regular monthly
payouts which increase @ 5 % every year compounded annually.
Under the Aspiration
option for Maturity Benefit
payout, lump sum is paid on Maturity which is the Sum Assured and Guaranteed Additions where the total benefit received is equal to 125 % of the SA
There are 2 added
options under the benefit payment preference which decides the way the beneficiary receives the benefit
payouts.
The cover
under this plan, if opted, is paid as lumpsum
under iSelect lumpsum
payout option.
Upon the death of the life insured the company will to the nominee the Sum Assured on death along with Additional Sum Assured
under Life Stage Plus
Option, if any less
Payout Accelerator Benefit already paid, if any.
The nominee has the
option to take the sum assured on death as a lump sum
payout or staggered payment, as per the terms applicable
under the plan.
The monthly income
under this
payout option begins from the date of intimation of death of the life insured, in case of acceptance of the claim.
o Level Cover: The death
payout under this plan
option pays the opted sum assured to the nominee in the event of death of life insured during the policy term.
Recurring
Payout Option: Under this payout option, the nominee receives 10 % of the sum assured on the death of life insured as an immediate payment once the claim is accepted.The balance amount of sum assured is paid either as monthly or yearly i
Payout Option: Under this payout option, the nominee receives 10 % of the sum assured on the death of life insured as an immediate payment once the claim is accepted.The balance amount of sum assured is paid either as monthly or yearly i
Option:
Under this
payout option, the nominee receives 10 % of the sum assured on the death of life insured as an immediate payment once the claim is accepted.The balance amount of sum assured is paid either as monthly or yearly i
payout option, the nominee receives 10 % of the sum assured on the death of life insured as an immediate payment once the claim is accepted.The balance amount of sum assured is paid either as monthly or yearly i
option, the nominee receives 10 % of the sum assured on the death of life insured as an immediate payment once the claim is accepted.The balance amount of sum assured is paid either as monthly or yearly income.
The death benefit
under this
payout option is higher of 10 times the annualized premium, 105 % of total premiums paid, or the basic sum assured.
The
payout under this plan
option starts with 10 % of the total benefit amount.
Under this plan, you have an
option to start receiving annuity immediately after paying the premium depending upon the
payout mode you choose.
Accrued Paid Up Additions (PUA) are the bonus
payouts payable in case you choose the PUA mode for receiving annual bonuses announced by Max Life Insurance (explained
under Bonus
Payout Options).
While receiving the Death Benefit in monthly installments, the beneficiary can also choose at a future date to commute all outstanding
payouts and receive the present value of future outstanding
payouts as a lumpsum as provided
under the commutation
option.
Generally, most of the policies offer a Lump Sum
payout options under a Critical Illness Cover.
Simple Reversionary Bonus vested annually from the end of the 1st policy year and is payable on survival during benefit
payout term or death of the life insured / maturity of the policy, as applicable
under Pure Income Benefit & Income with Maturity Benefit
Option respectively.
Income with Maturity Benefit:
Under this
option, monthly income is 1 % of the base sum assured for the first
payout year and it then further increases by 0.25 % at a simple rate in the following years.
Only Income Benefit:
Under this
option, monthly income is 2 % of the base sum assured during the first
payout year and it then increases by 0.50 % at a simple rate in subsequent years.
Under option B, the
payout is 105 % of the sum assured.
o
Option C - Loan Protection: Under this payout option, the sum assured reduces every year over a policy
Option C - Loan Protection:
Under this
payout option, the sum assured reduces every year over a policy
option, the sum assured reduces every year over a policy term.
Under Option B, Guaranteed Staggered
Payout Benefits are not payable.
o Sum Assured
Option: Upon choosing this payout option, you will receive the death benefit equal to sum assured applicable under the
Option: Upon choosing this
payout option, you will receive the death benefit equal to sum assured applicable under the
option, you will receive the death benefit equal to sum assured applicable
under the plan.
Under option A, the
payout is 65 % of the sum assured.
Under a settlement
option, the maturity amount entitled to a life insurance policyholder is paid in structured periodic installments (up to a certain stipulated period of time post maturity) instead of a «lump - sum»
payout.
With these
payouts, the policy gets terminated unless monthly incomes are remaining
under the settlement
option.