Sentences with phrase «payouts in lump sum amount»

You have the option to choose your payouts in lump sum amount or as regular income.

Not exact matches

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.

In case of an unfortunate event, the claim amount is received by the appointee till the child gets matured and capable of handling the lump - sum payout of sum assured.

The nominee can choose either to receive annuity payouts from the death benefit partly or in full or withdraw the lump sum amount

Transamerica, an A + rated company founded in 1904, offers unique options, with a few of their term life products, such as Living Benefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requirements.

Lump Sum Payment: If all of the payouts are in the form of monthly income, then this lump sum amount includes the bonus amounts that may have been declared by the insurance compLump Sum Payment: If all of the payouts are in the form of monthly income, then this lump sum amount includes the bonus amounts that may have been declared by the insurance complump sum amount includes the bonus amounts that may have been declared by the insurance company.

In case of an unfortunate event, the claim amount is received by the appointee till the child gets matured and capable of handling the lump - sum payout of sum insured.

Case 1: In a 15 - year (180 months) Family First Plan with face amount of Rs. 4,000 Monthly Family First, if the insured person dies in, say, the 120th month, the beneficiary will receive Rs 4,000 monthly income installment for the month of death and the remaining 60 - months period plus a lump sum of Rs. 80,000 (20 x 4000) with the first monthly payouIn a 15 - year (180 months) Family First Plan with face amount of Rs. 4,000 Monthly Family First, if the insured person dies in, say, the 120th month, the beneficiary will receive Rs 4,000 monthly income installment for the month of death and the remaining 60 - months period plus a lump sum of Rs. 80,000 (20 x 4000) with the first monthly payouin, say, the 120th month, the beneficiary will receive Rs 4,000 monthly income installment for the month of death and the remaining 60 - months period plus a lump sum of Rs. 80,000 (20 x 4000) with the first monthly payout.

Subject to the provision of this section, for each relevant previous year, a deduction will be allowed that will be equivalent to a fraction of the lump sum amount paid (for more than an year) as insurance premium payout to keep the health insurance in force.

In case, any of the mentioned Critical Illness occurs, the Benefit is paid to you as a Lump sum amount, as selected during the inception, heedless of the death benefit payout option you choose, subject to the policy being in function and the payment is made for all the due paymentIn case, any of the mentioned Critical Illness occurs, the Benefit is paid to you as a Lump sum amount, as selected during the inception, heedless of the death benefit payout option you choose, subject to the policy being in function and the payment is made for all the due paymentin function and the payment is made for all the due payments.

33 % of final payout can be withdrawn in lump - sum and is not taxable.However, the rest of the amount is taxable.

In Unit Linked Polices instead of taking a lump sum amount at maturity, some plans provide policyholders with the option to receive the Maturity Benefits as a structured payout (periodic instalments) over a period of time (say, 5 years or any time up to 5 years) after maturity.

In a lump sum term insurance plan, the nominee receives the sum assured as a lump sum amount, that is, the total payout of sum assured at once and the policy terminates.

You can also opt for 50 % of the sum assured as a lump sum payout and the remaining sum assured amount is paid annually in increasing installments for 10 years.

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.

In case of demise of the life insured during the policy term, the nominee is entitled to receive a Sum Assured amount as a lump sum payout.

These payouts could serve as a second income and also help in paying his child's school expenses.The lump sum amount that he will receive at the end of the 20th year could be used for his daughter's higher education expenses.In case of the unfortunate event of his death before the maturity of the policy, his family will get higher of 100 % of Sum Assured or 105 % of the Premiums paid or 11 times the Annualised Base Premium.

This type of payout option allows the nominees to receive the portion of claim benefit as a lump sum and the remaining amount as installments in the form of a monthly or yearly income for a specified period of time depending upon the plan conditions.

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.

In the unfortunate event of your death during this period, your family will get a lump sum amount regardless of any Guaranteed Annual Payouts or Critical Illness Benefit received earlier.

Depending on the amount of the insurance policy the payout options should be either lump sum, annuitized, fixed monthly payments for a period of time, or left with the insurance company in an interest bearing account with check writing privileges.