Sentences with phrase «percentage of the death claims»

Well, this is the percentage of the death claims life insurance companies paid out in 2011 - 12 out of the total claims they received.

They noted that their loyal customers who had converted their life insurance to their amazingly priced no lapse guaranteed universal life, had a higher percentage of death claims than term insurance clients that hadn't converted.

Not exact matches

Because over a large sample size the statistics hold very true, the life insurance company can predict with a high degree of accuracy the percentage of policy holders that will have a death claim filed in any given year.

Every year the company can expect a certain percentage of their insured persons to pass away, resulting in death claims.

This annual income is expressed as a fixed percentage of Death Benefit at the time of claim settlement and then increases at the rate of 5 % per annum simple on each death anniversary of the life insured for the chosen payout Death Benefit at the time of claim settlement and then increases at the rate of 5 % per annum simple on each death anniversary of the life insured for the chosen payout death anniversary of the life insured for the chosen payout term.

This critical information bucket summarizes the percentage of individual death claims that are actually settled by the insurer.

Staggered payment, whereby, 20 % of «Sum Assured on Death» is received at the time of claim settlement, with the balance being received as an Annual income, expressed as a fixed percentage of the Sum Assured on Death, on each death anniversary of the life insured over the chosen payout Death» is received at the time of claim settlement, with the balance being received as an Annual income, expressed as a fixed percentage of the Sum Assured on Death, on each death anniversary of the life insured over the chosen payout Death, on each death anniversary of the life insured over the chosen payout death anniversary of the life insured over the chosen payout term.

Applicable and the accrued reversionary bonus is payable on death or surrender or maturity claim amount.Reversionary bonus is expressed as a percentage of the base sum assured.Terminal bonus is payable only on maturity and is expressed as a % of the accrued simple reversionary bonus.

The company has an impressive individual death claims paid percentage of 97.81 % in FY»17 (Src: IRDAI Annual Report FY 2016 - 17).