Sentences with phrase «plan till maturity»

Dear Gyandendra, Without going into plan specifics, it may be a good choice to continue the plan till maturity.

Not exact matches

Since the plan also ensures that if he were to survive till the end of the policy term, he will receive all the premiums that he has paid over the entire term thus ensuring that he receives commensurate benefits for the premiums he invests whether it is in the form of the Death Benefit or Maturity Benefit.

According to a BMO Wealth Institute report titled Mind your taxes in retirement, those lacking corporate pensions can create eligible pension income by beginning to convert a registered plan to its maturity option at age 65 rather than waiting till 71.

The plan offers 101 % of premiums paid as returns even if the market sees a slowdown and offers a guaranteed loyalty addition for those who stay invested till the maturity period.

Reversionary bonuses accrue from the 6th policy year till maturity or death under this Kotak Life plan

There is usually no maturity value payable under the plan if the person survives till the end of the tenure.

In case of death of the insured during the tenure of the plan, the death benefit payable will be higher of 10 times the annual premium or 105 % of all premiums paid till death or the Maturity Sum Assured.

Annuity plans necessitate the insurer to pay the insured income at regular intervals until his death or till maturity of the plan.

There is an option of adding the Income Benefit Rider wherein, in case of death of the insured, 10 % of the rider Sum Assured will be paid to the beneficiary every year post death till the maturity of the plan in addition to the death benefit payable as above.

The Guaranteed Death Benefit is defined as higher of 11 times the annual premium or 105 % of the total premiums paid till the date of death or the Guaranteed Maturity Sum Assured chosen at the time of inception of the plan.

There will be no maturity benefit payable to the policyholder if he survives till the end of the LIC online term plan tenure because it is a pure LIC term insurance plan

Some benefits offered the plan are like providing life Insurance coverage till the age of 75 years, Money back feature where in once receives 7.5 % of the guaranteed Maturity Sum Assured per annum for 15 years to take care from 61 years to 75 years and lastly Maturity benefits at the age of 75 years.

In case of death of the insured during the tenure of the plan, the Death Benefit is paid which is higher of the Sum Assured or 10 times the annual premium paid or 105 % of total premiums paid till the date of death or the maturity Sum Assured

In case the insured survives till the maturity of the Max Life term plan, he or she will get 100 % of the total premiums paid under the Max Life term plan

No other benefit is provided in case of maturity though some term plans do offer the premiums paid over the course of the tenure to the policyholder if he survives till maturity but such plans are priced higher.

If joint life plan, on death of the first policyholder, the sum assured is paid out but the plan remains in force till the death of the second life or till the end of the policy term, whichever is earlier Additional sum assured is paid if the second life also dies prior to maturity

In case of death of the insured during the tenure of the plan, a benefit higher of 10 times the annual premium or base Sum Assured or minimum guaranteed Maturity Sum Assured or 105 % of all premiums paid till the date of death is payable along with the vested reversionary bonuses.

The plan has return of premium option on maturity so that the policyholder does not lose the premiums paid on survival till maturity.

On survival till the end of the plan term, the benefit on maturity is paid to the insurance holder and the plan continues to be in force.

As the name suggests, this whole life endowment plan continues to provide coverage till the death of the insured even after the maturity of the plan.

As indicated by this plan, the protected individual gets the aggregate amount and in addition the reward that comes as maturity benefit, however it ought to be recollected that the life cover picked is legitimate till the demise of the insured.

This plan is a perfect blend of income and financial protection as the survival benefits are payable every year from the end of the premium paying term till maturity and a life insurance benefit.

I have taken Birla Sunlife Dream Plan Enhancer policy in jan 2008 with 20 yrs maturity and till date have deposited Rs. 90000.

There is no maturity benefit in a term plan, thus, you should take a policy at least till the time you retire so that the income does not stop for the family if something were to happen to you.

LIC agent has approached me for new endowment plan for 16 years, sum assured Rs. 9,00,000, premium is Rs. 60,000 pa, maturity benefits is Rs. 21,24,187 after maturity if I opt for pension plan Rs. 16,197 pm till the death of policy holder at his death maturity benefit amount will be paid to nominee.

Under this rider, in case of accidental disability, the future premiums are waived off but the plan continues till maturity or death paying the promised benefits as and when they accrue.

This is a traditional participating endowment plan under which survival benefits payable every year from 5th policy anniversary till maturity and life insurance benefit.

We provide continuously ONLINE & OFFLINE support to our clients right from choosing the plan, Opening of LIC policy to till maturity claim settlement.

Along with this amount the balance keeps increasing to cater their long term saving needs and the plan is covered till its maturity.

A paid policy is a policy that requires no further premium payments and continues to provide paid up (reduced) benefits till plan maturity.

Here, regular monthly income is paid to the insured, only post completion of the premium paying term till the maturity of the plan

Maturity Benefit: The unique feature of a whole life plan is that it provides coverage for life or till age 100.

Budget: Among a number of insurance plans available in the market, choose the one which fits your budget bearing in mind that you also need to pay adequate premiums till the maturity of the policy.

In the event of death / disability of life assured or the proposer (parent), the future premiums in the plan are waived off and the policy continues till maturity.

Shriram Life cash Back Term Plan is a pure term plan providing affordable coverage and also returning the premiums paid in case the policyholder survives till maturPlan is a pure term plan providing affordable coverage and also returning the premiums paid in case the policyholder survives till maturplan providing affordable coverage and also returning the premiums paid in case the policyholder survives till maturity.

Assured addition up to 125 % of one annual regular premium basis proper continuity of the plan till the time of maturity.

The investment grows in value and is returned to the policyholder if he chooses to withdraw or lives till the maturity of the plan.

The maximum maturity age as per the plan is 75 years If the policyholder survives till the maturity of the policy, then he would be entitled to the basic Sum Assured in addition to simple reversionary bonuses and Final Additional bonus (if any).

In case of death of the insured during the tenure of the plan, the death benefit will be payable which will be higher of the Maturity Sum Assured or 10 times the annual premium paid or 105 % of all premiums paid till the date of death.

The plan also provides regular income post the premium paying term till maturity or death thereby combining protection and income needs.

In case of death of the insured during the tenure of the plan, the Death Sum Assured which is higher of 10 or 7 times the annual premium depending on the age of the insured or the basic Sum Assured multiplied by the Guaranteed Maturity Factor is paid to the nominee subject to a minimum amount of 105 % of all premiums paid till the date of death.

The Policyholder does not have to wait till the maturity of the plan to start enjoying the profits accrued by his investment.

NRI Solutions - Vision LifeIncome Plan is an NRI life insurance plan that provides life coverage and survival benefits on a yearly basis from the end of the premium paying term till the maturity dPlan is an NRI life insurance plan that provides life coverage and survival benefits on a yearly basis from the end of the premium paying term till the maturity dplan that provides life coverage and survival benefits on a yearly basis from the end of the premium paying term till the maturity date.

So, my plan is to take that money and ignore those two policies till the maturity year, so automatically it becomes a paid up policy.

In case of death of the insured during the tenure of the plan, the death benefit payable will be higher of the Sum Assured which is the annual premium multiplied by the Sum Assured multiple or maturity Sum Assured or 105 % of premiums paid till death

* This means that if you survive till the maturity of the plan, you'd get a maturity benefit of approximately Rs. 2 lakhs and if you unfortunately pass away before the maturity term, your nominees would get the Sum Assured of 3 lakhs.

Option 2 — After 26 years, when Krishna attains 61 years of age, 7.5 % of the guaranteed maturity Sum Assured is paid every year till plan completion.

Option 3 — in case of Mr. Sharma's death during the plan term, higher of the Sum Assured on Maturity, 105 % of premiums paid till death, 10 times the annual premium or absolute amount assured payable on death is paid to the nominee.

But if he survives till end of maturity of the policies though he wont get any returns frm term plan, but he will find he has built a huge surplus to meet his obligations at different intervals.

10 % of the Sum Assured would be paid every year following death till the end of plan term and Fund Value is paid on maturity.