Sentences with phrase «policy guarantees the sum»

Term Insurance: This type of policy guarantees the sum assured in case of death of the insured during the term of the policy.

Term Insurance: This type of policy guarantees the sum assured in case of death of the insured during the term of the policy.

Not exact matches

A whole life policy pays a guaranteed lump sum death benefit to your beneficiary.

Single - premium whole life (SPWL) is a type of life insurance in which a single sum of money is paid into the policy in return for a death benefit that is guaranteed to remain paid - up for the remainder of your life.

Life insurance is a contract between you and a life insurance company to guarantee your survivors a sum of money upon your death, provided that all of the premiums are paid and the policy is still in force.

A Single Premium policy is the one in which the premium amount is paid in lump sum at the beginning of the policy as a return for the death benefit which is guaranteed to be paid up until the death of the policyholder.

The policy has a risk free component under which a certain sum is assured, some endowment policies may also include profit component but that is not guaranteed.

2 The adjusted total premium is the initial single premium plus any underwritten increases, less any partial surrenders and any applicable surrender charges in excess of policy gain and any loans and accrued loan interest, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value.

A lump sum of money is paid into the policy in return for a death benefit that is guaranteed until you die.

Though it is child education plan, it also guarantees an immediate lump sum payment on the policy holder's death.

All unit - linked insurance products (Ulips) will have to provide a minimum death benefit, which will have to be at least equal to the guaranteed minimum sum assured, plus the balance in the unit fund or policy account.

You pay a premium and in return the insurer guarantees to pay your beneficiary a lump sum of money if you die while the policy is in effect.

The Future Generali Life Insurance Care Plus Plan is a pure play term policy that offers a guaranteed sum assured on the unfortunate demise of a policyholder.

Endowment insurance policies guarantee that a sum of money will be given to you or your beneficiaries whether you live until the insurance policy matures or you die early.

A life insurance policy is designed to pay out a cash lump sum if the person (s) insured dies during the term of the plan; this will guarantee that the beneficiaries will not be faced with financial difficulties even though they now face a loss of income.

The plan offers a guaranteed cash back of 10 % of sum assured every year for the last five years of a policy and 70 % of sum assured on maturity.

This is the only guaranteed part of the endowment policies that you will get the assured sum on the policy maturity date or before in case of early death of the insured.

• Annuity for joint lives (return of Single Premium on the demise of the last alive Annuitant): A fixed sum guaranteed at the very beginning of taking the policy will be paid to the policyholder throughout the lifetime of even single the annuitant.

In case the insured dies after the completion of first 5 years of the policy, the nominee of the policy receives the basic sum assured + accrued guarantee addition + simple reversionary bonus + final reversionary bonus (if any), which can be paid as a lump - sum or as an annuity, or as a combination of two.

Maturity benefit: On the maturity of the policy, both guaranteed additions and loyalty additions are paid out along with the lump sum assured.

In the unfortunate event of the child's death during the policy tenure, the sum assured along with the guaranteed additions are paid out and the policy terminates.

Death Benefit - In case of the demise of the insured within the initial 5 years of the policy issued date (i.e. before the vesting date), a basic sum assured plus accrued guaranteed addition in paid to the policy beneficiary either in a lump - sum or as the annuity or as a combination of two.

Maturity Benefit - If the policyholder survives the entire tenure of the policy, then a maturity benefit as the sum of the guaranteed maturity benefit + vested bonus + interim bonus is paid after the completion of the policy tenure.

If you have a traditional policy that pays a lump sum amount or have a guaranteed income plan that makes payments after every few years, then it's time you choose a plan that ensures your family and loved ones receive a monthly income to help them pay for the living expenses.

The insured gets a guaranteed 25 % of the sum assured each year in policy anniversaries during the last 4 years, irrespective of insured's survival.

You may also choose a policy with a guaranteed death benefit, which means your family is guaranteed to receive a lump sum of money in the event of your passing.

All life insurance policies work on the same basic premise; make payments, called premiums, to the insurance company, which guarantees to pay chosen beneficiaries a sum of money upon the death of the insured.

In choosing the right insurance policy, you are faced with the option of either a Traditional Insurance Plan, offering a guaranteed minimum sum assured, or a Unit Linked Insurance Plan (ULIP), which now comes with a minimum non-zero guaranteed rate of return, usually at around 4.5 %.

You won't have premium hikes when you pay with a lump sum, and a policy with a limited number of payments might even guarantee the premiums will stay the same.

Basically, you paid a high premium up front in a lump sum and got a certain amount of guaranteed life insurance — it was kind of like a whole life policy that only had to be paid for once.

For example, if you die within the first 2 years of purchasing Colonial Penn's guaranteed acceptance policy, your beneficiary just receives the sum of your premium payments plus 7 % interest compounded annually.

The 50 % Death Benefit guarantee means that regardless of what happens with the SPIA policy, one - half of the initial premium will go to the beneficiaries in a lump sum.

You pay one lump sum to get a paid up life insurance policy with a guaranteed death benefit.

Single - premium life (SPL) is a type of insurance in which a lump sum of money is paid into the policy in return for a death benefit that is guaranteed until you die.

In case of survival of life assured during the policy term, Guaranteed Cash Backs as percentage of sum assured are paid after premium payment term till maturity, provided all due premiums have been paid.

If you have a variable universal life policy, the insurer will move the loan collateral (a cash sum equal to your loan amount) out of your investment fund and into a guaranteed or fixed fund.

So, in case the insured dies while the policy is active the beneficiary can claim complete or at least the guaranteed maturity sum whichever is higher., The guaranteed maturity value is calculated based on gender, age, tenure and amount of premium.

On death of the Life Assured during the policy term sum assured with guaranteed accrual additions will be paid.

This policy has a guaranteed level death benefit that remains level for the entire 20 year duration that can be paid out either in a lump sum or in the form of a monthly income when the insured dies.

Offers guaranteed sum assured on maturity equal to the sum assured would be paid to the policy holder

buyer pays for a long term **** 30 - 35 years ******* and if incase he / she expires in the 34th year of the policy tenure... Whats the guarantee that these small private companies will survive and nominee's family will get the claim sum - assured and family will not be in a lost situation...

Gets sum of Base Sum Assured, Accrued Guaranteed Additions, Vested Reversionary Bonuses and Terminal Bonus, if any, at the end of the Policy Term

In case of death of the insured during the policy period, higher of the base sum assured or 105 % of the total premiums paid plus guaranteed additions on the amount of the premiums are offered to the nominee

Sum assured: 10.67 lakh Policy term: 25 years Annual premium: 45000 Maturity value: 13.67 lakh approx at time of maturity guaranteed, plus an annual pension of something between 50000 to 1 lakh claimed till death plus 10.67 (sum assured) at death to nominee.

This is the only guaranteed part of the endowment policy that you will get the assured sum on the policy maturity date or before in case of early death of the assured.

You have to pay premium for few years and you get guaranteed benefits like regular income at an attractive rate of 11 % - 13 % p.a., lump sum amount on maturity and life cover throughout the policy term.

Single premium life insurance is defined as an insurance policy in which a lump sum is paid up front in order to guarantee a death benefit payment to the policy's beneficiary (or beneficiaries).

You have to pay the premium for a few years and you get guaranteed benefits like regular income lump sum amount on maturity and life insurance cover throughout the policy term.

A non linked participating plan offering Non-Guaranteed Cash Bonuses, Guaranteed Survival Benefits, and a lump sum at the end of the Policy Term

Endowment policies are meant for those looking for regular savings with a 100 % guarantee on their investment, those who require a lesser sum assured, and a lump sum amount at a particular age.