Sentences with phrase «policy maturity period»

The policy has many benefits like maximum expenditure is given by the company after policy maturity period.

If the insured dies early, that is before the policy maturity period, his beneficiaries will receive the lump sum assured by the insurer.

If the insured dies early, that is before the policy maturity period, his beneficiaries will get the lump sum assured by the insurer.

Not exact matches

Extended Life Cover Period is the number of years equal to half of the Policy Term, commencing from the Maturity Date.

and Sum Assured on Maturity as Maturity benefit at the end of the Policy term in case the Life Insured survives till that period and all premiums have been duly paid.

A percentage of the Sum Assured on Maturity will be paid during the Maturity pay - out period starting from the end of the Policy Term till the end of the 19th year.

Anytime during the Flexi benefit period, you can decide to pre-pone the Maturity benefit of your policy and enjoy the full benefits due in the Policy (i.e. 100 % of Sum Assured plus accrued bonus till date plus terminal bonus (ifpolicy and enjoy the full benefits due in the Policy (i.e. 100 % of Sum Assured plus accrued bonus till date plus terminal bonus (ifPolicy (i.e. 100 % of Sum Assured plus accrued bonus till date plus terminal bonus (if any).

This option can provide money if you terminate your policy or access the cash value you've accumulated, as long as you wait out any imposed maturity period.

You have very long term insurance policies liek 20,30 years then other option is to reduce the maturity period from 20 to 10 years and then let it convert into paid - up policy.

This plan provides coverage only for limited period thus the benefits of this policy can be used only for minimal period and after the maturity times you are not eligible for any profits or allowances.

It is required in original at the time of any claim during the policy period or at the time of availing of the maturity benefit of the policy (if any).

In case you survive the policy period, there will be no maturity benefit i.e. nothing is returned to you.

Saving for the future: An endowment policy, in particular, ensures that the policy - holder saves regularly over a specific period of time so that they will receive a lump sum amount on the policy maturity in case they survive the policy term.

This policy can be surrendered any time before maturity, even within the initial 5 year lock - in period.

The product guarantees return of life cover charges on maturity of the policy as a reward to the policyholder, for outliving the maturity period and achieving life goals.

These policies come with a specified maturity period, which is pre-decided by the insurer.

During the settlement period, i.e. if, after maturity of the policies, settlement option is selected, policy administration charge of Rs. 40 per month will be deducted.

I took a policy to myself and to my wife under LIC New Endowment Plan on 20/10/2014 with a monthly premium of RS. 13400 & 5354 respectively & maturity period of 15/10/2030, I done only single payment (Monthly Payment) only for this policies.

The policy period can be anywhere between 5 to 40 years as per the current age and the maturity period opted.

Recently one person from Max Life suggested me to take «Max Life Life Perfect Partner Super» policy for both of us as it will give «Yearly bonus» from the next year onwards and good «Return on Investment» after Maturity period.

You have very long term insurance policies liek 20,30 years then other option is to reduce the maturity period from 20 to 10 years and then let it convert into paid - up policy.

If a policyholder decides to withdraw his Endowment policy before the maturity period is over, it is called surrendering the policy.

The policyholder may revive a policy by the payment of the due premium (s) at any time within a period of 30 days from the date of receipt of the revival notice but before the maturity date of the policy subject to satisfactory medical and financial underwriting.

This pension policy can last for a period of 5 - 35 years and you can choose either a deferred annuity or immediate annuity on maturity.

Maturity Benefit — If the Life Insured survives the maturity of the Policy with all premiums paid, they receive a Guaranteed Payout as a percentage of the Sum promised during the Maturity Payout Period, and 100 % of the Sum which is certain to be paid on maturity, is paid at the end of the 20Maturity Benefit — If the Life Insured survives the maturity of the Policy with all premiums paid, they receive a Guaranteed Payout as a percentage of the Sum promised during the Maturity Payout Period, and 100 % of the Sum which is certain to be paid on maturity, is paid at the end of the 20maturity of the Policy with all premiums paid, they receive a Guaranteed Payout as a percentage of the Sum promised during the Maturity Payout Period, and 100 % of the Sum which is certain to be paid on maturity, is paid at the end of the 20Maturity Payout Period, and 100 % of the Sum which is certain to be paid on maturity, is paid at the end of the 20maturity, is paid at the end of the 20th year.

Endowment insurance is a type of a life insurance policy through which you can get a lump sum amount after you reach the specific period of maturity.

However, the policy is useless if the policyholder survives the insured period as there is no maturity benefit.

An endowment plan is a life insurance policy that provides life coverage along with an opportunity to save regularly over a specific period of time so that they can receive a lump - sum amount on the maturity of the policy.

They pay back as a lump sum on maturity the sum assured and bonuses declared during the policy period.

There is different policy duration including 5, 10, 15, or 20 year maturity period.

The cheapest plan available in the market, term plans offer the customer a benefit only if he dies during the policy period and there is no maturity benefit under the plan.

When the policy reaches a Maturity period, Guaranteed Maturity SA along with accrued Paid - up Additions and Terminal Bonus are paid.

As a with - profit endowment assurance plan the policy accumulate profit made by LIC through the final additional bonus and simple reversionary bonus and these add - on bonuses are paid out at the termination of the maturity period.

Maturity Proceeds can be availed in equal instalments over a period of 5 years, after the policy matures, through the settlement option.

The policy term chosen can be changed in the sense that the maturity date can be pre-ponded if required subject to the following time period

If you have completed the maturity period of the policy, then an incentive is given to you by your insurer as the loyalty addition, for keeping the policy active throughout the tenure of the policy.

To sum up, an endowment policy is essentially a life insurance policy, which in addition to covering the life of the insured, also helps him or her save regularly over a specific period of time so that he or she receives a lump sum amount at maturity in the event of him / her surviving the policy term.

Regardless of the survival of the policy holder, a lump sum amount is paid out at the end of the maturity period.

This means that the policyholder will receive a survival benefit in the fifth, tenth and fifteenth years of the policy period and the rest on maturity at the end of 20 years.

At the end of your policy period, you will get a maturity benefit, which will include all the premiums you have paid till date, plus revisionary bonus and terminal bonus.

10 % of Sum assured benefit after death till maturity period and at the end of policy Sum assured + vested bonus + FAB is beneficial to the customer.

Annual Payout — A fixed amount equal to 5 times the Monthly Payout is payable at the end of every policy year during the payout period and will not be payable during the last policy year (at maturity).

Maturity benefit: In case the policyholder survives the policy period, then the sum assured as the maturity benefit is paid along with any simple revolutionary bonuses as well as final additional Maturity benefit: In case the policyholder survives the policy period, then the sum assured as the maturity benefit is paid along with any simple revolutionary bonuses as well as final additional maturity benefit is paid along with any simple revolutionary bonuses as well as final additional bonuses.

Surrender value of LIC Limited Period Endowment and Saral Pension Plan is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

The sum assured is paid to the policyholder on the maturity of the policy or given to the nominees if the unfortunate happens and the insured does not survive the policy period

The Maturity Benefit can be availed in instalments over a period of 5 years after the end of the policy term.

Once the policy's maturity period is over, the policy holder is paid regular chunks of returns on a regular basis.

Surrender value of LIC Limited Period Endowment and Click2Retire is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

: In this type of term insurance the insured has the option of renewing the policy after its maturity (i.e. if an insured does not die during the term for which the insurance is taken he has the alternative to renew it after that period).

Being with the Profits Endowment Assurance plan, this policy collects profits made by the Life Insurance Corporation of India through the Simple Reversionary Bonus and Final Additional Bonus (if applicable) and these are paid out at when the maturity period finishes.