Sentences with phrase «policy term»
The phrase "policy term" refers to the specific period of time that an insurance policy is in effect. It is the duration during which the policyholder is covered by the insurance and can make claims if needed. Full definition
The plan also offers loan after just one year of policy term for any liquidity needs.
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You can start as early as 18 years with a maximum policy term of 40 years.
15 years and 25 years are the minimum and maximum policy terms for this plan, respectively.
If the insured person dies during policy term then the company is liable to pay the minimum of 105 % of total premium on that date of death.
Policy term details for this plan are given below.
Term Plan details also include information about policy term and whether the plan can be bought in a group.
This plan is for a minimum policy term of 7 years and can go up to 30 years.
* Age Last Birthday # offers running terms between minimum & maximum policy terms in the interval of 1 year.
Receive guaranteed income for 12 years after the end of policy term as per your life insurance plan option.
I guess it is 24 year policy term in your case.
Option to choose policy term as 12, 15 or 18 years while the payment term can be 6, 8 or 10 years.
The plan provides coverage for entire policy term and also gives an option to enhance the protection by opting for riders.
Based on policy term benefit may vary between 110 and 125 percent related to sum assured with rider benefits.
Other charges, like on surrender and withdrawal will remain implicit throughout policy term.
Information on Term Plan policy term and returns can be found on details.
Did you know you don't have to wait until your car insurance policy term ends to switch insurance companies?
We have a privacy policy term also for our members and users to make their experience safe and secure.
Policy options are available in 17 different policy term lengths from 10 — 30 years.
If the policyholder dies after policy term and after the commencement of the installments: Only the installments will be paid to the nominee.
The date that your current insurance policy term expires and the date that your renewed policy starts.
The enhanced product includes an increased limit of $ 40,000 per policy term for all identity theft expense claims.
He argued that politicians should not be put off doing the right thing in policy terms by the prospect of unrest by hardcore leave voters.
When policy term is completed, you get some fixed returns and extra benefits mentioned in your policy.
Policy terms range from 1 month to 10 years, allowing international travelers to insure almost any trip.
In an endowment plan, if a policyholder dies during policy term then beneficiaries will get the benefits in the form of sum assured or bonuses.
The face amount that you choose is guaranteed to always remain the same throughout the entire policy term period.
Tip 8: The insurance policy term which you choose should be according to the financial requirements of your child at different stages of his life.
Read policy terms carefully, and compare several plans before making a final decision.
You can opt for policy term options of 5, 10, 15, 20 and 25 - year basis your requirements.
Check with your insurance policy terms before taking an international trip.
The enhanced death benefit premium are calculated based on the increasing sum assured and the remaining policy term.
Policy term = 25 years — age of entry in the plan in years.
If you will buy a life insurance policy at an early stage, you will get the benefit of compounding and will be able to accumulate higher sum because of longer policy term.
The plan provides fixed policy terms of 16 years and 18 years for which the customer would pay the premiums for 10 years and 12 years respectively.
Information on Pension Guarantee policy term and returns can be found on details.
The total policy term extends on to 35 years.
Information on Guaranteed Pension policy term and returns can be found on details.
It varies from insurer to insurer and depends on the age of the child, but the average policy term offered is between 5 years to 20 years.
Comparing various child plans will help you to buy a plan that ensures the longest policy term at lowest prices.
However, as discussed, you can make the most of the plan by remaining invested for the entire policy term so that your money can reap the benefits of compounding.
Before you buy, it is important to ensure you understand policy terms and coverage options.
Information on Future Income policy term and returns can be found on details.
It's important to understand the various types and levels of protection available and the charges for each option, so always ask your moving company to provide the specific policy terms in writing.
Despite the short policy term, it is wise to make true and full disclosures on a term life insurance application, even if doing so translates to paying a higher premium.
Please note it is always advisable to pay premiums for the full premium paying term and stay invested for the full policy term in order to enjoy maximum benefits.
Information on Guaranteed Income Advantage policy term and returns can be found on details.