Sentences with phrase «policy till the time»

You must buy insurance policy till the time you have dependents depending on your income.

Deferment Period: Time between the commencing dates of an insurance - cum - pension policy till the time when the first instalment of pension is received.

Not exact matches

As an example, any policy aimed at preserving Generation's Me - me - me (aka Baby Boomers) Social Security is wildly popular right now because the Baby Boomers who benefit from it (at the expense of the next generations) comprise the majority of population, and those who will be harmed by it aren't realizing it till it will be their time to retire 20 - 40 years from now.

The policy tenure can be up to your expected retirement age or till the time you expect financial obligations will remain.

I always paid the premium on time till 2014 and surrendered these policies in June 2015 with a total surrender value of approx 2 L.

Guaranteed Renewal till the end of Premium payment Term of the base policy - No medicals at the time of renewal.

I feel that the traditional insurance products gives an insurance coverage even during the policy period and still if the investor is alive, he gets extra amount in form of Bonus + FAB which comes closer to 6 - 7 % which is an excellent option for long term (> 15 years) right whereas Term insurance is only till certain time or else the entire amount gets wasted..

For a child, the policy can be obtained anytime after he or she is three months old till the child grows until 25 years of age for a man, but in the case of women, till the time they don't get married

A life insurance policy would terminate once you die, but a child plan would continue till the time you had originally wanted it to continue, even after your death.

Death benefits to the nominee which will be higher of the fund value of your policy at the time of death or 105 % of premiums paid till then

A whole life is a policy you pay till death of the policy holder and term life is a policy for a fixed amount of time.

GA equal to 7 % per annum of BSA will accrue at the end of each policy year till the premium payment term, subject to all due premiums are paid and the policy is in - force till that point in time.

The reason why money back policy is important is that it provides funds on regular intervals after a certain period of time till the end of the policy term.

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.

Term policy provides coverage till the time you maintain the insurance and ceases if you outlive the term.

Under the former, there is no fixed policy period and benefits are provided to the insured till the time of his / her death.

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.

Comprehensive life insurance coverage — Get coverage of 10 times the annualised premium (for Limited and Regular Pay options) of base policy and get additional life cover, equal to sum of all future premiums payable under the policy till the age of 60 years, with Partner Care Rider.

In case of death of the insured during the policy period, death benefit is paid to the nominee which is highest of — 10 times of annualized premium (7 times for ages more than 45) or 105 % of all the premiums paid till the death of the insured, sum assured

Limited Pay, i.e. for a limited period of time while the policy continues till the end of the policy tenure

Assured addition of 10 % of annual premium, paid annually post successful continuity of policy more than 15 years till the time of maturity.

Insurance providers will no longer be able to just sell off the policy and forget the customer till the end of policy or claim time.

Comprehensive Life Insurance Coverage — The customer may get coverage of 10 times the annualized premium (for Limited and Regular Pay options) of base policy and get additional life cover, equal to sum of all future premiums payable under the policy till the age of 60 years, with Partner Care Rider.

After making a claim, your health insurance policy might continue till the time your entire sum insured is exhausted.

Under regular or limited premium mode option, 10 times of the yearly premium or 105 % of the total premium paid till the time of the death of the insured person, is paid to the nominee of the policy.

One of the main reasons for this was because only one - year insurance policies were being provided for two - wheelers, till recent times.

Less coverage - You always want your policy to cover you till the time you have liabilities to pay like a mortgage, or your children's college education.

On death during the policy term higher of 10 times the annual premium or 125 % of annual premiums paid till death or lumps sum amount payable on maturity

Hdfc click 2 protect they are cheaters they will take the money immediately but they wont issue the policy i have waited for four monthes policy not issued i requested to returned the money till now i did not get money also i have wrote the emails 20 times every time they will say uplode the document i have uploded the documents so many times even after that simply they will say uplode the docs this the worest company HDFC.

In case his death happens immediately after paying 7th annual premium, i.e. when he has turned 41 years old, his nominee would start receiving Rs 80,000 every month in the 7th policy year, which will increase every subsequent year, at a simple rate of 10 % of the monthly payout chosen at inception, till such time when Jeevan would have attained 60 years of age.

Death Benefit: The policy covers the insured till 100 or 85 years of age and in case the insured dies within policy term, the nominee shall be eligible for a sum assured payable on death that is higher of sum assured on maturity or 11 times annualized premium or 105 % of all premiums paid till the date of death

The policy tenure can be up to your expected retirement age or till the time you expect financial obligations will remain.

Classic Waiver: Death benefit will be higher of sum assured or 105 % of all premium paid till the date of death plus future premium will be paid by the company as policy remains active plus fund value will be paid at the time of maturity

A one - time bonus, insurers may declare it for those policy holders who have stayed loyal till the plan maturity and not surrendered the plan mid-way.

Policy term is for 20 years, subsequently it will continue next 12 years as I got 12 policies, one of my relative is a LIC agent so blindly I took it, I paid one premium 28900 (as 15 % discount in 1st year), Can you please suggest me if I should drop at this point of time / should continue till 3 years to get withdraw this paid amount.

The main feature of LIC's New plan — Jeevan Umang is it provides annual Survival Benefits from the end of the PPT (Premium Paying Term) till policy maturity and also pays lump sum amount at the time of maturity (or) on death of the policyholder (during the policy tenure).

Special Units — Special units are added to your fund after the 12th policy year till the time of maturity.

A stand - alone health policy covers you irrespective of your employment status, till the time you pay your premiums, just like a life insurance plan.

It is a one time bonus that the insurer declares for the policyholders who have carried their policy till the end of the term.

It is a one - time bonus that the insurer may declare for policyholders who have run the policy till its original term.

The plan provides for annual survival benefits from the end of the premium paying term till age 99 and a lump - sum payment at the time of maturity or on death of the policyholder during the policy term.

I have Jeevan Anand policy with paying yearly 42K and till now i have paid 9 times.

Policy Account Value, or Basic Sum Assured, or 105 % of all the premiums paid till the time of death, excluding any extra premiums (if any) of the individual member shall be paid.

Guaranteed Renewal till the end of Premium payment Term of the base policy - No medicals at the time of renewal.

a) Total policy cost if lapsed policy is revived The person would have to pay: (i) One - time payment comprising unpaid premiums for 2 years and late fee equalling Rs 7,799 (ii) Total amount of next 6 premiums till policy matures: Rs 21,822 (Rs 3637 * 6) Total cost of reviving policy and holding till maturity equals (i) plus (ii): Rs 29,621 (including late fee).

However the surrender value is very less as compared to the premiums paid till that time towards the policy.

A waiver of premium rider allows the policy to continue even after the death of the policyholder without paying any premium till the maturity date and the child receive both the death benefit (at the time of death of the policyholder) and the maturity benefit (at the time of maturity of the policy).

In case of survival of the life insured till end of the policy term, return of single premium plus guaranteed one time addition (as applicable), is payable.

Many of us must know that till the time you are associated with the insurance company you need to pay the premiums typically known as regular premium pay life insurance plans.For a regular pay premium payment term is equal to the policy term.

So, if an insurance policy states a death benefit will be higher of 10 times the annual premium or 105 % of the total premiums paid till date or the sum assured, that will be first calculated to arrive at the sum assured on death and then the formula for paid - up sum assured will apply on this base sum assured.