Sentences with phrase «premium amount»

The phrase "premium amount" refers to the specific sum of money that needs to be paid for an insurance policy or a subscription. It is the cost you have to pay in order to obtain the specific service or coverage. Full definition
However, you may be required to pay extra premium amount for the same.
Some forms included the monthly premium amount of the second lowest cost Silver plan for 2015 instead of 2014.
Other Important extension covers are also available basis additional premium amount paid as per plan.
Guaranteed Pension premium amount indicates the minimum premium or maximum premium one can pay towards their insurance plan.
Payment of previous insurance premium amount in full to avoid instalment fees or interest is a factor to get best rates.
You want to evaluate all of these items instead of simply making a decision based on premium amounts because these things combined are what comprise the true value of a policy.
So, on choosing add - on covers, you need to pay higher premium amount as the coverage for the policy is also increased.
In simple terms, the insurance premium amount for a 1000 CC engine vehicle would be lesser than that of a vehicle with 1500 CC engine.
Your home's age, location and building materials are taken into account when determining premium amounts.
To start out with the lowest premium amount for coverage, compare a few policies to find the most affordable one.
Also you must take into account the tax benefit of up to Rs 15,000 (Rs 20,000 for senior citizens) you get on the annual premium amount on the health insurance policy.
Since teen drivers typically have less auto driving experience than those older than them, providers often offer the teens higher premium amounts because of the increased risk for accidents.
However you can still save premium amount by comparing car insurance premiums from multiple insurance companies.
There is also a discount available on the total premium amount if the insured chooses to pay his premiums annually.
This type of life insurance allows for a consistent, never changing premium amount in addition to coverage that will never decrease in amount.
Grace period: If the insured fails to pay his monthly premium amount on the due date then he is allowed a 15 days grace period for payment of his premiums.
You can take the Policy for a continuous period of two years and get a 5 % discount on the total premium amount of 2 years.
If the customer is a smoker, he / she can avail this plan with additional premium amount as declared.
Pay or transfer a single premium amount from other financial institutions and receive regular income payments — for you and your spouse, if you choose.
So the company reduces that costs from the customer's premium amount which makes the term plan economical and cheaper for customers.
Since life insurance is less expensive the younger you are, we recommend you start contributions at an affordable reduced premium amount while waiting to gain access to your qualified plan assets.
It is designed to provide a set premium amount based on the agreed upon coverage and this rate rises after the first few years (5 - 10).
Minimum premium amounts for various premium payment frequencies are as follows: 1.
The base premium amount remains constant during the entire duration of the policy and only the tax component can change and will be as per the prevalent Tax laws.
These plans on maturity would pay you back the entire premium amounts paid till the end of policy, provided the insured sees the term through.
A higher coverage amount will require your insurance company to pay extra so they demand more premium amount from you.
: The total premium amount due on an annual basis to meet the contractual requirements of a policy and to keep it in force.
Your occupation also plays a key role in determining the term plan premium amount.
One has to be capable of paying the decided premium amount at required frequency and this will insure his life.
These term life policies offer a fixed premium amount in return for a certain amount of protection.
The regular premium amount payable is calculated based on the type of plan, the sum assured, and the age of the life assured.
Therefore, once insured locks in, he or she could essentially pay the same premium amount for life.
In the next screen, provide basic details and calculate premium amount as per your desired sum assured value.
In case, your annual premium amount goes out of this limit, the difference is taxable.
If your record is clean with no accidents or other offenses, providers will be much more likely to offer you lower premium amounts because you are considered a safe driver.
This plan provide various discount options like less premium amount depending on premium payment frequency, in case female life insured and off course for higher sum assured value.
So the policyholder should choose the company that provides the return of the entire policy premium amount that is paid by the policyholder under the tenure of the term insurance plan.
The annual mortgage insurance premium amount varies with the size of your down payment.
While offering the protection you need, these companies require you to pay lesser premium amounts, also reducing the policy fees for the combined protection.
Silver, Gold, and Platinum plans provide different benefits and premium amount also differ in the plans, so one need to choose the plan wisely.
My Life Plus premium amount indicates the minimum premium or maximum premium one can pay towards their insurance plan.
It offers 4 types of funds with limitless maximum premium amount.
As a put writer, the profit you can earn is limited to the put premium amount received but the loss you can face is unlimited.
* Above premium amounts may vary as per the premium paying frequencies options and underwriting rules applicable.
This final premium amount does not include any extra amount or taxes.
These policies provide affordable life insurance protection, along with a guaranteed level premium amount during this initial term period.
You can buy a term life insurance policy in high amounts for a smaller premium amount compared to permanent life insurance policies.
In general, insurers charge different premium amounts in accordance to the risk profile of the person taking the policy.
The main drawback of option B is the combination of a lower starting death benefit and a higher initial premium amount.
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