Sentences with phrase «premium as the lump sum amount»

** Policy holders above age 45 years at start of policy have an option to select 7 times the annualized premium as the lump sum amount.

Not exact matches

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have been paid.

The premium could be paid to the life insurance company as a lump sum, an annual or semi-annual payment, or monthly amount, for example.

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 company not only pays a lump sum assured at the time of your death, but it also pays back all the premiums you paid as the maturity amount.

The changes included limitations on the amounts that can be drawn in the first year, the option to receive a smaller one - time single lump sum disbursement, as well as changes to the mortgage insurance premium, the principal limit factor tables, and requiring a financial assessment of borrowers» ability to pay future property taxes and insurance obligations.

Life insurance policy is a contract between the insurers or insurance provider wherein a lump sum amount is promised as a death benefit to the beneficiary in the event of the policyholder's death, provided the policy was active and the premiums were paid till the insured's death.

The premium could be paid to the life insurance company as a lump sum, an annual or semi-annual payment, or monthly amount, for example.

In case you have enough money lying idle or if you receive a huge amount of money as lump sum, you can opt for one time premium.

The fixed amount paid by latter to the former is referred to as the premium payment and the lump - sum amount paid to the nominee in the event of the death of the latter if referred to as the death benefit.

Under the same, a policyholder pays a definite amount to the insurer which is known as premium, regularly or in a lump sum.

A lump sum premium is required to be paid to the insurance provider and as per that premium; a set amount is available to the policyholder.

Aviva Wealth Builder: It is designed in a way that that doubles the total amount of premiums paid and provide returns it as a lump sum at maturity KNOW MORE

However, she finds some solace when she receives the lump sum amount of Rs 3,30,076 as death benefit, which is calculated as higher of Sum Assured on Death or 105 % of premiums paid (excluding any extra premium).

During premium payment term: The nominee or legal heir will receive the sum assured as a lump sum amount will be paid.

You also have an option to pay a lump sum amount once as single premium and enjoy benefits for the full policy term.

Do not take this lump sum amount as substantial, because, usually the major part of premium for such plans goes towards building the corpus of pension funds.

Subject to the provision of this section, for each relevant previous year, a deduction will be allowed that will be equivalent to a fraction of the lump sum amount paid (for more than an year) as insurance premium payout to keep the health insurance in force.

Flexibility of paying premium amount in one go or a lump sum amount or regular premium as per your suitability

This is because in case of one - time or annual premium payments, the insurance company saves on administrative costs and also gets a lump sum amount in advance for the full year, as opposed to the quarterly or monthly payment options.

Few companies asks same premium amount irrespective on the type of payout, but some companies may offer a lower annual premium when you opt for a lump sum benefit as compared to the staggered monthly payouts.

A premium waiver benefit offers such an offering where the insurer pays for the premium costs if the policyholder expires during policy tenure and also pays out a death cover as a lump sum amount to the child on maturity.

Death benefit: In case of the death of the policyholder, the family of the of policyholder receives a lump sum amount as long as the policy term continues, which is 250 times the premium paid on monthly basis along with the loyalty additions.

In the unfortunate event of death of the policyholder or parent invested in a child plan, future premiums are waived off while the child receives a lump sum beneficiary amount as life cover along with maturity cover benefits at the end of policy tenure.

Life Cover: If the policyholder dies during the policy term, the death benefits shall be paid to the nominee as a lump sum amount and future premium will be paid off and shall be paid by the company itself.

It is a traditional life insurance plan that doubles the premium amount you paid totally and then return it as a lump sum on maturity which is again guaranteed

Step 3: Here, you need to mention whether you want your family to receive the policy proceeds as a lump sum, or Level / Increasing monthly income or Return of the premium amount at maturity.

Insurance companies offer various pension plans (also called as retirement plans or annuity plans) where a person has to initially invest either a lump sum amount or regular annual premiums over a period of time.

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have been paid.

He finishes paying the annual premiums and receives a lump sum amount of «1, 00, 000 as a pay out at the end of the year

This lump sum amount is the highest of 125 % of annualized premiums paid (as on the date of death), 10 times of annualized premium, or Lumpsum amount available at maturity.

Deferred Annuity: This plan allows you to pay premiums regularly (till the vesting stage) or even as a single lump sum amount.

These payouts could serve as a second income and also help in paying his child's school expenses.The lump sum amount that he will receive at the end of the 20th year could be used for his daughter's higher education expenses.In case of the unfortunate event of his death before the maturity of the policy, his family will get higher of 100 % of Sum Assured or 105 % of the Premiums paid or 11 times the Annualised Base Premium.

If someone have a lump sum amount he / she can easily opt for this plan through investing one time as a single premium.