Sentences with phrase «premium installments»

However, if you have purchased this rider, all the future premium installments will be waived off (insurance company will pay the premium on your behalf).

These premiums, like other premium installments, will get invested and the beneficiary will receive the accumulated fund value at maturity.

You can make the payments the way you want such as with yearly, half - yearly, quarterly and month to month premium installment modes.

Senior insurance over 80 policy is the least costly ways to buy a substantial funeral benefit on a protection amount per premium installment basis over a specific time interval.

Furthermore, the insurer will waive off the future premium installments to keep the maturity benefits intact.

The death benefits with Reduced Paid - Up value shall be the sum assured on death multiplied by the ratio of the number of premium installments paid to the total number of installment premium payable.

At the end of the policy term, you (policyholder) will get guaranteed survival benefit which is the sum of premium installments paid over the payment term.

Similarly, you make the policy paid up if total of paid up maturity benefits and investment of remaining premium installments results in a value that is higher than Rs 13.86 lacs.

Proceeds from that term plan could have provided for premium installments even after your demise.

Meanwhile, in case of an eventuality, the plan guarantees to pay maturity benefits, without paying further premium installments.

Dear Prasanna, You have already paid so many premium installments.

A deferred annuity can be paid with a single premium or multiple premium installments and at a later date, paid out as income payments back to the annuitant (along with earned interest).

You surrender the policy if the investment of surrender value along the remaining premium installments gives a value higher than Rs 13.86 lacs.

You surrender the plan and invest the surrender value and the remaining premium installment into an investment product say PPF or mutual funds.

Reduced paid up sum assured: The reduced sum assured is calculated as follows; it is the number of instalments paid divided by the total number of premium installments multiplied by the sum assured.

As I understand, you would have already paid 4 premium installments worth Rs 1.15 lacs each.

How many more premium installments to be paid?

We are pleased to announce adult online dating Raleigh employers now have the option to schedule payments for premium installments.

Dear Jai, When you make the plan paid up, you do not have to pay any further premium installments.

Under the «Wealth Plus» variant, if waiver of premium is opted and has already been triggered under the policy, then, on termination of policy, the present value of future waiver of premium installments, discounted at 4 % p.a., shall be paid.

All the premium installments already paid should be considered Sunk Costs i.e. the cost that has already been incurred and can not be reversed.

You have paid all the premium installments.

So, forget about the premium installments already paid.

If the insured survives till the maturity date, then the minimum guaranteed Sum Assured as on maturity shall be multiplied by the ratio of the number of premium installments paid to the total number of premium installments payable.

Under «Wealth Plus» variant, if waiver of premium is opted and has already been activated under the policy, then, the present value of future waiver of premium installments, discounted at 4 % p.a., shall be paid on termination of policy.

However, you have already paid half the premium installments.

In any ULIP (unit linked insurance plan), a part of your premium installment goes towards providing life cover (mortality charges) and the remaining amount is invested in a fund.

Hi Kaushal, As I understand, you have paid just one premium installment.