b) Death Benefit: On the death of insured, the nominee would be paid assured death benefit of total
premium paid to date accumulated at a guaranteed rate of 6 % per annum compounded annually.
On the death of the life assured, the nominee will receive the death benefit which is the assured Death Benefit of total
premiums paid to date accumulated at a guaranteed rate of 6 % per annum compounded annually.
In case of death of the Annuitant within the Policy Tenure, the nominee will receive the Total
Premiums paid to date accumulated at a Guaranteed Rate of 6 % p.a. compounded annually as Death Benefit which can be taken by the nominee as a lumpsum or as annuity and the policy terminates.
Not exact matches
Tax benefits can be availed on
premiums paid — investors can receive up
to 1 / 3rd of the
accumulated value on retirement
date as a tax - free lump sum as per prevailing income tax laws
• Receive Cash — Generally payable annually in the form of a check on the anniversary
date of the policy • Use Towards
Premiums — Instead of taking the dividends as cash, you can apply the money towards your policy premiums • Let Dividends Accumulate — Means that you accumulate your dividends as interest and can withdraw anytime but will be required to pay taxes on any interest accrued • Buy Paid - Up Options — Means that you can use the dividends to buy additional life insurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a separa
Premiums — Instead of taking the dividends as cash, you can apply the money towards your policy
premiums • Let Dividends Accumulate — Means that you accumulate your dividends as interest and can withdraw anytime but will be required to pay taxes on any interest accrued • Buy Paid - Up Options — Means that you can use the dividends to buy additional life insurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a separa
premiums • Let Dividends
Accumulate — Means that you accumulate your dividends as interest and can withdraw anytime but will be required to pay taxes on any interest accrued • Buy Paid - Up Options — Means that you can use the dividends to buy additional life insurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a sepa
Accumulate — Means that you
accumulate your dividends as interest and can withdraw anytime but will be required to pay taxes on any interest accrued • Buy Paid - Up Options — Means that you can use the dividends to buy additional life insurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a sepa
accumulate your dividends as interest and can withdraw anytime but will be required
to pay taxes on any interest accrued • Buy
Paid - Up Options — Means that you can use the dividends
to buy additional life insurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends
to buy a 1 year term life insurance policy which would be provided as a separate rider
These policies act like Term, in that the death benefit is
paid out simply because you've kept your
premiums up
to date, not because they've
accumulated a cash value...
Total
premiums paid (i.e. Regular Premiums Paid plus Top - Up Premiums paid) to date accumulated at a guaranteed rate of 6 % per annum from the each of the premium due dates to the date o
premiums paid (i.e. Regular Premiums Paid plus Top - Up Premiums paid) to date accumulated at a guaranteed rate of 6 % per annum from the each of the premium due dates to the date of de
paid (i.e. Regular
Premiums Paid plus Top - Up Premiums paid) to date accumulated at a guaranteed rate of 6 % per annum from the each of the premium due dates to the date o
Premiums Paid plus Top - Up Premiums paid) to date accumulated at a guaranteed rate of 6 % per annum from the each of the premium due dates to the date of de
Paid plus Top - Up
Premiums paid) to date accumulated at a guaranteed rate of 6 % per annum from the each of the premium due dates to the date o
Premiums paid) to date accumulated at a guaranteed rate of 6 % per annum from the each of the premium due dates to the date of de
paid)
to date accumulated at a guaranteed rate of 6 % per annum from the each of the
premium due
dates to the
date of death.
If the policy holder stops
paying the
premium after 5 years, then the
accumulated policy fund amount till the
date of discontinuance shall be
paid to the policy holder and the policy will terminate immediately.
You stop
paying the
premium after 5 years - If the policy holder stops
paying the
premium after 5 years, then the
accumulated policy fund amount till the
date of discontinuance shall be
paid to the policy holder and the policy will terminate immediately.