Sentences with phrase «premiums after deduction»

ULIP funds are basically the invested portion of premiums after the deduction of all the charges and premium for life coverage.

The final amount is your premium after deduction of charges.

3) Child Unit Linked Insurance Plan — Max New York Life Smart Steps Plus In this plan the investment risk is borne by the insured as he chooses where his premium after deductions should be invested.

The customer will be paid back the premium after some deductions like stamp duty, medical reports and proportionate premium for the period for which the risk was covered.

Not exact matches

If the deduction for medical expenses disappears as proposed in the House Republicans tax bill, the ability to write off long - term care premiums would end after this year.

This deduction does not extend to premiums paid after 2014.

Iowa allows a deduction in full for health insurance premiums paid with AFTER - TAX * dollars.

In addition to after - tax health insurance premiums that you pay (not those paid by your employer or paid by you from a pretax payroll deduction), you generally can deduct the cost of dental work, eye care (including reading glasses, prescription eyeglasses, or contact lenses), non-traditional medicine, and medically related transportation.

In the next post, we'll dive into the deduction Iowa allows for health insurance premiums paid with after - tax dollars.

Iowa allows a deduction in full for health insurance premiums paid with after - tax dollars.

For an insurance company their investment income is the amount of money earned from premiums and any other investments they hold after the deduction of claims and benefits paid out to their policy holders.

All premiums, after deduction of provincial premium taxes of 2 %, are deposited to the daily interest account.

Besides, after the deductions under Section 80CCC have been made a part of the overall 1.5 lakh limit under Section 80C, most individuals easily cross this limit after factoring in home loans, PFs, insurance premiums, etc..

Insurers allot units on the portion of the premium remaining after providing for various charges, fees and deductions.

All the premiums paid under this plan shall be refunded after making required deductions of the medical expenses, stamp duty charges and administrative expenses if any.

If your premiums weren't included as income on your W - 2, you can't take them as a deduction because they're already tax - free (even if they were paid with after - tax money, your ability to deduct them will be limited, as described below).

If you disagree to any of the terms or conditions in the policy, you can cancel the life insurance policy within 15 days from the date of receipt of the policy document In such type of cancellation you are entitled to get a refund of the premium paid after deduction of the applicable charges In case of ULIPs, you can: Make partial withdrawals, Make fund switches, Make premium redirection For more information on our life insurance products, click here!

For insurance policies issued on or after April 01 2012, deduction is allowed for only so much of the premium payable as does not exceed 10 % of the actual capital sum assured.

On returning the policy, the insurer returns the premium paid by him after deduction of stamp duty & medical examination expenses borne by it, and the contract comes to an end.

If any top up premium shall be paid under the policy in which loan is availed of, the top up premium will be first adjusted towards outstanding loan and interest on outstanding loan, if any, and the balance available shall be invested in the fund (s) chosen by the policyholder after deduction of applicable charges.

In case your term insurance policy is issued on or after April 1, 2012, then tax deduction is applicable only for the total premium amount valued up to 10 % of the maximum sum assured.

If you satisfy all conditions, premiums that you have paid for your bike insurance will be refunded to you after a certain amount of deduction.

For example: Consider your annual premium to be Rs 40,000 & after deduction of Premium Allocation Charges of Rs 2000, the amount going into investment in equity fund is Rs 38,000.

The insurance provider makes a kitty of funds out of the premiums of all the policyholders (left after deduction of charges and deduction of the portion to be invested for life cover).

Dividend: In a participating whole life insurance policy, the refund of that part of the premium paid at the beginning of the year which still remains after the company has set aside the necessary reserve and made deductions for claims and expenses.

Future Generali will refund the premium paid after the deduction of proportionate risk premium for the period of cover, stamp duty charges and cost of medical examination, if any.

On cancellation of the policy during the free look up period, all the premiums paid under the plan are returned to the insured after making the required deductions of policy administrations charges, stamp duty, medical expenses, if any, etc..

The company shall make refunds of all the premiums paid after making the required deductions of medical expenses, stamp duty charge, administration expenses and etc..

Subsequently, your policy will be cancelled and you will get back your premium after some minor deduction like medical charges (tests if any), stamp duty etc..

The maximum premium amount eligible for deduction for the policies issued on or after April 1, 2012 is only 10 % of the total sum assured.

Premium paid by you, after deduction of premium allocation charge, will be allocated in to the Pension Builder Fund.

If the insured dies within the grace period, then, death benefits under the plan shall be payable which is the complete sum assured after making applicable deductions of the premiums due.

The certificate for tax deduction that is mailed to the policy holder by the insurance company after receiving the yearly premium should be kept with great care.

If the subscriber is not satisfied with the terms and conditions mentioned in the policy, then he / she may return the policy and the policy shall stand cancelled and the first premium paid will be returned by the company after making the applicable deductions.

You will get a refund of all the premiums which you paid without interest after the deduction of proportionate risk premium, stamp duty, and medical examination cost which you may have incurred while issuing the policy.

If the subscriber is not in sync with the terms and conditions mentioned in the policy document and overall is not satisfied with the policy, then he / she may return the policy within this cooling period upon which the company will refund the first premium paid by the subscriber after making the applicable deductions.

If the death of the policyholder occurs during the grace period then the full sum assured will be paid to the beneficiary after the deduction of the premium due and all the premiums falling due during the policy year.

In ULIP premium paid by policy holder are invested in funds selected by the policy holder, after deduction of allocation, managing, policy administration charges and insurance cover.

In such circumstance, you get the right to claim the refund of the premium - paid, after deduction of mortality - charges and stamp - fees.

The condition says, for all the life insurance policy issued on or after April 1, 2012, if the premium paid exceeds, 10 % of the sum assured, then the tax deduction (from the gross total income) will be obtainable to the extent of 10 % of the sum assured only.

As per prevailing tax laws, for insurances issued on or after 1 April 2012, the premium paid to a life insurance plan is eligible for deduction under section 80C of the income - tax Act up to a sum of Rs. 1.5 lakh.

At that time you will still get a refund of the premium but after deduction of charges for medical tests, and administrative expenses.

If a cancellation is requested post the issuance of the policy, the Company shall refund the premium amount after deduction of the expenses incurred on medical examination and / or stamp duty, as applicable.