Sentences with phrase «premiums under this term plan»

So, on the occurrence of an Accidental Total Permanent Disability of the Life Assured the remaining premiums under this term plan would be waived off, while the other insurance benefits will continue.

the remaining premiums under this term plan will be waived off, while the other insurance benefits will continue.

Not exact matches

Dear Deepak, Yes, the premiums paid for Term insurance plan can be claimed as tax deductions under section 80c.

The premium paid for the term plan is tax exempt upto Rs. 1.5 lakhs under section 80C of Income Tax (IT) Act.

So, while life insurance premiums must be paid under both, the permanent and term life insurance plans, long - term out - of - pocket cost of permanent insurance may be lower compared to the total cost for a term life insurance policy.

It is important that under this plan your premiums are guaranteed and remain level over the period you selected as your term period.

The amount of premiums paid and the amount of claim received under this LIC term plan are both exempted from tax under sections 80C and 10 (10D)

Under this HDFC life term plan, additional coverage can be decreased by the policyholder after attaining 45 years of age, which subsequently lowers future premiums

Premiums can be paid either in a lump sum at the commencement of this HDFC term insurance plan under the Single Premium plan option or regularly for the entire duration of the term under the Regular Premium plan options.

Moreover, the facility of paying premiums for a limited term which is lower than the entire term of the plan is also available under the Limited Premium Plan optplan is also available under the Limited Premium Plan optPlan options

Premiums can either be paid in lump sum at commencement under the single premium plan option or regularly for the entire duration of the term under the regular premium plan option in this HDFC term plan.

Premiums under this LIC term plan can be paid either annually or semi-annually.

In case of suicide committed within 12 months of policy inception or policy revival only 80 % of premiums paid are returned to the nominee and no Death Benefit will be paid under the LIC term plan.

In the cash payout option, each year after the premium payment term the declared bonus is paid to the policyholder under the plan.

Section 80C and Section 10 (10D) of the Income Tax Act exempts the amount of premiums paid and the amount of claim received respectively under this LIC term plan from the scope of tax

Under this HDFC life term plan, the nominee will receive on death of the policyholder, higher of sum assured or 10 times the annualised premium or 105 % the total premiums paid as on the date of death

The premiums paid under this LIC online term plan earn tax relief under Section 80C up to Rs. 1.5 lakhs and any amount of claim received also earns tax relief under Section 10 (10D) of the Income Tax Act

In case of suicide committed within 12 months of policy inception or policy revival only 80 % of premiums paid are returned to the nominee and no Death Benefit will be paid under this LIC term plan.

Under this LIC term plan, premiums can be paid either annually or semi-annually.

The facility to pay premiums for a limited term, lower than the overall term is also available under limited premium plan option

Under this HDFC term plan, the death benefit is higher of 125 % of single premium or sum assured for plans which have single premium feature.

In case the insured survives till the maturity of the Max Life term plan, he or she will get 100 % of the total premiums paid under the Max Life term plan

There are 2 plan option of Plan A and Plan B where 100 % of the premiums paid are returned under Plan A and 110 % to 150 % of premiums returned is paid under Plan B depending on the term chplan option of Plan A and Plan B where 100 % of the premiums paid are returned under Plan A and 110 % to 150 % of premiums returned is paid under Plan B depending on the term chPlan A and Plan B where 100 % of the premiums paid are returned under Plan A and 110 % to 150 % of premiums returned is paid under Plan B depending on the term chPlan B where 100 % of the premiums paid are returned under Plan A and 110 % to 150 % of premiums returned is paid under Plan B depending on the term chPlan A and 110 % to 150 % of premiums returned is paid under Plan B depending on the term chPlan B depending on the term chosen

Under variant B, 110 % to 150 % of the premiums paid are returned depending on the plan term chosen.

The premiums payable under mediclaim policies is different for a different policy, but there are certain criteria like an age of the proposer, sum insured, geographical area of treatment and term of the plan, etc..

Under the Max Life term plan, discount is allowed in premium for choosing high Sum Assured levels of Rs. 30 lakhs and above

Under the rider, future premiums are waived off in case of death, disability or critical illness if it happens within the duration of the Max Life term plan.

For instance, Under the Life's online term plan offered by Max Insurance, a 30 - year old would need to pay Rs 6,375 as premium for Rs 75 - lakh coverage.

For instance, for a Rs 75 - lakh coverage, a 30 - year old would need to pay Rs 6,375 as premium under Max Life's online term insurance plan.

Under child plans, Life Insurance companies offers a premium waiver if the parent (i.e., the insured) passes away during the policy term of a child plan.

The minimum coverage that can be selected under this plan is: Sum Assured = term * Annual premium / 2.

Under this plan, if you have chosen for a 30 - year plan and outlive the term, the insurer will pay back the total premium amount.

Where plan option is «Savings Plus», if the Life Assured is diagnosed to be suffering from any of the 35 Critical Illnesses, all future premiums that would otherwise have been payable under the base policy shall be waived for the remainder of the premium payment term

Samir can claim tax benefit under Section 80C on the total premium paid out on his term plan i.e. including critical illness rider premium as also other riders.

In case of «Whole Life Plan'the policy holder is obliged to pay a fixed amount of premium on a regular basis till the term of the policy, failing which will cease the death benefit payable under the policy.

Upto 50 % of total term plan cover or Rs. 50 lacs, whichever is lower, can be paid under the critical illness (CI) benefit and the balance life cover will be carried forward (with reduced future Premiums payable) and payable on death.

You can pay the premiums as single payment, limited period payment or throughout the policy (monthly, quarterly, semi-annual or annually) under iProtect Smart Term plan where Limited pay = Policy term — 5 yeTerm plan where Limited pay = Policy term — 5 yeterm — 5 years.

For instance, premium for the same person for a 20 year term under HDFC Click 2 Protect Plus plan will be Rs 8,760 per annum.

Moreover, whole life plans offer coverage along with all the accrued bonuses for participating plans, as declared under the policy from time to time on maturity or completion of premium payment term.

Tax Benefit: Under this Smart term plan the customer can save tax on 80C for the premium amount paid.

Premiums paid for all life insurance policies, including that for a term insurance plan are exempt from taxation under Sec 80 C of the Income Tax Act, 1961 upto a maximum of Rs 1.5 Lacs.

Under the Return of Premium Term Insurance plan, the policy holder receives the premium amount paid at end of the policy tTerm Insurance plan, the policy holder receives the premium amount paid at end of the policy termterm.

In this article, I will share about the psychology behind this figure 1 crore and also share the available online term plans who are offering 1 crore term life cover with a cheapest premium amount under Rs 15,000 only.

If you are under insured (do not have sufficient insurance cover), you may buy a Term plan (premium can be claimed u / s 80c).

In some cases of pure term plan, if you decide to pay all the premiums under one single pay premium or limited premium payment option, you will be eligible for a surrender value.

Mahesh, aged 30 years, opts for Reliance Nippon Life Smart Savings Insurance Plan with annual premium of Rs. 1,00,000 under regular pay option with a policy term of 30 years along with a life insurance cover of Rs 15,00,000 (For entry age less than 45 years, calculated as higher of (i) 10 times of annualised premium or (ii)(Policy term divided by 2) times the annualised premium.

This plan is similar to the standard term insurance plan with regards to premium payment, and policy term, except, under the Increasing Term Insurance cover with the increasing age, the life cover also increaterm insurance plan with regards to premium payment, and policy term, except, under the Increasing Term Insurance cover with the increasing age, the life cover also increaterm, except, under the Increasing Term Insurance cover with the increasing age, the life cover also increaTerm Insurance cover with the increasing age, the life cover also increases.

You have the option to change your premium paying term at any time subject to the minimum and maximum premium paying term allowed under the plan, provided all due regular and limited premium till the date of such request are paid

Tax benefit subject to this SBI life term plan is available on the premium paid and the claim received under this SBI term insurance plan.

Max Life Partner Care rider can be availed under the plan wherein the aggregate of all future premiums payable till the end of the term or till the insured attains 60 years of age is payable immediately if the insured dies during the tenure of then plan.