Sentences with phrase «profits of the insurance company»

Bonus in life insurance context refers to the share of profits of the insurance company, which is distributed or shared with the policy holders.

Participating policies share profits of the insurance company with the policyholder.

WithoutProfit Endowment Plans: Withoutprofit endowment plans have no participation in the annual profits of the insurance company.

Participating policies essentially participate in the profit of the insurance company and pay out a dividend, which is added to the guaranteed cash value.

Endowment Policies can be ULIP linked or Non ULIP linked, the former type is the unit linked insurance plan in which the policy is linked to the profits of the insurance company and the insured also receives bonuses if applicable.

Reducing benefits to injured workers only shifts the cost of care away from insurers and onto the taxpayers while further padding the profits of insurance companies.

Lending institutions have seen the profits of insurance companies and are getting in on the act.

These policies participate in the profits of the insurance company.

Non-Participating Plan: Since this is a non-participating plan, it does not participate in the surplus earnings of the fund or in the profits of the insurance company.

Some policies afford the policyholder a share of the profits of the insurance company — these are termed with - profits policies.

Participating Vs. Non-Participating Policies You can opt for participating policies in which you participate in the profits of your insurance company and get dividends annually.

Conversely, non-participating policies do not participate in the profits of the insurance company and therefore do not have the dividend option.

For example, in an Endowment Plan, premiums are invested by the Insurance Company and profit earned on it is again distributed back to the policyholders in the form of bonuses, whereas in a pure Term Plan, the policyholders are not entitled to participate in the profit of the Insurance Company.

It has a lot of benefits which add on to the profits of the insurance company.

A Participating life insurance plan, as the name suggests, participates in the profits of the insurance company.

Such policies do not participate in the profits of the insurance company.

In ULIPs, the policy holder does not participate in the profits of an insurance company.

Dividends are generated from the profits of the insurance company that sold the policy and are typically paid out on an annual basis over the life of the policy.

Participating policies essentially participate in the profit of the insurance company and pay out a dividend, which is added to the guaranteed cash value.