Sentences with phrase «provides simple reversionary bonus»
This policy provides Simple Reversionary Bonus and Terminal Bonus that are paid as part of the Maturity Benefit or the Death Benefit.
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This policy provides Simple Reversionary Bonus and Terminal Bonus that are paid as part of the Maturity Benefit or Death Benefit.
Not exact matches
Non-Guaranteed Annual Simple Reversionary Bonus gets accrued to the policy at the end of each year provided all due premiums are paid.
Death Benefit - In case of uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus if any.
It provides extensive life coverage till one's death, which means that the sum assured, along with all the simple reversionary and finally acquired bonuses, would be granted to her / his appointed nominee.
The principal sum amount created to provide pension to the old age is the sum assured + simple reversionary bonus + accrued guaranteed additions + terminal bonus.
Along with the death benefit and maturity benefit the plan provides terminal bonus (if any) and simple reversionary bonus.
Offers a good boost to your retirement savings by providing regular simple reversionary bonus and terminal bonus
Base Sum Assured along with the vested Simple Reversionary Bonuses shall be used to provide an annual income benefit at the end of every subsequent policy year after the premium payment term, i.e. (Base Sum Assured + vested Simple Reversionary Bonus) x Income Benefit Factor
Provided all due premiums have been paid, the company will declare a Simple Reversionary Bonus, which is expressed as a percentage of the Sum Assured.
Basic Sum Assured + (Vested Simple Reversionary Bonuses + Terminal bonus (if any)-RRB- is paid after the completion of the endowment term, provided SBI Shubh Nivesh policy is still in force
Bonuses (Simple Reversionary Bonus and Terminal Bonus) are added to the policy at the end of every financial year provided all premiums have been paid.
Basic Sum Assured + (Vested Simple Reversionary Bonuses + Terminal bonus (if any)-RRB- is paid after completion of the endowment term, provided SBI Shubh Nivesh policy is still in force
Participation in Profits benefit: This plan is eligible to participate in corporation's profits and receive Simple Reversionary Bonuses or any final additional bonus when a claim is made either by death or maturity provided the policy is active.
Benefit on Vesting would be provided under the policy in full force, on vesting an amount equal to the Basic Sum Assured along with accrued Guaranteed Additions, vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be made available to the Life Assured.
The policy gives out Simple Reversionary Bonuses and final additional bonus declared as per the experience of the Corporation, provided the policy is in full force.
Maturity Benefit: The Basic Sum Assured, along with the vested simple reversionary bonuses and Final Additional bonus, if any, shall be payable in lump sum on Survival to the end of the policy term provided all due premiums have been paid.
At maturity, Jeevan Lakshya provides Sum Assured + Simple Reversionary Bonus + Final Addition as maturity amount on survival of policy holder.
Non-Guaranteed Annual Simple Reversionary bonus gets accrued to the policy at the end of each year provided all due premiums are paid and is payable at Maturity.
In the event of death of the life insured before the date of maturity, the Death Benefit payable is Sum Assured on Death plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable to the nominee, provided the policy is in - force.
In case of death of the life assured during the policy term, Sum Assured on Death plus vested Simple Reversionary Bonuses and Final Additional Bonus is payable, provided all the premiums have been paid.
Non-guaranteed annual simple reversionary bonus gets accrued to the policy at the end of each year provided all due Premiums are paid and is payable at Maturity.
In the event of death of the life insured before the date of maturity, Sum Assured on Death plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable to the nominee, provided the policy is in - force.
In case of survival of the life assured till the maturity of the policy, a lump sum of basic sum assured along with vested Simple Reversionary Bonuses and Final Additional Bonus is payable, provided all the premiums have been paid.
On survival of the life assured till the date of maturity, sum assured on maturity along with vested Simple Reversionary Bonuses and Final Additional Bonus is payable, provided the policy is in - force.
In the event of death of the life assured prior the date of maturity, Sum Assured on Death plus vested Simple Reversionary Bonuses and Final Additional Bonus is payable, provided the policy is in - force.
On survival of the life insured till end of the policy term provided the policy is in - force, the policyholder will receive Sum Assured plus vested Simple Reversionary Bonus and Terminal Bonus.
On maturity, the Minimum Guaranteed Sum Assured on Maturity plus vested Simple Reversionary Bonus plus Terminal Bonus is payable, provided the policy is in - force.
Simple Reversionary Bonus is declared every year and the bonus is guaranteed to be payable on vesting provided all due premiums are paid.Terminal Bonus may be declared from the 5th policy year onwBonus is declared every year and the bonus is guaranteed to be payable on vesting provided all due premiums are paid.Terminal Bonus may be declared from the 5th policy year onwbonus is guaranteed to be payable on vesting provided all due premiums are paid.Terminal Bonus may be declared from the 5th policy year onwBonus may be declared from the 5th policy year onwards.
Simple Reversionary Bonuses & Final Additional Bonus are declared within the premium paying term, provided the policy being in force.
If one or both of the lives assured survives till end of the policy term, Basic Sum Assured plus vested simple reversionary bonuses plus terminal bonus is payable, provided the policy is in - force.
In case of unfortunate death of the life assured before the date of maturity, Sum Assured on Death plus vested simple reversionary bonuses and final additional bonus is payable, provided the policy is in - force.
On survival of the life assured till maturity of the policy, Sum Assured on Maturity along with vested simple reversionary bonuses and final additional bonus is payable as a lump sum, provided the policy is in - force.
In case the Life Insured survives till the completion of the policy term provided all premiums are duly paid, then 100 % of Sum Assured on Maturity is paid at the completion of policy term along with accrued Non-Guaranteed Annual Simple Reversionary Bonus and Non-Guaranteed Terminal Bonus.
In case of death of the life assured before the end of the stipulated policy term, the sum of Sum Assured on Death, vested Simple Reversionary Bonuses and Final Additional Bonus is payable, provided the policy is in - force.
In case of survival of the life assured till the end of the policy term, the basic sum assured along with vested Simple Reversionary Bonuses and Final Additional Bonus is payable, provided the policy is in - force.
ON DEATH: In case of death of policy holder during policy term, 10 % of Sum Assured will be provided to nominee every year till one year prior to maturity, and On maturity, 110 % of Sum Assured + Simple Reversionary Bonus + Final Addition Bonus will be payable as maturity amount.
The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is inforce.
Insurance21 Replied: 02-06-2017 10:40:44 Here is plan feature text from LIC website: On the life assured surviving to the end of the policy term, provided all due premiums have been paid, «Sum Assured on Maturity» along with vested Simple Reversionary Bonuses (as mentioned in 2 below) and Final Additional bonus, if any, shall be payable.
On the life assured surviving the end of policy term (100 - Age at entry) provided all premiums have been paid Sum Assured along with vested simple reversionary bonus and FAB (if any) shall be payable.
Maturity Benefit: On the Life assured surviving the stipulated date of maturity, provided the policy is in full force, Sum Assured on Maturity (which is 40 % of the Basic Sum Assured) along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable.