Sentences with phrase «quarterly mode of premium payment»
Not exact matches
Most of the life insurance plan offers four mode of premium payment i.e. on monthly, quarterly, Half - yearly or yearly basis.
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Frequency The scheduled mode (e.g. monthly, quarterly, etc.) for the payment of insurance premium or for income amounts as set forth in the annuity policy.
Additionally, the policy owner has the right to change the mode of premium payment, i.e. annual, semi-annual, quarterly or monthly bank draft as well as the payout method, i.s. lump sum, lifetime annuity or period certain annuity.
You are allowed to choose any mode of premium payment - monthly, quarterly or yearly installments
Your employee has to authorize transfer of a single premium and choose annuity payment modes - monthly, quarterly, half - yearly or yearly.
However, in case there is a delay in paying the premium, you are entitled to a grace period of 15 days for monthly premium payment mode and 30 days for quarterly, half - yearly and annually payment mode for paying premium without any interest.
Grace period is essentially an extension of your regular premium payment mode (monthly, quarterly, biannual or annual).
To ensure consistent coverage it is better to switch to a more manageable mode of payment (monthly or quarterly) in case the policy holder is unable to pay annual premium due to financial constraints.
The premium payment modes of the policy are monthly, quarterly, half - yearly, yearly and single pay.
You can make the premium payment for LIC Jeevan Lakshya monthly, quarterly, half - yearly and yearly modes and an ECS's facility is also available to make the payments of the premiums easier via mobile banking or internet banking.
Grace period: Offers a grace period of 30 days in case you miss the due date to make the premium payment in case of yearly, semi-annual and quarterly mode.
Protection for your family: Get life cover of at least 10 times the annualised premium for the entire policy term Pay as you like: With yearly, half - yearly, quarterly and monthly premium payment modes Tax benefits: Get tax benefits on investment and on returns, as per the applicable income tax laws
Dear Ashish, LIC of India provides rebates on the premium to be paid based on the mode of payment (monthly / quarterly / half - yearly / yearly) made by the policy holder.
If two successive payments / instructions in case of monthly premium payment mode or any one payment / instruction in case of quarterly / half yearly / yearly premium payment mode is not received / honoured, the Company reserves the right to automatically cancel / withdraw the facility of ECS / Direct Debit or Standing Instructions to Credit Card.
Typically, a grace period of 15 days is allowed for monthly mode of premium and 30 days for quarterly, half - yearly and yearly premium payment.
However, a grace period of one month but not less than 30 days will be allowed for yearly, half - yearly, quarterly modes and 15 days for monthly mode of premium payment.