Sentences with phrase «receive guaranteed annual income»

For Option A, you will receive Guaranteed Annual Income (GAI) from the end of the 16th policy year and it is paid every year for 20 years till death or maturity, whichever is earlier.

Premium payment for either 12 or 15 years and receive guaranteed annual income for 18 or 20 years respectively

TATA AIA Life Insurance Secure 7: This is a non-linked non-participating endowment assurance plan that requires you to pay premium for 7 years and receive guaranteed annual income for the next 7 years.

Not exact matches

The Guaranteed Annual Withdrawal Amount is the amount your employees can receive in income each year once they begin taking payments.

Early withdrawals are withdrawals taken from the Personal Income Benefit variable investment options before an employee has elected to begin receiving Guaranteed Annual Withdrawal Amount payments.

If an employee dies before starting Guaranteed Annual Withdrawal Amount payments, or if he or she started payments on a Single - Life basis, the beneficiary would receive the Personal Income Benefit account value.

Economical and futuristic, this plan can be bought from new born child (zero age) wherein the parents need to pay the premium only for 15 years of age and from then till the age of 85 years; the child receives life cover along with guaranteed annual income.

Pure Income Benefit Option: If the life insured survives during the benefit payout period (starts immediately after completion of the premium payment term till maturity of the policy), he / she will receive Annual Guaranteed Income, Special Additional Bonus, & Simple Reversionary Bonus.