Sentences with phrase «receive guaranteed sum»

In this new insurance scheme on maturity, you will receive guaranteed sum assured along with vested compound reversionary bonus and terminal bonus, if any, provided the policy is in force and all due premiums have been paid.

The major advantage of such kind of a policy is that your child or spouse receives a guaranteed sum of money after a specified period.

As a survival benefit at the end of policy term the policyholder receives guaranteed sum assured, vested simple reversionary benefit, terminal bonus (if any).

Not exact matches

The premise behind an immediate annuity is simple: You invest a lump sum of money with an insurance company (although you would actually do so through an adviser, a broker or insurance agent) and in return you receive a guaranteed monthly payment for life regardless of how the financial markets perform.

That's because when you invest a lump sum with an insurer today, the insurance company guarantees you will receive a monthly income payment for the rest of your life.

Guaranteed death benefit protection so that your beneficiary receives a lump sum payout when you die.

You hand over a lump sum to an insurer and begin receiving guaranteed monthly payments for the rest of your life immediately with an immediate annuity or, in the case of a longevity annuity, payments that start at later time, say, 10 or 15 years after you retire.

That sum includes all local, state, and federal subsidies as well as federal loans and loan guarantees received by companies on the American Wind Energy Association's board of directors since 2000.

We can not guarantee that we will be able to win or promise a particular sum that you should receive.

Cash Refund Annuity Income Payment Option Any type of income annuity that guarantees should the annuitant die prior to receiving payments equal to the premiums paid, the difference will be refunded to the named beneficiary in a lump sum.

On maturity, a lump - sum amount along with Assured Sum and guaranteed accrued is received by the insurer.

In case the insured dies after the completion of first 5 years of the policy, the nominee of the policy receives the basic sum assured + accrued guarantee addition + simple reversionary bonus + final reversionary bonus (if any), which can be paid as a lump - sum or as an annuity, or as a combination of two.

The money in your fixed annuity, which you invest as a lump sum, earns a guaranteed fixed rate of interest.2, 3 Fixed deferred annuities are not subject to the ups and downs of the stock market and you don't pay taxes on your earnings until you withdraw them.4 With a fixed deferred annuity, you will also receive protection for your beneficiaries through a guaranteed death benefit.2

If you have a traditional policy that pays a lump sum amount or have a guaranteed income plan that makes payments after every few years, then it's time you choose a plan that ensures your family and loved ones receive a monthly income to help them pay for the living expenses.

The money in your annuity, which you invest as a lump sum, earns a guaranteed fixed rate of interest.2 Fixed deferred annuities are not subject to the ups and downs of the stock market and you don't pay taxes on your earnings until you withdraw them.3 With a fixed deferred annuity, you will also receive protection for your beneficiaries through a guaranteed death benefit.1

You may also choose a policy with a guaranteed death benefit, which means your family is guaranteed to receive a lump sum of money in the event of your passing.

A critical reason to purchase life insurance is to ensure that one's dependents, i.e. parents, spouse and children, receive a lump sum or a regular monthly income that will guarantee their financial security, in the unfortunate event that the policyholder passes away or gets disabled (thus putting a stop to his / her income).

This means that while beneficiaries will receive more guaranteed money in the long run with interest, they might be able to make more by taking the lump sum and making smart investments.

In the event of death, your family will have the flexibility of receiving a lump sum pay out or guaranteed monthly income.

For example, if you die within the first 2 years of purchasing Colonial Penn's guaranteed acceptance policy, your beneficiary just receives the sum of your premium payments plus 7 % interest compounded annually.

The beneficiary receives a guaranteed amount i.e. sum assured in such an event.

Target Group For customers looking for a tax saving life insurance plan that offers flexibility of paying for a limited period and receive guaranteed regular money backs alongwith a guaranteed lump sum benefit.

You receive a lump sum benefit on maturity and are also eligible for Guaranteed Yearly Additions and Bonuses that further maximize your savings.

This would guarantee that the plan continues if you are not there to take care of it and your child would be able to receive assured sum amount at maturity.

Taking care of three generations Tata AIA Life Insurance MahaLife Gold offers income tax benefit to the 1st generation enjoys tax - benefit on the premium paid, next gets the guaranteed and non-guaranteed income with the life coverage and the 3rd generation receives sum assured on maturity.

In an endowment policy, if the insured dies during the term of the policy, the nominee receives the sum assured plus the bonus or participating profit or guaranteed additions, if any.

The riders available of money back policy are as follows: • Critical Illness rider: This rider offers a guaranteed sum if the Insured is diagnosed with some critical illness including major organ failure, coronary diseases, different types of cancer etc. • Accident rider: In case the policy holder's unexpected death due to accident the nominee receives a sum assured • Disability benefit rider: This type is rider helps in case the policy holder is left paralyzed due to some major accident in his life.

The guaranteed nature of the sum assured means that the family or nominees would definitely receive the money.

The policyholder receives guaranteed lump sum payouts on survival until the age of 65 and on maturity of the policy.

If the life insured outlives the policy's maturity date, he or she receives a maturity benefit, which is equal to the guaranteed sum assured plus the simple reversionary bonus and terminal bonus (if any).

Under the Aspiration option for Maturity Benefit payout, lump sum is paid on Maturity which is the Sum Assured and Guaranteed Additions where the total benefit received is equal to 125 % of the SA

If you stay invested for the policy term you choose, then on maturity you become eligible to receive a guaranteed lump sum amount.

The limited payment term is 10 years to suit your finances and one receives guaranteed lump sum payout equal to 55 % of the sum assured.

The policyholder will receive a lump sum bonus at maturity, and regular guaranteed payout for 15 years after the maturity.

A percentage of sum assured, called as guaranteed addition is added to the policy after every completed year of premium payment term and thus at the time of maturity, you shall receive sum assured plus guaranteed additions.

Option 2: Receive 50 % of the Guaranteed Death Benefit as a lump sum and 0.42 % of Guaranteed Death Benefit as monthly income for the next 10 years increasing at 8.50 % p.a. (simple rate) every year starting from the policy anniversary following the date of death of the life insured

If you pass away during the term of your policy, your nominee will receive the benefits of the sum assured amount and guaranteed returns.

Maturity Benefits: When the policy matures, you are entitled to receive the Guaranteed Maturity Sum Assured, which is the sum of all the premiums paid over the Premium Payment Term.

As a result, you may be entitled to receive more than the «sum assured,» or the guaranteed return, at the end of the policy term.

At maturity, the policyholder receives sum assured along with guaranteed additions and the plan is compliant with the new traditional product norms.

Death benefits are guaranteed through the MassMutual whole life policy, which means the beneficiary of your life insurance policy receives a lump sum cash payment regardless of when you die.

In a whole life insurance, the policy benefits are provided to the nominee as a one - time lump sum amount, but by choosing this rider, the nominee can exercise the option to receive benefits in installments as a guaranteed income.

Benefits like guaranteed additions and bonuses while ensuring that your family receives a lump sum benefit in case of your unfortunate death.

As the policyholder attains the age of 75 years or on the policy anniversary (whichever happens later), the following benefit shall be paid: Guaranteed Maturity Sum Assured + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) where Guaranteed Maturity Sum Assured is the total guaranteed sum to be received at the end of the policy term Accrued paid - up additions are any additional coverage provided by the company (if applicable) Terminal bonus is the bonus to be received at the end of the policy term (if aGuaranteed Maturity Sum Assured + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) where Guaranteed Maturity Sum Assured is the total guaranteed sum to be received at the end of the policy term Accrued paid - up additions are any additional coverage provided by the company (if applicable) Terminal bonus is the bonus to be received at the end of the policy term (if aGuaranteed Maturity Sum Assured is the total guaranteed sum to be received at the end of the policy term Accrued paid - up additions are any additional coverage provided by the company (if applicable) Terminal bonus is the bonus to be received at the end of the policy term (if aguaranteed sum to be received at the end of the policy term Accrued paid - up additions are any additional coverage provided by the company (if applicable) Terminal bonus is the bonus to be received at the end of the policy term (if applicable)

Additionally, his son will receive all the remaining guaranteed pay - outs and lump sum maturity benefits.

On maturity, you are entitled to receive the sum assured plus the accrued bonus or guaranteed returns and on your premature death, the lumpsum amount is paid to your nominee who is a «child» under a child plan.

Option 2: Receive a regular Guaranteed Income in addition to the lump sum amount of money: The pay out is an aggregate of:

Raman's nominee will receive Death sum assured of Rs 5 Lacs (or highest of 10 times the Annualized Premium or minimum guaranteed sum assured on maturity or 105 % of all paid premiums).

Raman will receive 20 % of Rs 5 lacs (Base Sum Assured) which is Rs 1 lac in the last three years plus Minimum guaranteed sum assured on maturity is 40 % of the base sum assured which is Rs 3 Lacs plus accrued terminal and simple reversionary bonus.

Scenario B: Mr. Gupta dies during the Term of the Policy In the event of unfortunate demise of Mr. Gupta in the 3rd policy year after payment of 3 years» premiums, his family will receive a lump sum amount of Rs 1,014,000, Guaranteed Sum Assured on maturity equal to Rs 2,00,000 along with accrued Annual bonuses and Final bonus, is payable on maturity.