Sentences with phrase «receive lump sum»

A loan is distributed and you will receive a lump sum or a line of credit to be drawn upon as needed.

Are you selling your property with owner financing, and would like to receive LUMP SUM CASH NOW, instead of payment trickling in monthly?

You normally have to say who you'd like to receive this lump sum, although some schemes won't recognise cohabiting partners as beneficiaries (someone who's able to receive the lump sum after you've died).

Eligibility Criteria Eligible participants will be custodial parents living in the designated counties who receive lump sum child support payments exceeding their regular child support payments.

Payment can be salary or an hour wage and in some cases, students may receive a lump sum.

It works in a very simple way: if you are diagnosed with any of the critical illnesses listed in your policy and survive the waiting period (typically it is 30 days), you will receive a lump sum payment that you can use towards anything you would like.

Critical illness insurance works in a very simple way: if you are diagnosed with any of the critical illnesses listed in your policy and survive the waiting period (typically it is 30 days), you will receive a lump sum, also called critical illness benefits, that you can use towards any individual needs: critical illness treatment, experimental treatment abroad, drugs that are not covered under provincial plans or simply treating it as an additional income.

Critical illness insurances works in a very simple way: if you are diagnosed with any of the critical illnesses listed in your policy and survive the waiting period (typically it is 30 days), you will receive a lump sum payment that you can use towards anything you would like.

In case of an unfortunate demise of Ravi in the 70th policy year (at age 100 years), the nominee shall receive the lump sum death benefit of Rs. 7,00,035, which is higher of the Base Sum Assured and 105 % of total annualised premiums paid as on the date of death.

Once the Policy has been matured, the Policyholder will receive a lump sum maturity amount which can be utilized for meeting the financial needs like purchasing the property, children's education, organizing a wedding or preparing for one's retirement.

So, in case of your unfortunate demise, your family will receive a lump sum of Rs 50 lacs which will be helpful for your family to fulfill their immediate or recurring financial expenses.

Instead of trying to figure out how much you can pay at one time and still get everything taken care of, then you can instead receive a lump sum and get whatever Kansas renters insurance compensation amount you purchased in the first place.

In case you do not survive the specific - duration or «term» of the contract, your dependants receive a lump sum amount.

He will also receive a lump sum amount of Rs 2,60,000 as maturity benefit.

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.

In regular Term Plans, in case of the death of the insured person, his beneficiaries receive the lump sum amount known as death benefit.

Once your premium payment term comes to an end, you receive a lump sum cash pay - out of 50 % of the «Sum Assured on Maturity».

You will also receive a lump sum amount at the end of the 40th policy year.

In case of your death, your partner will receive a lump sum sum assured that he / she can utilize to fulfill several financial obligations and in case of second partner during the term of the plan, the sum assured is again payable.

An Endowment Plan helps the policyholder save regularly over a period of time, so you can receive a lump sum amount on maturity in case you survive through the end of the policy term.

You may receive a lump sum upon diagnosis, but anything above and beyond the limit may require reimbursement receipts.

The children also receive a lump sum amount just after the death of a parent.

You will receive a lump sum of Rs 5 Lacs.

Romesh at 30 years of age, wants to accumulate corpus so he can receive a lump sum amount at vesting and can also get a regular income after his retirement.

You may receive a lump sum or installments over a period of time, as per your preference or the insured's decision.

You can receive a lump sum payment from your death benefit, on a discounted basis, if you are diagnosed with a specific critical illness, such as ALS, cancer, stroke, heart attack, blindness, etc..

If you're looking to protect your own life in some way and allow a family member to receive a lump sum death benefit should you pass away, take a look at the policies below and see if any meet your needs.

BSLI Surgical Care Rider (UIN: 109B015V03): Under this Rider, if the life insured undergoes any surgery and is hospitalized for a minimum period of 24 years, then he / she is liable to receive a lump sum benefit to cover the expenses incurred.

The premium is Rs. 8353 if he chooses to receive a lump sum benefit, Rs. 7100 for annual income benefit and Rs. 10, 526 for increasing annual income benefit.

Once your policy matures, which is 5 years after your premium payment term, you will receive a lump sum payout equal to 50 % of the Sum Assured plus any declared Compounded Reversionary bonuses plus any Terminal Bonus, which is called the Maturity Benefit.

In short, with life insurance, you pay premiums over a given period so that your beneficiaries can receive a lump sum payment upon your passing (find out How to Collect a Life Insurance Payout).

Once you reach 80 years of age, you will receive another lump sum payment equal to 100 % of your Sum Assured which is called Extended Cover Payout

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

At maturity, he would receive a lump sum amount of Rs 3 lakh or Rs 1.68 lakh, projected at 10 percent or six per cent respectively, as vested reversionary bonus.

This means, in case of your unfortunate demise, your family will receive a lump sum amount of Rs. 1 crore which will be sufficient to fulfill their financial needs.

Endowment plans serve the dual purpose of insurance and investment: they provide life insurance and also help the policyholder to save money over a period of time so that you receive a lump sum amount on maturation and a life cover to secure your family's future in the event of a tragedy.

You can receive a lump sum payment from your death benefit, on a discounted basis, if you are diagnosed with a specific critical injury, such as a coma, severe brain injury, severe burns and paralysis.

So if at any time, you receive a lump sum amount of money, you can invest it in your annuity plan immediately.

Under this plan, the policyholder will be eligible to receive a lump sum amount of money if he gets diagnosed with any of the listed 37 critical illnesses.

Policyholders have the option to commute 1/3 of their pension, in which case they will receive a lump sum payment equal to the amount thus commuted.

In case of policy holder's death while the policy is in force, the next of kin / nominee is liable to receive a lump sum equal to the death sum assured as per the policy agreement.

Owing to this rider, you are eligible to receive a lump sum amount upon the diagnosis of a critical illness, as listed by your insurance provider.

In the case any critical sickness or disease, you can receive a lump sum amount of maximum Rs. 20 lakhs.

If the insured dies early, that is before the policy maturity period, his beneficiaries will receive the lump sum assured by the insurer.

Once the policy has matured and made that the policyholder has survived the policy term, they will receive a lump sum maturity amount which can be utilized for meeting financial needs like purchasing property, children's education, organizing a wedding or preparing for one's retirement.

If critical illness covered like cancer is detected at the terminal stage, the spouse can receive the lump sum amount at a pre-determined conversion.

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

If you die before the end of your term policy, your beneficiaries will receive a lump sum pay - out.

Critical illness rider: This allows beneficiary to receive a lump sum amount in case policyholder is diagnosed with major illnesses which are predefined in the policy.

At the end of policy term, Nikhil will receive a lump sum benefit of Rs. 1,00,950 (last installment of the Income Benefit along with the Terminal Bonus)