This option is especially beneficial if you plan on using your life insurance as an income replacement; your family will
receive yearly payouts (over 5, 10, 15, or even 20 years) that would mimic the way your actual income comes in.
So in case if Mr Duggal passes away his wife will get to
receive the yearly payout of Rs. 65,530 all through her lifetime.
Guaranteed Annual Payouts — once the 10th policy year is completed, you will begin
receiving yearly payouts until maturity or death of the Life insured (whichever is earlier)
Not exact matches
They would
receive around 51 % more in
yearly payouts by the time they turn 65 compared to the current plan.
Based on the current
payout, I'll be
receiving $ 35.52 in
yearly dividend income from this purchase.
Recurring
payout option also allows the beneficiary to
receive a lump sum benefit instead of regular monthly or
yearly payouts anytime after the death of the life insured.
Option to
receive the
payout on a
yearly, half -
yearly, quarterly or monthly basis, as per your needs and requirements
The amount
received is based on either fixed units per
payout or fixed amount per
payout on a monthly, quarterly, half -
yearly or
yearly basis via cheque or Direct Credit / ECS.
Recurring
Payout Option: Under this payout option, the nominee receives 10 % of the sum assured on the death of life insured as an immediate payment once the claim is accepted.The balance amount of sum assured is paid either as monthly or yearly i
Payout Option: Under this
payout option, the nominee receives 10 % of the sum assured on the death of life insured as an immediate payment once the claim is accepted.The balance amount of sum assured is paid either as monthly or yearly i
payout option, the nominee
receives 10 % of the sum assured on the death of life insured as an immediate payment once the claim is accepted.The balance amount of sum assured is paid either as monthly or
yearly income.
You may choose to
receive the
payout on a
yearly, half
yearly, quarterly or monthly basis, as per your needs and requirement.
Select your
payout option to
receive the
payout on a
yearly, half -
yearly, quarterly or monthly basis
This type of
payout option allows the nominees to
receive the portion of claim benefit as a lump sum and the remaining amount as installments in the form of a monthly or
yearly income for a specified period of time depending upon the plan conditions.
You may choose to
receive the
payout on a monthly, quarterly, half -
yearly, or
yearly basis, as per your requirements.
A pension plan is a plan in which you pay once and you start
receiving pension at a pre-decided frequency (choice of
yearly, half
yearly, quarterly, monthly
payout options) for life with a guarantee of return of full purchase price in case of death of policy holder.