Scenario A: Raman Survives the Policy Term If Mr. Raman survives till the maturity of the policy term,
he receives Guaranteed Maturity Benefit of Rs 5.31 Lacs plus bonuses of Rs 9.31 Lacs.
Scenario B: Guatam dies during the Term of the Policy In the event of demise of Gautam during the 5th policy year, his son (nominee) will
receive a Guaranteed Maturity Benefit of Rs 3,00,000.
At maturity, you will
receive Guaranteed Maturity Benefit i.e. Sum of Basic Sum Assured (BSA), Accrued Guaranteed Yearly Additions (GYA) and Guaranteed Loyalty Addition (GLA).
You will
receive Guaranteed Maturity Benefit equal to 10/15 times of annualized premium for 10/15 years premium paying term, respectively.
On survival of the life assured to the end of the policy term provided the policy is kept in - force and all due premiums are paid, you will
receive the Guaranteed Maturity Benefit mentioned below:
Not exact matches
On
Maturity you will
receive the Sum Assured plus
guaranteed additions as
benefits.
As
maturity benefit, a person will
receive the fund value as on date (including
guaranteed loyalty additions) or
guaranteed maturity benefit of 101 % of the total premiums paid, whichever is higher.
Maturity Benefit — if the insured survives till the end of the policy term then he shall
receive Maturity Sum Assured +
Guaranteed Additions Accrued to date + Accrued Assured Income if opted.
Maturity Benefit — if the insured survives till the end of the policy term then he shall
receive Accrued Bonus — Non
Guaranteed Survival
benefits already paid.
Some
benefits offered the plan are like providing life Insurance coverage till the age of 75 years, Money back feature where in once
receives 7.5 % of the
guaranteed Maturity Sum Assured per annum for 15 years to take care from 61 years to 75 years and lastly
Maturity benefits at the age of 75 years.
Maturity Benefit is paid if the person whose life is insured is alive when the policy matures, he or she
receives the Sum Assured plus the accrued
Guaranteed Additions.
On
maturity, higher of the Guaranteed Maturity Benefit + reversionary bonuses + terminal bonus, if any or 100.1 % of all premiums paid less Guaranteed Cash Benefits already received is paid to the poli
maturity, higher of the
Guaranteed Maturity Benefit + reversionary bonuses + terminal bonus, if any or 100.1 % of all premiums paid less Guaranteed Cash Benefits already received is paid to the poli
Maturity Benefit + reversionary bonuses + terminal bonus, if any or 100.1 % of all premiums paid less
Guaranteed Cash
Benefits already
received is paid to the policyholder
When the policy matures, the policyholder
receives the Fund Value plus
Guaranteed Loyalty Additions as
Maturity Benefit.
^ On survival, at the end of the policy term,
receive lumpsum
benefit as aggregate of: i) Sum Assured of
Maturity ii) Accrued
Guaranteed Additions.
You may
receive a
guaranteed monthly income post the end of the premium payment term on survival of the life assured a.) Income with
maturity benefit b.) Only income
Your beneficiary will
receive Guaranteed Monthly Income
Benefit &
Maturity Benefit (including bonuses) as and when due.
You
receive a lump sum
benefit on
maturity and are also eligible for
Guaranteed Yearly Additions and Bonuses that further maximize your savings.
Guaranteed Survival
Benefits — After the 10th policy year, you start
receiving 6 % of the Sum Assured up to one year before
maturity, or death of the Life insured (whichever is earlier)
Maturity Benefit — If the Life Insured survives the maturity of the Policy with all premiums paid, they receive a Guaranteed Payout as a percentage of the Sum promised during the Maturity Payout Period, and 100 % of the Sum which is certain to be paid on maturity, is paid at the end of the 20
Maturity Benefit — If the Life Insured survives the
maturity of the Policy with all premiums paid, they receive a Guaranteed Payout as a percentage of the Sum promised during the Maturity Payout Period, and 100 % of the Sum which is certain to be paid on maturity, is paid at the end of the 20
maturity of the Policy with all premiums paid, they
receive a
Guaranteed Payout as a percentage of the Sum promised during the
Maturity Payout Period, and 100 % of the Sum which is certain to be paid on maturity, is paid at the end of the 20
Maturity Payout Period, and 100 % of the Sum which is certain to be paid on
maturity, is paid at the end of the 20
maturity, is paid at the end of the 20th year.
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.
You will
receive the Sum Assured chosen by you and the accumulated
Guaranteed Additions as
maturity benefit on the
maturity date, provided all due premiums have been paid.
In case of unfortunate death of Gautam during the 5th policy year, his son Arnav, who is the nominee, will
receive Rs 3,00,000 (
Guaranteed Maturity Benefit).
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
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
benefit received is equal to 125 % of the SA
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.
This option would
guarantee the beneficiary that the plan would
receive an additional pre-determined amount of money that would be above and beyond the death
benefit in the event that the annuitant dies before the annuity's
maturity.
a) Vesting
Benefit: On survival at
maturity, you would
receive the following: 1) Sum Assured 2)
Guaranteed additions 3) Vesting additions
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 a
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 a
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 a
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 applicable)
In case of unfortunate death of Gautam during the 5 policy year, his son Arnav, who is the nominee, will
receive Rs. 3,00,000 (
Guaranteed Maturity Benefit).
Maturity Benefit: At
Maturity, you
receive Non-
Guaranteed Annual Reversionary Bonus (if any) plus Non -
Guaranteed Terminal Bonus (if any), subject to the policy being in force.
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
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
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.
Additionally, his son will
receive all the remaining
guaranteed pay - outs and lump sum
maturity benefits.
On
Maturity you will
receive the Sum Assured plus
guaranteed additions as
benefits.
Case I: In the event of his survival on the
maturity of the policy, he receives Guaranteed Sum Assured on Maturity of Rs 1,37,620 plus Guaranteed Additions of Rs 1,44,501 plus Loyalty Benefit of Rs
maturity of the policy, he
receives Guaranteed Sum Assured on
Maturity of Rs 1,37,620 plus Guaranteed Additions of Rs 1,44,501 plus Loyalty Benefit of Rs
Maturity of Rs 1,37,620 plus
Guaranteed Additions of Rs 1,44,501 plus Loyalty
Benefit of Rs 20,643.
Scenario A: Raman Survives the Policy Term If Mr. Raman survives till the
maturity of the policy term, he receives Guaranteed cashbacks of Rs 20,000 is payable at the end of each year after Premium Payment Term till maturity plus Rs 1,40,000 as Maturity
maturity of the policy term, he
receives Guaranteed cashbacks of Rs 20,000 is payable at the end of each year after Premium Payment Term till
maturity plus Rs 1,40,000 as Maturity
maturity plus Rs 1,40,000 as
Maturity Maturity Benefit.
He will
receive a
guaranteed maturity «
benefit of 11,00,000 at the end of the policy term.
In case of survival till vesting or
maturity of the policy, the life insured will
receive the higher of sum assured plus sum of all
guaranteed additions plus Simple Reversionary Bonus and Terminal Bonus OR Defined Assured
Benefit.
Scenario A: Sahil Survives the Policy Term If Sahil survives till the
maturity of the policy term, he
receives Rs 1,00,000 as the first payout under
guaranteed money back
benefits and it continues for the next 10 years.
You have an option to
receive the
maturity benefit as a lump sum which is Guaranteed Sum Assured at Maturity equal to 110 % of the Basic Sum Assured plus Vested Reversionary Bonuses plus Termina
maturity benefit as a lump sum which is
Guaranteed Sum Assured at
Maturity equal to 110 % of the Basic Sum Assured plus Vested Reversionary Bonuses plus Termina
Maturity equal to 110 % of the Basic Sum Assured plus Vested Reversionary Bonuses plus Terminal Bonus.
Mohan will
receive the
maturity benefit when his kid requires it for her higher education In case of an unfortunate event of his death before
maturity of the policy, his family will get higher of Sum Assured or 105 % of the Premiums paid, plus
guaranteed additions on the premiums paid.
IDBI Federal
Guaranteed Money Back Insurance Plan
Benefits are provided in the form of bonus i.e. an additional sum that a policyholder will
receive during the policy term or after
maturity.