Sentences with phrase «receives guaranteed annual payouts»

Once the policy term ends, the policyholder receives guaranteed annual payouts up to the age of 85 years.

The child will receive the Guaranteed Annual Payouts as usual even if the policyholder is not around

All the future premiums are waived and the nominee will receive the guaranteed annual payouts.

All the future premiums are also waived and the nominee will receive the guaranteed annual payouts.

This means that if you pay a premium of «1,00,000 per annum for 5 years, you would receive a guaranteed annual payout of «1,35,000 from the end of the 6 th to the end of the 10 year.

In case of the unfortunate event of the death of Mr. Verma, Mrs. Verma will continue to receive the guaranteed annual payout of Rs. 65,530 throughout her lifetime, enabling her to be financially independent during the golden years.

Not exact matches

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 ePayouts — once the 10th policy year is completed, you will begin receiving yearly payouts until maturity or death of the Life insured (whichever is epayouts until maturity or death of the Life insured (whichever is earlier)

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.

The Guaranteed Annual Payouts (GAPs) received under this plan depend the annual premium and the age at the policy commencAnnual Payouts (GAPs) received under this plan depend the annual premium and the age at the policy commencannual premium and the age at the policy commencement.

In case the life insured is diagnosed with a critical illness (from a list of pre-defined critical illness covered under this benefit), a lump sum total of the guaranteed annual payouts, proportional to the premiums received, is paid out immediately to help with the treatment and other expenses.

In the unfortunate event of your death during this period, your family will get a lump sum amount regardless of any Guaranteed Annual Payouts or Critical Illness Benefit received earlier.

In case the life insured is diagnosed with a critical illness (from a list of pre-defined critical illness covered under this benefit), a lump sum total of the Guaranteed Annual Payouts, proportional to the premiums received, is paid out immediately to help with the treatment and other expenses.