Sentences with phrase «receives lumpsum»

In case of an unfortunate death of the policyholder, the nominee receives a lumpsum payout.

Under all the plan options, the policy holder receives lumpsum payout on diagnosis of terminal illness.

In case of diagnosis of covered critical illness #, he receives a lumpsum amount of Rs. 15 lacs, irrespective of the treatment cost.

I have received a lumpsum amount as bonus and also one of the bank FD has matured recently, totaling to about 12 Lacs.

^ On survival, at the end of the policy term, receive lumpsum benefit as aggregate of: i) Sum Assured of Maturity ii) Accrued Guaranteed Additions.

In case of death of the life insured, the nominee will receive a lumpsum payout that was chosen by the policyholder, which is 100 % of Sum Assured.

In case of death of the life insured, the nominee will receive a lumpsum, and the policy will continue as before.

College Admission Fund (CAF) ensures you receive a lumpsum amount that can help you at the time of your child's college admission at the age of 18 years

So, for instance, if you buy a critical illness cover of Rs. 25 lakhs for a policy term of 20 years, you will receive the lumpsum amount in case you are diagnosed with an illness that is already specified in the policy document anytime during the policy term.

This plan ensures that you receive a lumpsum amount on being diagnosed with a critical illness.

Not exact matches

And secondly in case I switch to other fund after 3 years what would you suggest that the lumpsum amount which i would receive after 3 years should be invested all together in a new fund or again we should start Sip.

The insured receives 10 % of the sum assured every year for 5 years after the policy term in addition to a lumpsum amount that equals 50 % of the sum assured in addition to compounded reversionary bonus and terminal bonus, they have not been declared by Future Generali Life Insurance.

Income Replacement Option: In case of death or diagnosis of Terminal Illness, the nominee will receive 12 times the chosen monthly income as lumpsum as well as a level / increasing monthly income for residual policy term.

Income Option: Option that gives your family the opportunity to receive a monthly income (level or increasing) along with the lumpsum mentioned under Life option

Policyholder also has the option to receive the maturity proceeds in lumpsum or in instalments.

Lumpsum: When one opts for lump sum payout option, the nominee receives the death benefit as lump sum one - time pay.

Term life insurance is insurance in the purest sense, where, in the event of the Life Assured's untimely demise any time during the policy term, his beneficiary receives the full amount of the Life Assured either in the form of a lumpsum amount or as regular payouts.

In case of any unfortunate event, if the husband dies in the 5th year from the inception date of the policy issuance during the policy period, the surviving partner will receive the sum assured of Rs. 1 crore as a lumpsum.

Survival Benefit - In case of survival of the policy term, you will receive your total premiums back In case of Lumpsum + Monthly Payouts

Return of Premium Option: If the policyholder survives till the end of the policy term, he will receive the total premiums paid under this plan option.In case of life assured's death or being diagnosed with any of the Terminal Illness during the Policy Term a Lumpsum benefit will be paid to the nominee.

However, if you avail of the ATPD Rider, you can submit a claim under the same and receive the Rider Sum Assured in lumpsum.

Lumpsum + Fixed Monthly Income Benefit: This option shall help the nominee to receive 10 % of the death benefit at the time of death and remaining amount as part of regular monthly income over a period of 15 years

At the time of maturity of the policy, the policyholder can opt to receive Fund value as a lumpsum amount or receive the settlement option

This lumpsum amount you receive as a critical illness benefit can be utilized for your advanced medical treatment, paying your EMIs / loans, household expenses, etc..

At the time of maturity, the policyholder can choose to receive the fund value as maturity benefit at one go in one lumpsum amount or receive it in instalments over a period of 5 years after maturity

For instance, if you take a term plan with a Sum Assured of Rs. 1 crore for a term of 30 years and God forbid if you meet with an untimely demise during this tenure, your family will receive this amount as a lumpsum or regular monthly income, as the option selected by you.

And in case of death or diagnosis of a terminal Illness that is covered, the nominee will receive 12 times the applicable monthly income as lumpsum as well as a level / increasing income for residual policy term.

The nominee has the option to receive the sum assured on death as a lumpsum or staggered payment, as applicable under the plan.

In some cases, the lumpsum amount is paid and in others the family receives the partial amount immediately and the remaining amount is paid on monthly basis for a specific period.

In case of your untimely demise, your family will receive the Rs. 1 Crore lumpsum which will help ease the financial burden.

Even during the Payout Period, you will have an option to receive the present value of the outstanding Survival Benefit as lumpsum (Commutation Option).

On death during the policy term, the nominee will receive a guaranteed lumpsum payout with an option to convert it into monthly income for 10 years.

There is also an option to receive the Maturity Benefit in monthly instalments over a period of 5 to 10 years instead of lumpsum.

For example, in case of death due to accident or suicide, your nominee may receive the entire lumpsum from one insurer while receive no money at all from the other insurer.

Under this option, in the event of death of the life insured during the tenure of the plan, the nominee will receive the sum assured as a lumpsum payment.

In case of death of the Annuitant within the Policy Tenure, the nominee will receive 101 % of Total Premiums paid till date + Bonuses, subject to a minimum of 105 % of total premiums paid till date as Death Benefit which can be taken by the nominee as a lumpsum or as annuity.

Your nominee can receive the entire cover amount either as lumpsum or a mix of lumpsum and monthly income

While receiving the Death Benefit in monthly installments, the beneficiary can also choose at a future date to commute all outstanding payouts and receive the present value of future outstanding payouts as a lumpsum as provided under the commutation option.

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.

, your nominee / beneficiary will receive the sum assured amount as a lumpsum in the event of your unfortunate demise.

Under this benefit, the insured has the flexibility to split the life cover amount for the nominee to receive as lumpsum and the remaining life cover will be paid in equal monthly payments for 10 years.

Scenario II: In case of demise of Rajeev during the 6th policy year, the nominee receives a benefit of Rs 2,29,660 as lumpsum, and the policy then terminates.

The nominee may choose to receive the entire benefit as a lumpsum or utilize the same, partially or fully to purchase Immediate Annuity.

You have options to receive the total value of the fund on maturity in lumpsum or monthly installments paid over 5 year period post maturity

In the event of death, your nominee will have the flexibility to receive the death benefit as lumpsum or purchase annuity

In case of death of the Annuitant within the Policy Tenure, the nominee will receive the Total Premiums paid to date accumulated at a Guaranteed Rate of 6 % p.a. compounded annually as Death Benefit which can be taken by the nominee as a lumpsum or as annuity and the policy terminates.