Sentences with phrase «renewal premium»

Ideally there should not be any waiting time for paying renewal premium at cash counters.

For annual policy, earn a cumulative discount of 5 % on renewal premium for each claim free policy year, up to a maximum of 50 %.

If you haven't, you can use car insurance renewal premium calculator online and get the premium details at time of renewal of your insurance policy.

If you fail to pay the policy renewal premium on time, then you will be uninsured again, i.e. the coverage provided to you by your health insurance policy will be taken back.

This annually increasing renewal premium scale differs from Annual Renewable & Convertible Term rates in that the premiums are much larger.

Therefore, the «only high risk individuals renew» factor is already built into the price, resulting in a high renewal premium.

This annually increasing renewal premium scale differs from Annual Renewable & Convertible Term rates in that the premiums are much larger.

Five days premium is the minimum acceptable renewal premium and twelve month's premium is the maximum.

In the case of renewable term policies, check the policy illustration for the schedule of future renewal premiums.

Whole Life policies are more expensive than Term Life policies but do not expire and hence have no different renewal premium.

If you used car insurance renewal premium calculator at the time of buying insurance, you're well aware of the ease of using the calculator tool.

In case you paid your health insurance renewal premium via cash last year, you would not be able to claim tax exemption, based on that payment.

On the final page you'll be presented with your new renewal premium, your new cover dates as well as other important information about your policy.

Please tell me when to choose renewal premium and when to choose additional (top up) premium option while paying premium online.

In traditional plans like term or endowment plans, service tax is applied on the premium payable at the rate applicable when the premium payment is due on renewal premium or single premium.

In case your next renewal premium payment falls due within next 15 days, you need to pay that premium through available options - cash / cheque / demand draft / online.

A percent of discount is deducted from the policy renewal premium.

A policy with the lowest initial premiums may have higher renewal premiums than other policies.

A specified length of time following a premium due date at which an insurance renewal premium may be paid without penalty.

Five days premium is the minimum acceptable renewal premium and twelve months premium is the maximum.

In financial year 2013, the business premium along with renewal premium of Reliance Life Insurance which is a part of Reliance Capital is Rs 4,015 crore.

SBI Life said the increase in net premium income was primarily due to increase in retail new business premium and also due to increase in renewal premium from retail business

It is the termination of an insurance policy because of non-payment of renewal premium by the policyholder.

You can pay your National Insurance renewal premium online through Internet banking or use a Debit / Credit card for the same

No Claim Bonus - A discount is declared on renewal premiums if there is no claim in any year and the plan is renewed within 90 days of the expiry of the previous plan.

The only difference is that you pay around Rs. 15,000 as renewal premium for a car worth 5 - 6 lakhs whereas in case of Term Insurance you can get a cover for Rs. 1 crore by paying the same premium amount.

Life insurance industry collected renewals premium of Rs 1.79 lakh crore, as on March 31, 2013, said data from Life Insurance Council.

Renewal linked premium grew at 5.5 per cent to Rs 24,191 crore from Rs. 22,931 crore while non-linked renewal premium grew at 24 per cent Y - o - Y to Rs 49,384 crore from Rs 39,886 crore.

It also saves the headache of applying to different companies, doing medicals many times over, paying renewal premium for each policy every year, and a lot of hassles for the nominee when applying for a claim.

If you do not pay renewal premium within the grace period after the due date, the policy lapses.

iii) In respect of renewal premiums received with outstation cheques / demand drafts at the place where the premium is received, the closing NAV of the day on which cheques / demand draft is realized shall be applicable.

In order to help in offsetting this trend, insurers need to build additional renewal premium charges into the policy in later years to help in covering the additional mortality cost that is associated with this adverse selection.

In order to help with offsetting of this trend, life insurance carriers have to build additional renewal premium charges into the policy — especially in the later years of the coverage — to help in covering the additional mortality cost that is associated with this adverse selection.

What this means for term insurance is that renewal premium also rises exponentially, such that they become unaffordable during retirement.

Use the Auto Pay System (ECS / Direct Debit / NACH) facility to make renewal premium payments through your bank account.

Life insurance grew 9 per cent, garnering a premium of Rs 10,624 crore with new business premium at Rs 4,491 crore and renewal premium at Rs 6,133 crore, the release said.

In case of non-receipt of LIC Bima Bachat renewal premium receipt, premium paid certificate can be collected from the servicing branch of your LIC Bima Bachat policy

Then go to iSecure More Plan and select the option of pay renewal premium now and can complete the whole renewal process in a simple and hassle - free way.

For the period April - June 2010, the unit linked renewal premium of private life insurers has grown 12.40 per cent to Rs 7,945 - crore as against Rs 7,047 - crore in the year - ago period.

The insurance company further waives renewal premiums payable and the policy continues.

But customers will be ineligible to renew their policies with Citizens if they receive private - market offers for comparable coverage with premiums less than or equal to their Citizens renewal premium.