Sentences with phrase «return of purchase price»

If I were you and had to purchase an annuity plan, I would have gone with Life annuity with return of purchase price.

If you have no financial dependents and do not want plan to leave an estate for your family, purchase an annuity plan without return of purchase price.

He added that this option of return of purchase price can be effectively utilized for passing inheritance to policyholder's legal heir.

1) Selects Annuity option - Life Annuity with return of purchase price on death and chooses the Annuity payout frequency

Scenario I: Kiran, survives till vesting and utilise the entire corpus to purchase Immediate Annuity Plan with Life Annuity with Return of Purchase price option from RNLIC.

Under the option of Life Annuity with Return of Purchase price in parts, if the annuitant survives 7 years, 30 % of the purchase price is paid and the annuity continues.

Annuity for life with 100 % annuity for spouse after the annuitant's death and also Return of Purchase Price after death of the last survivor

Insurance21 Replied: 19-09-2017 18:33:46 Both the options provide return of purchase price on policy holder death, you can use calculator to know the pension rate and select as per your choice.

The remaining fund will be paid to the beneficiary of the policy in case the annuitant chooses return of purchase price.

Death benefit on certain annuity options that provide for return of purchase price or annuity to your spouse

Joint Life Last Survivor with Return of Purchase Price on Last Death: Under this option, the annuity shall be paid at a constant rate till either of the annuitant and spouse are alive.

Joint Life Last Survivor with Return of Purchase Price on death of Last Survivor (100 % of annuity to spouse)

This plan also offers annuity with an option of return of purchase price in case of the death of annuitant.

Joint Life, Last Survivor without Return of Purchase Price - Annuity is paid till the demise of the life insured and after that till the death of spouse or the last survivor.

Scenario 2: Death Benefit - Individual chooses to invest in Max Life Forever Young Pension Plan with Max Life Partner Care Rider and after 10 years his wife aged 50 chooses to invest the entire corpus in Max Life Guaranteed Lifetime Income Plan with Single Life with Return of Purchase Price option Considering that Mr. Sharma passes away at age 50, after paying premium for 10 years.

There is also an option of return of purchase price in this plan along with the annuity in case of the death of annuitant.

Select annuity options that provide return of Purchase Price (or Premium) to your nominee after your (annuitant / s) death

Annuity for whole life along with the return of the purchase price after the death of policy holder

One is life annuity and the other is life annuity with return of Purchase Price.

He decided to purchase Max Life Guaranteed Lifetime Income Plan - Joint Life Annuity for Life that offers a Return of Purchase Price at Rs. 10,00,000 (excluding all the taxes and cesses).

This Future Generali Life Insurance plan is open to anyone between the ages of 40 to 80 years and comes in two variants: Life Annuity and Life Annuity With Return of Purchase Price.

But if the Life Annuity with Return of purchase Price option is chosen, then the purchase price is payable to the nominees.

Answer: This policy gives us the option to receive a return of purchase price at the time of the death of the policyholder.

In the case of Life Annuity with Return of Purchase Price option, the purchase price (single premium paid at commencement) shall be payable to the nominees besides the annuity installments already paid

Joint Life, Last Survivor with Return of Purchase Price - Retirement pension can be received by the insured till he / she dies and after that till the demise of the insured or the last survivor.

Life Annuity with Return of Purchase Price in parts — 10 % of Purchase Price if surrendered within 7 years and 7 % thereafter

Life Annuity with Return of Purchase Price - Retirement fund is paid till the death of the insured person.

If the annuitant commits suicide, no benefit will be payable but if the Return of Purchase Price Option is chosen by the policyholder, then, on suicide, the Purchase Price is paid back to the nominee

Joint Life, Last Survivor with Return of Purchase Price: This option pays annuity throughout the life of the annuitant and on his / her death, continues the annuity during the lifetime of the named spouse.

Life Annuity with Return of Purchase Price: This option pays annuity for life to the annuitant.

Joint Life, Last Survivor without Return of Purchase Price: This option pays annuity throughout the life of the annuitant and on his / her death, continues the annuity during the lifetime of the named spouse

The most common annuity plan you will hear about is Immediate Annuity for Life with Return of Purchase Price.

Higher ages at entry may be allowed for Life Annuity with Return of Purchase Price Option and Joint Life Annuity with Return of Purchase Price options to cater to the needs of NPS subscribers as per extant PFRDA guidelines.

Joint Life, Last Survivor with Return of Purchase Price: This option enables you to receive the pay - out amount for life, and in your absence, allows your spouse to receive the same amounts for life.

You can choose the return of purchase price option to protect your nominees so that they can get back your investment amount

TATA AIA Life Insurance Group Immediate Annuity with Return of Purchase Price: A plan that helps you convert your employer's corpus to regular income.

Offers you with the choice of 4 annuity options, life annuity, life annuity with return of purchase price, joint life last survivor annuity for life and annuity certain for 5/10/15 years

Life Annuity with Return of Purchase Price: The life annuity shall be paid at a constant rate throughout the lifetime and at the time of death of the policyholder, the purchase price shall be returned to the nominee

Life Annuity with Return of Purchase Price: Under this option, you receive pay - outs for life, but in the event of your death, the purchase price of this plan is returned to your nominee.

Joint Life, Last Survivor without Return of Purchase Price: Under this variant, you receive pay - outs throughout your life, and in your absence, these pay - outs are given to your spouse for life.

The plan offers the return of purchase price to the nominee after death of the annuitants.

But if the Life Annuity with Return of purchase Price option is chosen, the purchase price is returned to the nominee

In case the policyholder chose the option with the return of Purchase Price, then the policy terminates when the purchase price that was paid by the policyholder is refunded to his or her nominee.

Life annuity with return of purchase price — In such a plan, the purchase price is returned to the nominee if the annuitant dies within the policy period.

May 8th, 2014; Mumbai: A new plan is launched by Bajaj Allianz Life Insurance with an option of return of purchase price - Pension Guarantee....

Life Annuity with return of Purchase Price in which payouts are received as long as the annuitant is alive.

The policy terminates on the death of the annuitant where the option of Life Annuity or Annuity for Life increasing @ 3 % per annum simple interest or Life Annuity with Return of Purchase Price is chosen.

Surrender must be allowed once your policy completes at least one policy year only for the Annuity Option - Annuity with Return of Purchase Price, under the circumstances mentioned in the table below:

Annuity during the life time of the annuitant with return of purchase price on death of the annuitant