Sentences with word «reversionary»
The word "reversionary" refers to something that relates to or involves the act of reverting back to a previous state or owner. Full definition
Death Benefit = Sum Assured on Death + vested Simple Reversionary Bonuses + Final Additional Bonus if any.
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This policy accrues Simple Reversionary Bonus compounded annually.
On death during the PPT, Sum Assured + accrued Reversionary Bonuses + Terminal Bonus, if any is paid to the nominee
Guaranteed Maturity Sum Assured equal to Sum Assured plus Vested Compound Reversionary Bonuses, if any, plus Terminal Bonus, if any, shall be paid
Some annuities allow for reversionary beneficiaries.
Generally, the amount of reversionary bonus depends on the performance of policyholders» fund managed by the insurer.
The portion of Ann's reversionary pension from a taxed source ($ 40,000) exceeds her defined benefit income cap for the year by $ 40,000.
Non Guaranteed Simple Annual Reversionary Bonuses get accrued to the policy from the end of 1st policy year and get paid out on Maturity or on death.
Even if I consider the value of 48 for reversionary bonus and value of 1300 for FAB, the return is 6.14 % p.a. Need I say more?
The term equivalent yield (EV) is typically associated with the valuation of reversionary freeholds, a term normally found in UK valuation literature.
In case of survival of the life Insured on completion of the 15th policy year, he / she will receive Reversionary Bonus accrued during the first 15 policy years.
Participation Bonus - SBI Life Smart Money Back Policy is entitled to share the profit coming out of participating life insurance business as reversionary bonus and terminal bonus.
In case of death, Basic life insurance cover along with accrued non-guaranteed reversionary bonuses and terminal bonuses, if any is given to the nominee of the plan
If you need to report multiple child death benefit income streams or child reversionary income streams per member you must complete multiple reports.
Guaranteed reversionary bonus of 3 % up to 31 - Mar - 2021.
The plan is eligible for bonus as it is a participating plan which offers reversionary and terminal bonus as and when due.
Endowment plans are insurance policies which provide a cover against risk and also give the guarantee of return that generally includes the return of the sum quoted plus the bonus amount which may be specified every year which is also called reversionary bonus and art of the policy term which is called the terminal bonus.
Thereafter, the policy will accrue additional bonus, like reversionary bonuses and terminal bonus.
You need to make a few assumptions about reversionary bonus and final additional bonus.
In other words, the analyst needs to ensure that the required overall return by investors for comparable reversionary freeholds does not incorporate any future rent growth or decline.
If you are reporting a child death benefit income stream or a child reversionary income stream you can only report one event per report.
See LCR 2017/3 Superannuation reform: Superannuation death benefits and the transfer balance cap for more detailed guidance on reversionary beneficiaries and death benefit income streams.
The period up to the rent review (which in our example includes years 3,4 and 5 of the lease term) is typically called «term» and the period after the review (in our example years 6 to 20 of the lease duration), during which the rent is expected to revert to today's market rent, is referred to as «reversion», hence the term reversionary freehold.
No further reversionary bonus shall be attached from the date the policy has been paid - up, and not even guaranteed bonuses.
Besides reversionary bonus and terminal bonus, in case of claims made midway during a financial year an interim bonus can also be applicable.
I've googled reversionary bonus and can see that it's a an addition to insured benefits (often made annually).
More active portfolio management, reversionary rent potential & development opportunities / gains will now become far more important.
It is equipped with both long term reversionary i.e., long - term returns, and final accumulated bonuses - giving an extensively increased sum assured on death, once every 5 years.
In 1776 the Society carried out the first actuarial valuation of liabilities and subsequently distributed the first reversionary bonus (1781) and interim bonus (1809) among its members.
The basic sum assured attracts reversionary bonuses which are used to distribute profits to the policy.
100 % of sum assured + Compounded Reversionary bonuses1 (if any) + Terminal Bonus2 (if any) at end of the Policy Term
Offersnon - guaranteedsimple reversionary bonus along with guaranteed additions at the time of maturity.
Savings grow with yearly reversionary bonuses and a lump - sum maturity addition.
SBI's Saral Pension plan, for instance, provides a guaranteed bonus of the simple reversionary variety for the first 5 years at 2.50 % of the sum assured, and 2.75 % for the next 2 years.
Contingent Reversionary Bonus is declared in every financial year and it is accrued when a policy is paid - up or fully paid policy is surrendered.
However, as per File & Use of the products under reference, the death benefit payable is the Basic Sum Assured plus attached reversionary bonuses plus interim and terminal bonuses.
The claimant (s) will receive: a) Terminal Bonus, if any b) Terminal Bonus, if any, less Reversionary Bonus already paid as a part of Income Benefit.
Additionally, reversionary cap rates — the cap rate used to figure the financial benefit an investor expects to gain upon exiting an investment — have increased, he says.
If the policyholder has paid all the premiums that is the full amount and survives till the end term of the policy than the Maturity Benefit will be included in the Sum quoted on the maturity plus the vested Simple reversionary benefits and the Final Additional Bonus if any is there will be added.
This is called an auto - reversionary pension.
In this new insurance scheme on maturity, you will receive guaranteed sum assured along with vested compound reversionary bonus and terminal bonus, if any, provided the policy is in force and all due premiums have been paid.
A non-guaranteed simple annual reversionary bonus gets accrued to the Policy from the end of 1st Policy year and will get paid out on Maturity or on death.
On death of the policyholder, SA on death + accrued reversionary bonuses + Terminal Bonus, if any, is paid
Reversionary beneficiary: Somebody who receives a benefit, such as a retirement income stream, or its remaining value, when you die.
At the time of maturity or death, sum assured along with accrued non-guaranteed reversionary bonuses and terminal bonuses, if any, are paid to the policyholder or the nominee
This percentage is applicable to the Guaranteed Maturity Benefit and the Vested Bonus under the policy to determine the amount of reversionary bonus to be added to the policy at the end of that financial year.
On maturity, the Sum Assured including the accrued bonuses, guaranteed reversionary bonus and terminal bonus, if any, is paid to the policyholder
It offers reversionary bonus that is paid at the end of the policy period.