Sentences with phrase «rider premium amounts»

The sum assured on death amount is 125 % of the basic sum assured or 10 times the annualized premium, whichever is more and is not lesser than 105 % of the total premiums paid by the policyholder until the time of his / her demise (this is not inclusive of taxes on premium amounts and extra, and rider premium amounts if any)

You can choose from various available riders such as Accidental Death Benefit, Critical Illness rider, Family Income Benefit, Waiver of Premium, etc. by paying additional rider premium amount.

Not exact matches

Take your time to compare how different death benefit amounts, policy features, and riders may influence your monthly premium rate.

Make comparisons of premium costs for many different policy variations such as the death benefits amount, and optional riders.

For example, a disability income rider waives your insurance premium and will provide your family with a supplementary income, based on the total amount of your coverage.

Death Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments received.

For DIAs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments received.

Waiver of Specified Premium Rider: the waiver of premium rider credits a specified premium amount to the policy, helping you make premium payments if you suffer from a qualifying total disability.

Primerica also offers several riders which act as add - ons to their term coverage, allowing you to customize a policy to your financial situation, though each rider will typically increase your premiums by a small amount.

Each policy can be customized using riders, which are policy add - ons that will increase your premiums by a small amount.

I read it's 30 % of premiums excluding first year and any additional term rider / accident rider premium.In that case the amount would be very low to what I have paid for these years.

This reduction in retirement income is due to the amount of premiums paid to buy the income inflation rider - plus all of their built - in fees.

Return of Premium — This rider will return the total amount of premiums you have paid during the life of the policy.

If the base policy's premium or other riders» premiums change, the Waiver of Premium premiums will be applied to the new premium amounts.

If the insured has not died, the rider allows the return of the entire premium amount upon completion of the term.

Riders are optional clauses in insurance policies which offer additional financial security by payment of a nominal extra amount over and above the premium to cover disability, death etc..

For that reason, child riders are a good way to receive a low amount of coverage in return for a low increase in premiums.

In this case, for a small addition to your monthly premium, a student loan disability rider adds on coverage to the benefit amount that goes toward student loan payments.

In addition, some of the best life insurance companies in India offer comprehensive plans that also take into account these expenses or provide optional riders that allow you to add these covers for some additional premium amount.

If you avail a rider together with an insurance plan may marginally increase the amount of premium based on the kind of rider purchased by you.

Zero Depreciation cover: This is almost a must - have rider for a Car Insurance policy especially for higher end cars where the depreciation amount would be much higher than the additional premium payable.

For instance, if your base sum insured is Rs 2 lakh, your premium outgo will be around Rs. 3233, out of which Rs. 717 will be the amount that you would have to pay towards the room rent waiver rider.

Opting for this rider would make your premium amount go up by 15 - 20 %.

After assessing everything, you can work on the online insurance calculator to know the premium, coverage amount, details of riders etc..

In case of demise of the life assured, before the date of commencement of risk, the premium amount excluding the extra premium, taxes and rider premium (if any) is payable to the beneficiary of the policy.

This rider is also useful if you want to purchase a permanent policy, but are unable to afford the premiums for large face amounts at that time or think you may need more coverage later in life.

With this rider, you can specify a monthly benefit amount to be paid toward your policy premium, allowing you to maintain life insurance coverage.

Usually the additional amount of premium to add this rider is extremely affordable considering the possible benefit.

Remember, that each of these riders comes with its own set of stipulations in relation to coverage amounts, policy types, ages and premiums.

Accidental death benefit insurance is not usually included in a basic life insurance policy, so adding it to a standard policy as a rider will likely result in a somewhat higher premium; however, it will pay double the amount of the regular death benefit if the insured dies in an accident.

(This rider will require that an additional amount of premium is paid).

This plan can also be further «customized» by adding various riders such as the children's term rider the disability waiver of premium rider, the accidental death benefit rider, and / or a travel accident rider that provides an additional amount of coverage if the insured dies as the result of a travel related accident.

But be aware that adding an inflation rider that provides a compound 5 percent increase of your benefit amount could potentially boost your premium by as much as 80 percent.

This rider allow the owner to direct dividends into a separate account and purchase amounts of single premium variable life insurance.»

There is a maximum premium amount that this rider will pay, based on the amount of your policy.

Platinum boasts multiple new features at no additional cost, including a return of premium rider, guaranteeing the policy's cash surrender value will never be less than the premium payment; accelerated benefit riders for chronic illness, critical illness, and terminal illness; and a charitable giving rider, a unique feature that provides an additional death benefit of 1 percent of the policy face amount to the applicant's charity of choice.

This is a fantastic rider combo as the waiver of premium will cover your premium on the original face amount, plus additional coverage you purchased under the GIO rider.

Dear Rajeetta, The more value added features / riders you add, you have to bear more premium amount.

These riders make your insurance policy much stronger by adding just a little more to your annual premium amount.

When you buy a liability cover, a personal accident cover is provided for the rider - owner on a premium amount of Rs. 50 for a sum insured of Rs. 1 lakh.

But each additional rider will cost you further in terms of extra premium amount.

I read it's 30 % of premiums excluding first year and any additional term rider / accident rider premium.In that case the amount would be very low to what I have paid for these years.

Growth of the whole life insurance cash value depends on a variety of factors, including the premium amount and the level of fees charged by the life insurance company, the performance of the investments the insurance company makes, the amount of claims paid and properly blending available policy riders.

The insurance company also pays an additional lump sum amount in case the insured has to undergo of any surgeries Premium Waiver rider: This rider offers waiver of future premiums in case of critical illness of the life insured, death or total and permanent disability

John's agent explains that by purchasing the Return of Premium rider, he will receive the entire amount of premium dollars paid to the insurer if he outlives the policy.

Keeping this in mind, guaranteed insurability riders allow the insured person to add additional insurance amounts at specific times / events, at an additional premium.

This rider is helpful as it helps the insured to get the sum assured without having to keep paying the premium or having to wait for the whole term of the money back plan to get the insurance amount.

There is no fixed premium as the amount of premium depends on the following factors - term of the policy, sum assured, payment frequency of premium (monthly, quarterly, half yearly, annual) and the riders opted, if any.

The insured can avail this rider along with the basic coverage by paying some extra premium along with the basic premium amount.

While buying the policy, one can also avail of the accidental disability rider benefit as an add - on coverage to the policy, by paying an extra premium along with the basic premium amount.