Sentences with phrase «rider premiums»

"rider premiums" refers to additional fees or costs that a person pays to include certain extra features or benefits in an insurance policy or contract. Full definition
The plan offers following riders on a payment of an additional rider premium can be opted under this plan.
Maximum premium along with other rider premiums, if any will be restricted to 30 % of the base product premium.
Here the return of premium excludes extra or rider premium along with first year premium.
«Extra Life Option» for additional accidental death benefit can opted, on payment of applicable rider premium.
The maximum rider premium for standard life is Rs 46,287 for age at entry of 65 years, rider term 5 years and SA 15 lacs.The Term Rider Plus Rider premium shall, in no case exceed 30 % of premiums (including extra premium, if any) payable under the base policy.
It is calculated as 5 % of cumulative premium (excluding rider premium) paid till that policy anniversary.
Conditions >> As mandated by IRDAI rules, the total rider premium under all riders put together can not exceed 30 percent of the base plan premium.
However, on surrender of the basic policy to which this rider is attached, provided all the due premiums in respect of this rider have been paid, additional rider premium charged in respect of cover after PPT shall be refunded as follows:
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.
This plan offers Income Benefit on Accidental Disability Rider and Critical Illness Plus Riderwhich can be taken by paying a nominal extra rider premium.
The present value of the future Premium (including rider premium, if any) to be waived, discounted at the rate of 6.5 % p.a.
The maximum rider premium shall, in no case exceed 30 % of premiums (including extra premium, if any) payable under the base policy
Note that if you have certain riders, such as paid up additions or life insurance supplement riders, failure to pay interest on your loan when due may result in an increase to your minimum rider premiums.
Samir can claim tax benefit under Section 80C on the total premium paid out on his term plan i.e. including critical illness rider premium as also other riders.
IF SO, ONCE IN HOW MANY YEARS DO THEY REVIEW THE CRITICAL ILLNES RIDER PREMIUM (I DO UNDERSTAND THAT THE BASE PREMIUM OF THE TERM PLAN DOES NT INCREASE)
If your policy is discontinued any time during the first five policy years, discontinuance values displayed will only be payable after completion of five policy years.The past performance of any of the unit linked funds is not necessarily an indicative of the future performance of any of these funds.The mortality charges and rider premium rates are subject to underwriting of the proposal, and may increase before the acceptance of the risk.
This plan offers e-Accidental death benefit rider, which gives out a lumpsum benefit in the event of accidental death in addition to the basic death benefit at an addition rider premium.
Further, in order to ensure additional protection, he also buys Max Life Term Plus Rider (Rs. 10 lacs rider sum assured with 20 years rider premium payment term) at a nominal incremental price.
It is incorrect for the insurer to load the ADB rider premium, but then it retains the right to set prices.
«Extra Life Option» for additional accidental death benefit can be opted, on payment of applicable rider premium.
LIC's Premium Waiver Benefit Rider can be opted under this plan, on payment of additional rider premium.
Maximum premium along with other rider premiums, if any will be restricted to 30 % of the base product premium (for non-term products).
On the unfortunate demise of the life insured, the higher of total premiums paid (excluding rider premium) compounded monthly at 1 % per annum interest plus accrued guaranteed additions plus the accrued bonuses, as on the date of death OR 105 % of premiums paid.
Individual accident insurance policies have several advantages — no pre-issuance medical tests, fixed premium at any age, and lower rates than rider premiums charged by life insurers.
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)
Future Generali Accidental Benefit Rider is available with this plan for the payment of an extra rider premium.
The illustration should have your personal identifying information, including issue age, sex, smoking status, issue date, and any rider premiums.
I have purchased Bima Gold policy for 5 lakh premium i.e. 24817 / - plus rider premium 500 / - in 2012.
This is because if you buy an inflation rider with annual increases more than what life insurance actuaries think will probably happen in the Real World (with CPI inflation), then the rider premiums will escalate so much that you won't believe it.
The rider premium is level in all years.
Premiums shall be less the additional rider premiums or any other premiums.
* Annualized Premium and total premium is exclusive of extra premium, rider premium, Goods and Service Tax, if any
Policy Termination or Surrender Benefit: the rider does not have any Surrender Value but the rider premium is refunded to a certain extent only in case of Single and Limited pay options where the policy can be surrendered form the 2nd year or after 2 / 3 years respectively.
The Sum Assured, under the rider, can not exceed the Base Sum Assured, and the rider premium should not exceed 30 % of the base premium.
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.
Discontinuance of rider premium will be applicable from the upcoming premium payment due date.
So total premium is the sum of policy premium and rider premium.
Some illustrations omit the guaranteed values for the paid - up additions rider, even though the rider premium is included.
* Annualised Premium is exclusive of extra premium, rider premium, loadings for modal premiums, Goods and Service Tax, if any.
Note: The Annual Premium and Monthly Premium mentioned in the table above is excluding taxes, rider premiums and extra premium if any.
105 % of total premiums paid as on date of death (excluding taxes, rider premium and extra premiums, if any), or
Guaranteed Maturity Sum Assured is equal to: - Option A: 100 % of total premiums paid (excluding taxes, rider premium, modal loading and extra underwriting premium, if any) Option B: 115 % of total premiums paid (excluding taxes, rider premium, modal loading and extra underwriting premium, if any)
* Annualized Premium and total premium is exclusive of extra premium, rider premium, service tax & cess, if any
Note: Premium shown above is exclusive of any extra premium, rider premium, Goods and Service Tax.
This charge shall be levied on the Allocation charge, Mortality charge, Fund Management Charges, Policy administration charge, Switching charge, Miscellaneous charges on STP option and rider premiums.
Service tax will also be applicable for rider premium and has to be paid along with the rider premium
Note: The premiums above exclude taxes, rider premiums and extra premiums, if any as these are collected separately in addition to the regular premium for this product.
(2) The Annual premium and Monthly Premium mentioned in the table above is excluding taxes, rider premiums and extra premium, if any.
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