Sentences with phrase «rider premiums charged»

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.

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:

Not exact matches

You can mitigate this risk by electing the No Lapse Guarantee Rider on the universal life policy you choose.This rider ensures that if you fund the policy at a premium level required to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly charges.

There are two separate types of waiver riders available: the Disability Waiver of Policy Charges Rider and the Disability Continuation of Planned Premiums Rider.

These policies charge you an additional premium so that at the end of your term, 100 % of all premiums pay (for the base policy as well as the return of premium rider) are paid back to you if death has not occurred.

Premium charge: There are no separate premium charges for the accelerated death benefit riders.

Add a waiver of monthly charges rider, which will waive policy premiums if you become disabled.

The rider is available at no premium charge on the issue date of the base policy.

A single - premium indexed annuity that offers protection from market loss, a 10 - year surrender charge period, and suite of optional riders.

Also, the Insurance Regulatory and Development Authority (Irda) has capped the premium of a rider at 30 per cent of the base policy, which basically means that if the yearly premium of a policy is Rs 10,000, the insurer can not charge more than Rs 3,000 for a critical insurance rider.

Some of these common riders and endorsements come standard and may be automatically included with your policy at no additional charge, while others require you to pay an additional premium.

However, riders offer extra protection and in comparison the additional premium charge is a lot lower than buying another standalone policy to get the same benefits at a higher premium rate.

But with a room rent waiver rider, you can choose a better room and the premium that will be charged would be minimal.

Costs vary per insurer and applicant; insurance companies typically add the rider fee to the premium or charge an upfront fee.

The best life insurance companies you can work with, if this rider is valuable to you, are the ones who automatically include it and those who don't charge additional premium for it.

At the end of the level premium period, the cash value of the in - force policy equals the total of cumulative premiums paid, less any charges for substandard ratings and riders.

The plan returns all premiums, minus any fees, extra charges or premiums for optional riders paid by the policy owner at the end of the 20 - year term if no claim has been made.

Some insurers will charge an additional premium for the rider while others will charge you only if you use it.

The Farmers Essential Life Simple Whole Life insurance policy essentially combines the traditional guarantees of whole life insurance, with various optional riders that can be added (at an additional premium charge).

This return of premiums paid does not include any substandard charges (extra charges for health problems) and rider charges (extra benefits such as disability coverage), if any, which will be paid to the policy owner at the end of the life insurance policy period, if the life insurance policy is still in force at that time.

Child rider — Exactly what it sounds like, this lets you insure multiple children for one extra charge on top of the premium to your policy.

You should be aware that any rider will come with an extra charge in your premiums.

Note: The addition of this rider may lead to a slightly higher premium, however, there are certain insurers who may not charge you at all for this rider.

This rider may automatically come with the purchase of a term policy, or it may be available at time of issue for an additional premium charge.

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.

Pension Maximiser Option - 101 % of total premiums paid (including Top - Up premiums paid, if any), exclusive of rider charge, if any

This is because there are many factors involved like change in base premiums, rider costs, tax component, lapse charges etc..

When the insured opts for additional riders with the base policy extra premium is charged.

If a policy with accident benefit rider option is surrendered after attaining surrender value, then a part of the additional premium charged for providing cover after the premium payment term that is after 20 years of policy will also be refunded by us in case of permanent disability due to accident.

Many life insurance policies offer a variety of optional coverage benefits called «riders» that may be available to policyholders for an additional premium charge.

Much like an individual life insurance rider called a «waiver of premium rider», the disability income rider will usually wave insurance premium charges in the future.

Most often, a small amount of premium or, in some cases, no premium is charged for this rider.

In case if Terminal Illness benefit is paid and the Life Assured survives till the end of Policy Term, all premiums paid (exclusive of service tax, rider premiums, and extra premium charged if any) will be returned back.

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.

your explanation about tenure and riders is misleading the fact is that the longer the period, the premiums rate gets reduced as one pays for a longer period rider cost money no doubt, but it is a very small fraction of the base premium and the benefits that one can derive from riders far exceed the premium charged

Most riders increase your premiums each year based on the size of your policy; a few charge fees only if you exercise them.

The waiver of premium of rider is an option that may be offered at the inception of the life policy and for which an additional premium is charged.

Some carriers include the following riders in a life insurance policy, without any additional cost: - Accelerated benefit rider (partial benefit paid in case of terminal illness)- Accidental death benefit (additional benefit in case of accidental death)- Waiver of premium (most companies will charge extra premium for this rider).

However, some riders only resultin an extra premium charge when increases in coverage actuallyoccur.

(Note: The riders specified above may vary from insurer to insurer and can be bought by payng additional premium charges)

110 % of total premiums paid (including Top - Up premium, if any), exclusive of rider charge, if any, if the insured has opted for Pension Preserver Option.

101 % of total premiums paid (including Top - Up premium, if any), exclusive of rider charge, if any, if the insured has opted for Pension Maximizer Option.

The premiums paid during the policy tenure (except for the service tax, rider premium or any extra premium, if charged) will be returned back as maturity benefit in case you survive the policy term and the policy is premium paying.

I was just reading the language in a Banner Life policy I have and speaking to the cost of the benefit, it says, «There is no premium or cost of insurance charge for this rider.

Unlike regular term policies, return of premium term life insurance rewards you for keeping the policy by giving a guaranteed return of your total cumulative premium paid on the policy during the level term period, not including substandard (extra charges for health) and rider charges (extra benefits such as disability coverage), if any, which will be paid to the policy owner at the end of the level term period if the policy is then in force.

This rider is included at no additional charge (cost of this rider is included in every policy premium).

The gross premium (i.e., the premium charged not taking dividends into consideration) not including any additional benefits provided by any riders (e.g., waiver of premium).

Also the premium charged for above riders would not exceed 30 % of base premium.