Sentences with phrase «simple reversionary bonus»
Death Benefit = Sum Assured on Death + vested Simple Reversionary Bonuses + Final Additional Bonus if any.
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In case of survival till the policy end, one will get Basic Sum Assured + vested Simple Reversionary Bonuses + Final Additional Bonus, if any as maturity benefit.
The remaining 40 % of Sum Assured along with accrued simple Reversionary Bonus + Terminal Bonus would be paid as Maturity Benefit on survival till the end of the Policy Tenure.
In case of an unfortunate event of death of the Life Insured during the Policy Term, the sum of benefits will be payable to the nominee which is Basic Life Insurance Cover + Accrued Non-Guaranteed Annual Simple Reversionary Bonus + Non-Guaranteed Terminal Bonus accrued till death.
In case of maturity or death claim under endowment plans, total vested bonus is sum of simple reversionary bonus + Final Addition Bonus.
Guaranteed simple reversionary Bonuses for first 5 years; @ 2.50 % for first three years and @ 2.75 % for the next two years, of the Sum Assured.
The non-guaranteed vested simple Reversionary Bonus along with Terminal Bonus (if any), shall be payable as lump sum immediately on Death of Life Insured.
Participating in profits: Policy shall participate in the profits of the company and entitle to vested simple reversionary bonus declared as part of the experience of the company.
Beneficiary gets Death Sum Assured plus vested simple reversionary bonus as on date of death, along with Interim bonus, if any
Non-Guaranteed Annual Simple Reversionary Bonus gets accrued to the policy at the end of each year provided all due premiums are paid.
Terminal Bonus — A Terminal Bonus is a percentage of the accrued simple reversionary bonus which the company may declare.
At the time of maturity, insured is provided simple reversionary bonus along with terminal bonus, if any.
On death of the policyholder, higher of the basic SA on Maturity including Simple reversionary bonuses and Terminal Bonus, if any, or 11 times the annual premiums subject to a minimum of 105 % of premiums paid is payable
The benefit illustration given in this example is based on simple reversionary bonus declared for 2015 - 16 (Latest).
Non Guaranteed Simple reversionary bonus, starting from the first policy year, paid out along with Maturity benefit or Death benefit (whichever is earlier) along with terminal bonus (if any)
The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is inforce.
Let's assume LIC announced Simple Reversionary bonus of Rs 49 per thousand of Sum Assured for each of those 15 years.
The plan accumulates simple reversionary bonuses by participating in the profit of the company and final addition bonus is declared on the basis of the experience of the company.
These bonuses can be of different types like Simple Reversionary bonus, Loyalty addition, Final Additional bonus etc., So, traditional plans have two components i.e. i) Life cover & ii) Investment Component.
The maturity payouts are enhanced through Simple Reversionary Bonuses and Terminal Bonus, if any
Boost your retirement savings with regular simple reversionary bonus and terminal bonus, if any
I have also assumed Simple Reversionary Bonus @ Rs 70 per Rs 1,000.
For the last two years, LIC has paid simple reversionary bonus of Rs 38 / per Rs thousand of Sum Assured.
This policy participates in the profits of LIC and offers simple Reversionary Bonus and Final Additional Bonus, if any
The plan is eligible for the bonuses declared by the company.A simple Reversionary Bonus which is declared at the end of each financial year and is payable either on death or on maturity, whichever event happens first.
The Company may declare Non-Guaranteed Annual Simple Reversionary Bonus rate at the end of every financial year in accordance with its internal guidelines.
Hence, the additional Simple Reversionary bonus is payable at the end of the policy.
It is a participating plan which earns simple reversionary bonus, interim bonus and terminal bonus.
On maturity, the basic SA along with the aggregate simple reversionary bonuses and Terminal Bonus, if any, is paid to the policyholder
Guaranteed Smart Benefits are paid for 4 years @ 25 % of the Basic Sum Assured and 25 % of the vested Simple Reversionary Bonuses after the child attains 18 years and till he reaches 21 years
Get Guaranteed Sum Assured plus vested simple reversionary bonus till the end of premium payment term 10 equal installments starting from the 11th policy year till maturity of your policy.
On death, the nominee gets higher of the SA on death and vested Simple Reversionary Bonuses if any subject to a minimum of 105 % of all premiums paid till death
Endowment Option: SBI Shubh Nivesh with endowment options is a traditional participating plan which gives simple reversionary bonuses.
Regular Bonus: Enjoy simple reversionary bonuses that are credited to your policy at the end of each financial year.
Each year simple reversionary bonus is declared as a percentage of the quoted sum under this policy.
Dear Narasimhan, Kindly note that I have included Basic sum assured (Rs 2Lakh) besides Simple Reversionary bonuses + FAB to arrive at Rs 18.9 Lakh as maturity benefit.
So, if you hear about simple reversionary bonuses, final additional bonus, and loyalty additions, you are most likely looking at a participating plan.
This policy accrues Simple Reversionary Bonus compounded annually.
Simple Reversionary Bonus expressed as a percentage of the base sum assured is accrued every year, starting from the first policy year till end of the policy term.
The Company may declare Simple Reversionary Bonus regularly at the end of every financial year and it is added on its policy anniversary.
Under this plan, Simple Reversionary Bonus in announced every year by LIC.
Non-Guaranteed Annual Simple Reversionary bonus gets accrued to the policy at the end of each year provided all due premiums are paid and is payable at Maturity.
Vesting Benefits If the insured survives and the policy is in - force till Vesting Date, the Vesting Benefit shall be: Base Sum Assured + Accrued Simple Reversionary Bonus + Terminal Bonus, if any.
This policy provides Simple Reversionary Bonus and Terminal Bonus that are paid as part of the Maturity Benefit or Death Benefit.
On death of the policyholder, higher of the basic SA on Maturity including Simple reversionary bonuses and Terminal Bonus, if any, or 11 times the annual premiums or 105 % of premiums paid is payable
Simple Reversionary Bonus for the first three years is guaranteed as at least 2.5 % of the basic sum assured.
In case of death of the policy holder during the policy term, the Death Benefit which implies the Sum Assured on Death + Vested Simple Reversionary Bonuses along with Final additional bonus, if any, is payable to the nominee.
Non-guaranteed annual simple reversionary bonus gets accrued to the policy at the end of each year provided all due Premiums are paid and is payable at Maturity.
The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation during policy term provided the policy is in full force.