Sentences with phrase «simple reversionary bonus as»
Beneficiary gets Death Sum Assured plus Vested Simple Reversionary Bonus as on the date of death
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Beneficiary gets Death Sum Assured plus Vested Simple Reversionary Bonus as on the date of death after deducting Reversionary Bonus already paid as a part of Income Benefit, along with interim bonus and terminal bonus, if any.
Beneficiary gets Death Sum Assured plus vested simple reversionary bonus as on date of death, along with Interim bonus, if any
Not exact matches
Maturity Benefit — In case the policy holder survives the entire tenure of the policy then he / she will be liable to avail maturity benefit as final instalment of survival benefit along with terminal bonus plus vested simple reversionary bonus.
Death Benefit - In case of uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus if any.
Simple reversionary bonus and terminal bonuses (if any) are paid out along with maturity benefit as well as death benefit.
In case the insured dies after the completion of first 5 years of the policy, the nominee of the policy receives the basic sum assured + accrued guarantee addition + simple reversionary bonus + final reversionary bonus (if any), which can be paid as a lump - sum or as an annuity, or as a combination of two.
The insured either gets the death benefit or the survival benefit as the case may be.The returns from a monthly income plan is fixed and guaranteed as it is untouched by market fluctuations.The insured also gets terminal bonus and simple reversionary bonus.
Maturity Benefit: in case the life insured survives the entire tenure of the policy then a basic sum assured amount along with the accrued bonus or simple reversionary bonus is paid to the insured as maturity benefit after the completion of whole policy year.
In the event of the unfortunate death of the Life Assured, the nominee shall receive Sum Assured on Death (as described below) plus the accrued Simple Reversionary Bonuses plus Terminal Bonus, if any, subject to 105 % of all premiums paid as on date of death and the Policy shall terminate.
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.
Simple reversionary bonus and terminal bonuses (if any) are paid out along with maturity benefit as well as death benefits.
In case of sudden death during the policy premium paying term, his / her family or nominee will get «Sum assured on Death» + vested Simple Reversionary Bonuses + Final Additional Bonus, if any as Death benefits.
If the policy holder survives beyond the term of the policy, the maturity benefit is a sum assured on maturity with simple reversionary as well as additional bonus — all of which will be paid out to the policy holder.
This policy provides Simple Reversionary Bonus and Terminal Bonus that are paid as part of the Maturity Benefit or Death Benefit.
Provided all due premiums have been paid, the company will declare a Simple Reversionary Bonus, which is expressed as a percentage of the Sum Assured.
The maximum maturity age as per the plan is 75 years If the policyholder survives till the maturity of the policy, then he would be entitled to the basic Sum Assured in addition to simple reversionary bonuses and Final Additional bonus (if any).
This policy provides Simple Reversionary Bonus and Terminal Bonus that are paid as part of the Maturity Benefit or the Death Benefit.
As a with - profit endowment assurance plan the policy accumulate profit made by LIC through the final additional bonus and simple reversionary bonus and these add - on bonuses are paid out at the termination of the maturity period.
Answer: The policyholder shares the profits of LIC as this is a participating plan so as to receive Simple Reversionary Bonuses which are declared according to the experience of LIC.
Bonus: This is a participating policy as the policyholder gets Final Additional Bonus and Simple Reversionary Bonuses.
The Simple Reversionary Bonus plus the Terminal Bonus as a percentage of the Sum Assured is also paid to the nominee.
If Mr. Ashish survives as said in the first case, then he gets the maturity benefit as follows: Maturity Benefit = Sum Assured on maturity + Vested simple Reversionary Bonus + Final Additional Bonus.
Each year simple reversionary bonus is declared as a percentage of the quoted sum under this policy.
The policy gives out Simple Reversionary Bonuses and final additional bonus declared as per the experience of the Corporation, provided the policy is in full force.
As a survival benefit at the end of policy term the policyholder receives guaranteed sum assured, vested simple reversionary benefit, terminal bonus (if any).
The Maturity benefit is calculated as follows: Maturity Benefit = Sum Assured on maturity + Vested simple Reversionary Bonus + Final Additional Bonus.
At maturity, Jeevan Lakshya provides Sum Assured + Simple Reversionary Bonus + Final Addition as maturity amount on survival of policy holder.
He also receives Rs 40,000 plus Vested Simple Reversionary Bonuses & Final Additional Bonus as the maturity benefit.
In the event of demise of Mr. Raman during any policy year, Rs 2 Lacs plus vested Simple Reversionary Bonuses and Final Additional bonus is payable as the death benefit to the nominee.
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.
On survival till the end of the policy tenure, the policyholder gets the remaining 40 % of the Sum Assured + accrued simple Reversionary Bonus + Terminal Bonus as Maturity Benefit and the policy terminates.
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.
Simple Reversionary Bonus vested annually from the end of the 1st policy year and is payable on survival during benefit payout term or death of the life insured / maturity of the policy, as applicable under Pure Income Benefit & Income with Maturity Benefit Option respectively.
In case of unfortunate death of the life insured, Sum Assured on Death plus Vested Simple Reversionary Bonuses plus Terminal Bonus is payable as a lumpsum death benefit and the policy then terminates.
Simple Reversionary Bonus: Simple Reversionary Bonus is declared at the end of each financial year and is expressed as a percentage of sum assured on maturity.
Maturity benefit is payable as a lump sum which is equal to the sum assured of Rs 5 Lacs plus Sum Assured plus accrued simple reversionary bonuses plus interim bonus plus terminal bonus, if any.The policy terminates thereafter.
Such bonuses can be further classified as simple reversionary bonus and compound reversionary bonus on the basis of difference in the way they are accrued.
Maturity benefit is payable as a lump sum which is equal to the sum assured plus accrued simple reversionary bonuses plus interim bonus plus terminal bonus, if any.
Simple Reversionary Bonus: You can avail Simple Reversionary Bonus from 6th policy year onwards at a rate, as declared by the Corporation.
Sum assured on maturity plus simple reversionary bonus plus terminal bonus is payable as maturity benefit, subject to a minimum of 101 % of the base premium payable.
Simple Reversionary Bonus is declared as a percentage of the basic sum assured.
Applicable and the accrued reversionary bonus is payable on death or surrender or maturity claim amount.Reversionary bonus is expressed as a percentage of the base sum assured.Terminal bonus is payable only on maturity and is expressed as a % of the accrued simple reversionary bonus.
In the event of demise of Mrs. Riya during any policy year, Rs 2 Lacs plus vested simple reversionary bonuses plus terminal bonus or 105 % of the total premiums paid is payable as the death benefit to the nominee.
Simple Reversionary Bonuses is declared as a percentage of the basic sum assured.
On survival of the life assured till maturity of the policy, Sum Assured on Maturity along with vested simple reversionary bonuses and final additional bonus is payable as a lump sum, provided the policy is in - force.
Rs 1,00,000 plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable as the maturity benefit.
Simple Reversionary Bonus is payable as a percentage of Sum Assured at the end of every financial year and it is accrued at Policy Anniversaries.
Simple Reversionary Bonuses is declared as a percentage of the basic sum assured and when declared become guaranteed benefit under the plan.
Simple Reversionary Bonus for the first three years is guaranteed as at least 2.5 % of the basic sum assured.