Sentences with phrase «simple reversionary bonus which»

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 plan offers minimum 3 % guaranteed reversionary bonus.A Terminal Bonus may be added to a policy which depends on the actual future experience it is not a guaranteed benefit.

Terminal Bonus — A Terminal Bonus is a percentage of the accrued simple reversionary bonus which the company may declare.

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.

Not exact matches

It provides extensive life coverage till one's death, which means that the sum assured, along with all the simple reversionary and finally acquired bonuses, would be granted to her / his appointed nominee.

Under this LIC child plan, in case of death post the deferment period, the Sum Assured on death which is higher of 125 % of the chosen Sum Assured or 10 times the annual premium, vested simple reversionary bonuses and a Final Additional Bonus, if any, is paid subject to a minimum of 105 % of all premiums paid till the date of death

Under this LIC child plan, in case of death post the deferment period, the Sum Assured on death which is higher of the chosen Sum Assured or 10 times the annual premium, vested simple reversionary bonuses and a Final Additional Bonus, if any, is paid, subject to a minimum of 105 % of all premiums paid till the date of death

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.

On Maturity the Guaranteed Sum Assured on Maturity is payable which is equal to basic SA including accrued Guaranteed Additions @ 7 % and vested Simple Reversionary Bonuses

Simple Reversionary Bonuses will be declared during the policy term, starting from first policy year, which shall accrue at the end of each year.

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.

The policy has Guaranteed Additions, Simple Reversionary Bonus and Terminal Bonus, which help to generate more wealth for its customers.

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.

In case of demise of the policyholder during the term of the policy, then the death benefit which is equal to the summation of «Sum Assured on Death», Simple Reversionary Bonuses, and Final Additional bonus (if any) will be given to the beneficiary.

If the life insured outlives the policy's maturity date, he or she receives a maturity benefit, which is equal to the guaranteed sum assured plus the simple reversionary bonus and terminal bonus (if any).

After the policy matures, maturity amount which includes 40 % of sum assured + Accrued Bonuses (vested Simple Reversionary Bonuses) + Final Additional Bonus (FAB — if any) will be paid.

This profit is distributed is to you under two names — «Simple Reversionary Bonus» which is declared every year and «Final Additional Bonus» which is paid on the maturity of the policy.

In addition, the surrender value of any vested Simple Reversionary Bonuses, if any, shall also be payable, which is equal to accrued bonuses multiplied by the surrender value factor applicable to accrued bBonuses, if any, shall also be payable, which is equal to accrued bonuses multiplied by the surrender value factor applicable to accrued bbonuses multiplied by the surrender value factor applicable to accrued bonusesbonuses.

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.

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.

Raman will receive 20 % of Rs 5 lacs (Base Sum Assured) which is Rs 1 lac in the last three years plus Minimum guaranteed sum assured on maturity is 40 % of the base sum assured which is Rs 3 Lacs plus accrued terminal and simple reversionary bonus.

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.

Death Benefit in Bhandari's case: If Mr Bhandari passes away, the Death Benefit which is the total of «Sum Assured on Death «+ Vested Simple Reversionary Bonuses + Final additional bonus, if any, shall be payable to the nominee.

Maturity Benefit: On the Life assured surviving the stipulated date of maturity, provided the policy is in full force, Sum Assured on Maturity (which is 40 % of the Basic Sum Assured) along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable.