Sentences with phrase «single life of the policyholder»

The annuity can be taken on a single life of the policyholder or on joint life of that of the policyholder and his spouse.

Not exact matches

Single Premium Whole Life — Same type of policies as above but simply means that the policyholder pays a one time all inclusive premium.

Sagicor's fixed indexed single premium whole life insurance policy can allow the policyholder to reposition certain low - interest producing assets such as CD's (certificates of deposit), or money markets — and possibly even a fixed annuity — and obtain the opportunity to earn a higher return on the cash value in the policy.

The policyholder can choose any mode of premium payment from regular, limited or single pay options offer by Kotak Life Insurance

• Annuity for joint lives (return of Single Premium on the demise of the last alive Annuitant): A fixed sum guaranteed at the very beginning of taking the policy will be paid to the policyholder throughout the lifetime of even single the annuSingle Premium on the demise of the last alive Annuitant): A fixed sum guaranteed at the very beginning of taking the policy will be paid to the policyholder throughout the lifetime of even single the annusingle the annuitant.

The plans offered by PNB MetLife Insurance Company are varied in nature but all of the given plans have a single aim to provide life insurance coverage to the policyholders along with an avenue to create savings through a traditional savings method.

With a single premium Whole Life Insurance policy, rather than paying premiums over time throughout the life of the policy, the policyholder will only make one single lump sum payment, and then the policy will be considered as paid -Life Insurance policy, rather than paying premiums over time throughout the life of the policy, the policyholder will only make one single lump sum payment, and then the policy will be considered as paid -life of the policy, the policyholder will only make one single lump sum payment, and then the policy will be considered as paid - up.

Under the single life option, Sum Assured is paid in case of the policyholder's death during the term

Under the single life option of the plan, the Sum Assured is paid to the nominee in case of death of the policyholder during the term of the plan

The nominee gets the Sum Assured on death of the policyholder in case of single life.

The nominee gets the Sum Assured on the demise of the policyholder in case of single life plan.

Survivorship life insurance policies are designed to cover two lives, instead of a single policyholder.

IDBI Federal Wealth insurance Suvidha Growth Insurance Plan is a Unit Linked plan through which the policyholder can reap the benefits of market growth and life insurance together under a single plan.

When the policyholder has to pay premium only once, during the term of the life insurance policy, the mode of premium payment chosen is called as Single Premium Payment Mode.

Single - premium variable life enables policyholders to pick from a menu of expertly managed stock, bond and money market sub-accounts, as well as a fixed account.

With many cash value life policies, only a single payout is made upon a policyholder's death, regardless of what the cash value account is worth when he dies.

Apart from regular pay and single pay life insurance policies, there is another category of premium payment known as «limited pay life insurance plans» where the policyholder has to pay the premium for a limited tenure like 5 years or 10 years or as mentioned in the insurance plan.

Such plans are a long term life insurance contract where the policyholder has to pay premium throughout the tenure of the policy or may opt for single pay or limited payment option.

If the single pay life insurance policy is surrendered within two years since inception, the tax deduction allowed in the past under Section 80C will be considered as income of the policyholder in the year of surrender and applicable tax will be levied.

LIC JEEVAN AKSHAY — VI is one of the best single premium pension plan in LIC.This plan is designed to cover your basic requirements of pension and provides immediate pension from the very next month after paying a lump - sum amount.In JEEVAN AKSHAY pension amount is guaranteed for life time of the policyholder.

HDFC Life Single Premium Pension Super Plan Benefits are provided in the form of bonus i.e. an additional sum that a policyholder will receive during the policy term or after maturity.