Sentences with phrase «single premium»

Most life insurance companies set a minimum amount of single premium life insurance that you can purchase.

Reduction in service tax of single premium policies: Service tax has been reduced from 3.5 per cent to 1.4 per cent of the premium paid towards single - premium annuity policies.

I would not recommend to buy this plan in his name because it provides risk cover equal to 10 times of single premium paid.

There are various investment options in single premium life policies.

As a rule, the surrender value is generally more for single premium plans where the entire premium for the policy is paid at the beginning of the policy period.

Let's look at the taxation structure for a policy with single premium payment.

The provider made modifications that enabled the creation of a new single premium immediate annuity product that saves consumers and providers time and money.

With single premium whole, the insured pays a one - time lump sum as a payment for a lifetime of coverage.

You also can opt for single premium whole life and make only one large initial payment to secure your coverage.

Single premium deferred annuity rates of gain may vary with investments.

For those who are willing to invest in single premiums life insurance plans, we have used the utmost care in selecting the products which give you the most for your buck.

Hybrid life insurance policies are usually funded with a one - time single premium, but some do allow for payments over a set number of years — say $ 10,000 for ten years.

The policy's premiums are fixed and can be paid as single premium, 5 - Pay or 10 - Pay.

Will there be any tax benefit in case of single premium option.

You can also purchase single premium term life policies where the full amount of the policy is paid for at signing, with nothing else due on the policy.

Please suggest if any good plans on Single premium Term insurance.

Even rebates are there on single premium policy if the higher sum is quoted.

You can also choose single premium universal life, that allows you to make a one time lump sum payment for paid up coverage.

If you opt for single premium variable life insurance, then you will need to manage the portfolio as you would any other financial portfolio.

You can end up with a various different life insurance options that offer single premium payment option but some are not as good as others.

As the name suggests, under single premium insurance plans, you pay premium just once and get the life cover (and investment benefits, if any) for many years.

In the group business, industry collection from single premium products were up 31 per cent to Rs 22,000 crore, compared to the same period last year.

However, you need to beware before buying single premium insurance policies.

Especially, traditional single premium products which attract a high indirect tax make these fairly expensive for policy holders.

The reason many companies select single premium group annuities as opposed to setting up many different individual annuities is because it is simply faster and more convenient to just set up one.

It involves the benefits of vesting on maturity with an extra advantage of flexibility to choose single premium with an option to opt for top - up premiums.

Features include single premium whole life plans, guaranteed issue, flexible payments, and issue ages 0 - 95.

There are also single premium variable universal life insurance policies which allow you to purchase coverage and fund the policy's cash value with a single payment.

On death during the policy term before the date of commencement of risk: Return of single premium excluding service tax and extra premium, if any.

About single premium policies, if we ignore the taxation part, let's suppose a retired person wants to invest lump sum.

For private insurance players, too, the individual single premium collection was down 27 per cent in the same period.

Single premium contracts and those running for a short term are subject to income tax depending upon the marginal rate in the year a gain is made.

Generally, the older you are, the higher the net single premium as a percentage of the face value of the insurance coverage.

One can choose premium payment option, ranging from monthly to annual to single premium depending on how much money is at hand, keeping in mind other financial commitments.

This is a rather astonishing situation given that even single premium policies offer a cover of at least 1.25 times the premium you have paid.

The premiums can be paid yearly, half - yearly or single premium mode.

Besides, there are complaints that agents do not explain the difference between single premium and regular premium plans, which results in high lapse rates.

There are also products like single premium whole life policies that allow you to make one lump sum payment and your coverage is paid up, and no payments are ever needed again.

On top of it, if a life insured is < 8 years and died before 5 years from policy date, nominee would get single premium back without any interest.

Here's our pick of the 7 best single premium plan policies for the year 2013.

There are just too many good reasons not to consider single premium life insurance but the key is also getting the right type of product and picking the right company based on your qualifications.

Because single premium life insurance policies only have one premium payment, the amount of money made from this payment is usually substantially higher than it would be in a standard policy.

Single premium means that you only pay once and then wait for the policy to mature.

It works like other whole life insurance policies, except that instead of paying an annual or monthly premium, the owner only needs to pay once in a lump sum single premium payment.

If tax - deferred cash values and a lifetime of coverage are important to you, then single premium whole life insurance is an excellent option to consider.

While in absence of information, we can consider a 7 % to 8 % returns on overall returns from such single premium plan.

This product begins as an annuity with either a lump sum single premium deposit.

For annual and single premiums less than $ 5, we will only provide a refund upon request.

We did not declare final bonus rates for many single premium pension policies.