Sentences with phrase «sum after your demise»

Although insurance covers life and offers sum after demise, pension plans offer money where you can enjoy life consistently without changing your lifestyle.

Not exact matches

In case of demise after premium paying term or during the payout period, the nominee receives the sum assured along with other benefits and the lump sum of payout left in the insured's account.

The money invested will make a good return and will be paid back fully as sum assured either after the completion of the tenure of the policy or after the demise of the insured person.

However, a child insurance plan provides a lump - sum payment after the demise of the policyholder, but the policy does not come to an end.

In case of demise of the life assured, after the date of commencement of risk, the sum assured amount + reversionary bonus + final additional bonus is paid to the beneficiary of the policy.

Therefore, the sum of money that belongs to you for life and is obtainable to your loved ones after your demise.

After this, an additional benefit equal to 0.4 % of the sum assured is paid every month to the nominee, following the month of the insured's demise.

Child plans plan pay out the decided sum to the child at the decided age even after the investor's demise.

Demise after a prolonged remedy the following catastrophe might not produce the payment of the supplementary accident benefit sum, if the instant cause of the demise can not be accredited to the accDemise after a prolonged remedy the following catastrophe might not produce the payment of the supplementary accident benefit sum, if the instant cause of the demise can not be accredited to the accdemise can not be accredited to the accident.

Even an average salary earner can protect his family with a good sum assured of Rs. 1 crore after his demise.

The money invested will fetch good returns and will be returned fully as sum assured either after the completion of the term or after the demise of the insured.

A life insurance policy will ensure that your family stays protected after your demise as the insurer will give your family a lump sum or monthly pay out.

Hello I would like to share my master plan of new जीवन anand policy My age is 30 I have purchased 7 policies of 1 lac sum assured and each maturity year term 26 to 32 I purchased in 2017 Along with I have purchased 3 policies of same jivananad of 11lac each Maturity year term 33,34,35 Now what will I have to pay is rs, 130000 premium per year means 370rs per day At age of 55 in year 2047 I will start getting return, of, 3lac maturity per year till 2054 For 7policies of i lac I buyed for safety of paying next 10 years premium of 130000 As year by year my liability goes on decreasing and at the age of 62 to 65 I get my major part of maturity amount around 16000000 one crore sixty lac Along with 4000000 sum assured continued for rest of life So from above example it is true that you can make money to make money for you You can enjoy a large sum by just paying 370 per day and you will feel you have earned 19000000 / 35 years = 1500 per day And assume if I die after 5 years then in this case also my spouse will get 7500000 as death claim against 650000 paid premium Whats bad in this A asset is getting created for you It is a property of 2 crores which you are buying for 35 year installment If you make fd of 2000000 Lacs against this policy u will get 135000 interest per year to pay for 35 years If u buy a flat for 20 lack in 2017 there is no scope of valuation of Flat will be 2 crores But as I described you are creating a class asset for your beloved easily just investing 10500 per year for 35 years And too buy a term of 50 Lacs with it And rest you earn deposit in ppf Keep in mind if you will survive then only ppf will create corpus for you but in lic your family is insured to a higher extent till 1 crore with term including And its sufficient if you are earning 100000per Month no problem for investing of 10 % in New जीवन anand with rest 90 % you go with ppf, mutual funds, equity, gold, lottery, real estate any thing but keep 10 % for new jeewan anand it's a class if you understand it properly and after all if you rely only on term there are more chances of rejecting claims as one thing is sure cheap things just come under warranty but lic brand is guaranteed because in case of demise if your nominee doesn't get claim then your all hardwork is going to be waste so think and invest take long term and bigger sum assured for least premium You can assign your policy for taking flat or property it is a legal asset of you But term never.

Scenario B: Mr. Gupta dies during the Term of the Policy In the event of unfortunate demise of Mr. Gupta in the 3rd policy year after payment of 3 years» premiums, his family will receive a lump sum amount of Rs 1,014,000, Guaranteed Sum Assured on maturity equal to Rs 2,00,000 along with accrued Annual bonuses and Final bonus, is payable on maturity.