Sentences with phrase «surrender value calculation»

Any change in surrender value calculation method shall only be after prior approval of the authority.

Not exact matches

Last year i have reduced the premium of one policy to 1104 and got back the surrender value with some risk amount deduction which i don't understand their calculation.

Surrender Charge Typically applicable to adjustable life, indexed universal life, and variable universal policies, a generally declining schedule of charges against the cash value may be imposed on the policy for a certain number of years from policy inception if the policy is surrendered, the death benefit is reduced, or in some instances, the surrender charge is taken into account in the monthly calculation to determine if the policy is still in forcSurrender Charge Typically applicable to adjustable life, indexed universal life, and variable universal policies, a generally declining schedule of charges against the cash value may be imposed on the policy for a certain number of years from policy inception if the policy is surrendered, the death benefit is reduced, or in some instances, the surrender charge is taken into account in the monthly calculation to determine if the policy is still in forcsurrender charge is taken into account in the monthly calculation to determine if the policy is still in force.»

For the plan under consideration, there was mention of Guaranteed Surrender Value Factors for premium and guaranteed additions and non-guaranteed surrender value factors for calculation of special surrendSurrender Value Factors for premium and guaranteed additions and non-guaranteed surrender value factors for calculation of special surrender vValue Factors for premium and guaranteed additions and non-guaranteed surrender value factors for calculation of special surrendsurrender value factors for calculation of special surrender vvalue factors for calculation of special surrendersurrender valuevalue.

Sum assured, premium and term is required for calculation of surrender value.

Regarding Jeevan Anand Policy: Case - 1: Lapsing the Policy, As I have paid premium of 90,000 for 2 years, It's bit painstaking to book a loss of this amount Case - 2: If I pay another premium of 45,000 for this year and if I am surrendering after 3 yrs Lock - In, after all the calculations the surrender value what I am getting after 3 yrs is 54,000 but what I have paid is 1,35,000 in this case the loss is 81,000 which is little better than the earlier case where I am making policy to Lapse.

Calculation of Surrender Value = Surrender Value factor x (paidup Sum Assured + Accrued Bonuses).

The calculation of surrender value depends on various things like total tenure of the policy, number of premiums that you have paid, surrender charge applicable etc..