Sentences with phrase «tabular single»
Within 5 years from the date of policy: Basic sum assured i.e. 10 times the tabular single premiums shall be payable
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The risk cover under Jeevan Utkarsh is ten times of tabular single premium amount.
LIC has formally launched a new single premium plan, Jeevan Utkarsh, which offers a combination of protection and savings wherein the risk cover is ten times of tabular single premium from date of commencement of risk.
The Assured will be eligible for Corporate Employee's Insurance Scheme (CEIS) Rebate of 2 % of the Tabular Single Premium.
A point to note is that the death benefit is 10 % of tabular single premium.
However, LIC smartly circumvented the issue by specifying the Death benefit as atleast 10 times tabular single premium.
10 times Tabular Single Premium (will exclude any loading after underwriting).
The premium payable amount of the Jeevan Sangam Plan depends upon the age of the policyholder, the maturity sum assured amount selected and needs which change from time to time The plan is also providing a death benefit that would be ten times of the tabular single premium along with some loyalty addition.
Not exact matches
- After the date of Commencement of risk: In this case, Sum Assured on death is decided based on the single tabular premium.
Suppose if a policyholder dies after 5 years of policy opening but before the policy maturity date, then the sum assured on death equals to 10 times of the single tabular premium paid along with the Loyalty amount.
Death Benefit under this plan = 10 times of tabular premium amount ie Single premium amount — Service Tax.