Sentences with phrase «tenure of the policy»

If the life insured survives the entire tenure of the policy then on maturity the life insured doesn't get anything.

The amount of premium to be paid each year in these term plans generally remains the same throughout the whole tenure of the policy.

Moreover, if the insurance buyer survives the entire tenure of the policy then he / she receives the lump - sum amount as maturity benefit at the time of policy maturity.

The policy holder can get the maturity benefit only if s / he is able to survive the complete tenure of the policy.

With a variety of plans offered by the company the maximum tenure of the policy ranges up to 25 years and the eligibility criteria ranges from minimum 18 years to maximum 65 years.

The ideal tenure of your policy would be your retirement age minus your present age.

The final Death Benefit will never be less than 105 % of all the premiums paid regardless of the exact tenure of the policy.

However, cash value policies only give the full promised survival benefit if they are held for the full tenure of the policy.

The minimum tenure of the policy is 10 years and the maximum is 20 years.

Under regular premium paying option the insured can pay premium during the entire tenure of the policy.

Even the cost of the premium gets locked for the whole tenure of the policy.

The maximum tenure of the policy is 25 years and your individual policy tenure depends on the age of your child when you buy the policy.

Maturity Benefits - The balance sum assured and the bonus are paid as the maturity benefits after the completion of tenure of the policy.

Anytime during the entire tenure of the policy if the insured wants to change its financial priorities then the plan provides an option of unlimited free switches under which then he / she can change their financial plan with a facility of unlimited free switching.

Both accidental death and disability benefit have been clubbed and they can be taken by the policy buyer but only before 5 years tenure of policy paying.

The premium paying tenure of the policy ranges from 10,15,20,25,20, 35 or till the early death.

But lot of people feel that if they pay the premium for 15, 20 or 30 years for a term policy and survive the entire tenure of the policy without getting any returns on maturity, the insurance company has cheated them.

Avail a max up to 10 percent discount on the premium at the time of renewal, provided no claim is made during the current tenure of the policy.

The plan offers an option to choose from different premium payment terms as either for a limited period of 5,7,10, or 15 years or for the entire tenure of the policy which is 30 years.

Maturity Benefit: If the policyholder survives the complete tenure of the policy, then the amount left over of the Basic SA plus the bonuses acquired are paid to the policyholder as per Maturity Benefit, and thus the policy gets terminated.

Premiums remain stable and constant throughout whole tenure of the policy.

Maturity Benefit — In case the policy holder survives the entire tenure of the policy then he / she will be liable to avail maturity benefit as final instalment of survival benefit along with terminal bonus plus vested simple reversionary bonus.

Whereas, the premium rate of 30 years tenure of the policy will charge around Rs4, 110.

The maximum tenure of the policies are 35 years and the eligibility criteria to avail the criteria starts from minimum 18 years — maximum 55 years.

Maturity Benefit: in case the life insured survives the entire tenure of the policy then a basic sum assured amount along with the accrued bonus or simple reversionary bonus is paid to the insured as maturity benefit after the completion of whole policy year.

At the end of the tenure of the policy you get a lump sum.

Survival Benefit - During the tenure of the policy survival benefit is paid to the insured in instalments as fixed percentage of basic sum assured amount.

This policy also provides maturity benefits if you live beyond the tenure of the policy.

Death Benefit - In case of uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus if any.

Dear Mahender, What is the tenure of this policy?

Life insurance plan premium is fixed for the tenure of the policy.

Dear Debasis, May I know the tenure of the policies?

Tenure of the policy is 20 yrs.

Make sure that you understand the costs through the tenure of the policy.

In these policies, policyholders get a certain amount of money as payback at regular intervals during the tenure of the policy.

Bonuses are the additional cash value that is paid at the time of death or the end of the tenure of the policy.

If you die within the tenure of the policy, your nominee receives the death benefit.

The plan offers a minimum return guarantee of 101 % of all premiums paid in addition to any bonus that are declared during the tenure of a policy.

Q 1: Does the amount of my premium changes during the tenure of the policy after purchasing the plan?

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.

The company offers premium payment period ranging from 5 years to 17 years depending on the tenure of a policy.

It offers periodical payment of partial survival benefits during the tenure of the policy as long as the policyholder is alive.

If the child has survived throughout the tenure of the policy, you can get 20 % of the sum assured after the child completes the age of 18.

In this scenario, if the proposer dies during the tenure of the policy, there is no need to pay further premiums and the child will get all the benefits upon maturity of the policy.

However, if he happens to die during the tenure of the policy, his nominees will receive the sum assured which will be similar to the remaining loan amount.

When the parent dies during the tenure of the policy, the beneficiary gets a lump sum amount from the insurance company.

Failing this, the tenure of the policy will lapse