A 28 - year old, non-smoking male will be required to pay premiums ranging from Rs. 7,400 to Rs. 9,000 for duration of 35 years (known as the policy term) or
till maturity i.e. till the policyholder turns 70, whichever happens earlier.
Not exact matches
At any time, he can decide to pre-pone the
maturity benefit and avail the full benefits due
i.e. 100 % Sum Assured plus accrued bonus
till date plus terminal bonus, if any.
Anytime during the Flexi benefit period, you can decide to pre-pone the
Maturity benefit of your policy and enjoy the full benefits due in the Policy (
i.e. 100 % of Sum Assured plus accrued bonus
till date plus terminal bonus (if any).
Rohan,
i.e. Life Assured, survives
till maturity of the policy and his son, Rahul, attains an age of 18 years.
Scenario I: If Nikhil,
i.e. the Life Assured, survives
till the
maturity date, he receives benefits as mentioned below:
If the policyholder survives
till maturity,
i.e. if he attains 100 years of age, higher of the Guaranteed Sum Assured or 10 times the annual premium paid or 105 % of all premiums paid including vested bonuses accrued post the Premium Paying Term and any Terminal Bonus is paid
If the policyholder survives
till maturity, i.e. till age 100 years, Sum Assured on Maturity + Terminal Bonus, if any
maturity,
i.e. till age 100 years, Sum Assured on
Maturity + Terminal Bonus, if any
Maturity + Terminal Bonus, if any is paid
He would get Rs 8 % of Sum Assured every year
i.e. Rs 2 Lakhs x 8 % = Rs 16,000 per year
till the
maturity as survival benefit.
E.g. if the Sum Assured is Rs 10 Lakhs then 8 %
i.e. Rs 80,000 is paid every year after premium payment term
till maturity.
If the policyholder survives
till maturity,
i.e. after attaining 100 years of age, the
maturity benefit would be paid depending on the death benefit option chosen.
Policy vests at the end of the policy term, and
Maturity (Vesting) Benefit will be the higher of the Fund Value or Assured benefit of 101 % of total premiums paid
i.e. single premium and top - up premium paid
till date.
Anytime during the Flexi benefit period, you can decide to pre-pone the
Maturity benefit of your policy and enjoy the full benefits due in the Policy (
i.e. 100 % of Sum Assured plus accrued bonus
till date plus terminal bonus (if any).
Anytime during the Flexi benefit period, the policyholder can decide to pre-pone the
maturity benefit of the policy and avail the full benefits due in the policy (
i.e. 100 % of Sum Assured plus accrued bonus
till date plus terminal bonus (if any).
The income payout starts from the 1st day of month immediately following death of insured and continues for the outstanding policy term,
i.e. till the original
maturity date of the policy.
If the life assured have survived
till the stipulated date of
maturity, he shall be paid the sum assured on
maturity,
i.e. 40 % of the basic sum assured along with simple revisionary bonus and final additional bonus (if any).