Sentences with phrase «times yearly premium»

Are you ready to bear 3 times yearly premium?

If the insured dies, the Death Sum Assured which is higher of 10 or 7 times the yearly premium depending on the age of the insured or 125 % of basic Sum Assured is paid to the nominee provided a minimum of 105 % of premiums paid.

Under the guidelines of IRDA, if a person aged less than 45 years buy a life insurance policy of 10 years tenure then the sum assured will be 10 times the yearly premium.

The death benefit is higher of Sum Assured chosen or 10 times the yearly premium or 105 % of premiums paid till death or the total premium paid till death.

The sum assured varies according to age and ranges from 30 times the annualised premium for policyholders between ages of 7 and 44 years and 10 times the yearly premium for investors in the 56 to 60 years age group.

Not exact matches

Start Date: July, 2013 Mode of Premiums: Half Yearly Premium Paid: 6 times (Last Premium Paid on Jan, 2016, 7th premium due on July, 2016, which I was not paid)

The yearly premium and yearly side account investments are made on time, each year.

The second option is Yearly Renewable Term, which means the mortality portion of the premium will change over time.

The insurance company adds up the number of term premiums that will be required on the policy in total, divides by the number of years for which a level premium is guaranteed, discounts for the time value of the money using the interest rates available at the time, and charges the resulting level premiums rather than the actual yearly renewable term rate.

Insurance companies charge less overall for a single yearly payment, or auto insurance premium, because they don't have to spend time sending out and processing a bill.

This one time premium is paid out at the chosen interval which can be monthly, quarterly, half yearly or yearly at the predefined annuity rate which is promised at the time of purchase.

One of your duties is to pay your yearly premium, on time, each and every year.

Start Date: July, 2013 Mode of Premiums: Half Yearly Premium Paid: 6 times (Last Premium Paid on Jan, 2016, 7th premium due on July, 2016, which I was not paid)

Please I have a doubt in mode of payment: Single one time premium or yearly premium for up to 35 yrs.

Term insurance plans are investments in which your investments are taken in terms of premiums which you pay on a agreed upon time span, monthly, bi-annually or yearly.

However, all the life insurance companies provides various premium payment frequencies such monthly, quarterly, yearly or even you can do one time payment.

In 2016, the average yearly premium for a car owner in West Virginia was around $ 1,456, a bit higher than the national average, which was $ 1,347 at the time.

You can purchase a term plan that promises to provide 20 times of your yearly income i.e. Rs. 1 crore, in case of your untimely demise, the premium will range up to Rs7000 in that case.

As the death benefit the death Sum Assured is paid which is higher of the maturity Sum Assured or 10 or 7 times the premium payable yearly depending on the age of the policyholder.

Under regular or limited premium mode option, 10 times of the yearly premium or 105 % of the total premium paid till the time of the death of the insured person, is paid to the nominee of the policy.

• Pay once and forget about it: The plan being in effect and requiring only a single payment at the time of issue saves you the hassle of paying monthly and yearly premiums.

At any time, you can opt to alter your regular premium payment frequency to any other frequency (i.e. yearly, half - yearly, quarterly or monthly), so long as the existing and requested frequencies can be aligned and subject to minimum premium limits under the plan.

In about a year's time, the additional benefit of 1 Lakh is paid out to the surviving kin, in place of the premium, which is cancelled and consequently paid to the family on a yearly basis.

Protection for your family: Get life cover of at least 10 times the annualised premium for the entire policy term Pay as you like: With yearly, half - yearly, quarterly and monthly premium payment modes Tax benefits: Get tax benefits on investment and on returns, as per the applicable income tax laws

A lapsed policy can be revived within a period of 2 consecutive years from the date of first unpaid premium by paying all the arrears of premium together with interest (compounding half - yearly) at such rate as fixed by the Corporation from time to time, subject to submission of satisfactory evidence of continued insurability.

Insurance21 Replied: 14-02-2017 20:02:08 If your sum assured is at least 10 times of yearly premium, then you do not need to worry it will be tax free under 10 (10D).

A better screen and new S Pen features make the Galaxy Note 10.1 - 2014 Edition a great premium tablet it's time for Samsung's yearly refresh of the popular Note series, and this go - around we're going to take a good look at the big boy of the bunch — The Samsung Galaxy Note 10.1 - 2014 Edition.