Sentences with phrase «total premiums paid»

On death, higher of sum assured or fund value subject to a minimum of 105 % of total premium paid till date of death is payable to the nominee.

Here, Assured Benefit is 101 % of total premiums paid till maturity.

Get guaranteed return of total premiums paid in case of survival at maturity.

Moreover, in case of total premiums paid by the policyholder, the money is refunded, if the Surrender Value is not acquired by the policy.

Guaranteed surrender value will be percentage of total premiums paid excluding extra premiums and premiums for riders.

But the top - up premium should not exceed 25 per cent of total premium paid for that year.

In case of suicide committed within 12 months of policy inception or revival only total premiums paid are returned to the nominee.

Some of them have a pretty low premium and at the same time have a break even point where cash values plus dividends equal total premium paid.

Also, the owner may withdraw funds up to the value of total premiums paid tax - free.

In such cases, the Company shall only refund total premiums paid (inclusive of extra premiums, if any, but exclusive of service tax), to the nominee.

In the event of death (of child) before commencement of risk (life cover), you will get back total premiums paid till date excluding taxes and rider premium.

Following table indicates total premium paid and amount payable to nominee if death happens at 10th year of policy.

In the event of death during the first 1 year and 11 months of the policy, 105 % of total premiums paid till the date of death is payable.

Total premiums paid in was more than what the surrender value is.

It includes fund value, sum assured less partial withdrawals and 105 % of total premiums paid excluding service tax.

If 105 % of total premiums paid till the date of death is higher than sum assured on death, then any such difference will be paid as lump sum.

On Vesting, higher of total premiums paid including top - up premiums compounded @ 1 % or balance in the IPA is paid.

105 % of total premiums paid as on date of death (excluding taxes, rider premium and extra premiums, if any), or

Secondly, the plan offers an assured premium return, which means total premiums paid during the tenure of the policy are paid back to the policyholder.

A saving cum Endowment Micro Insurance Plan with return of a pre-specified percentage of Total Premiums Paid at maturity.

§ However, if he dies within the Policy Tenure, the nominee will receive Total Premiums paid to date accumulated at a Guaranteed Rate of 6 % p.a. compounded annually

* Total Premiums paid = Annualised Premium × number of years (or part thereof) for which premiums have been paid for Limited and Regular Pay or Single Premium for Single Pay

Loyalty Benefits are paid equal to 100 % of the allocation charges if total premiums paid are 480,000 or higher

The death benefit paid on death will bean amount which is higher of the chosen Sum Assured deducting any partial withdrawals made in the 2 years prior to death or the available Fund Value is paid with a minimum of 105 % of total premiums paid until the date of death

How to Understand Following Table Suppose if, unfortunate death of policy holder happens in year 2027 (at age 40), then by that time total premium paid will be Rs. 6,65,880 and nominee will get death claim as Rs. 19,20,000 in case of normal death or Rs. 31,20,000 as accidental death claim in case of death due to accident and policy will stop.

Total premiums paid compounded monthly at 1 % p.a. interest plus accrued guaranteed additions plus accrued bonuses till the death of death, OR 105 % of all premiums paid till the date of death Upon death of the policyholder, the nominee shall have the option to

The death benefit payable will be higher of 10 times the annual premiums payable under the plan if the insured is aged less than 45 years or 7 times the annual premiums payable under the plan if the insured is aged 45 years and above, the chosen Sum Assured or 105 % of total premiums paid whichever is the highest.

The minimum GSV is the sum of Total Premiums Paid + % of Accrued Bonuses.

In case of unfortunate demise before the end of policy term, nominee will receive the higher of the Fund Value or 105 % of total premiums paid i.e. single premium and top - up premium.

Guaranteed corpus of 210 % of total premiums paid after retirement.

With cash surrenders, any gain over total premiums paid will be taxable as ordinary income.

Guaranteed Surrender Value Factor x Total premiums paid (up to the date of surrender, excluding taxes and extra premiums if any) less Survival Benefit (i.e. Child Benefit) paid, if any

Following table provides policy year-wise and age-wise total premium paid and death claim details.

The Guaranteed Vesting Benefit ranges from 101 % - 140 % of total premiums paid depending in the vesting age and the risk profile chosen.

However, with this contract option if the annuitant passes before receiving income payments at least totaling the premium paid, the difference will be refunded to the designated beneficiary.

Installment Refund Annuity A type of income annuity that guarantees, should the annuitant die prior to the income payments totaling the premium paid, the beneficiary will continue to receive payments until the total payments received equals the premiums paid.

The benefit amount usually totals the premiums paid - so your family receives back what you've put in.

It takes several years, with interest rates at historic lows in 2016, to reach a breakeven point, when total premiums paid equals the cash surrender value of the policy.

Death benefits are typically achieved for pennies on the dollar in terms of total premiums paid per dollar of death benefit received

The minimum Sum Assured is guaranteed as an accumulated value of total premiums paid growing at a compounded rate of 0.25 % p.a.

A. Total premiums paid including top - up premiums paid till the date of maturity compounded at 1.00 % p.a. less partial withdrawals made, if any.

A minimum assurance of receipt of 105 % of total premiums paid as Death Benefit in the event of death of life insured

Total premiums paid for base policy refers to the total annualised premium paid under the policy.

Many people have raised query that total paid premium in endowment policies (e.g. Jeevan Anand) exceeds the amount of basic sum assured and have confusion regarding relationship between sum assured and total premium paid during policy term.

Scenario A - Maturity Benefit: In case of his survival till maturity of the policy, the higher of Total premiums paid including top - up premiums paid compounded @ 1 % per annum less partial withdrawals Or Balance in your Individual Policy Account.

GSV is a percentage of total premiums paid excluding premium amounts paid for rider options and extra covers.

Total Premiums paid = 3.

In case of death at any time during the tenure, death benefit will be paid which will be higher of 10 times the annual premium or 105 % of total premiums paid till death or minimum guaranteed Sum Assured on Maturity or an absolute amount to be paid on death which is expressed as a % of the Sum Assured and depends on the policy year of death