Sentences with phrase «total rider premium»

Conditions >> As mandated by IRDAI rules, the total rider premium under all riders put together can not exceed 30 percent of the base plan premium.

However, total rider premium along with other riders premium should not exceed 30 % of the base plan premium

Not exact matches

For example, a disability income rider waives your insurance premium and will provide your family with a supplementary income, based on the total amount of your coverage.

3) Bharti AXA Life Premium Waiver Rider (UIN: 130B005V03): Under this rider in case of the unfortunate event of death, Total Permanent Disability or critical illness (in case of Policyholder) and Critical Illness (in case of Life Insured) the future premiums are waived off and the benefits under the policy will continue.

Premium Waiver rider (UIN: 130B005V03): 100 % of all future premiums under the base policy are waived and paid by the company on the death & total permanent disability or critical illness of Proposer, depending on the chosen option.

With this rider, if you become unemployed for at least four consecutive weeks, United of Omaha will waive premium payments up to a total of six months.

Waiver of Specified Premium Rider: the waiver of premium rider credits a specified premium amount to the policy, helping you make premium payments if you suffer from a qualifying total disability.

Return of Premium — This rider will return the total amount of premiums you have paid during the life of the policy.

Waives premiums for the base policy, and any attached riders, upon the total disability of the insured after a six - month waiting period

Apart from the premium waiver benefit, accidental death benefit and accidental total and permanent disability benefit riders are the integral parts of this child education plan.

There is an inbuilt waiver of premium rider which is applicable in case the insured suffers permanent and total disability during the plan tenure.

* Annualized Premium and total premium is exclusive of extra premium, rider premium, Goods and Service Tax, if any

With this rider, if you become unemployed for at least four consecutive weeks, United of Omaha will waive premium payments up to a total of six months.

At the end of the level premium period, the cash value of the in - force policy equals the total of cumulative premiums paid, less any charges for substandard ratings and riders.

So total premium is the sum of policy premium and rider premium.

For example, if you have a $ 250,000 policy and you had the accidental death benefit rider that you paid an additional fee for it every single month, an additional premium, your coverage would be $ 500,000 total, if you died resulting in an accident.

For example, if a 50 - year - old male pays the base rate of $ 1248 per year for a $ 100,000 policy, he could add on a child rider of up to $ 99,000 per child for $ 347, making the total annual premium $ 1595.

Without the ROP rider, the annual premium will cost approximately, $ 720 per year for a total of $ 21,6000 premiums paid over the 30 year period.

People who have chosen additional riders as the total premium in most of the cases would exceed 10 % of sum insured.

Samir can claim tax benefit under Section 80C on the total premium paid out on his term plan i.e. including critical illness rider premium as also other riders.

After the roll out of new breed of Rider benefits, now the «Waiver of Premium» rider not only provides the benefit of waiver of all life insurance future premiums on the earlier occurrence of untimely death or accidental permanent total disability, but also waives of premium on the first diagnosis of a Critical Illness.

The waiver of a premium rider is an optional policy provision that provides for the life insurance policy's premium payment in case of the total disability of the insured to pay; age restrictions and coverage maximums apply as per usual.

Guaranteed Maturity Sum Assured is equal to: - Option A: 100 % of total premiums paid (excluding taxes, rider premium, modal loading and extra underwriting premium, if any) Option B: 115 % of total premiums paid (excluding taxes, rider premium, modal loading and extra underwriting premium, if any)

To cover all of John's debt and provide for his family's living expenses, pay off the mortgage, and fund for his child's college education, John purchases a $ 750,000 30 - year term policy and elects the return of premium rider for a total monthly premium of $ 57 per month.

Premium waiver benefit rider: This rider offers waiver of future premiums in case of critical illness of the life insured, death or total and permanent disability

Premium Waiver rider: This rider offers waiver of future premiums in case of critical illness of the life insured, death or total and permanent disability

* Annualized Premium and total premium is exclusive of extra premium, rider premium, service tax & cess, if any

The waiver of premium rider is an optional policy provision that provides for the payment of a life insurance policy's premium in the event of the total disability of the insured.

Waiver of Premium Rider — A waiver of premium rider will waive all life insurance premiums in the event of a total disability by the insured.

For eg: If one wants a cover of 1 Cr total — one can split 50:50 between LIC and HDFC (with permanent disability and critical illness riders), so incase any disability or illness occurs, they can still pay premium of LIC (with highest claim settlement ratio but high premium) and manage basic costs.

You will receive Guaranteed Maturity Sum Assured which is equal to 100 % of total premiums payable (excluding taxes, rider premium, modal loadings and extra underwriting premium, if any) under the policy.

Apart from the premium waiver benefit, accidental death benefit and accidental total and permanent disability benefit riders are the integral parts of this child education program.

** Total Premium is exclusive of extra premium, rider premium, Goods and Service Tax, if any.

The insurance company also pays an additional lump sum amount in case the insured has to undergo of any surgeries Premium Waiver rider: This rider offers waiver of future premiums in case of critical illness of the life insured, death or total and permanent disability

Pension Maximiser Option - 101 % of total premiums paid (including Top - Up premiums paid, if any), exclusive of rider charge, if any

In that case, the surrender value will be a total of percentage value of premiums paid till date which will be excluded from any extra premiums paid and premium rider values (if there is any)-- survival benefits that are already due and still payable to the policyholder.

A waiver of premium rider is typically available with life insurance and requires a total disability as defined in the policy that lasts for a specified continuous period.

The sum assured on death amount is 125 % of the basic sum assured or 10 times the annualized premium, whichever is more and is not lesser than 105 % of the total premiums paid by the policyholder until the time of his / her demise (this is not inclusive of taxes on premium amounts and extra, and rider premium amounts if any)

• 105 % of total premiums paid (excluding any underwriting extras, rider premiums, service tax and cess, if any) till date of death

According to the American Council of Life Insurers the majority of individual life insurance policies in force include a rider that waives the premium upon total disability.

Disability Waiver of Minimum Premium rider waiving all premium payments upon total disability.

For example, on a term life insurance policy — which has much lower premiums compared to permanent life insurance — the waiver of premium rider may cost up to 10 - 15 % of the total annual premium for your policy.

However, on a permanent life insurance policy, a waiver of premium rider may cost up to 3 - 5 % of the total annual premium for your life insurance coverage.

Most term Life companies offer a Waiver of Premium (WOP) rider that will cover the cost of your premium if you have a total disability before you reach a certain age (typically 60 or 65).

The Guaranteed Surrender value during policy term shall be a percentage of total premiums paid excluding extra premiums and premiums for riders, if opted for.

Guaranteed Surrender value will be equal to 30 % of the total amount of premiums paid excluding the premiums for the first year and all the extra premiums and premiums for accident benefit / term rider.

Guaranteed Surrender Value is the percentage of total premiums paid till date excluding any tax or rider premiums.

The Guaranteed Surrender value shall be percentage of total premiums paid (net of service tax) excluding extra premiums and premiums for riders, if opted for less any survival benefits already paid.

3) Bharti AXA Life Premium Waiver Rider (UIN: 130B005V03): Under this rider in case of the unfortunate event of death, Total Permanent Disability or critical illness (in case of Policyholder) and Critical Illness (in case of Life Insured) the future premiums are waived off and the benefits under the policy will continue.

Guaranteed Surrender Value = (Total premiums paid excluding premium towards Service Tax, rider and underwriting extra, if any, less Accrued Fixed Regular Additions already paid x GSV Premium Factor) + (Cash value of Accrued Fixed Regular Additions)