Sentences with phrase «under a life insurance policy including»

Any benefit as sum assured received under a life insurance policy including the bonus amount is exempted from the tax deduction.

Not exact matches

(a) Schedule 2.7 (a) of the Disclosure Schedule contains a list setting forth each employee benefit plan, program, policy or arrangement (including any «employee benefit plan» as defined in Section 3 (3) of the Employee Retirement Income Security Act of 1974, as amended («ERISA»)(«ERISA Plan»)-RRB-, including, without limitation, employee pension benefit plans, as defined in Section 3 (2) of ERISA, multi-employer plans, as defined in Section 3 (37) of ERISA, employee welfare benefit plans, as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligation.

Loss of use coverage under a renters insurance policy typically only includes reimbursement for additional living expenses.

Under IRC Section 2035, the death benefit of a life insurance policy can still be included in the owner's estate for three years if the policy is gifted to an Irrevocable Life Insurance Trust (ILlife insurance policy can still be included in the owner's estate for three years if the policy is gifted to an Irrevocable Life Insurance Trusinsurance policy can still be included in the owner's estate for three years if the policy is gifted to an Irrevocable Life Insurance Trust (ILLife Insurance TrusInsurance Trust (ILIT).

Bernard LLP» coverage work includes enforcement, as well as maintaining denials of first part property and third party liability coverage, under CGL, builders risk, life and disability, excess auto and homeowners insurance policies.

Nevertheless, the traditional will formalities have not adapted to an evolving technological context in which nearly all transactions — including massive end - of - life transfers under pension plans, brokerage accounts, life insurance policies, and the like — can be made electronically.

Provisions under Shriram Group Term Life Insurance and IndiaFirst Guaranteed Retirement mainly include policy renewal and different types of riders.

Some of the debts covered under credit life insurance policy include auto loans, personal loans, mortgage loans, revolving check loans, bank loans, educational loans, and loans to cover farm equipment or mobile home purchases.

All permanent life insurance policy illustrations are hypothetical and include ledgers that show how the policy could perform under both guaranteed and non-guaranteed assumptions.

Any married man can take a life insurance policy under MWP Act, including divorced persons and widowers.

The Corporation's book value shall be equal to the excess of the book value of the total assets of the Corporation, including any proceeds of insurance policies / excluding the proceeds of any insurance policies owned by the Corporation on the lives of its shareholders, over the book value of the Corporation's total liabilities, excluding the Corporation's liability under this Agreement to purchase the shares for which the purchase price is being measured, based on the Corporation's books and records.

Under IRC Section 2035, the death benefit of a life insurance policy can still be included in the owner's estate for three years if the policy is gifted to an Irrevocable Life Insurance Trust (ILlife insurance policy can still be included in the owner's estate for three years if the policy is gifted to an Irrevocable Life Insurance Trusinsurance policy can still be included in the owner's estate for three years if the policy is gifted to an Irrevocable Life Insurance Trust (ILLife Insurance TrusInsurance Trust (ILIT).

10 (10D): Any sum received under a life insurance policy, including the sum allocated by way of bonus.

A provision that if the group policy terminates or is amended so as to terminate the insurance of any class of insured persons, every person insured under the policy at the date of the termination whose insurance terminates, including the insured dependent of a covered person, and who has been so insured for at least five (5) years before the termination date, is entitled to have issued by the insurer an individual policy of life insurance.

Its parent company offers insurance policies including a range of auto & vehicle, property, as well as life insurance, under the Liberty Life banlife insurance, under the Liberty Life banLife banner.

As you begin discussing policy options with your life insurance company, you'll hash out typical policy choices including payouts and coverage limits, term length, and under what conditions the policy will be paid out.

Which means that once you've purchased your family the right life insurance policy you should feel free to enjoy a life «guilt free», knowing that in the event of your death, your insurance death benefit will be there, «income tax and death tax free» (at the Federal level if your total estate is under $ 5,340,000; some states do include a death tax) unencumbered of any any other bills or financial obligations!

Notably, when it comes to life insurance, the cost basis — or investment in the contract under the rules of IRC Section 72 (e)(6)-- is equal to the total premiums paid for the policy, reduced by any prior principal distributions (which could include prior withdrawals, or the previous receive of non-taxable dividends from a participating life insurance policy).

Premiums paid for all life insurance policies, including that for a term insurance plan are exempt from taxation under Sec 80 C of the Income Tax Act, 1961 upto a maximum of Rs 1.5 Lacs.

Alongside, you must note that in case the policy is terminated before five years, the deductions claimed under life insurance tax benefit are included in your income and tax is accordingly calculated.

Ordinary Revival - under this revival policy the insurance holder can revive his / her lapsed life insurance policy by paying all the unpaid premiums including the interests at one go.

If you have a term life insurance policy which includes a conversion privilege and your policy is still within the period allowed you may convert it to a permanent policy, even though you may not be able to qualify under normal conditions.

The maximum aggregate limit of assurance under all policies including policies with in - built Accident Benefit taken with Life Insurance Corporation of India under individual policies as well as group policies on the same life to which following benefits apply shall not in any event exceed Rs. 100 lakhs of Accident Benefit Sum AssuLife Insurance Corporation of India under individual policies as well as group policies on the same life to which following benefits apply shall not in any event exceed Rs. 100 lakhs of Accident Benefit Sum Assulife to which following benefits apply shall not in any event exceed Rs. 100 lakhs of Accident Benefit Sum Assured.

Policy loan, surrender value, bonus, benefits are included under Bajaj Allianz Group Term Life Insurance Plan loan and benefits.

Medical insurance may include any type of health insurance policy, such as regular health policy, top up / super top up, critical illness fixed benefit health plans and also the critical illness rider opted under a life insurance policy.

Policy loan, surrender value, bonus, benefits are included under HDFC Life Group Credit Protect Insurance Plan loan and benefits.

Provisions under IDBI Federal Suvidha Insurance and Exide Life Wealth Maxima mainly include policy renewal and different types of riders.

Provisions under Shriram Group Term Life Insurance and HDFC Group Unit Linked Pension mainly include policy renewal and different types of riders.

Provisions under Shriram Group Term Life Insurance and Group Credit Protect mainly include policy renewal and different types of riders.

Provisions under IDBI Federal Suvidha Insurance and ICICI Pru Smart Life mainly include policy renewal and different types of riders.

Provisions under Exide Life Prospering Life Plus and IDBI Federal Growth Insurance mainly include policy renewal and different types of riders.

Provisions under Shriram Life Secure Plus Plan and Wealth Insurance mainly include policy renewal and different types of riders.

Provisions under Shriram Group Term Life Insurance and LIC New Jeevan Nidhi mainly include policy renewal and different types of riders.

Provisions under IDBI Federal Growth Insurance and Exide Life Wealth Maxima mainly include policy renewal and different types of riders.

Provisions under Shri Life and Secured Income Insurance Plus mainly include policy renewal and different types of riders.

Provisions under IDBI Federal Suvidha Insurance and Exide Life Golden Years mainly include policy renewal and different types of riders.

Provisions under IDBI Federal Growth Insurance and ICICI Pru Elite Life 2 mainly include policy renewal and different types of riders.

Policy loan, surrender value, bonus, benefits are included under LIC Group Credit Life Insurance loan and benefits.

Provisions under HDFC Group Unit Linked Pension and Shriram Group Term Life Insurance mainly include policy renewal and different types of riders.

Provisions under Maha Life Supreme and Secured Income Insurance Plus mainly include policy renewal and different types of riders.

Provisions under LIC Single Premium Group Insurance and Metlife Group Term Life Plus mainly include policy renewal and different types of riders.

Policy loan, surrender value, bonus, benefits are included under Aegon Life iIncome Insurance Plan loan and benefits.

Provisions under Growth Insurance Plan SP and Exide Life Golden Years mainly include policy renewal and different types of riders.

Provisions under LIC Single Premium Group Insurance and Aegon Life Easy Protect mainly include policy renewal and different types of riders.

Provisions under Group Credit Protect and Shriram Group Term Life Insurance mainly include policy renewal and different types of riders.

Policy loan, surrender value, bonus, benefits are included under Exide Life Secured Income Insurance Plus loan and benefits.

The Chasm Group, LLC and Chasm Institute, LLC (San Bruno, CA) 1997 — 2008 Business Operations Manager • Managed all daily operational tasks for leading multi-million dollar high - tech market strategy consultancy, while providing executive administration to C - level executives and venture capital partners • Developed and managed the firm's annual budget, proposing and implementing expense cuts, producing monthly reports and financial statements, and coordinating with CPA firm for accurate and timely filings • Oversaw all client relationship management efforts while cultivating new business efforts from concept to implementation, providing high - quality service in sales efforts while utilizing new lead tracking system • Negotiated and managed all contracts, stock grants, and financing arrangements, working closely with outside counsel to draft legal documents and resolve LLC - and proprietary - related issues • Led three office space build - outs and two office relocations, managing all aspects of each process under aggressive timeline and budget expectations • Reduced firm telecom expenses by 22 % by streamlining IT objectives, including migration to VOIP phone system, software / hardware purchases, domain renewals, and outsourced technical support • Directed all phases of staff recruitment while creating and implementing all HR policies and programs, including comprehensive employee benefits plans • Supervised multiple administrative staff members, conducted performance appraisals and wage / salary surveys in comparison to incentive program guidelines, and maintained HR files in accordance with legal mandates • Produced all out - going client invoices in an accurate and timely fashion to increase, cash flow and reduce aging receivables, providing consistent attention to overhead costs and vendor arrangements • Administered all company insurance policies, including E&O, general liability, bonds, partner life and disability, conducting annual benefits reviews and employee / company insurance audits • Obtained necessary certificates for consulting contracts while processing federal, state, and local business reporting requirements to maintain licenses and incorporation status • Directed all marketing efforts and oversaw logistical aspects of national educational workshop series, utilizing sponsorship arrangements to offset production costs • Transformed «brochure» website into a dynamic tool to better illustrate company opportunities through relevant case studies, as well as maintaining all other promotional media, including press kits and video Association of California School Administrators (Burlingame, CA) 1993 — 1997 Issues and Planning Committee Coordinator • Executed all phases of event planning and implementation for a membership - driven organization including 23 state committees, 5 task forces, 6 strategic planning conferences, and a conference of 1,500 attendees • Focused on facility evaluations, bid requests, site visits, contract negotiations, and all pre - and post-conference planning processes • Produced statistical and financial reports, including budget projections and cost monitoring for developmental training efforts • Oversaw all participant - level responsibilities, including inquiries, eligibility, registration, correspondence, and billing statements • Managed all legal professional standards calls for Northern California regions, including the processing of attorney authorizations, the preparation of legal assistance letters, and liens on cause of action • Served as second point of contact for computer inquiries and troubleshooting efforts as well as provided back - up executive administrative support for Executive Director, Committee Chairs, and the State Superintendent of Public Instruction • Held responsibility for software installation and hardware configuration while performing weekly AS / 400 backup and report generation