Sentences with phrase «upon policy maturity»

Permanent insurance which provides, at minimum, a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death benefit.

Whole Life Insurance: A type of permanent life insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death benefit.

Whole Life Insurance: A type of permanent life insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death benefit.

Not exact matches

Proceeds: The amount payable under the terms of a life insurance policy upon the insured's death or upon the maturity of an endowment.

When you pay monthly or annual premium into an endowment policy, part of that payment is used to buy life insurance, while the rest is pooled in an investment fund that goes towards your endowment payout upon maturity.

The Company's insured credit derivative policies are structured to prevent large one - time claims upon an event of default and to allow for payments over time (i.e. «pay as you go» basis) or at final maturity.

Our insured credit derivative policies are structured to prevent large one - time claims upon an event of default and to allow for payments over time (i.e. «pay as you go» basis) or at final maturity.

By definition, the paid up value of a life insurance policy is the value an owner receives from the insurer upon default or surrender or early termination of the policy before its maturity or the insured's death.

The policy is terminated upon the earliest of the following: on payment of the Surrender Benefit, or Death Benefit or Maturity Benefit.

Upon maturity, the insured receives the sum assured plus the bonus for the term of the policy, if any.

In this scenario, if the proposer dies during the tenure of the policy, there is no need to pay further premiums and the child will get all the benefits upon maturity of the policy.

Here it is important to remember in endowment policies, you get the sum assured upon maturity, whereas in term plans no maturity benefit is paid out.

As stated earlier, you will need to revert to your insurance agent when you have to make claims or upon the maturity of your policy and a disinterested person will be oflittle help.

The reserve or cash value is then paid to the owner of the policy upon maturity.

The policy pays a guaranteed * amount of 40 % of the Base Sum Assured plus accrued bonuses upon maturity.

Upon maturity of the policy, the complainant had approached the company and filled the surrender form on March 19, 2013.

A surrender charge is levied on policy holders upon cancellation of their policy before maturity; i.e. the pre-defined length of the policy term, and is designed to cover the cost of keeping the policy on an insurer's books.

Upon maturity or claim on the policy, the proceeds are paid to the creditor.

Graded policies provide limited coverage for the first few years, with each subsequent year providing increased coverage until the policy reaches maturity, at which point it will pay out 100 percent of death benefits upon the policyholder's death.

Sum assured is a fixed amount that the insurer agrees to pay upon happening of the contingency (i.e. either death or maturity) as mentioned in the policy document.

Maturity Benefits On surviving the term of the policy or upon the end of the policy or maturity, the insured receives the sum assured plus bonus for the term of the inMaturity Benefits On surviving the term of the policy or upon the end of the policy or maturity, the insured receives the sum assured plus bonus for the term of the inmaturity, the insured receives the sum assured plus bonus for the term of the insurance.

• Guaranteed returns: Your policy earns a Guaranteed Addition of 7 % per annum to 9 % per annum of the Annualized Premium (excluding taxes and any other extra premium), depending upon the policy term chosen by you, till the end of the policy term which is payable at maturity.

Bonuses — Any Simple Annual Reversionary Bonuses get accrued to your plan from the end of the first year of the policy and are eligible to be paid upon Maturity, Death or Accidental Total Permanent Disability

Maturity Benefit — Upon maturity of the plan (if the life insured survives the policy term), the life insured is pMaturity Benefit — Upon maturity of the plan (if the life insured survives the policy term), the life insured is pmaturity of the plan (if the life insured survives the policy term), the life insured is paid out:

This is because the individuals will not get any repayment of premiums upon the maturity of the policy.

Further, the proceeds on maturity or upon surrender of the policy are tax - exempt under Section 10 (10D).

This is exactly what you will need if you want to avail survival benefits upon maturity of your policy duration.

These contracts are designed to provide lump sum maturity benefits at the end of the policy term or upon the death of the life insured.

Case 3: Upon maturity If you stay with the policy till maturity, the maturity proceeds are completely tax free.

Final Additional Bonus depends upon the year of policy maturity or the year in which it is claimed under Death of the policyholder.

Its advantage is that, regardless the health status of the policyholder upon the maturity of the policy, they can avail themselves of the coverage of the same policy by prolonging its term.

Investment plans are a form of insurance that helps you do both: receive compensation in case of untoward incidents as well as get return on investment upon maturity of the policy.

Bonuses are brought during the term of the policy and the policyholder will obtain the bonuses upon maturity.

Final Additional Bonus depends upon the year of policy maturity or the year in which it is claimed under death of policyholders.

The policy ceases to exist upon the earlier of the insured's death or the contract's maturity.

Maturity Benefit: Upon survival at policy maturity, the insured is entitled to receive the Fund Value including Loyalty AdMaturity Benefit: Upon survival at policy maturity, the insured is entitled to receive the Fund Value including Loyalty Admaturity, the insured is entitled to receive the Fund Value including Loyalty Additions.

The amount available in cash when a policyholder voluntarily terminates a life insurance policy before it becomes payable upon death or maturity.

Maturity proceeds under this Policy are tax free under section 10 (10D) of Income Tax Act 1961 upon fulfillment of conditions laid down fo

Upon maturity or death of the policy holder, insurance company provides a lump sum amount of money to the life insured or his dependents.

Upon maturity of the policy, the survivor gets a maturity benefit.

Upon survival of the policy term, the insured person gets the remaining amount of sum assured in the form of maturity benefit.

Surrender fees are the charges that your insurance company may charge you for surrendering the policy, withdrawing funds, or canceling the investment portion of the policy before the original agreed upon maturity date under the terms and conditions of the policy.

In case the Life Insured is found to be suffering from a disease that is likely to lead to the Death of the Life Insured within 6 months of diagnosis in the opinion of a Registered Medical Practitioner and the concurrence of Company's appointed doctor, the Company will advance 50 % of the Guaranteed Maturity Sum Assured (up to maximum of Rs. 10 Lakhs across all policies which provide this benefit) immediately upon Policyholder's request.

As a result, upon death or maturity of the policy, whichever occurs earlier, you get a hefty amount of money in your hand.

Upon choosing Invest Protect Option, it helps you gain from your investment plus minimizes the risk to your returns as your policy approaches to maturity.

The Loyalty Addition is payable on death upon completion of five policy years or at maturity.

You receive the maturity benefit with bonus upon the maturity of the policy and your child receive the death benefit in case of death of the policyholder.

Upon choosing post-graduation maturity payout, 52 % each for the first two years, starting from the end of the policy term.

Guaranteed Lump Sum Benefit (GLB) is a survival benefit payable only upon the survival of the life insured at the end of the Premium Paying Term and at the end of policy year when Life Insured attains age 75 and is equal to Sum Assured on Maturity.

The percentage of Guaranteed Payout depends upon the Policy Term, Premium Payment Term and the Premium Amount as mentioned below: (The Policyholder has an option to take the above mentioned maturity benefit as a lump sum.