Sentences with phrase «vested simple reversionary bonuses»
In case of survival till the policy end, one will get Basic Sum Assured + vested Simple Reversionary Bonuses + Final Additional Bonus, if any as maturity benefit.
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If an insured person survives the policy term, he / she will be entitled to the maturity benefit that is, Sum Assured along with vested Simple Reversionary Bonus + Final Addition Bonus.
If the policyholder surrenders the policy after the first year then the surrender value will be 90 % of the single premium excluding taxes and extra premium paid The surrender value of vested simple reversionary bonuses, if any, shall also be payable as per the terms and conditions mentioned in the policy document.
Beneficiary gets Death Sum Assured plus vested simple reversionary bonus as on date of death, along with Interim bonus, if any
The non-guaranteed vested simple Reversionary Bonus along with Terminal Bonus (if any), shall be payable as lump sum immediately on Death of Life Insured.
Get Guaranteed Sum Assured plus vested simple reversionary bonus till the end of premium payment term 10 equal installments starting from the 11th policy year till maturity of your policy.
On death, the nominee gets higher of the SA on death and vested Simple Reversionary Bonuses if any subject to a minimum of 105 % of all premiums paid till death
Participating in profits: Policy shall participate in the profits of the company and entitle to vested simple reversionary bonus declared as part of the experience of the company.
Death Benefit = Sum Assured on Death + vested Simple Reversionary Bonuses + Final Additional Bonus if any.
The Sum Assured along with vested Simple Reversionary Bonus + Final Addition Bonus would be paid to the Life Insured on survival till the end of the Policy Tenure as Maturity Benefit.
The Surrender Value of Vested Simple Reversionary Bonuses is also payable.
Sum Assured on Death plus Non-Guaranteed vested simple Reversionary Bonuses and Non-Guaranteed Terminal Bonus (if any)
Beneficiary gets Death Sum Assured plus Vested Simple Reversionary Bonus as on the date of death after deducting Reversionary Bonus already paid as a part of Income Benefit, along with interim bonus and terminal bonus, if any.
Maturity Benefit — In case the policy holder survives the entire tenure of the policy then he / she will be liable to avail maturity benefit as final instalment of survival benefit along with terminal bonus plus vested simple reversionary bonus.
Death Benefit - In case of uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus if any.
Under the LIC child plan, on maturity, 40 % of the Sum Assured, vested simple reversionary bonuses and a Final Additional Bonus, if any, will be paid to the policyholder
Under this LIC child plan, in case of death post the deferment period, the Sum Assured on death which is higher of 125 % of the chosen Sum Assured or 10 times the annual premium, vested simple reversionary bonuses and a Final Additional Bonus, if any, is paid subject to a minimum of 105 % of all premiums paid till the date of death
Under this LIC child plan, in case of death post the deferment period, the Sum Assured on death which is higher of the chosen Sum Assured or 10 times the annual premium, vested simple reversionary bonuses and a Final Additional Bonus, if any, is paid, subject to a minimum of 105 % of all premiums paid till the date of death
On maturity date, the Sum Assured on maturity plus the vested simple reversionary bonuses including any Terminal Bonus is payable
On Maturity the Guaranteed Sum Assured on Maturity is payable which is equal to basic SA including accrued Guaranteed Additions @ 7 % and vested Simple Reversionary Bonuses
In case of plan maturity, the Sum Assured on maturity and the vested simple reversionary bonuses with any Terminal Bonus is payable
Guaranteed Smart Benefits are paid for 4 years @ 25 % of the Basic Sum Assured and 25 % of the vested Simple Reversionary Bonuses after the child attains 18 years and till he reaches 21 years
Maturity benefit is the sum assured along with accrued guaranteed additions and vested simple reversionary bonuses, which is payable in a lump sum on survival to the end of the policy term.
Vesting Benefit at the end of the 20th year will be Sum Assured + Vested Simple Reversionary Bonus + Terminal Bonus, if any.
Death benefit will be Sum Assured + vested Simple Reversionary Bonuses + Final Additional Bonus, if any.
Maturity benefit (Benefits payable on maturity) = Basic Sum Assured + vested Simple Reversionary Bonuses + Final Additional Bonus, if any.
Base Sum Assured along with the vested Simple Reversionary Bonuses shall be used to provide an annual income benefit at the end of every subsequent policy year after the premium payment term, i.e. (Base Sum Assured + vested Simple Reversionary Bonus) x Income Benefit Factor
Beneficiary gets Death Sum Assured plus Vested Simple Reversionary Bonus as on the date of death
In case of sudden death during the policy premium paying term, his / her family or nominee will get «Sum assured on Death» + vested Simple Reversionary Bonuses + Final Additional Bonus, if any as Death benefits.
Maturity benefit will be Sum Assured + vested Simple Reversionary Bonuses + Final Additional Bonus, if any.
Death / Maturity Benefit = Sum Assured + Vested Simple Reversionary Bonus + Final Additional Bonus, if any
The guaranteed surrender value factor will be applicable to the vested simple reversionary bonus, if any.
If death occurs within the period from date of commencement of risk to 5 years before the date of expiry of policy term: Sum Assured + Vested Simple Reversionary Bonuses + Final bonus (if any)
Vested simple reversionary bonuses and any Guaranteed Terminal Additions are also paid along with the Sum Assured on death.
On death after the first five years, basic Sum Assured + accrued Guaranteed Additions + vested Simple Reversionary Bonuses and Final Additional Bonus, if any is paid either in lump sum or in annuity or partly in lump sum and partly in annuity.
On Maturity, 40 % of the base Sum Assured + vested simple reversionary bonuses + Final Additional Bonus, if any, are paid.
Vested Simple Reversionary Bonus.
Basic Sum Assured + (Vested Simple Reversionary Bonuses + Terminal bonus (if any)-RRB- is paid after the completion of the endowment term, provided SBI Shubh Nivesh policy is still in force
On maturity, the Sum Assured on maturity along with the Guaranteed Terminal Additions and vested simple reversionary bonuses is paid subject to a minimum of 101 % of all premiums paid
On death after the risk cover has begun, the Sum Assured (SA) on death + vested simple reversionary bonuses + Final Additional Bonus, if any, is payable subject to a minimum of 105 % of all premiums paid till death.
On Vesting, basic Sum Assured + Guaranteed Additions + vested simple reversionary bonus + Final Additional Bonus, if any, is payable to the policyholder.
Basic Sum Assured + (Vested Simple Reversionary Bonuses + Terminal bonus (if any)-RRB- is paid after completion of the endowment term, provided SBI Shubh Nivesh policy is still in force
The paid - up value is equal to the paid - up sum assured including vested simple reversionary bonus with the terminal bonus if any.
On survival to the end of the policy term, the policyholder will receive the maturity benefit (Sum Assured in Maturity) along with vested simple reversionary bonus and Final Additional Bonus (FAB), if any.
In case of death of the policy holder during the policy term, the Death Benefit which implies the Sum Assured on Death + Vested Simple Reversionary Bonuses along with Final additional bonus, if any, is payable to the nominee.
In case of death of the policyholder during the policy term provided all due premiums have been paid the Death benefit, defined as the sum of «sum assured on death» and vested simple reversionary bonuses and final additional bonus, if any, shall be payable.
If all the regular premiums for decided term are paid with no balance premium, the Death benefit is calculated by adding following amounts: Death Benefit = Sum Assured on death + Vested simple Reversionary Bonus + Final Additional Bonus.
After the policy matures, maturity amount which includes 40 % of sum assured + Accrued Bonuses (vested Simple Reversionary Bonuses) + Final Additional Bonus (FAB — if any) will be paid.
b) Death during the policy term and full coverage: If the death of the policyholder occurs during the policy term with full coverage then in that case death benefit will be Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any.
A basic sum assured with vested simple reversionary bonuses will be payable.