Sentences with phrase «whole tenure of the policy»

Premiums remain stable and constant throughout whole tenure of the policy.

If the life insured survives the whole tenure of the policy, then the sum assured on maturity i.e. 40 % of the basic sum assured + simple reversionary bonus + final additional bonus (if any) is payable after the maturity of the policy.

Maturity Benefit - If the insured person survives the whole tenure of the policy, then the maturity benefit, i.e. the total sum assured amount + reversionary bonus + final additional bonus is paid after the completion of the whole tenure of the policy.

Not exact matches

Taking On Teacher Tenure Backfires California Ruling on Teacher Tenure Is Not Whole Picture New York Times op - ed by JESSE ROTHSTEIN, associate professor of public policy and economics at the University of California, Berkeley

Maturity Benefit: in case the life insured survives the entire tenure of the policy then a basic sum assured amount along with the accrued bonus or simple reversionary bonus is paid to the insured as maturity benefit after the completion of whole policy year.

Unlike the whole life insurance policy, the term plan will provide the sum assured only if death occurs within the tenure of the policy.

You not only receive money back over frequent intervals of the policy tenure, a sum assured at the death of the policy term, bonus amounts as declared by the insurer but also an adequate insurance cover for the whole of the policy period.

In short, the best way to summarize the two variants is that a Term Insurance Plan offers protection for a defined period of time at cheapest rates, Whole Life Insurance Plan comes with a cash value, which helps build funds within the tenure of the policy.

Unlike the whole life plans, the tenure of policy in endowmlent plans is decided for a particular period say 15, 20, 25 or 30 years.

Lot of people get lured by returns promised by insurance companies during the tenure of the policy or on maturity, to go for return of premium policies or money back policies or endowment policies or whole life policies.