Sentences with phrase «with age of policy holders»

The premium amount payable increases with age of policy holders, generally above 45 years of age, as above this age risk factors increase.

Apart from this, you may require undergoing Medical Test depending on the sum assured along with the age of the policy holder.

Additionally, mortality charge increases with the age of the policy holder.

Not exact matches

(Technically, coverage on current policies lasts until the policy holder reaches the age of 120 — if you think you may live even longer, check with your insurer to see if you will receive benefits beyond that age).

If you are able to qualify for a life insurance policy that is rated as a Standard, then you will pay a premium rate that is in line with the «average» policy holder of your same gender and age range.

Non-United States citizens or any visa holders (e.g. L / H / B1, B2, etc.) as well as person on Green Card living outside of the U.S. can also purchase the plan for temporary coverage in the U.S.. For someone below 65 years of age, coverage must begin within 6 months of arrival in the U.S. and for someone 65 years of age and older, coverage must begin within 30 days of arrival in the U.S. (restriction waived with proof of previous valid insurance within 30 days of the policy start date).

With this type of coverage, the policy will renew each year, meaning that the yearly premium that is paid will be determined every year, based on the policy holder's current age.

There are other policy options as well, including one for return of premium, as well as a term conversion option that allows the company's term life insurance policy holders with additional flexibility as their policy ages.

Policy holders above 18 years of age have option of availing LIC's Accidental Benefit Rider with this plan, which will provide additional amount equal to basic sum assured in case of death caused due to accident.

Two different age bands provide for policy coverage ranges from $ 25,000 to $ 99,999, with a third band offering coverage of $ 100,000 - $ 250,000 to policy holders between 16 and 85 years old.

The policy holder will have a choice to continue with the policy until 100 years of age.

Let's consider an example — Policy holder's current age is 30 years (male), buys this policy for Sum Assured of Rs 10 Lakh and with Premium Paying Term as 25 Policy holder's current age is 30 years (male), buys this policy for Sum Assured of Rs 10 Lakh and with Premium Paying Term as 25 policy for Sum Assured of Rs 10 Lakh and with Premium Paying Term as 25 years.

The Guaranteed Death benefit along with Accrued Paid up Additions and Terminal bonus at various ages of policy holder is as mentioned below: Benefits illustrated below: -

So, with increased age of the policy holder, premium increases significantly.