Sentences with phrase «with vested simple reversionary bonus»
On the life assured surviving the end of policy term (100 - Age at entry) provided all premiums have been paid Sum Assured along with vested simple reversionary bonus and FAB (if any) shall be payable.
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After commencement of risk: Sum assured along with vested simple reversionary bonus and final additional bonus (if any) would be paid.
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.
In case of an unfortunate demise of the life Insured during the policy term, Sum Assured on death along with vested Simple Reversionary Bonus and Terminal Bonus is payable to the nominee.
If Mr. Raman dies during the policy term, his nominee will receive Rs 5 Lacs along with vested Simple Reversionary Bonus and Terminal Bonus.
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.
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.
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
A basic sum assured with vested simple reversionary bonuses will be payable.
Sum Assured: 60 K along with vested simple reversionary bonuses.
Maturity Benefit: The Basic Sum Assured, along with the vested simple reversionary bonuses and Final Additional bonus, if any, shall be payable in lump sum on Survival to the end of the policy term provided all due premiums have been paid.
The maturity benefit includes a basic sum assured with vested simple reversionary bonuses.
On survival of the life assured till the end of the policy term, Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus is payable.
On death during the term of the policy and on or after the date of commencement of risk, Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus is payable.
In the event of demise of Mr. Raman during any policy year, Rs 3 Lacs along with vested Simple Reversionary Bonuses and Final Additional Bonus is payable.
In case of survival of the life assured till the maturity of the policy, a lump sum of basic sum assured along with vested Simple Reversionary Bonuses and Final Additional Bonus is payable, provided all the premiums have been paid.
On survival of the life assured till the date of maturity, sum assured on maturity along with vested Simple Reversionary Bonuses and Final Additional Bonus is payable, provided the policy is in - force.
If single or both partners are alive during the maturity, they receive basic sum assured, along with vested simple reversionary bonuses and terminal bonus.
On survival of the life assured till maturity of the policy, Sum Assured on Maturity along with vested simple reversionary bonuses and final additional bonus is payable as a lump sum, provided the policy is in - force.
On survival of the life insured till maturity of the policy, Sum Assured on Maturity along with Vested Simple Reversionary Bonuses & Final Additional Bonus is payable.
In case of survival of the life assured till the end of the policy term, the basic sum assured along with vested Simple Reversionary Bonuses and Final Additional Bonus is payable, provided the policy is in - force.
ON DEATH: On death of insured AFTER COMMENCEMENT OF RISK, sum assured along with vested simple reversionary bonuses and final additional bonus, if any, shall be payable.
ON MATURITY: On survival till the end of policy term, sum assured along with vested simple reversionary bonuses and final additional bonus, if any, shall be payable.
ON MATURITY: On maturity insured will get, sum assured along with vested simple reversionary bonuses and final additional, if any, shall be payable.
In case of Life assured surviving the stipulated date of maturity, 40 % of the Basic Sum Assured along with vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable.
At maturity (after 25th birthday), the child will get remaining 40 % of the Sum Assured, along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any.
Insurance21 Replied: 02-06-2017 10:40:44 Here is plan feature text from LIC website: On the life assured surviving to the end of the policy term, provided all due premiums have been paid, «Sum Assured on Maturity» along with vested Simple Reversionary Bonuses (as mentioned in 2 below) and Final Additional bonus, if any, shall be payable.
Maturity Benefit: On the Life assured surviving the stipulated date of maturity, provided the policy is in full force, Sum Assured on Maturity (which is 40 % of the Basic Sum Assured) along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable.
Not exact matches
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.
It provides extensive life coverage till one's death, which means that the sum assured, along with all the simple reversionary and finally acquired bonuses, would be granted to her / his appointed nominee.
In case of plan maturity, the Sum Assured on maturity and the vested simple reversionary bonuses with any Terminal Bonus is payable
Beneficiary gets Death Sum Assured plus vested simple reversionary bonus as on date of death, along with Interim 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, ifBonus 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, ifBonus already paid as a part of Income Benefit, along with interim bonus and terminal bonus, ifbonus and terminal bonus, ifbonus, if any.
Vested simple reversionary bonuses and any Guaranteed Terminal Additions are also paid along with the Sum Assured on death.
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
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.
The paid - up value is equal to the paid - up sum assured including vested simple reversionary bonus with the terminal bonus if any.
God forbid, in the unfortunate event of your demise during the policy coverage period, your nominee would be paid ten times the annualized premium or 125 % of the Basic Sum Assured along with simple vested reversionary bonuses and additional final bonus.
Benefit on Vesting would be provided under the policy in full force, on vesting an amount equal to the Basic Sum Assured along with accrued Guaranteed Additions, vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be made available to the Life AVesting would be provided under the policy in full force, on vesting an amount equal to the Basic Sum Assured along with accrued Guaranteed Additions, vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be made available to the Life Avesting an amount equal to the Basic Sum Assured along with accrued Guaranteed Additions, vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be made available to the Life Assured.
With the insured surviving to the end of the policy term, he would be paid 40 % of the Basic Sum Assured besides being paid simple reversionary bonuses and additional final bonus.
On death after the commencement of risk a definite sum of Sum Assured on Death and vested Simple reversionary bonuses along with final additional bonus are given.
The remaining 40 % of Sum Assured along with accrued simple Reversionary Bonus + Terminal Bonus would be paid as Maturity Benefit on survival till the end of the Policy Tenure.
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.
Simple Reversionary Bonus vested annually from the end of the 1st policy year and is payable on survival during benefit payout term or death of the life insured / maturity of the policy, as applicable under Pure Income Benefit & Income with Maturity Benefit Option respectively.
Scenario A: On survival of Mr. Raj In case of survival of the life insured till the vesting date, an amount equal to the Basic Sum Assured along with accrued Guaranteed Additions, vested Simple Reversionary bonuses and Final Additional bonus is payable.