Sentences with phrase «withdrawal during a policy year»

The minimum partial withdrawal amount is Rs 5,000 and the maximum limit for such withdrawal during a policy year should not exceed 25 % of the total fund value available at the beginning of the policy year.

Not exact matches

If more than one withdrawal is taken in a policy year and the sum of all withdrawals taken during that year exceeds the above limitation, the withdrawal charge and MVA will apply to each withdrawal, including the first one.

In certain cases, during the first 15 years of a policy a partial withdrawal may be taxable to the extent there is gain in the policy.

Moreover, the sum assured payable on death will not be reduced at any point of time during the term of the policy except where partial withdrawals have been made during the two - year period immediately preceding the death of the life assured.

No Lapse Guarantee1 The policy is guaranteed to remain in force during the first five policy years if the total premium paid (less withdrawals and indebtedness) is at least equal to the cumulative monthly no lapse premium required.

Depending on the period chosen, withdrawals during the 3, 4, 5, 6, or 7 years of the policy may be subject to surrender charges.

Withdrawals during the first 7 years of the policy may be subject to surrender charges and / or a Market Value Adjustment (MVA).

In certain cases, during the first 15 years of a policy a partial withdrawal may be taxable to the extent there is gain in the policy.

Partial Withdrawal: 2 free partial withdrawals are allowed during a policy year.

A maximum of 15 partial withdrawals is allowed during the entire policy term, in case of policy term more than 10 years.

Partial Withdrawal: One free partial withdrawal is allowed during a poWithdrawal: One free partial withdrawal is allowed during a powithdrawal is allowed during a policy year.

Partial Withdrawal: A maximum of 2 partial withdrawals is allowed during a policy year.

Partial withdrawals under base plan are not allowed during the first 5 policy years or when the life assured is a minor.

Systematic Partial withdrawal is also available after the first 5 policy years, except during the last 3 policy years.

A maximum of 10 partial withdrawals is allowed during the entire policy term, in case the policy term is above 10 years.

A maximum of 10 partial withdrawals is allowed during the entire policy term, in case the policy term is 15/20 years.

A maximum of 15 partial withdrawals is allowed during the entire policy term, in case the policy term is 15 years & above.

Partial Withdrawal Charge: 1 free partial withdrawal is allowed during a poWithdrawal Charge: 1 free partial withdrawal is allowed during a powithdrawal is allowed during a policy year.

Scenario B - Death Benefit: In the event of his death during the policy term, Before age 60 years, the Death Benefit payable is higher of Sum assured less partial withdrawals (in preceding two years), 105 % of all premiums paid or Fund value.

Scenario B - Death Benefit: In the event of death of Mr. Raman during any policy year, higher of Basic Sum Assured less all Deductible Partial Withdrawals, 105 % of the Single Premium paid, or the Single Premium Fund Value is payable to the nominee.

Partial Withdrawal Charge: 2 free partial withdrawals are allowed during a policy year and no further withdrawals are allowed in the same policy year.

Scenario B - Death Benefit: In the event of death of Mr. Raman during any policy year, higher of Basic Sum Assured less all Deductible Partial Withdrawals, 105 % of the total Regular / Single premiums paid, the Regular / Single Premium Fund Value, or 10 times of the annualized premium.

Partial Withdrawal: 1 free partial withdrawal is allowed during a poWithdrawal: 1 free partial withdrawal is allowed during a powithdrawal is allowed during a policy year.

A maximum of 2 partial withdrawals can be done in a policy year and not more than 5 such withdrawals are allowed during the entire policy term, in case of policy term 10 years.

A maximum of 10 partial withdrawals is allowed during the entire policy term, in case of policy term 15 years & above.

Partial withdrawals are allowed after five policy years and up to a maximum of 2 partial withdrawals are allowed during a policy year.