Sentences with phrase «withdrawal under the top»

Partial withdrawal under the Top - up: Partial withdrawal value will be acquired immediately on payment of top up.

Partial withdrawal under Top - up premiums shall be allowed only after completion of five years from the date of payment of each Top - up premiums or after the Life Assured attains age 18, whichever is later

Not exact matches

Universal credit has also come under fire from anti-poverty groups concerned with the steep rate of benefit withdrawal, which on top of tax and national insurance acts as a disincentive to work extra hours.

If it doesn't and you're under 59.5 years old, your withdrawal will be subject to income tax plus an additional 10 % tax on top of that.

For instance, a $ 1 million IRA inheritance could be whittled to almost nothing under particularly bad circumstances, such as a combination of estate taxes, top income tax brackets, and missed withdrawal deadlines.

On death of the policyholder, under Benefit Option 1, higher of the Sum Assured including the top - up SA net of any partial withdrawals made in the last 2 years or Fund Value including the Top - up Fund Value or 105 % of premiums paid is payable to the nomitop - up SA net of any partial withdrawals made in the last 2 years or Fund Value including the Top - up Fund Value or 105 % of premiums paid is payable to the nomiTop - up Fund Value or 105 % of premiums paid is payable to the nominee

However the partial withdrawal value is payable only after the completion of five years from the date of payment of each top up or on attainment of age 18 by the life assured whichever is later The maximum partial withdrawal amount under top up should not exceed 20 % of the fund value at the time of withdrawal.

However, at any point of time during the policy term, the minimum fund balance under top up after the partial withdrawal should be at least equal to 50 % of the top up premiums paid.

On death of the policyholder, higher of the Sum Assured including top - up Sum Assured net of partial withdrawals made 24 months prior to death or Fund Value including top - up Fund Value is paid subject to a minimum of 105 % of all premiums paid till death under the Smart Invest variant

Partial Withdrawal from top - up fund value is allowed on completion of first five policy years or on attaining 18 years, whichever is later, except complete surrender under the policy.

Under Option II: Higher of Sum assured (less partial Withdrawals #) or Base Premium fund value plus Higher of Top - up sum Assured or Top - up Premium fund value is payable.