Sentences with phrase «year during the payout period»

Survival Benefits varying from 8.0 % to 12.5 % of the Sum Assured on Maturity payable each year during payout period.

Guaranteed Base Income (GBI), as a percentage of Sum Assured, accrues each year during the payout period.

Annual Payout — A fixed amount equal to 5 times the Monthly Payout is payable at the end of every policy year during the payout period and will not be payable during the last policy year (at maturity).

Scenario I: On Survival of Rohit till Maturity In case of survival of Rohit, he will start receiving Rs 24,000 at the beginning of each year during the payout period.

The first installment is payable at the end of the first year during this payout period.

Not exact matches

On top of the 3 and 5 year dividend growth rate, a more important metric is how the payout has increased during this period.

In addition, there's generally a restricted period for the first few years of coverage, so if you pass during that time your beneficiaries won't receive the full payout.

At the end of each fiscal year, the Committee certifies performance against the applicable performance targets, and units representing the level of achievement during that fiscal year are «banked» for potential payout at the end of the three - year performance period.

In addition, there's generally a restricted period for the first few years of coverage, so if you pass during that time your beneficiaries won't receive the full payout.

Term life insurance offers coverage for a specified period of time, typically between 5 to 35 years, and your beneficiary will receive a payout if you pass during that period of time.

Additionally, guaranteed acceptance policies usually have a 2 to 3 year period post-purchase during which your beneficiary will receive little to no payout upon your death.

On top of the 3 and 5 year dividend growth rate, a more important metric is how the payout has increased during this period.

Life insurance policies have a two - year clause, or contestability period, during which companies can contest a payout.

During the first two years of the policy, known as the contestability period, the carrier can dispute a payout if there's suspected fraud.

Life insurance policies have a two - year clause, or contestability period, during which companies can contest a payout.

The contestability period is the two - year period when a policy first goes into effect; during this time, a life insurance company can contest the death benefit payout.

Term life insurance offers coverage for a specified period of time, typically between 5 to 35 years, and your beneficiary will receive a payout if you pass during that period of time.

Just to be clear, a partial waiting period is a plan whereby the insurance company would payout a portion of your death benefit if you passed during the first two years.

The exclusionary period is a pre-determined time period, usually two years, after buying your policy, during which your beneficiaries will receive a refund of your premiums instead of a death benefit payout.

Maturity Benefit — If the Life Insured survives the maturity of the Policy with all premiums paid, they receive a Guaranteed Payout as a percentage of the Sum promised during the Maturity Payout Period, and 100 % of the Sum which is certain to be paid on maturity, is paid at the end of the 20th year.

Income Benefit: Monthly income payable during the 10 year Payout Period post completion of the Policy Term.

In case of death during the payout period (16th to 30th year), the maturity benefit for the remaining payout period is then payable to the nominee.

In case of survival of the life assured during the benefit payout period, you will receive the regular payouts at the end of each policy year.

In case of death of the life insured during the payout period, the guaranteed payouts are paid to the nominee till the end of the 17th year.

Survival Benefit as guaranteed income every year is payable during the payout period.

You will receive three types of payouts, during the payout period (last 5 policy years for Plan Option» 5 -5-5» and last 7 policy years for Plan Option» 7 -7-7») on survival:

He will receive income benefits of «12,00,000 during the payout period of 5 years, as below: