Sentences with phrase «year of the policy term»

Term insurance covers everthing there is only one exclusion that is sucide within first year of policy term.

I have invested ten lakhs from 2005 to 2015 which was the last year of policy term of 10 years.Somehow due to some faulty advice i surrendered the policy in oct 2015 and received around 1750000 / - as i was adviced it would be tax free.But afterwards i came to this would be taxable.Kindly let me kmow what would be the tax implication.In anticipation of prompt reply the IT return has to be filed by 31 july.

Top - up can't be made in the first year and the last five years of the policy term.

You bought a Child Plan for your 6 - year - old kid with 10 years of policy term while expecting to receive the maturity benefit of Rs 20, 00,000.

The policyholder may choose to convert the Kotak Term Plan to any other plan that is offered by the company, provided it is not a term plan, before the last five years of the policy term.

Policy Termination or Surrender Benefit: In case the insurance holder wants to surrender the policy before completion of the first 5 years of the policy term, then the plan will be ceased and the fund value will be transferred to the discontinued policy fund where a minimum 4 % per annum growth is earned.

In the last four years of the policy term, guaranteed Payouts accrue at 40 % and 20 % per year.

Period — This allows you to convert your policy for a certain period — say, the first five years of the policy term.

Term insurance covers everthing there is only one exclusion that is sucide within first year of policy term.

His family will start receiving Rs. 80, 000 considering Rs. 5000 inflation every year which amounts to Rs. 30, 000 increase for being in the 6th year of policy term.

Well, because of 2 reasons — Getting more units without having to compensate the high allocation charges (40 % of the regular premium, 1 - 2 % of the top - up) Additional life cover Top - up can't be made in the first year and the last five years of the policy term.

The bonus included in maturity is taken as declared for past years and previous year's bonus for future years of policy term.

Insureds are asked to indicate their name, policy number, and effective month and year of all policy terms that are needed.

Typically, a 20 year traditional plan (money - back or endowment) will break even around 8th year of the policy term.

A money back insurance plan that offers fixed periodic lump sums in the last five years of the policy term.

Max Life Shiksha Plus Plan — This linked insurance plan does not offer any liquidity during the first 5 years of the policy term.

If the chosen policy term is 14 years and you have paid your premiums regularly for first two years of the policy term, then your failure to make further payments will automatically convert your policy into a paid up policy.

All life insurance companies do not pay out the sum assured when death takes place by suicide within the first year of the policy term.

High liquidity is available as partial withdrawals are allowed, after the completion of initial five years of policy term.

It is paid at the end of every policy year excluding the last year of the policy term.

After the policy is surrendered the total fund value is transferred to the discontinued policy fund and it is only payable after the completion of 5th years of policy term.

If a policyholder doesn't raise a claim in the previous year of his policy term, then they get a no claim bonus from the insurer as a reward.

In case you surrender the policy post the completion of 5 years of the policy term, your total Fund Value shall be paid to you.

Smart Growth Plus offers a guaranteed addition of 5.5 % of sum assured per annum during the first five years of the policy term.

According to the changes proposed in budget 2018, single premium payment of health insurance plans with more than 1 year of policy term will be eligible for income tax exemption on a pro-rate basis.

Reliance Fixed Money Back Plan:: It offers fixed periodic lump sums in the last five years of the policy term.

Partial withdrawals are allowed after 5 years of policy term to meet any urgent expenses with the minimum amount set at Rs. 5000 / -

Most term plans allow you to choose your policy tenure as per your desire among the fixed options of 15, 20, 25, or 30 years of policy term.

This stops during last 2 years of the policy term when funds are redistributed to debt funds to save them from market fluctuations.

One can avail this facility after the completion of 3 years of policy term.

Birla Sun Life Insurance (BSLI) today announced the launch of a participating traditional plan, BSLI Savings Plan, with guaranteed additions for the first 5 years of the policy term.

Partial withdrawals are allowed after 5 years of policy term with minimum amount fixed at Rs. 10,000 and maximum amount being 20 % of the fund value

Offers Guaranteed bonus for first 5 years of the policy term.

For this, the policy should obtain a surrender worth and should have completed 3 years of the policy term.

20 % of the base sum assured payable at the end of every year during the last three years of policy term before the maturity date

The policyholder shall be paid 20 % of the base sum assured at the end of every year, in the last three years of the policy term if the policyholder survives the policy term.

The plan also offers loan after just one year of policy term for any liquidity needs.

There is an option for you to invest additional money as a top - up as and when you want to except in the last 5 years of the policy term

Automatic Asset Rebuilding Strategy: This features manages the equity exposure of your fund automatically starting with high exposure to equity in the initial years of policy term and gradually decreasing it over the years and diverting funds to low risk funds towards the end of policy term.

To meet educational expenses, 20 % of the sum assured is paid at the end of every year during the last three years of the policy term

The policyholder can decide to withdraw his savings anytime during the Flexi benefit period (that is, the last 10 years of the policy term) and avail the maturity benefits (100 per cent of sum assured plus accrued reversionary bonus till date plus terminal bonus, if any).

You have the option to pay additional premium as Top - up Premium any time except during the last five years of the policy term.

Guaranteed addition of 3 % of the sum assured on vesting (maturity) that gets accrued for a completed year of policy term

In the last 4 years of the policy term, 50 %, 25 %, 25 % and 20 % of Sum Assured are paid respectively.

Every year of the policy term, a specific amount of bonus (based on the performance of your investment) is declared for your endowment policy.

To augment savings of the customers, Smart Growth Plus offers a guaranteed addition of 5.5 % of sum assured per annum during the first five years of the policy term.

SURVIVAL BENEFIT: During the survival period insured will get 15 % of basic sum assured as a money back every 5 year of policy term (5th, 10 th, 15 th, 20 th year).

But the option of conversion is not available during the last 5 years of the policy term or after 65 years of age,» said Karthik Raman, chief marketing officer, head - products and strategy, IDBI Federal Life.

Top - up premiums are not allowed during the last 5 years of the policy term.

Not exact matches

Founded only in 2008 but measured earlier this year as the third-most valuable venture capital - backed group in the world at over $ 25 billion, Airbnb also said it would help prevent its service from causing housing shortages by «ensuring hosts agree to a policy of listing only permanent homes on a short - term basis».