Sentences with phrase «year premium»
The phrase "year premium" refers to the amount of money you pay each year for insurance coverage. It is the cost you have to pay annually to keep your insurance policy active. Full definition
In case the life insured commits suicide in first year the premium paid is returned and no claim is payable.
maxlifeinsurance.com
He chooses 12 - year premium paying term (22 - year policy term).
Your financial adviser will provide you with information about the growth of the cash value over time and the number of years premium payments are required.
Surrender value will generate if 3 full years premium is paid.
Discount of 7.5 % if insured person pays two year premium in advance as a single premium.
Lastly, is the one year premium membership plan which runs for 12 months and costs just $ 140.
If one is quoting a $ 400 per year premium, and a competitor quotes $ 200 per year, look at the details of both offerings.
With most cash value policies the aggregate commission paid to the selling agent is approximately equal to the first year premium on the policy.
The following year the premium increases again as you will be paying a premium for a person two years older.
Under an annual plan, a borrower pays the first - year premium at closing.
For term insurance it is generally a percentage of the first year premium with no renewal commissions paid.
These are all payable against the first years premiums only.
In the early years the premium is more than enough to pay the current cost of insurance protection.
So far I paid 6 years and 7th year premium is due this month.
The following year your premium will increase because the life expectancy for you one year later is less than the year before.
• Qualified for company's leadership club convention within the first year, exceed first year premium average, ranked Top 40 in the company for sales in accident and health insurance.
A policy with a 5 - year premium guarantee is available, but we do not sell it.
Remember when comparing an older policy to a new one, the number of additional years the premium is guaranteed into the future may represent an enhancement of value.
The minimum amount guaranteed is equal to 30 % of annual premium paid less first year premium along with the entire vested bonus.
I completed 2 years of premium and next month I have to pay third year premium.
When choosing your policy make sure you understand how many years your premiums are guaranteed to remain the same.
From the 2nd policy year, the policyholder can pay as low as 75 per cent of the first year premium without any reduction in the initial sum assured.
Thus in several years your premiums can go down.
The plan has a 10 year premium payment tenure.
After 10 years the premiums increase and are level for another 10 year period.
Under an annual plan, a borrower pays the first - year premium at closing.
This plan offers the customer an eight - year premium paying term and a ten - year policy term.
After paying 100 % of first year money to acquisition costs, the customer balance is actually less than 0; that credit is then deducted from their 3rd year premium.
The insurance company saves the commission (about 30 % of first year premium, 5 % after that on an average) that it would have otherwise paid to the agent.
Dhan Vridhi and Exide Life Golden Years premium comparison can be done on the basis of minimum and maximum premium, if top up premium is allowed and also if premium waiver is available in case of critical illness or physical disability.
Elite Advantage and Exide Life Golden Years premium comparison can be done on the basis of minimum and maximum premium, if top up premium is allowed and also if premium waiver is available in case of critical illness or physical disability.
If you're on our New Energy Plus we spend the same amount building each year, and you're paying a # 20 per year premium for 100 % green electricity — still # 80 a year less than with Good Energy — on average.
For policies, when one full policy year premium has been paid subject to non-payment of premiums for three policy years, early exit value is payable.
For example if you go for a policy with regular premium structure, an agent can get about 7 to 30 per cent of first year premium amounts and this is no mean sum by any standards.
Is it all in your best interest or will it genertate new 1st year premiums for your agent?
AND a TWO YEAR PREMIUM SUBSCRIPTION.
Payment options for Exide Life Golden Years premium include: Limited Pay, Regular Pay and Single Pay.
According to the latest IRDA report, the total premium for the first year in November 2016 jumped to Rs 16,000 crore, as compared to year - on - year premium which was Rs 7,500 crore recorded back in November.
Led by state - owned LIC, life insurance companies have registered a 61 per cent growth in first - year premium collections in the first two months of the current fiscal.
Discount: In case the policy term is extended to 2 years then 12.5 % discount can be availed on 2nd year premium.
Premium Allocation In the first year the premium allocation is 85 % for a premium of Rs 15000 — Rs 1,99,000.
«We have earned first year premium of Rs 288 crore during April - December period and expect to close the fiscal with premium collection of Rs 750 crore,» Future Generali Managing Director Deepak Sood told reporters after launching Sanjeevani Plus, a unit linked whole life insurance - cum - investment plan.
Signing up for a six - month or one - year premium account enables you to have unlimited communication, access to intelligent matchmaking, view all member photos, see profiles visitors, and access read receipts for messages.