Sentences with phrase «year term policy equal»

The additional term coverage rider provides a twenty - year term policy equal to the target death benefit.

Not exact matches

Extended Life Cover Period is the number of years equal to half of the Policy Term, commencing from the Maturity Date.

Please let me know that monthly income advantage plan offered by Max Life in which after paying 12 annual premiums will get a monthly income for next 10 years & get a lump sum amount (equal approximate the premiums paid in 12 years in the beginning) plus approx. 14.5 times death benefit for the entire policy term i.e. 22 years.

Also choose the Premium payment type — «limited pay» where the Premium payment term is 5 years lesser than the Policy Term or «regular pay» where the Premium payment term is equal to Policy Tterm is 5 years lesser than the Policy Term or «regular pay» where the Premium payment term is equal to Policy TTerm or «regular pay» where the Premium payment term is equal to Policy Tterm is equal to Policy TermTerm.

Generally speaking, a 30 - year term life policy will cost more than a 10 - year term life insurance policy with all other things being equal.

The insured receives 10 % of the sum assured every year for 5 years after the policy term in addition to a lumpsum amount that equals 50 % of the sum assured in addition to compounded reversionary bonus and terminal bonus, they have not been declared by Future Generali Life Insurance.

So if you've paid $ 2,500 a year for 10 years on a policy, you'd have long - term care benefits equal to $ 25,000.

The net reduction in yield for policies with term less than or equal to 10 years will not be more than 3.00 % at maturity, Irda said.

Depending on the insurance company, ROP term builds guaranteed cash values in the early policy years that will equal the total premiums paid by the end level term period.

GA equal to 7 % per annum of BSA will accrue at the end of each policy year till the premium payment term, subject to all due premiums are paid and the policy is in - force till that point in time.

You can purchase a policy with a term equal to the length of your mortgage (10, 15, 20 or 30 years) and at the end of the term, your mortgage will be paid off and (if you outlive the policy) you will have the added bonus of a lump - sum payment of all the premiums you paid for the policy.

For life assured having entry age greater than or equal to 8 years but less than or equal to 40 years, the policy term to be chosen shall be between 10 years to 30 years, both inclusive.

For example, the initial face amount of coverage of a $ 200,000 decreasing term life insurance policy decreases by $ 20,000 each year, until after 10 years the face value of the policy equals zero.

Get Guaranteed Sum Assured plus vested simple reversionary bonus till the end of premium payment term 10 equal installments starting from the 11th policy year till maturity of your policy.

The premium paying term is equal to the term of policy or three years less than the maturity of the policy.

Regular Pay: Equal to policy term Limited Pay: For 10 years policy term: 5 years; For 15 to 30 years policy term: 10 years

: For Regular Pay: Equal to policy term For Limited Pay: For 10 years policy term: 5 years; For 15/20/25 / 30 years policy term: 10 years

The rider offers you flexible premium paying term - single premium, regular premium (equal to the policy term) and limited premium (5 - 25 years).

Once your policy matures, which is 5 years after your premium payment term, you will receive a lump sum payout equal to 50 % of the Sum Assured plus any declared Compounded Reversionary bonuses plus any Terminal Bonus, which is called the Maturity Benefit.

From 41st policy year till end of policy term, Death Sum Assured would be equal to 200 % of sum assured.

The premium paying term also known as PPT in years is always equal to the policy term.

Surrender Value can be acquired on payment of all premiums for at least 2/3 policy years, when the premium payment term is less than 10 years / equal to 10 years or above.

Death benefit Option1: In case of death of the Life Assured, nominee will receive the following: Higher of Sum Assured or Fund Value or 105 % of total premiums paid Death benefit Option2: Triple Benefit Option In case of death of the Life Assured during the Policy Term, nominee will receive the following: Higher of Sum Assured or 105 % of total premiums paid + All future premiums due will be paid by the Company (additional savings benefit) + Amount equal to the annual premium will be paid every year to the nominee (Income Benefit).

Whereas the total commission on a permanent policy typically is equal to about one year's premium with about 55 percent to 80 percent generally being paid in the first year, commission rates on term insurance policies tend to run about 40 percent to 60 percent of the first year's premium, and about 5 to 8 percent of each successive premium.

Cost of Living - Permits the policy owner to purchase an inflation - adjusted one - year term insurance equal to the percentage change in the Consumer Price Index with no evidence of insurability.

Also choose the Premium payment type — «limited pay» where the Premium payment term is 5 years lesser than the Policy Term or «regular pay» where the Premium payment term is equal to Policy Tterm is 5 years lesser than the Policy Term or «regular pay» where the Premium payment term is equal to Policy TTerm or «regular pay» where the Premium payment term is equal to Policy Tterm is equal to Policy TermTerm.

Guaranteed Additions is 3 % / 5 % per annum for the first 5 policy years, when the policy term is less than or equal to 19 years / equal to or greater than 20 years.

The survival benefit equal to 8 % of Basic Sum Assured is payable every year from completion of premium paying term till maturity of the policy.

Benefit Option 1 - 5 Years, 7 Years, 10 Years, 15 Years Or Equal To The Policy Term Benefit Option 2 - 10 Years, 15 Years Or Equal To The Policy Term

This policy acquires the surrender value after payment of at least 3 full policy years» premium, when premium paying term is equal to or more than 10 years.

For the Policy Term equal to 15 years, Loyalty Additions of 5.6 % is payable at the end of the 10th policy year & 2.2 % is payable at the end of the 15th policyPolicy Term equal to 15 years, Loyalty Additions of 5.6 % is payable at the end of the 10th policy year & 2.2 % is payable at the end of the 15th policypolicy year & 2.2 % is payable at the end of the 15th policypolicy year.

A fixed amount equals to the 20 % of the base sum assured is payable as the survival benefits at the end of each policy year in the last 3 years before the completion of the term.

Scenario B: Mr. Gupta dies during the Term of the Policy In the event of unfortunate demise of Mr. Gupta in the 3rd policy year after payment of 3 years» premiums, his family will receive a lump sum amount of Rs 1,014,000, Guaranteed Sum Assured on maturity equal to Rs 2,00,000 along with accrued Annual bonuses and Final bonus, is payable on matPolicy In the event of unfortunate demise of Mr. Gupta in the 3rd policy year after payment of 3 years» premiums, his family will receive a lump sum amount of Rs 1,014,000, Guaranteed Sum Assured on maturity equal to Rs 2,00,000 along with accrued Annual bonuses and Final bonus, is payable on matpolicy year after payment of 3 years» premiums, his family will receive a lump sum amount of Rs 1,014,000, Guaranteed Sum Assured on maturity equal to Rs 2,00,000 along with accrued Annual bonuses and Final bonus, is payable on maturity.

Guaranteed Loyalty Benefit equal to 10 % of the Annualised Premium is payable at the start of year from 2nd policy year onwards during the Premium Payment Term.

An amount equal to the Annualised Premium is paid to the beneficiary at the start of every Policy year from the date of death till the end of the Policy Term.

On choosing this rider all future premiums till the entire Policy Term subject to a maximum age of 60 years along with an amount equal to higher of 105 % of all premiums paid or Fund Value will be paid to the nominee.

Loyalty Units Addition as 1.70 % / 1.80 % for premium payment term of 5 or 7 years / 10 years or equal to policy term.

After the end of the policy term of seven or 10 years, at the end of each year, it offers 150 or 175 per cent of the annual premium, for the number of years equal to the policy term.

The payout period is defined as the period starting from one year after the end of the policy term for a period equal to the policy term.

Sum Assured on Death will be paid in equal monthly installments starting immediately from the next monthly anniversary following the date of death and will be payable for 72 months (for policy term 12 years), 96 months (for policy term 16 years) or 144 months (for a policy term of 24 years).

Limited Pay - 6 Years (10 Year Policy Term), 6/10 Years (15 To 19 Year Policy Term), 6/10/15 Years (20 To 35 Year Policy Term) Regular Pay - Equal To Policy Term

Guaranteed Lump Sum Benefit (GLB) is a survival benefit payable only upon the survival of the life insured at the end of the Premium Paying Term and at the end of policy year when Life Insured attains age 75 and is equal to Sum Assured on Maturity.

Income Benefit - An amount equal to the Annualized Premium is paid to the beneficiary at the start of every policy year following the date of death till the end of the Policypolicy year following the date of death till the end of the PolicyPolicy Term.

Fred takes out a separate term insurance policy with a $ 400,000 death benefit and a 30 - year term which is equal to the mortgage term.

Assuming Mr. Verma chose a Policy Term of 18 years with Limited Pay variant, his Premium Payment Term will be 15 years with a Sum Assured equal to INR 16,85,772.

For instance, converting in the first five years of your term gives you the choice of either being insured as if you were the same age as when you first bought the term policy (which could save you significant money), or receiving a credit equal to one year of your term policy's premium.

Under this form of the one - year term option, the insured's designated beneficiary can receive a death benefit equal to the full face value of the underlying policy.

On the life assured surviving the end of premium paying term (PPT) provided all due premiums have been paid: Survival benefit will be equal to 8 % of basic sum assured will be paid each year till the life assured survives or till the policy.

The duration of this extended life cover is equals to half of the policy term starting from year of maturity.