Sentences with phrase «years age of policy holder»

Not exact matches

However, rather than having premiums that are paid for the rest of the policy holder's life, the policyholder instead chooses to pay for only a set period of time such as for 10 years, 15 years, or until he or she reaches age 65.

Some policies do allow for a guaranteed number of payment years, which will be paid to an annuitant's estate if both the policy holder and their spouse at an early age.

Bridge Plan and Green Cover insurance policies both provide medical coverage for US residents, green card holders above the age of 60 years and have the same policy maximum ranging from $ 25,000 to $ 250,000.

The Policy Holder must be between 18 and 69 years of age and needs to be included in the cover as an Insured Person.

Non-United States citizens or any visa holders (e.g. L / H / B1, B2, etc.) as well as person on Green Card living outside of the U.S. can also purchase the plan for temporary coverage in the U.S.. For someone below 65 years of age, coverage must begin within 6 months of arrival in the U.S. and for someone 65 years of age and older, coverage must begin within 30 days of arrival in the U.S. (restriction waived with proof of previous valid insurance within 30 days of the policy start date).

With this type of coverage, the policy will renew each year, meaning that the yearly premium that is paid will be determined every year, based on the policy holder's current age.

Hence why the costs of life insurance vary, depending on the policy holder's age, gender, and other lifestyle choices — insurance companies use this information to estimate their claim totals each year.

** Policy holders above age 45 years at start of policy have an option to select 7 times the annualized premium as the lump sum aPolicy holders above age 45 years at start of policy have an option to select 7 times the annualized premium as the lump sum apolicy have an option to select 7 times the annualized premium as the lump sum amount.

However, rather than having premiums that are paid for the rest of the policy holder's life, the policyholder instead chooses to pay for only a set period of time such as for 10 years, 15 years, or until he or she reaches age 65.

Entry age of prospective policy holder to buy the cover ranges from 18 years to a ceiling age of 55 years.

Child Plans are a combination of investment and insurance.The parent is the Policy holder on behalf of the child who is a minor, and on the completion of 18 years of age the money is passed on to the child.

Policy holders above 18 years of age have option of availing LIC's Accidental Benefit Rider with this plan, which will provide additional amount equal to basic sum assured in case of death caused due to accident.

Under this policy in case the policy holder survives beyond 75 years of age, company will provide 3 times the policy sum assured to policy holder.

This scheme will not be entertained in case of the age of the policy name holder is below 8 years old at the time of revival policy and also if the policy lapsed even without getting the paid up value.

As the name suggest, edelweiss tokio life triple advantage plan provide a triple time benefit in case policy holder cross the age of 75 years.

Two different age bands provide for policy coverage ranges from $ 25,000 to $ 99,999, with a third band offering coverage of $ 100,000 - $ 250,000 to policy holders between 16 and 85 years old.

The premium amount payable increases with age of policy holders, generally above 45 years of age, as above this age risk factors increase.

The policy holder will have a choice to continue with the policy until 100 years of age.

ICICI Pru Cancer Protect plan is eligible for age 18 — 65 years and it provide the policy holder a cover against the expenses of cancer treatment from the diagnosis at first place to the journey till chemotherapy, CT scans, hospitalization fees and medication amount for the same.

Let's consider an example — Policy holder's current age is 30 years (male), buys this policy for Sum Assured of Rs 10 Lakh and with Premium Paying Term as 25 Policy holder's current age is 30 years (male), buys this policy for Sum Assured of Rs 10 Lakh and with Premium Paying Term as 25 policy for Sum Assured of Rs 10 Lakh and with Premium Paying Term as 25 years.

when policy holder dies at the age of 80 years sum assured, reversionary bonus up to age 80 years and final additional bonus as per the term will be paid

Let's consider an example — Policy holder's current age is 30 years (male), buys this policy for Sum Assured of Rs 5 Lakh and pays single premium amount of Rs 2.8Policy holder's current age is 30 years (male), buys this policy for Sum Assured of Rs 5 Lakh and pays single premium amount of Rs 2.8policy for Sum Assured of Rs 5 Lakh and pays single premium amount of Rs 2.8 Lakh.

RaviReplied: 02-02-2016 20:46:16 Refund of single premium will be done in case where policy holder is less than 8 year old and death happens before completion of 8 years of age.

As per above policy details, the policy holder is require to pay premium for 30 years and once this premium paying term of 30 years completed, the policy holder starts receiving 2,00,000 (8 % of BSA) per year up to his 99 years of age and on completion of 100 years of age or completion of policy term maturity will be paid.

Suppose if, unfortunate death of policy holder happens in year 2027 (at age 40), then by that time total premium paid will be Rs. 6,52,620 and nominee will get death claim as Rs. 19,20,000 in case of normal death or Rs. 31,20,000 as accidental death claim in case of death due to accident and policy will stop.

In case, the Policy Holder is less than 8 year old, then, Life Cover will start 2 year after Date of Commencement of Policy or completion of 8 year of age, whichever is earlier.

Sir, refer your LIC Jeevan Shikhar Plan (837), i am bit confused about 8 years age.pls explan age of policy holder is 8 years / age of the policy is 8 years.

In case, the policy holder is less than 8 year old, then, life cover will start 2 year after policy purchase or completion of 8 year of age, whichever is earlier.

Suppose if, unfortunate death of policy holder happens in year 2031 (at age 44), then Rs. 17,50,000 will be death claim amount in case of New Endowment Plan (814) and Rs. 22,06,250 death claim in case of New Jeevan Anand (815) plan.

Insurance21 Replied: 08-09-2017 22:14:44 If policy holder's age is above 8 years, then life cover will be 10 times of basic premium from the day the policy is issued.

Premium paying term (PPT) can be either of 15, 20, 25 or 30 years, provided age at completion of premium paying term is not less than 30 years, for example, a 10 year old policy holder can not have PPT as 15.