Proceeds of the Discontinued Policy definition

Proceeds of the Discontinued Policy means the fund value as on the date of discontinuance plus entire income earned after deduction of the fund management charges, subject to a minimum guarantee of interest @ 4% p.a. or as prescribed by IRDA of India from time to time.

Proceeds of the Discontinued Policy means the Fund Value in Your Discontinued policy fund.

Proceeds of the Discontinued Policy means the Total Fund Value as on the date the policy has discontinued, less the applicable discontinuance charges as on the date of discontinuance after addition of the interest earned and subject to a minimum guarantee of the interest, as applicable to savings bank accounts of State Bank of India.

Examples of Proceeds of the Discontinued Policy in a sentence

• If the policy is not revived within the Revival Period, the Proceeds of the Discontinued Policy Fund shall be payable to the Policyholder at the expiry of Revival Period.

• During the lock-in period of 5 years, if death happens after the policy has been surrendered, the Proceeds of the Discontinued Policy Fund as on the date of intimation of death shall be payable.

• Proceeds of the Discontinued Policy Fund means the Fund Value as on the Date of Complete Withdrawal.

• During the Lock-in Period, if death happens after the Policy has been surrendered, the Proceeds of the Discontinued Policy Fund as on the date of registration of death claim shall be payable.

• If the policy is not revived within the Revival Period, the Proceeds of the Discontinued Policy Fund shall be payable to the policyholder at the expiry of Revival Period.

More Definitions of Proceeds of the Discontinued Policy

Proceeds of the Discontinued Policy means the Fund Value as on the date the policy was discontinued, after addition of interest computed at the interest rate stipulated under section “Discontinued Policy Fund” under Part D.

Proceeds of the Discontinued Policy means the fund value of the Discontinued Policy Fund as payable on death/revival/surrender (as applicable).

Proceeds of the Discontinued Policy means the fund value as on the date the policy was discontinued, after addition of interest computed at the interest rate as declared by Authority from time to time. The current minimum guaranteed interest rate applicable to the discontinued fund is 4% p.a.

Proceeds of the Discontinued Policy means the fund value as on the date of complete withdrawal.

Proceeds of the Discontinued Policy means the fund value as on the date the policy was discontinued, after the addition of interest computed at the applicable interest rate.

Proceeds of the Discontinued Policy means the fund value as on the date of discontinuance plus entire income earned after deduction of the fund management charges, subject to a

Proceeds of the Discontinued Policy means the Fund Value prevailing on the Date of Discontinuance of the Policy after levying a Fund Management Charge of 0.5% (Five Tenths percent) per annum along with all the income earned on the Pension Discontinuance Policy Fund over and above the minimum guaranteed interest at the rate 4% (Four percent) per annum or such other rate as declared by the IRDA from time to time;