Guaranteed Additions definition

Guaranteed Additions means periodical additions that will be at- tached to a Deferred Annuity Policy and which will be part of the Death Benefit, as per the details in Part C below.
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Guaranteed Additions means the additions which are guaranteed and payable in accordance with Clause 3.1 of Part C, under Option 3 or 4 (as chosen).
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Guaranteed Additions means the guaranteed additions payable in accordance with Clause 2.5 of Part C.
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Examples of Guaranteed Additions in a sentence

  • In case the premiums are not duly paid, the Guaranteed Additions shall cease to accrue under a policy.

  • On death of the Life Insured during the Policy Term, provided the Policy is in force, We shall pay Sum Assured on Death, plus Guaranteed Additions (if any, only under Option I), to the Claimant.

  • In case of surrender, the surrender value of Guaranteed Additions will be payable.

  • Total Premiums Paid + Accrued Guaranteed Additions – Total Annuity paid out till date of intimation of death – Booster payout, if any b.

  • Guaranteed Additions shall accrue at the end of each policy year during the Premium Paying Term (PPT), provided all due premiums have been paid till date.

  • Guaranteed Addition/s shall not accrue once the Policy has been converted to a Reduced Paid-up Policy.

  • Guaranteed Maturity Benefit = (Guaranteed Maturity Benefit Factor as per Annexure A) x Total Premiums Payable Guaranteed Addition/s shall not accrue once the Policy has been converted to a Reduced Paid-up Policy.

  • On Life Assured surviving the stipulated Date of Maturity provided the policy is in-force, “Sum Assured on Maturity” along with Guaranteed Additions, shall be payable.

  • In addition to the Death Paid-up Sum Assured the Guaranteed Additions accrued upto the date of First Unpaid Premium along with Loyalty Addition, if any, shall also be payable on death.

  • In addition to the Maturity Paid-up Sum Assured, the Guaranteed Additions accrued upto the date of First Unpaid Premium along with Loyalty Addition, if any, shall also be payable on maturity.


More Definitions of Guaranteed Additions

Guaranteed Additions means an amount as specified in the Schedule. Guaranteed Additions are expressed as a percentage of Sum Assured on Maturity and shall be equal to 8% of Sum Assured On Maturity each year. Guaranteed Additions accrue at the end of the last four Policy Years in case of Wealth For Milestones Variant provided the Policy is Premium paying or all Premiums under the Policy haves been fully paid and at the end of last four Premium Payment Term in case of Early Wealth Variant, provided the Policy is Premium paying on the date the accrued Guaranteed Addition becomes due. The accrued value of Guaranteed Additions shall be payable on the Maturity Date in accordance with Clause 1.3 of Part C. In case of surrender, the applicable Surrender Value of accrued Guaranteed Additions shall be payable at the time of surrender of the Policy in accordance with Clause 1 of Part D
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Guaranteed Additions means the guaranteed additions payable in accordance with Part C of the Policy.
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Related to Guaranteed Additions

  • Guaranteed Sum means: The maximum aggregate amount of R

  • Guaranteed Indebtedness means, as to any Person, any obligation of such Person guaranteeing, providing comfort or otherwise supporting any Indebtedness, lease, dividend, or other obligation (“primary obligation”) of any other Person (the “primary obligor”) in any manner, including any obligation or arrangement of such Person to (a) purchase or repurchase any such primary obligation, (b) advance or supply funds (i) for the purchase or payment of any such primary obligation or (ii) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency or any balance sheet condition of the primary obligor, (c) purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation, (d) protect the beneficiary of such arrangement from loss (other than product warranties given in the ordinary course of business) or (e) indemnify the owner of such primary obligation against loss in respect thereof. The amount of any Guaranteed Indebtedness at any time shall be deemed to be an amount equal to the lesser at such time of (x) the stated or determinable amount of the primary obligation in respect of which such Guaranteed Indebtedness is incurred and (y) the maximum amount for which such Person may be liable pursuant to the terms of the instrument embodying such Guaranteed Indebtedness, or, if not stated or determinable, the maximum reasonably anticipated liability (assuming full performance) in respect thereof.

  • Guaranteed Obligations has the meaning specified in Section 7.01.

  • Guaranteed asset protection waiver means that term as defined in section 3 of the guaranteed asset protection waiver act.

  • Guaranteed analysis means the minimum percentage of each plant nutrient guaranteed or claimed to be present.

  • Guaranteed Maximum Price or “GMP” means the amount proposed by Contractor and accepted by Owner as the maximum cost to Owner for construction of the Project in accordance with this Agreement. The GMP includes Contractor’s Construction Phase Fee, the General Conditions Cost, the Cost of the Work, and Contractor’s Contingency amount.