Since the endowment plans have a fixed return component, many people like purchasing endowment plans as opposed to ULIPs.
Since endowment plans are pretty popular in India, most of the leading insurance companies have endowment plans.
Not exact matches
The role of these regional policies has been crucial,
since they have been supporting the
endowment of resources and ICT infrastructure in schools,
plans for teacher training, the production of content and digital materials, and the promotion of pedagogical innovation projects.
Meanwhile, foundation
endowments have plunged and local tax revenues have shrunk
since Rhee offered the
plan in summer 2008.
Since term life insurance
plans are more affordable it is possible for an individual to opt for a higher life cover for the same premium as an
endowment plan.
Policy Termination or Surrender Benefit: The insured is allowed to surrender his
endowment plan anytime, given he has completely paid his premiums for 2/3 years
since inception.
Since r is the rate of interest, with these values, your
endowment plan will yield you a return of 5.4 % only.
Looking at the premium amount of this term insurance
plan, I'd say it's quite affordable as compared to
endowment plans since it does not involve the distribution cost.
Hello Mr. Raj,
Since the original term of the two
endowment plans is 25 years and you have paid the premium for only 2 years, I would personally suggest not to continue with these
plans and surrender them.
Since child
plans are basically an
endowment policy, it offers loan which can be taken against your policy once the policy has acquired surrender value.
You should definitely buy a term
plan since the death benefit here is likely to be much higher than the traditional
endowment plans you have.
I would not recommend a traditional
endowment plan since it typically has high hidden costs and provide limited exposure to equities.