Sentences with phrase «whereas endowment plans»

Whereas endowment plans offer lump sum returns at the end of the policy term.

Choosing a Joint Term Insurance Plan is a good option if a couple doesn't want to pay heavy premiums, whereas endowment plan is ideal if a long - term investment is also an objective.

Not exact matches

Here it is important to remember in endowment policies, you get the sum assured upon maturity, whereas in term plans no maturity benefit is paid out.

For instance, a term plan may prove ideal if you are on a tight budget whereas if you have a long - term goal and are ready to shell out the high premium, an endowment plan may be a better choice.

An endowment plan returns a lump sum at the end of the policy term, whereas money - back policies offer benefits at regular intervals.

Whereas ULIP is an alternative to traditional endowment plan paying out sum assured or investment amount whichever is higher, on death or maturity whichever is earlier.

«One only needs to compare the price of a term plan, whereas Ulips and endowment plans have other features that need to be explained to the buyer,» says Rajput.