Sentences with phrase «as traditional endowment plans»

These plans can be offered as traditional endowment plans or unit linked plans.

Usually child plans come with the bonus earning feature if they are offered as a traditional endowment plan.

Not exact matches

Compared to an traditional life insurance plans such as endowment plans, money - back plans, etc., a term life insurance plan provides far more cover at a far lower premium underlining the best benefit that life insurance products should ideally offer - protection in case of death!

Hence any money back received as part of the product structure or amount accumulated under a traditional endowment or unit linked plan will simply be payable to the beneficiary at the maturity of the policy.

Unlike a traditional savings account or an investment account which don't guarantee a payout, you can secure a guaranteed payout of $ 10,000 to $ 150,000 with an endowment life insurance policy such as the Gerber Life College Plan.

Insurance Plans: These include traditional insurance policies such as endowment plans, money - back policies, and term coPlans: These include traditional insurance policies such as endowment plans, money - back policies, and term coplans, money - back policies, and term covers.

Traditional plans can further be offered as endowment plans or money - back plans.

One of the categories is «traditional insurance plans» such as term insurance (pure protection), endowment and money back plans.

Max Life - Life Gain Premier is a traditional participating endowment insurance plan helps you build a corpus that can be utilized to fulfill key milestones of your life, such as children's education / marriage, enjoy post-retirement life, etc.. A systematic savings plan which offers financial protection for your family also.

He underlined the investors were now choosing traditional products, such as guaranteed returns, money back, endowments and guaranteed income plans over ULIPs.

Traditional insurance plans, such as endowment or money - back plans, can either be «participatory» (or «with - profit») plans, thereby qualifying for bonus, or «non-participatory» (or «without - profit») plans that do not qualify for bonus.

Merely buying a life insurance policy such as a term insurance plan or a traditional endowment plan may not cover all risks.

Traditional endowment products as well as unit - linked insurance plans are offered as child plans.

As an investor, it is prudent not to invest in any traditional plans (moneyback / endowment plans) offered by any of the insurance companies.

You may read my article on Term insurance Vs Endowment plans to get more idea about the importance of having adequate life cover and why Small Savings Scheme like PPF can be a better option than traditional life insurance plans (such as money - back / endowment plan).