Sentences with phrase «dual purpose of insurance»
Therefore, if you have purchased an insurance plan for the dual purpose of insurance and investment, only the portion of the premium that goes towards providing life cover (known as mortality charge) shall be subject to GST.
https://www.personalfinanceplan.in/
Endowment plans serve the dual purpose of insurance and investment: they provide life insurance and also help the policyholder to save money over a period of time so that you receive a lump sum amount on maturation and a life cover to secure your family's future in the event of a tragedy.
HDFC child plan serves the dual purpose of insurance and investment.
Not exact matches
«Consumers often don't know that permanent life insurance policies can serve a dual purpose — to ensure a family is adequately protected in the event of a primary caretaker's death and help plan for retirement.»
These plans are developed with the dual purpose of providing a saving avenue to customers and also to provide life insurance coverage at the same time.
Unlike general insurance contracts, life insurance contracts are generally long term in nature, traditionally bought with a dual purpose of risk cover and long term savings.
Investing in a good child insurance plan, serves a dual purpose of investment and insurance for your child.
«ABRs often appeal to individuals interested in planning for potential care needs of the future with a dual - purpose product that eliminates the «use it or lose it» risk of traditional long - term care insurance.
Those who know about insurance products are conversant with the way that insurance serves the dual purpose of offering protection and acts as an instrument for saving money.
While ULIPs serve a dual purpose of life insurance + investment, mutual funds are pure investment products.
Esurance provides insurance coverage for a variety of bikes including motorcycles, scooters, mopeds, street - sport bikes, high - performance bikes, limited - production and custom bikes, cruisers, touring and sport - touring bikes, vintage bikes, motocross bikes, off - road / dual - purpose bikes, and ATVs.