Sentences with phrase «endowment insurance plan allows»
This unit linked endowment insurance plan allows one to make the most of one's investments by switching and redirecting premium from one fund to another.
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A convertible term plan a saving cum insurance plan which allows the insured to switch later to an endowment policy or a whole life assurance plan.
An endowment plan is a life insurance policy that allows you to save money for a specific period.
You can take your pick from an array of life insurance policies that include term insurance plans, endowment plans, money back plans or ULIP plans, all of which will allow you to save tax with insurance.As per Section 80C, the premiums that you pay towards the life insurance policy is deductible up to a maximum of Rs 1.5 lakhs.
This life insurance endowment plan allows you to choose a guaranteed tax free supplementary income for future, while ensuring a strong financial protection for your family in case of uncertainties.