Sentences with phrase «endowment insurance plan where»

This is a kind of endowment insurance plan where the bonus amount is pre-decided and fixed, irrespective of how the market functions.

Money back policies are quite similar to endowment insurance plans where the survival benefits are payable only at the end of the term period, plus the added benefit of money back policies is that they provide for periodic payments of partial survival benefits during the term of the policy so long as the policy holder is alive.

Not exact matches

An endowment life insurance plan is a kind of insurance policy where the premium is paid for the entire duration of the policy and when it matures, the policyholder receives a lump sum amount of money.

As per the insurance dictionary, a child plan is an endowment policy where the parent is the policyholder and the child is the beneficiary.

If your objective is to look for a risk - free endowment plan where you can get the dual benefits of tax - savings as well as life insurance, LIC Jeevan Praagti Plan is going to be your best plan where you can get the dual benefits of tax - savings as well as life insurance, LIC Jeevan Praagti Plan is going to be your best Plan is going to be your best bet.

But people mostly like traditional endowment or ULIP plans where they will also earn some interest at the end of maturity thinking that an insurance cum savings plan is better than a term insurance plan.

The problem is there for insurance plans which provide investment benefits too i.e. insurance products such as endowment plans and ULIPs where sum assured is a much lower multiple of annual premium.