Sentences with phrase «endowment plan holders»
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https://www.relakhs.com/ Not exact matches
Like other endowment plans, it is meant to give double benefit: death benefit to family in case of policy holder's demise, and maturity benefit to policy - holder in case of survival.
Convertible and renewable: depending on the terms and conditions, insurers will allow policy holders to convert their term life plans to endowment plans for the same payout but with an increase in premium.
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.
LIC agent has approached me for new endowment plan for 16 years, sum assured Rs. 9,00,000, premium is Rs. 60,000 pa, maturity benefits is Rs. 21,24,187 after maturity if I opt for pension plan Rs. 16,197 pm till the death of policy holder at his death maturity benefit amount will be paid to nominee.
However, in an endowment plan at the end of the maturity period a lump sum amount of payment is given to the insurance holder, provided that the person survives the period of the insurance.
Rated alongside some of the best endowment insurance plans available for Indian insurance seekers, this non-market linked, with profit plan comes packed with a host of benefits for the policy holders.
Bajaj Allianz Guarantee Assure is a non-participating traditional endowment plan which provides wealth creation and insurance protection for complete security of the policy holder.
Endowment plan — This plan differs from term plan only in one aspect, the endowment plan makes a pay out in case of death of policy holder as well as in case of the maturity of the plan term.
The new endowment plus plan is a unit linked plan, which means the investment part of the policy holder's premium is used for buying market linked products which are offered as units.
It is an endowment plan with profits and hence the holder gets the sum assured with bonus and other benefits.
As this is a participating plan of LIC, this conventional endowment plan always permits the insurance holder to leverage the revenue of the company.