Sentences with phrase «endowment plans allow»
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.
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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.
The second plan allows you to convert to an endowment policy with the same assured sum, but with a rise in the premium amount.
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.
In the light of the above, if you want to enrol your child for higher education 10 - 15 years from now, you need to make a provision for the same by investing your savings in an endowment plan like Edelweiss Tokio Life — Wealth Builder that will allow your initial investment to grow using the principle of compounding.
An endowment plan is a life insurance policy that allows you to save money for a specific period.
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.
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.
The Single Premium Endowment Plan from LIC is an endowment plan that allows the investor to get both life cover and assured returns by paying a single premPlan from LIC is an endowment plan that allows the investor to get both life cover and assured returns by paying a single premplan that allows the investor to get both life cover and assured returns by paying a single premium.
Policy Termination or Surrender Benefit: The insured is allowed to surrender his endowment plan anytime, given he has completely paid his premiums for 2/3 years since inception.