Not exact matches
Annuity plans necessitate the insurer to pay the insured income at regular
intervals until his death or
till maturity of the plan.
But if he survives
till end of
maturity of the policies though he wont get any returns frm term plan, but he will find he has built a huge surplus to meet his obligations at different
intervals.
If kid survives
till maturity, he / she will receive the money - back payments (survival benefits) at periodic
intervals (after 18 years of child's age)