Sentences with phrase «makes endowment policy»

The sum assured keeps on increasing with bonus and other benefit which makes your endowment policy, an ideal investment tool.

The rate of return earned in the above example is just 5 % which makes endowment policy a poor choice for making investments.

Not exact matches

Radiocarbon dating (also referred to as carbon dating or carbon - 14 dating) is a method for determining the age of an object containing organic material by ENDOWMENT INSURANCE PLAN: 14: Features of Plan: This policy not only makes provisions for the family of the life assured in the

In an attempt to make unit - linked insurance policies (Ulips) run parallel to endowment policies, the Insurance Regulatory and Development Authority (Irda) has asked insurers to increase the minimum

The policy buyer can make his choice as to which savings plan or endowment policy he finds right to fulfil his financial goals.

In 1988 changes were made in the tax code, and single premium policies purchased after were «modified endowment contract» (MEC) and subject to less advantageous tax treatment.

The statements made above assume the policy remains in force, it isn't a modified endowment contract and the policy qualifies as life insurance under Internal Revenue Code, Section 7702.

Modified endowment contracts are usually purchased by individuals who are interested in tax - sheltered, investment - rich policies, and do not intend to make pre-death policy withdrawals.

As the policy approaches its endowment date, the actual amount of true insurance coverage (over and above the cash value reserves) shrinks, which makes the overall cost manageable.

This is true even if changes are made to the policy which would otherwise not caused the policy to become a modified endowment contract.

Generally, this can take 5 - 7 years; although, it can be expedited through a paid up additions rider and / or a supplemental term life rider on your policy to make sure that a modified endowment contract (MEC) doesn't occur.

Dad enquired and said if I surrender I lose first year premium and will get only 30 % of remaining premium I have two LIC policies: 1) New endowment, Enroll Date = 2014, Sum assured = 15L, Policy Term = 21 yrs, Premium = 69,000 yearly (Was 35,000 half yearly, but I made it to Yearly last year).

These features make endowment plan more preferable for risk - averse investors as it also provides maturity benefit apart from death benefit offered to the nominee of the policy in case of an eventuality.

It is an endowment plan with a limited premium paying term, making it a suitable LIC policy for a 27 year old who is looking for returns in the short run.

The guaranteed nature of the sum assured makes a money back plan a better option than riskier life insurance policies such as endowment plans.

As a with - profit endowment assurance plan the policy accumulate profit made by LIC through the final additional bonus and simple reversionary bonus and these add - on bonuses are paid out at the termination of the maturity period.

In many cases only endowment policies, ulip plans, money back policies and single premium payment plans are having some high commission structure and almost every agent is trying to sell those polices only to make money.

How an endowment plan works, is decided by the company with minor modifications which make the policy a little special for the particular company.

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.

I have already made a mistake by taking an endowment policy (Jeevan Anand for term of 30 yrs) and have paid 2 premiums around 53000 in total (around 26.5 thou annual premium).

These benefits, along with the tax savings, make the endowment life insurance policy an extremely appealing investment instrument.

As per experts, combining a pure term life policy with investment such as mutual funds is a far better option than making an investment in an endowment policy or ULIPs.