Sentences with phrase «pay endowment life insurance plan»
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.
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The main difference between an endowment plan and term insurance plan is as follows - In case of term insurance plans, a lump sum is paid to the beneficiary if the Life insured dies within the maturity period.
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 provide you with tax benefits.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.
Gerber's endowment life insurance policy is called a College Plan, on the assumption that you'll use the policy's proceeds to pay for your child's education.
Like endowment and ULIP plan, in child insurance plan a part of the premium paid goes towards paying the life coverage and the rest amount in invested in various investment instruments like equity, debt, etc. however, the portion deducted towards investment is very small, as the insurer deducts the premium allocation charge beforehand.
TATA AIA Life Insurance Secure 7: This is a non-linked non-participating endowment assurance plan that requires you to pay premium for 7 years and receive guaranteed annual income for the next 7 years.
The main deviation between an endowment plan and term insurance plan is as follows - In case of term insurance plans, a lump sum is paid to the beneficiary if the Life Insured dies within the maturity period.
This endowment life insurance plan will enable you to take your family on that dream holiday or pay off that loan on your house.
TATA AIA Life Insurance Saath Saath: A non-linked, non-participating endowment micro insurance plan with return of a pre-specified percentage of «Total Premiums Paid» at Insurance Saath Saath: A non-linked, non-participating endowment micro insurance plan with return of a pre-specified percentage of «Total Premiums Paid» at insurance plan with return of a pre-specified percentage of «Total Premiums Paid» at maturity.
The Canara HSBC OBC Life Smart One Pay Plan is a non-participating endowment Unit Linked Insurance Plan with a single premium payment.
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.
LIC Jeevan Labh is a non-linked, limited premium paying, with - profits endowment life insurance plan.
Tata AIA Life Insurance Secure 7 is a limited pay, non linked, participating endowment plan that helps you to ease out the process of future planning and investment.The plan will ensure you to build a... Read more
Tata AIA Life Insurance Money Maxima is a non-linked, participating, regular premium paying endowment assurance plan that helps maximize returns, so you can fulfill your mid or long term financial goals.
Tata AIA Life Insurance Money Maxima is a non-linked, participating, regular premium paying endowment assurance plan that helps maximize returns, so you can fulfill your mid or long term financial goa... Read more
In case, you buy an endowment or ULIP Plan, which provides a combination of life insurance plus investment, you need to pay a higher amount of premium as it goes towards providing the life cover and investment returns.