Sentences with phrase «paying traditional endowment»
Bajaj Allianz Life Super Life Assure is a non-linked, participating, regular premium paying traditional endowment plan that provides the dual benefit of life cover and compulsory savings that further... Read more
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Bajaj Allianz Life Super Life Assure is a non-linked, participating, regular premium paying traditional endowment plan that provides the dual benefit of life cover and compulsory savings that further helps you achieve the targeted financial goals.
Not exact matches
ULIPs are a variant of the traditional endowment plan.They pay out the sum assured (or the investment portfolio if its higher) on death / maturity.
So, he buys a traditional endowment assurance plan of a Sum Assured of Rs. 10 lakhs for 15 years and pays premiums every year.
Whereas ULIP is an alternative to traditional endowment plan paying out sum assured or investment amount whichever is higher, on death or maturity whichever is earlier.
In case of traditional endowment, health, and term insurance products, service tax is charged on the total premium that you pay.
The premium amount which you pay for an endowment plan is generally higher than the traditional term plan.
Max Life Future Secure II is a traditional, participating & limited pay endowment plan that ensures financially secure future for your child.
So, as on date, this feature is generally available only for traditional non-linked endowment based policies wherein after you pay a premium for a certain number of years (usually three), the policy acquires a surrender value.