Sentences with phrase «payment endowment insurance plan»
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This tax - free exclusion also covers death benefits payment made under endowment contracts, worker's compensation insurance contracts, employer's group plans or accident and health insurance contracts.
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Money back policies are quite similar to endowment insurance plans where the survival benefits are payable only at the end of the term period, plus the added benefit of money back policies is that they provide for periodic payments of partial survival benefits during the term of the policy so long as the policy holder is alive.
Unlike term insurance or endowment plans, health insurance does not come with a fixed payment period; therefore, the burden of paying health insurance premium must be looked at as a lifetime commitment.
However, in an endowment plan at the end of the maturity period a lump sum amount of payment is given to the insurance holder, provided that the person survives the period of the insurance.
The Canara HSBC OBC Life Smart One Pay Plan is a non-participating endowment Unit Linked Insurance Plan with a single premium payment.
Life Insurance Corporation of India offers Jeevan Saral plan, an endowment plan that has a lot of flexibility and comes with a choice of the premium amount as well as the payment mode.
The Canara HSBC OBC Life Shubh Labh Plan is a non-participating endowment Unit Linked Insurance Plan with a single premium payment.
The tax - free exclusion is for a death benefit payment that is under endowment contracts, employer's group plans, worker's compensation insurance contracts, accident or health insurance contracts.