This policy has a moderate cash - value component and provides a lower
premium during the early life of the policy.
Not exact matches
With level term
life insurance, in which your
premiums remain fixed
during the initial policy term, «you overpay in
early years, and you're effectively underpaying in later years,» Witt says.
During the
earlier stages of your
life, a large portion of the
premium paid to this policy is routed to the savings component.
However,
during the
early years of a whole
life insurance policy, the savings portion brings very little return compared to the
premiums paid.
If purchased
early enough in
life, they'll help you avoid paying
premiums during your retirement.
Cancer Care Plan is a non linked regular
premium health insurance plan which provides fixed benefits in case of
Life Assured is diagnosed with any of the specified
early cancer or major stage cancer
during the term of the policy.
If
Life Insured is diagnosed with CiS or
Early Stage Cancer or Major Stage Cancer or dies
during the Waiting Period, then no benefit is payable apart from refund of 100 % of the
premium paid since the date of commencement or reinstatement of policy (as the case may be) excluding all applicable taxes, cesses and levies asimposed by the Government along with any other cess and late fee and / or interest payment paid on reinstatement.