Sentences with phrase «regularly over a specific period»

Saving for the future: An endowment policy, in particular, ensures that the policy - holder saves regularly over a specific period of time so that they will receive a lump sum amount on the policy maturity in case they survive the policy term.

These policies, like insurance policies, not simply provide cover to the life insured, but also help them save regularly over a specific period of time.

An endowment plan is a life insurance policy that provides life coverage along with an opportunity to save regularly over a specific period of time so that they can receive a lump - sum amount on the maturity of the policy.

To sum up, an endowment policy is essentially a life insurance policy, which in addition to covering the life of the insured, also helps him or her save regularly over a specific period of time so that he or she receives a lump sum amount at maturity in the event of him / her surviving the policy term.

Features of an endowment plan An endowment plan is essentially a life insurance plan which provides the policyholder with a life cover and also helps the policyholder save regularly over a specific period of time so that he / she receives a lump sum amount once the policy matures.

A part from an insurance cover, it offers the policyholder to save regularly over a specific period of time, so that he can get a lump sum at the policy maturity in case the policyholder survives the policy term.

Not exact matches

These Policies not only serve the Life Insurance but also help them save regularly for over a specific period of time.

Insurance: protection against a specific loss over a period of time that is secured by the payment of a regularly scheduled premium.