Sentences with phrase «similar endowment plan»
It is possible for the policyholder to opt for a larger life cover at a lower premium when compared to a similar endowment plan.
https://www.hdfclife.com/ Not exact matches
Child insurance plans are investment cum insurance plans offered by insurance companies and are similar as endowment and ULIP plans.
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.
This is almost similar to the old LIC of India endowment plan (plan no. 14) with few changes to match with new IRDA guidelines.
An endowment policy is similar to a traditional insurance plan.
An endowment plan is similar to an insurance plan which is basically paying out a lump sum after the death of the policyholder.
Further, the difference in premium between term and endowment insurance can also be invested in some other tax efficient schemes like PPF, ELSS which also offer front and rear end tax breaks similar to those offered by an endowment plan.
New endowment plan (814) and Jeevan Pragati (838) are basic endowment plans of LIC which are quite similar to each other except increasing life cover in case of Jeevan Pragati.