If taking risks through equity exposure does not suit your risk appetite while you are planning for your child,
then endowment plans with bonus options would be suitable for you.
If you've answered yes to all the questions above,
then an endowment plan will be the best bet for you.
Not exact matches
If you are attracted to the convenience of a combined life insurance policy and savings
plan,
then an
endowment policy might be the right fit for you.
If you have enough assets that you have complex financial needs, or you're going to need the cash value of a whole life insurance policy to cover, say, your
endowment plan or estate
plan,
then congratulations!
If you are attracted to the convenience of a combined life insurance policy and savings
plan,
then an
endowment policy might be the right fit for you.
If you are not in the condition to bear the high premium of
endowment plans then you should buy a term policy.
If you are looking to download lic new
endowment plan 814 pdf version,
then you have to be little disappointed.
Existing Section 80C Commitments: If you are
planning to invest in
endowment life insurance and Employees» Provident Fund (EPF),
then you need to check the commitment made by existing laws of Sections 80 C.
Being an
endowment plan that provides whole life cover, let's understand first these terms and
then focus on the features and benefits of SBI Shubh Nivesh.
LIC Jeevan Labh (Table No 836) is a non-linked (Not dependent on share market) limited premium paying
endowment assurance
plan which means premium paying term is less than policy term for example, if policy term 16 has been selected
then premium will be paid for 10 years only and maturity will be paid after completion of 16 years.
When you are up to choose an
endowment or money back
plan, it is advisable to firstly assess your investment objective and
then choose a
plan accordingly.
In an
endowment plan, if a policyholder dies during policy term
then beneficiaries will get the benefits in the form of sum assured or bonuses.
If someone is content with 6 % kind of returns over a period of more than 10 years, can go ahead and buy this
plan If I am looking for a life insurance
plan for risk coverage
then I will definitely ignore these kind of
endowment plans.
Even
then, in the rush to meet 80C tax deduction limit targets, most of us end up buying insurance products such as unit - linked insurance
plans (ULIP) and
endowment plans that offer the dual benefit of insurance and investment.
It would be a wise decision to buy a term
plan that would help you get the pure life cover and
then convert it into a savings policy say, an
endowment policy that would help you to achieve the savings goals as well.
You only need to compare the features, benefits & cost of
endowment plans online and
then choose the one that fulfills your financial objectives.