The reason why money back policy is important is that it provides funds on regular intervals after a certain period of
time till the end of the policy term.
Not exact matches
Guaranteed Renewal
till the
end of Premium payment
Term of the base
policy - No medicals at the
time of renewal.
GA equal to 7 % per annum
of BSA will accrue at the
end of each
policy year
till the premium payment
term, subject to all due premiums are paid and the
policy is in - force
till that point in
time.
The main feature
of LIC's New plan — Jeevan Umang is it provides annual Survival Benefits from the
end of the PPT (Premium Paying
Term)
till policy maturity and also pays lump sum amount at the
time of maturity (or) on death
of the policyholder (during the
policy tenure).
It is a one
time bonus that the insurer declares for the policyholders who have carried their
policy till the
end of the
term.
The plan provides for annual survival benefits from the
end of the premium paying
term till age 99 and a lump - sum payment at the
time of maturity or on death
of the policyholder during the
policy term.
Guaranteed Renewal
till the
end of Premium payment
Term of the base
policy - No medicals at the
time of renewal.
In case
of survival
of the life insured
till end of the
policy term, return
of single premium plus guaranteed one
time addition (as applicable), is payable.