Endowment life insurance

Should You Compare Endowment Policies With Fixed Deposits?,

Are you saving for a dream house, your child's education or perhaps your own retirement? Rather than rely on your savings account, you may instead want to consider alternatives such as a fixed deposit or an endowment policy. Used for saving purposes, both fixed deposits and endowment policies offers higher rate of returns than the typical savings account. However, do you know the differences between the two? While they can both be used for the intention of accumulating savings, they differ in features such as protection and term duration. These differences thus make fixed deposits and endowment policies suitable for different purposes and therefore cannot be compared with one another. #1...

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Endowment And Investment Plan, Bajaj Allianz Life Save Assure

On the maturity date 115% of the sum assured chosen will be paid as maturity benefit, provided all due premiums have been paid. You will have the option to surrender your policy provided at least 3 full years' premiums have been paid. The surrender value shall be higher of the Guaranteed Surrender Value(GSV) and the Special Surrender Value(SSV) will be payable at any time of surrenderthroughout the term of the policy. If all due premiums are paid, then, in case of unfortunate death of the life assured during the policy term, the Sum Assured on Death as mentioned below will be payable as death benefit to the nominee: Additional Rider Benefit You can enjoy extra coverage by choosing the...

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Sun Life Endowment Plans: Get Anticipated Regular Stream of Income

Sun Life endowment plan is one of the answers by Sun Life to the different needs of its clients. Insurance plan is not a one size fits all product. If you don’t like VUL plan because if its inherent volatility then you may consider getting an endowment plan with guaranteed benefits. Sun Life Endowment Plans (Quick Links) What is an Endowment Plan? An endowment plan is a life insurance contract that pays a lump sum after a specified time (maturity or death). This kind of traditional insurance plan has the highest form of saving thus the premium is also higher than a whole life/limited pay/term insurance. If you want to get a guaranteed regular stream of income then an endowment plan is...

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LIC Endowment Plans - Key Features & Benefits

An endowment life insurance policy is a policy that couples the benefits of the concept of life insurance with the concept of savings. These policies, unlike pure term insurance, provide death and maturity benefits. Many of these LIC policies also come with surrender values, which is a certain percentage of the premiums paid, and paid up values. The death benefits with these policies is the sum assured under the policy which can start from Rs. 50,000 and go on to any amount, depending on approval from the insurance underwriters. These policy can be enhanced using various riders that provide additional benefits if the policyholder passes away or is left disabled as a result of an unfortunate...

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5 Things You Should Know Before Buying an Endowment Plan

5 Things You Should Know Before Buying an Endowment Plan If you are an impulsive buyer and spend a lot of money without any prior planning, an endowment plan is the right plan for you. That is because an endowment plan provides a disciplined route for long-term savings. Buying an endowment plan is beneficial for those individuals who have a regular flow of income and might need a significant amount of money after a certain period of time. However, there are certain things that should be considered before buying an endowment plan. 1. Salient Features of an Endowment Plan An endowment plan is a life insurance policy that provides life coverage along with an opportunity to save regularly...

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Endowment Plans Vs Term Plans - Which insurance plan is better?

Endowment Plans Vs Term Plans - Which insurance plan is better? "If you buy a term plan, the beneficiaries will receive the guaranteed death benefit only in case of your untimely demise; but in case of an endowment plan, you will receive the entire corpus that you have built over time, once the policy tenure is over" One of the major dilemmas that almost all insurance seekers face while choosing a life insurance plan is whether to buy a term or an endowment policy. Such a dilemma is natural as not many people have detailed knowledge about different types of life insurance plans. For starters, both term plans and endowment plans are traditional life insurance plans. Both offer comprehensive...

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What is Endowment Life Insurance Policy?, Mint2Save

An endowment policy is basically a life insurance policy which, apart from covering the life of the insured, helps the policyholder to save regularly over a certain time, so that he/she gets a lump sum amount on the policy maturity in case he/she lasts the policy term. A life insurance endowment policy pays the complete sum assured to the beneficiaries if the insured expires during the policy term or to the policyholder on the maturity of the policy if he/she survives the term. Hence, it fulfills the dual necessity for savings and life cover under a common plan. How does it differ from Whole Life Policy? The difference is that endowments take a shorter coverage period and mature sooner,...

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LIC Jeevan Labh, an endowment life insurance policy: Should you buy?

LIC Jeevan Labh Plan (836) LIC Jeevan Labh is a participating endowment life insurance policy. Participating means that you participate or get a share of the profits of the insurer (in this case, LIC or Life Insurance Corporation of India). Endowment means that even if you survive the term of the policy, you get a maturity value. How much will you get? Unfortunately, there is no way to know this and is entirely dependent on the profits LIC makes. Simple Reversionary Bonus This is a technical term to describe the share of profits of LIC that you get under this policy. It is called a bonus but isn’t really one – you are only getting what the policy is designed to give you. The insurer...

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Endowment Life Insurance Policy & Savings Plan in Singapore - Citibank IPB

Quick links This insurance plan is underwritten by the Insurance Company. This insurance product distributed is an obligation only of the insurance company. It is not a bank deposit or an obligation of or guaranteed by Citibank Singapore Ltd, Citibank N.A., Citigroup Inc. or any of its affiliates or subsidiaries. This is not a contract of insurance. Accordingly, the information should be read and construed in the light of, and subject to, all the terms and conditions contained in the Policy. Full details are stated in the Policy, including whether such Policy is eligible for coverage under the Policy Owners' Protection Schemes Act 2011 of Singapore. This is only general product information...

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GREATLife Endowment Insurance - OCBC Singapore

Why choose GREATLife Endowment Insurance? Flexibility to withdraw cash value Enjoy flexibility to make partial or full withdrawal of your cash value to meet your life goals, or to suit your lifestyle needs. Capital guaranteed from the end of the 15 Your capital is guaranteed from the end of the 15 policy year. Thereafter, your returns may multiply as your plan's non-guaranteed bonuses grow. Hassle-free application No medical underwriting is required when you apply for GREATLife Endowment Insurance. Choice of premium payment terms You can choose to pay your premiums over 5 years, 10 years or 15 years. Insurance coverage GREATLife Endowment Insurance provides insurance coverage against Death...

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