Term plan is a pure protection while Endowment plans provide dual benefit i.e saving and protection. Find out the difference and which one to buy in this article.
Surrender value is calculated after completion of premium payment of 3 years. Higher of GSV or SSV is given to policyholder.
ULIP is a combo product which helps to create wealth as well as getting insured.
Term plans is cheaper with Death Benefit.
Ulip plans are comparatively higher with both Death and Maturity benefit.
Basis terms Everyone should know before buying insurance like Sum Assured, Revival, Lase, paid up.
Capital during key stages, Short term goals, Saving and protection combination are some of major benefits of money back plans.
Less premium, saving tax along with stress free life are some of the key advantages of buying term at early age.
Providing secure future, child education, key stages of life along with opting loan against policy are vital reason for buying a life insurance policy.
Once an insured pays premium regularly for 3 years, he is eligible for getting a loan against his policy.
Various benefit a person gets when he takes life insurance. Apart from death benefit, he also gets tax benefit, loan on policy , maturity benefit, etc.