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.
This article tells about lapse and paid up in insurance. How policy turns to lapse and paid up along with reduced benefits. In lapse policy, benefit gets cease whereas in paid up, it gets reduced.
Unit Linked Polices consist of various charges such as Policy Administration charge , mortality , allocation, Fund management, Fund switch , Discontinuous charge. This article describes various fee taken by an insurance company against ulip polices.
Bonus is additional amount given to insured during death or maturity.
Various types of bonus are Reversionary, Interim, Terminal bonus.
Riders are add on benefits on insurance policy where an insured has to pay additional premium for including riders, provided the rider is not an inbuilt rider.
This article tells about benefits of rider and it’s characteristics.