LIC's Endowment Life Insurance policy not only makes provisions for the family of the Life Assured in event of his early death but also assures a lump sum at a desired age. The lump sum can be reinvested to provide an annuity during the remainder of his life or in any other way considered suitable at that time.
Premiums are usually payable for the selected term of years or until death if it occurs during the term period.
Suitable For:
Being an endowment assurance policy, this plan is apt for people of of all ages and social groups who wish to protect their families from a financial setback that may occur owing to their demise.
The amount assured if not paid by reason of his death earlier will payable at the end of the endowment term where it can be invested in an annuity provision for the rest of the policyholder's life or in any other way he may think most suitable at that time.
For more Detail on LIC's Endowment Life Insurance Plan Features Visit Endowment Insurance
Showing posts with label Endowment Insurance. Show all posts
Showing posts with label Endowment Insurance. Show all posts
Sep 3, 2008
LIC Jeevan Anand Life Insurance Policy Plan Features
Jeevan Anand is LIC's Endowment+ Whole Life Combination Life Insurance Plan for Age above 18 entry. For Getting free quotes on LIC's Jeevan Anand Mail us on sameer.lic@gmail.com or visit Avdhoot Investment click here for charts, premium calculation, various combination or free advice or reviews on lic's jeevan anand life insurance plan.
Sep 2, 2008
Endowment Insurance Policy
Endowment Insurance Policy: Endowment Life Insurance policy not only makes provisions for the family of the Life Assured in event of his early death but also assures a lump sum at a desired age. The lump sum can be reinvested to provide an annuity during the remainder of his life or in any other way considered suitable at that time.
Premiums are usually payable for the selected term of years or until death if it occurs during the term period. Read full story here
Avdhoot Investment
Premiums are usually payable for the selected term of years or until death if it occurs during the term period. Read full story here
Avdhoot Investment
Mar 5, 2008
The Endowment Insurance Policy-Limited Payment LIC
The Endowment Life Insurance Policy-Limited Payment LIC
Just as in the case of limited payment whole life polices, here, too, the payment of premium can be limited either to a single payment or to a term shorter than the policy. The endowment is, however, payable only at the end of the policy term, or on death of the policy holder if it takes place earlier.If payment of the premiums ceases after at least three years' premiums have been paid, a free paid-up Policy for an amount bearing the same proportion to the sum assured as the number of premiums actually paid bears to the number stipulated for in the policy, will be automatically secured provided the reduced sum assured, exclusive of any attached bonus, is not less than Rs.250.Such reduced paid-up Policy will not be entitled to participate in the profits declared thereafter, but such Bonus as has already been declared on the Policy will remain attached hereto.LIC of India's Endowment Insurance
http://www.avdhootinvestment.com
Just as in the case of limited payment whole life polices, here, too, the payment of premium can be limited either to a single payment or to a term shorter than the policy. The endowment is, however, payable only at the end of the policy term, or on death of the policy holder if it takes place earlier.If payment of the premiums ceases after at least three years' premiums have been paid, a free paid-up Policy for an amount bearing the same proportion to the sum assured as the number of premiums actually paid bears to the number stipulated for in the policy, will be automatically secured provided the reduced sum assured, exclusive of any attached bonus, is not less than Rs.250.Such reduced paid-up Policy will not be entitled to participate in the profits declared thereafter, but such Bonus as has already been declared on the Policy will remain attached hereto.LIC of India's Endowment Insurance
http://www.avdhootinvestment.com
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