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The Endowment Assurance Policy
Features
Moderate Premiums High bonus High liquidity Savings oriented. This
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.
Special Features:
Disability Benefit: In case policy holder becomes totally and permanently
disabled due to an accident before reaching the age of 70 and the
policy is in full force, he will not be required to pay further
premiums, (the Disability Benefit is available in respect of the
first Rs.20,000 sum assured on any one life) and the policy will
continue to be in force.
Accident Benefit: By paying a small extra premium of Rs.1 per Rs.1000/-
sum assured per year he or his family are entitled to the following
benefits on death or permanent disability caused by accident. Even
students above the age of 18 years can avail of this benefit.
Source - Life Insurance India, Licindia.
If life insurance buying is
approached in the proper manner it can be very beneficial to yourself
and your family. You need to take the time to give some thought
to a subject that can be very unpleasant. I guess that is why most
people don't think about it, or at best think about it only after
they have had a brush with death, or when a life insurance professional
brings up the subject. Sometimes these people wait until it is too
late to do something about such a critical matter.
They find themselves uninsurable when they discover they have some
critical illness. People should give life insurance buying serious
thought at least once per year as ones situation may change and
you find that your need for life insurance may change as a result.
Contact Us
1) If you want to Buy New Insurance Policies than call 9820934872 (Mumbai)
2) If you need a detailed quotation from us as to how much insurance
you should really go for. Click
here
3) If you have a previous life insurance policy and want servicing
for the same. Click here
4) Contact us on email: uniglobalindia@gmail.com
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