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The Endowment Assurance Policy-Limited
Payment
Features
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.
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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