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Whole Life Policy
Features
This plan is mainly devised to create
an estate for the heirs of the policyholder as the plan basically
provides for payment of sum assured plus bonuses on the death of
the policyholder. However, considering the increased longevity of
the Indian population, the Corporation has amended the above provision,
thereby providing for payment of sum assured plus bonuses in the
form of maturity claim on completion of age 80 years or on expiry
of term of 40 years from date of commencement of the policy whichever
is later.
The premiums under the policy are payable up to age 80 years of
the policyholder or for a term of 35 years whichever is later. If
the payment of premium ceases after 3 years, a paid-up policy for
such reduced sum assured 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 is not entitled to participate
in the bonus declared thereafter but the bonuses already declared
on the policy will remain attach, provided the policy is converted
in to a paid-up policy after the premiums are paid for 5 years.
Suitable For:
This policy is suitable for people of all ages who wish to protect
their families from financial crises that may occur owing to the
policyholder’s premature death.
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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