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Money Back with Profit
Features
Unlike ordinary endowment insurance plans where the survival benefits
are payable only at the end of the endowment period, this scheme provides
for periodic payments of partial survival benefits as follows during
the term of the policy, of course so long as the policy holder is
alive. In the case of a 20-year Money-Back Policy (Table 75), 20%
of the sum assured becomes payable each after 5, 10, 15 years, and
the balance of 40% plus the accrued bonus become payable at the 20th
year.
For a Money-Back Policy of 25 years (Table 93), 15% of the sum assured
becomes payable each after 5, 10, 15 and 20 years, and the balance
40% plus the accrued bonus become payable at the 25th year. An important
feature of this type of policies is that in the event of death at
any time within the policy term, the death claim comprises full sum
assured without deducting any of the survival benefit amounts, which
have already been paid. Similarly, the bonus is also calculated on
the full sum assured.
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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