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Endowment Life Insurance Plan 03
It's a safest and surest method of guaranteed cash provision either at a specified
time or at death (Allah forbid). Under these policies, the sum insured plus bonus
es are payable at the end of the specified number of years or at death of the life
insured if earlier. Premiums are payable for the specified number of years or till
death, if earlier. The benefits under the plan can be further increased by attaching
supplementary covers.
The plan serves the requirements
of a family in various shapes by way of financial help at retirement, education
of children or provision of capital for business. Due to this privilege this plan
is mostly use in Provident Fund Life Insurance and Salary Saving Plan s for the
employees of any organization. |
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