Whole life insurance plans
- A term insurance plan with an unspecified period is called a whole life plan. Some plans also have a savings element to them. The insurance company declares bonuses for these plans based on the returns earned on investments.
- As the name of the plan specifies, this plan covers the individual throughout their entire life.
- On the death of the life insured, the nominee/beneficiary is paid the sum insured along with the bonuses accumulated up until that point in time.
- During the individual’s lifetime they can make partial withdrawals to meet emergency requirements. An individual can also take out loans against the policy.
Anand Khemka
+91-9910936925
+91-8287041341
No comments:
Post a Comment
Note: only a member of this blog may post a comment.