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mlall2054

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Buy Endowment Policy

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A traditional endowment policy is a life insurance contract designed to pay a lump sum after a specified term (on its 'maturity') or on earlier death. Typical maturities are ten, fifteen or twenty years up to a certain age limit. Some policies also pay out in the case of critical illness. Policies are typically traditional with-profits or unit-linked (including those with unitized with-profits funds). Endowments can be cashed in early (or 'surrendered') and the holder then receives the surrender value which is determined by the insurance company depending on how long the policy has been running and how much has been paid in to it.   Buying endowments Policy: Traditional With Profits Endowments There is an amount guar...

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Buying a Term Insurance at an early age…

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Term Insurance is an important part of your investment kitty and the best time to purchase one would at an early age.  It’s a protection plan for your family’s survival needs in your absence. Imagine the extent of hardships they would have to face if anything unfortunate happens to you. They will be under emotional and financial stress at once. Therefore, it's important that your family should stabilize their financial status. This would be possible by buying a suitable term insurance cover. Experts advise the moment you start earning, you should secure every penny of your earnings and that’s where a term plan can work wonders for you. Even if you manage to save Rs 25 to 30 bucks a day, you can actually cover your fam...

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Importance of Term Insurance Plans

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Term Insurance Plans is an insurance product that gives high amount of life cover on lower premiums. Here the entire premium is used for risk coverage except for a small amount which meets the administrative charges. If the person survives through the tenure of the policy he does not get anything as maturity benefit. If in case of unseen circumstances the assured sum is paid to the family of the policy holder. The premium paid by the policy holder depends on certain factors like the age of the policyholder, the sum assured and the tenure of the term plan.  The premium of the term plan remains fixed through the entire term. In the recent past insurance companies have come up with Term Insurance Plans which provide a longer tenure of 35-40 years. Different Term Insurance Plans...

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Why buy a Term Plans cover?

All insurance firms across India sell Term Plans to the customers. The rates are competitively low and often prove beneficial to the end users. So, it really doesn’t matter which company you take the cover from. Based on your relation with the sales agents and prior experience with the insurance firm, you can choose to buy your term plans.  Nowadays, you can buy policies online and save up to 30 to 40% on the costs of premiums. Term Plans are best insurance policies in the market that give higher life cover with low premiums. But they don’t give any returns after the end of the tenure if you outlive it. These are plain protection plan that offers a financial blanket across the family of the insured person in case anything unfortunate happens to them. Agents/sales pers...

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How Child Insurance Plans Helps in Future?

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What’s the major financial responsibility of a parent nowadays? At least 2 out of 3 say, “It’s to meet the ever- increasing expenses of their child’s education.” The fact is that maximum financial planners say that as price increases, the main thing to get impacted is the education sector. Planning for the future of your child is an important step for their better and peaceful future. Child Insurance Plans are one of the tools that help parents secure the financial future of their kid. Children plans have always been common in India; nevertheless their importance has gone up lately because of increasing expenditures, mainly in education sector. Previously, the trend was that a policy was taken in a child’s name, which was a simple money-back policy. Nowadays, parents ...

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Child plans – How Does It Help Future?

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What’s the major financial responsibility of a parent nowadays? At least 2 out of 3 say, “It’s to meet the ever- increasing expenses of their child’s education.” The fact is that maximum financial planners say that as price increases, the main thing to get impacted is the education sector. Planning for the future of your child is an important step for their better and peaceful future. Child plans are one of the tools that help parents secure the financial future of their kid. Children plans have always been common in India; nevertheless their importance has gone up lately because of increasing expenditures, mainly in education sector. Previously, the trend was that a policy was taken in a child’s name, which w...

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