endowment plans

it is one of the life insurance plans most popular among other types of policies. This policy must cover risks to the savings and investment. If the policy-holder dies during the term of the policy, will get the insured amount. Even if it survives, will receive the sum insured. The advantage of this policy is if the policy-holder survives after completiontrnure policy, you receive the guaranteed amount, plus additional benefits such asbonuses, etc. of the insurance company. In this policy, the policyholder receices huge amount to complete the command.
In addition to the basic policy, insurers offer various benefits such as double endowmentand marriage / education endowment plans. The cost of this policy is slightly higher, but worth its value.

money back policy

Refund Policy is to provide money in times when the policyholder need for your personal life. The chances may be marriage, education, etc. The money will be returned to thepolicyholder with the specified duration. If the owner dies before the term of the policypolciy, the sum insured be given to his family. A portion of the sum insured is payable at regular intervals. In the survival of the rest of the sum insured is payable.

with profit and without profit

WITH PROFIT AND NON-PROFIT POLICY-

"NO RESULT" or not - PARTICIPATING policies are not entitled to bonuses, which are declared after the actuarial valuations. "Earnings" or "participating" policies pay aslightly higher premium for the right to participate in the progress of the insurer.'Earnings, policies are popular because the bonds are expected to be more than theextra premium paid for. 'earnings, policies where the premium is paid for a limited period, continue to participate, even after cessation of the premium

JOINT LIFE POLICY

Joint life policy
Two or more lives can be covered by a policy. These policies usually cover marriages or couples. The SA is paid on the death of any insured person during or at the end of the term. Some payment plans also provided for the SA. on life and death of a policy which continued to cover the maturity of Second Life. Without payment of additional premium.
In the case of certain joint li8fe
· A joint statement of life is necessary to create a common interest in politics.
· In the case of insurance of the association, writing exam8ined society to determine the nature of the economic interests of each partner.
· Each life will be evaluated separately.
· The Bonds shall bear on the single basic SA.

CHILDREN PLANS

Insurance can be taken in the lives of children who are minor. the proposal must be made by parents or giardian.
· In these plans, the risk in the child's li8fe assured only when the child reaches a certain     age. practice vary widely. the gap of time between the start date of the policy and thepolitics of politics and the beginning of the risks is called "DEFRENMENT PERIOD '. If the child is 6 years old when the policy is taken and the insurance coverage is to beginwhen the child is 15, the deferral period is 9 years. the date on which the risk starts atthe end of the deferment period is called "postpone the date" the date will be delayedan anniversary of the policy. ages are reckoned as follows, birthday nearest as last birthday, in practice on a par with the insurer.
· There is no insurance coverage during the deferment period. if the child dies during the deferral period, the premium is retured, the risk will automatically start on the datedeferred without any medical examination.
· The age of acquisition of rights can not be earlier than 18. this is because there can be no valid contract with a minor. deferred date however, can be fixed without anylimitation. deferred date and the date of transfer need not be the same.

SOME POPULAR PLANS

Insurance plans that provide coverage of the death ony called "TERM ASSURANCE" those who only provides survival benefit plans are called "PURE Endowment IS. If the insured dies within the prescribed period, without the payment is made under a termassurance plan. dies similarly insured , with a specified term, without the payment is made under a pure endowment plan. the premium paid can be retured in whole or in part. both are as FIREINSURANCE policies. If the contingency referred doesnathappens, the policyholder odes not get some of the insurer are some popular palns that we study.