FEATURE OF TRADITIONAL PLANS

A traditional plan will guarantee the following function. When you change the characteristics or comb addition and some of them, any number of plans can be developed.
· Who can be insured? The various possibilities are
1) * individual adults
2) * Children
3) * Two or more people together under one policy.
* What contingency SA paid? It could be about death or survival.
· * What can be a SA? Some plans stipulate minimum SA. There can be also maximumfor SA, as well as some benefit, as a subsidy by accident.
· * When the corporation will pay? It could be in a lump sum or in installments
· * Reduced SA? This can happen because of the involvement of surplus and addingbonus or guaranteed due to the increase in SA.
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· * Are there additional benefits? These, also called fringe benefits and can be providedby brokers, in addition to the basics covers
· * Increases the SA? This can happen because if participation in surplus and in addition to bonds or guaranteed due to the increase in SA.
* Piece of mutual funds are in debt instruments.
* Constant returns and almost certain in the long term.