Life insurance products are generally referred to as 'plans' insurance. These plans have two basic elements. A cover is death "on the benefits provided to the insured person dies within a specified period. The other is one of the" survival of death "test for thebenefit of being in the survival of a period of time.
Insurance plan that provides coverage for death only know the term assurance plans. "Which is provided only survival benefit plans are called pure endowment." If the insureddies within that period, no payment under a term plan long-term control. Similarly, if the insured dies within the specified period, no payment is made under a pure endowmentplan. Premiums paid can be returned in whole or in part. both are like fire insurance policies. if the contingency referred to does not occur, the insured receives nothing from the insurer.
Insurance plan that provides coverage for death only know the term assurance plans. "Which is provided only survival benefit plans are called pure endowment." If the insureddies within that period, no payment under a term plan long-term control. Similarly, if the insured dies within the specified period, no payment is made under a pure endowmentplan. Premiums paid can be returned in whole or in part. both are like fire insurance policies. if the contingency referred to does not occur, the insured receives nothing from the insurer.
No comments:
Post a Comment