What Is An Endowment Policy
An endowment policy is life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on 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 unitised 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 into it.
Endowment Policies Offered by LIC Of India are as follows ::
1.LIC Jeewan Pragati (जीवन प्रगति ) Table No -838
2. LIC Jeewan Labh (जीवन लाभ ) Table No -836
3 LIC New Endowment Plan (न्यू एंडोमेंट प्लान) Table No-814
4.LIC New Jeewan Anand ( न्यू जीवन आनंद ) Table No -815
5.LIC Jeewan Lakshya ( जीवन लक्ष्य ) Table No -833
Call for Appointment with LIC's Sr.Agent Ashish Rohatgi @+91-9818-123-129 for Better Understanding of LIC's Plans for Individuals & Corporates at Delhi & NCR.
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