| Insurance decoder: | | | | year provided you have paid the premiums for |
| Life insurance companies typically give loans | | | | three continuous years. The surrender value, |
| against endowment policies if you have been a | | | | however will be payable only after the completion |
| policyholder for a stipulated minimum number of | | | | of the third policy. |
| years- usually between three and five years. Life | | | | Features: |
| insurance policy will also pay the claim in case of | | | | Affordable insurance is not a contract of |
| death. The knowledge that you have insurance | | | | indemnity, one can have more than one insurance |
| should be a relieving factor, but that is not to say | | | | policy, and in the event of death of the policy |
| that you do no take the necessary precautions. | | | | holder, all policies pay the sum insured. In practice |
| They offer the higher of the sum assured and | | | | most of the life insurance agents do collect and |
| the fund value to the nominee upon the death of | | | | deposit the premium on the policies sold by them, |
| the policyholder. | | | | it is not obligatory on their apart to do so. In fact, |
| Investment strategy: | | | | after issuance of the affordable life insurance [ |
| Life insurance policy offers investment strategies. | | | | the responsibility of keeping the policy on force |
| Some fund options are for those who do not | | | | lies on the policyholder. Therefore there is no |
| wish to take calls on which funds to invest in. It | | | | provision to penalize agents for not collecting the |
| adopts a strategy of maximizing the earnings | | | | premium before the due date. Most of the |
| when the capital market is soaring by locking | | | | insurers these days have the facility of payment |
| returns and protecting the investment during | | | | of premium online. |
| volatile markets by limiting equity exposure. | | | | Helping hand: |
| For those who would like to manage their own | | | | Poor people can either go for individual policies or |
| portfolio, there are also many funds. If you stay | | | | joint policy. If you discontinue a term affordable |
| in the plans for more than 10 years, the policy | | | | life insurance policy, you do not lose financially. |
| rewards you with the guaranteed loyalty units | | | | However obtain a fresh policy before discontinuing |
| that added to your fund values at the end of | | | | the existing policy, so that there is no break in the |
| 10,15 and 20 years at the rate of some percent. | | | | risk cover. Looking at the overall you can find it |
| You can surrender your policy at any time of the | | | | moderate in terms of costs and flexibility. |