ENDOWMENT
INSURANCE
Pure
endowment policy are Saving Plans for Education, Business, Holidays
or Retirement. The sum insured is payable upon maturity or death.
All
premium paid will be returned at a nominal interest rate on maturity.
Upon death the sum insured with the interest will be paid.
The
rate of build up is much faster over a shorter period of time
compared to whole Life policies. A good way to save money on a
regular basic.
The
shorter the term period selected the higher the premiums. The longer
the term the lower the premium. The sum insured is guaranteed on
maturity the money can be used in whatever way we desire. Most people
will go for this plan without really understanding it.
This
plan should be bought only after you have bought a whole life plan
with Critical illness, Medical card and other Medical benefit
attached to it. Even if you are buying it as Education Policy for
your child.
As
medical is getting very expensive you may never have time to buy
latter. You may find other ways to send your child for education but
your child will not be able to find way to pay his medical bills.
Your
child may have health problem after few weeks he is born he may never be able to get a medical policy the rest of his life if you delay it.
Do you know the easiest way to become a millionaire is by having a million ringgit policy. And most people don't even know about it.
“THE
FAMILY THAT NEED A HOME WHILE YOU ARE HERE WILL NEED IT
TWICE
AS BADLY IF YOU ARE NOT HERE”
About
the author:Kertar Singh has joint
Great Eastern Life Assurance in August 1995 as a part time agent.
Became a full time agent
in 2000 after retiring from the army after 22 years.
I deal with all kind of
Insurance from Life Insurances to General Insurances and Will
Writing.
Kertar.en@gmail.com
H.P 013-322 8582
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