Need A Financial Product Forums Insurance What is endowment insurance plan of LIC?

This topic contains 1 reply, has 2 voices, and was last updated by  Ramsingh Pandey 2 years, 2 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #47568

    What is endowment insurance plan of LIC?

    #47569

    Endowment insurance policy of LIC promises to pay a lumpsum amount after the death of a person or at the time of the maturity of policy. It lasts for ten to twenty years depending on the person who has taken the policy for him. Sometimes, endowment policy also promises to pay at the time of major illness of a person to use the amount in his treatment. There are many endowment policies namely Unit linked endowment, low cost endowment, complete or full endowment and other profit endowments.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.