This is an Endowment Assurance plan that provides for benefits on or from the selected maturity date to meet the Marriage/Educational expenses of the named child. Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, as opted by the policy holder, throughout the term of the policy or earlier death.
News reports have indicated that the Insurance market is set to provide more choices with 7 new products coming from the stables of Future Generali India Life insurance Company.
IDBI Fortis Life Insurance on Friday launched a new insurance plan, the Termsurance TM Protection Plan. A simple term insurance plan, it comes with 3 different life insurance cover options to suit the protection needs of different customers, including an innovative `increasing risk cover` option designed to help beat inflation.
Life Insurance Corporation of India’s Jeevan Anurag is specifically designed to take care of the educational needs of children. The plan can be taken by a parent on his or her own life.
Kotak Single Invest is a hassle-free unit linked plan, with well-defined fund options and switching facility, where you invest once and reap the benefits throughout the policy term.
LIC Children’s Plan – Komal Jeevam is a money back plan for children aged 0-10 years and offers financial protection on the unfortunate event of the death of the parent or grandparent who is eligible to purchase the policy for the child
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