If you are looking to accumulate capital or grow wealth without risking your capital, such plans are ideal for you.
They are not prone to Market risks, and the with is based on a bonus which is declared every year.
Once declared the bonus is also guaranteed.
The following are some of the Endowment Plans with Capital Guarantee
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We hope this FAQ can help provide some answers here to address the specific questions
In layman terms, the Bonus paid can be defined as the extra payment added to the policy each year; over and above the Sum Assured of the policy.
Like how companies pay a dividend to its shareholders when they make a profit, Life Insurance companies declare a bonus each year based on the profit or surplus generated during that year.
This surplus is the excess of revenue over the expenses and claims of the insurance company during the year.
This surplus is distributed amongst the policy owners each year as Bonus.
Click here to view the Bonus history since 1990
Yes, these plans are portable to India
Depending on the type of plan and the premiums payment term chosen, they will become paid up, which means the face value and the maturity value of the plan will be adjusted on a pro-rata basis.
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