Endowment Life Insurance at Life

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Endowment Life Insurance. Ordinarily, when the “term” of a term life insurance policy ends, the policyholder doesn’t get money back. This plan is not a bank deposit and ocbc bank does not guarantee or have any obligations in connection with it.

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Endowment policy also pay out in the case of critical illness. Endowment insurance is a form of life insurance which pays out once it matures, regardless as to whether or not the insured is alive. Kotak ace investment plan is designed with the clear objective of helping you accumulate wealth and provide you adequate life cover.

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You can use an endowment life insurance policy to save up for major expenses, while still maintaining the security of a payment to your loved ones in the event of your death. This benefit holds the amount of sum assured that. The policy incorporates life insurance, so in the event. The premium varies with the age, job , preferred sum insured and duration.