Anticipated Endowment Assurance | Explained with New Features
People who expect periodical returns on their investment should opt for Anticipated Endowment insurance Lahore. This policy is quite similar to an endowment assurance. The only difference is that here a part of the sum assured is paid at certain intervals during the term of the policy. It is also known as the 'Three Payment Plan'. A person gets to fulfill both his long time and short term financial needs.
Features of Anticipated Endowment Assurance Lahore
Anticipated Endowment Insurance Policy Lahore offers three payments throughout the term of the policy. According to this plan, you stand a chance to receive survival benefits equal to 25% of sum assured on completion of 1/3rd and 2/3rd term of the policy. Those individuals who wish to meet their long-term financial needs but also anticipate the requirement of money earlier would benefit from buying such a policy. A detailed look at some of its features:- Under the Anticipated Endowment, Insurance Lahore policies are issued for the fixed terms of 12,15,18,21,24,27 and 30 years.
- 25% of the sum assured through Anticipated Endowment Insurance Policy Lahore shall be paid at the end of 4,5,6,7,8,9 or 10 years from the date of the start of a policy of 12,15,18,21,24,27 and 30 years term respectively provided the assured is then surviving.
- Another 25% of the sum assured will be given at the end of 8,10,12,14,16,18 or 20 years for policies of 12,15,18,21,24,27 and 30 years term respectively given the assured is then surviving.
- The remaining 50% of the sum assured plus accrued bonus shall be paid at the end of the term of the policy provided the assured is still alive.
- Full sum assured plus accrued bonus would be payable on death at any time within the term of the policy.
Why Buy Anticipated Endowment Assurance Lahore
At a certain point in life, we all have to shoulder certain responsibilities that life throws at us. Every breadwinner has to look after his family with regular savings. This can vary from monthly, daily, quarterly half-yearly and so on depending upon their profession.Due to the uncertainties, it is recommended to choose anticipated Endowment insurance Lahore which is a long term policy. We as humans want the best for our families. We work hard to give our children the best possible future. Knowing that we have dependents on us one should plan an adequate futuristic savings or insurance coverage plan. This decision to save will always be in the best interest of your family.
Moreover, it will help the family bounce back financially in the wake of a sudden demise. Otherwise, it will be returned to you at old age. both ways it will be a win-win situation. It is recommended that you save at least 15 to 20% of your regular income as a precautionary responsibility for a better future. The anticipated endowment is truly a gift for yourself or your family's future needs such as education expenses, marriage plans or health-related expenses.
Benefits at a glance:
- Investment growth
- Partial maturity payout
- Accidental and disability cover
- Premium waiver in case of death or disability
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