Why should Parents Invest in an Endowment Plan?
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Table of Contents
- The Best Investment Plan For Children Is An Endowment Plan
- What is a Child Endowment Plan?
- What are the Factors to consider before choosing an Endowment Plan?
- Essential Characteristics of an Endowment Plan
- Who should think about Purchasing an Endowment Policy?
- Under what circumstances should you buy an endowment plan?
- Why Purchase an Endowment Plan?
- What checklist must be kept in mind when purchasing Endowment Insurance?
- Conclusion
The Best Investment Plan For Children Is An Endowment Plan
What is a Child Endowment Plan?
What are the Factors to consider before choosing an Endowment Plan?
Essential Characteristics of an Endowment Plan
Who should think about Purchasing an Endowment Policy?
Under what circumstances should you buy an endowment plan?
Why Purchase an Endowment Plan?
What checklist must be kept in mind when purchasing Endowment Insurance?
Conclusion
About Author
for Salaried Individuals¹
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Disclaimer
ABSLI Salaried Term Plan (UIN:109N141V01) is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 2 (Life Cover with ROP) this product shall be a non-linked non-participating individual savings life insurance plan.
1LI Age 21, Male, Non Smoker, Option 1: Life Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Premium paying term: 10 years, Annual Premium: ₹ 5900/- ( which is ₹ 491.66/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.
3Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
4Provided all due premiums are paid.
5https://www.adityabirlacapital.com/abc-of-money/what-is-a-child-endowment-policy
ADV/1/22-23/2775
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