Friday, May 1, 2015

Endowment Assurance Plan -And State Life

Endowment Assurance Plan:The most favourite and the most popular plan of many hapy and satisfied policy holders around the world.let this popular plan be yours too.Part one.

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Many visitors ask us one very simple question."Which policy is the best one?The answer to this question is very difficult.State life has created many innovative plans to satisfy the needs and requirements of people belonging to different walks of life.Different people have different needs and wants.So state life have diffenent modes of payments and different types of policies to satisfy these wants.In today's post your life Insurance Analyst have tried to explain one very favourite and popular policy.THE ENDOWMENT ASSURANCE PLAN..
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Endowment assurance Plan is a very favourite and popular plan.This plan is not only popular in Pakistan but it is the favourite plan of many happy policy holders around the world.What is the beauty of this plan?What features make this plan popular?In todays post I will  discuss the same.


Eligible ages:-

Minimum Age: 10 years
Maximum Age: 65 years
Age (Maximum) on Maturity: Age 75 years.

Allowable Riders: Click here for supplementary covers which can be attached with this plan.
It's a safest and surest method of guaranteed cash provision either at a specified time or at death (Allah forbid). Under these policies, the sum insured plus bonuses are payable at the end of the specified number of years or at death of the life insured if earlier. Premiums are payable for the specified number of years or till death, if earlier. The benefits under the plan can be further increased by attaching supplementary covers.

This policy will acquire a surrender value after it has been inforce for at least two consecutive years provided no premiums are in default. The surrender value will be quoted by State Life on request of the policyholder.

The plan serves the requirements of a family in various shapes by way of financial help at retirement, education of children or provision of capital for business. Click here for calculation of premium on your life under this plan. 


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