With Profits Endowment

> With Profits Endowment. Compare the whole endowment insurance market at once and save up to 40% on your with profits endowment premiums.

An endowment policy with profits is essentially a life insurance policy which pays the total sum assured along with some bonus that has been accumulated during the total term of the insurance policy. However, the concept is the premium that is paid in these kinds of policies is a little higher than the regular premium. This higher amount in the premium that is paid by the insured is invested in the company from which bonuses are withdrew on an annual basis and the same is added to the total sum assured that the policy holder pays. This total value is paid out either on the maturity of the policy or on death of the policyholder, whichever comes earlier. This policy is alternatively popular by the name Endowment life policy with profits.

Endowment life policy with profits is probably one of the most popular policies among life insurance policies. This policy offers family protection as well as provision at old age at a very affordable premium. Endowment policies are actually suitable for people of all ages.

Compare With Profits Endowments Online

The most salient features of an endowment policy is that it is life insurance policy which comes with profit and thus carries a provision of the payment of bonus to the policy holder. The total sum assured along with the bonus amount that is accumulated would be paid either at the maturity date or on the death whichever is first. The premiums that are to be paid would cease either on the maturity date or on the death whichever is earlier. The mode of payment for premiums are available in four forms namely, yearly payment, half-yearly payment, quarterly payment, and monthly payment.

Benefits and Drawbacks

The benefits are given either on survival or on death whichever comes earlier. In case of survival, the benefit that the insurance offers is the basic sum assured along with a bonus of for the total term of the policy is given. Additionally, a one-time bonus known as the Final additional bonus is also paid out (only if applicable). In case of the death of the insured, the company pays out the basic sum assured along with the total bonus that has been accumulated till date of death. In addition to this, if applicable, one-time bonus is also offered to the insured’s family.

There are a couple of riders that are available with this policy. They are double accident benefit rider, rider for term rider, premium rider and also a rider for critical illness.