P.L.

Traditional Life Insurance Policy             These plans invest your money in very low risk. Since there is very low risk the returns are too low. It can be Money Back Plan : You will get a percentage of sum assured at regular time of interval, instead of getting lump sum amount at the end of the term. It gives the benefit of both death and survival along with benefit of liquidity. In case of death of insured ,nominee will get the entire sum assured and the survival benefits are not deducted. Term Plan: It provide protection against a specific period of time in case of death of policy holder the death benefits paid by company to the nominee. The insured is however not entitled to get benefit if he outlives the term period. It provides a large amount of insurance sum assured only at very low price. Endowment Plan: An endowment policy is essentially a life insurance policy which, apart from covering the life of the insured, helps the policyholder save regular