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In money back policies the some part of money is refunded to life insured. The period is generally is of 5 years and at the time of maturity; the money which is paid deducted from sum assured amount.
A Money back plan is an endowment plan which combines both insurance and investment. The main objective of a money back plan is to provide fixed sum of money at regular intervals. This amount depends upon the sum assured of the individual. On maturity, the insured receives remaining portion of the sum assured and loyalty additions.
What else can I help you with?
What is an endownment policies?
Endowment policies are policies for fixed duration. Money is provided back only after completion of policy term.
How go you get money back from a Chinese site?
You can get your money back form a Chinese site by contacting their customer support. Most sites will be able to refund money promptly based on their refund policies listed on the page.
What are the types of life insurance policies in India?
Some types of policies are: # Pure term life insurance # Endownment # Whole life # Money back # Unit Linked Insurance Policies # etc...
Can you give clothes back and get your money back?
Most of the time, store policies vary. Most store will not accept underwear, due to health reasons.
How do you get your money back from a summer camp if your child gets sick?
Different camps have different policies. You need to call and ask.
How do I get my money back or get my mower back?
It depends on the policies of the company that you bought the lawnmower from. You'll want to check the company's website or, if you have it, check the instruction manual that came with your lawnmower.
Farmers desired cheap money or soft money policies because they believed rising prices for their crops would?
It would enable them to pay back their loans more easily.
In the late 19th century farmers desired cheap money or soft money policies because they believed rising prices for their crops would what?
to enable the farmers to pay back their loans easily.
Where can endowment policies in the UK be found?
Information on endowment policies can be found at Money UK, This is Money UK, Absolute Assigned Policies Ltd., Endowment Surrender Plus, and Sell Endowments UK.
Explain how different monetary policies affect the money supply in the economy?
"Explain how different monetary policies affect the money supply in the economy?"
What causes your insurance rates to be low?
If you choose Term Insurance Policy for you, your premia is bound to be low compared with the premias of Endowment, money back policies.
What are the two basic types of monetary policies?
loose money policy and tight money policy
