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There are basically 3 types of life insurance policies in India :-
1) Endowment.
2) Term Assurance.
3) Unit Linked.
In Endowment or conventional policies, you are to pay premium for a specific period and get lumpsum on maturity.The deaith benefits are also included here.
In Term Assurance Policies, payments are made to the nominee only in case of any eventuality of the policy holder, with no maturity benefit therein.
In Unit Linked policies, moneys are utilized in stock markets and the payments are linked with market volatilities.The Private Insurance Cos. basically do business on these policies.
What else can I help you with?
How do you collect on old insurance policy?
There are many different kinds of insurance policies. Read the policy and find out what the terms of the policy are.
Is it possible for me to transfer my life insurance policy to another company?
Yes, it is possible to transfer your life insurance policy to another company through a process called a policy transfer or a policy assignment. This allows you to switch your coverage to a different insurer while maintaining the benefits and terms of your original policy.
Why did RBI have to change its role from controller to facilitator of financial sector in India during 1991?
It is in tune with the policy of the government. Even now the role of the RBI has not changed from controller of the entities it regulates. What has changed is the policies of reserve bank of India which are based on terms of liberalisation proposed by the government,
How many sbi banks in India?
SBI has thousands of branches around India. They also have different subsidiaries that belong to the parent State Bank of India like State Bank of Mysore, State Bank of Travancore etc. SBI has the most number of branches around the country in terms of sheer branch presence.
What is the highest policy-making body in National Planning In India?
National Planinin Commission
How do you collect on old insurance policy?
There are many different kinds of insurance policies. Read the policy and find out what the terms of the policy are.
Investment policy of commercial banks in India?
In India, the investment policy of each bank is determined by the bank's administrators meaning each bank has different policies regarding investments.
How are adding like radicals and combining like terms different?
Write an essay on the impact of policy dynamics on policy changes within the policy making process in the public sector
Who regulate the Fiscal Policy of India?
The president regulates the fiscal policy of India.
What are the tools of monetary and fiscal policy in India?
Monetary policy is a tool in India that is used the Reserve Bank to regulate interest rates. Fiscal policy in India is a tool that regulates their economy.
What is the disinvestment policy of India?
disinvestment programme in india
What is the promotion policy for executives of Coal India Limited?
what is promotion policy of E6 to M1 in coal india limited
Which year government of India introduced exim policy?
exim policy was established in India on JANUARY 1 1982
Was Gandhi's policy of non-cooperation popular in India?
Yes, the Gandhi's policy of non-cooperation popular in India.
Who declares credit policy in India?
reserve bank of India
Who declares the credit policy in India?
its by reserve bank of india..
What does NPP refers to?
National Population Policy, is a policy launched in India in 1952, which aims on the stabalisation of the population of India By 2045.
