FAQs

Life Insurance

10 Jan 2019

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Traditional Insurance Plans are Money Back Plans/Endowment Plans/Term Plans. Before the advent of ULIPs, these were the instruments of choice for insurance as well as investment. However, they offered no option to choose between various asset classes and the investments were made solely at the discretion of the insurance company. Traditional plans provided returns in the form of sum insured plus bonus (if and when declared). The amount of bonus depends upon profits made by the insurance company and the declaration of the bonus is at the sole discretion of the life insurance company.

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