ENDOWMENT LIFE INSURANCE

While applying for endowment life insurance insured person may not only benefit by obtaining insurance compensation paid upon the death of the insured person, but, at the same time family members may obtain financial provision in case of disability and death accidents occur.

Insurance amount is paid in the following cases:

• Insurance amount will be paid to the beneficiary as per insurance agreement or his/her successor in case if insured person dies within the insurance term;
• Insurance amount will be paid to insured person in case if he remains alive after the insurance term (insurance period).  

Of course, you have an option to accumulate your cash at the certain bank account. Unlike the bank deposits when only the lump amount and capitalized interests are paid, in case of life insurance insured person at the same time provides financial security for his family when death accident occurs. For instance, you were paying for the insurance contract only within two months from its effective date and then insurance accident occurred! Even in this case insurance amount is same paid by the insurance company. If you still think to make a deposit placement at Bank then your family will only receive back the amount of deposit.