All Articles Tagged With "life insurance policy"

Endowment Insurance Policy
Endowment Insurance Policy

An endowment policy is a contract that pays a lump sum amount in the event of death of the insured or after ‘maturity’ of the contract. Endowment policies are usually unit linked ones and are not very flexible in nature. The maturity period of such policies ...

A Valued Policy: An Overview
A Valued Policy: An Overview

A valued policy is one in which the full face value of the policy is paid in the event of complete loss; it does not matter what the actual value of the property that is involved is. Life insurance policies are quintessentially valued policies; however valued ...