endowment policies vs term insurance?
25 Aug, 2021
by Dhayanandan Murugesan
Is there any article available comparing term insurance vs endowment policies offered by LIC, PLI etc.,?
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27 Aug, 2021
CEO, Insurance Samadhan
Dear
You can not compare apple with orange .
Every insurance product has three components
E : expense , less in term more in endowment .
M : cost of mortality , same in term and endowment .
I : investment , zero in term and yes in endowment as per survival benefit .
All endowment product has term insurance in it . You remove investment amd it will become term .
Hope this clarifies
Shailesh
Insurance Samadhan
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You will find many articles on internet.
Are you looking for an article written by Beshak team?
Asad Akbar