How to increase the returns on your money back life insurance plan?

Money back life insurance policy covers the risk and delivers financial returns at various life stages. You will also get a lump sum at the maturity along with the bonus. A fixed percentage of the sum assured will be returned during the policy term. The planned expenditures can be met with the help of the…

Do insurers automatically pay the maturity benefit of endowment plan?

┬áIf the insurance policy comes with survival benefits, the insurance company will not pay the maturity benefit automatically. Hence, the maturity benefit of the endowment plan will not be processed automatically. The insurance company will track the records of policyholders and will send reminders on important matters related to insurance policies at regular intervals. The…