ppt presentation on life insurance

3.  Generally people take life insurance policy
when they have the fear of dying too…
 Then to provide financial support to their
family the take life insurance policy…
 Sometimes people take life insurance
policy to get financial support and
economic independence during their old
age…

8. WHOLE LIFE
ASSURANCE
POLICY….
There is no maturity
period as it is
payable only on the
death of the person..
ENDOWMENT LIFE
ASSURANCE
POLICY….
It has a maturity
period. The
compensation is paid
at the death or on
expiry of a specific
period whichever
comes earlier..

9. WHOLE LIFE
ASSURANCE
POLICY..
Rate of premium
is low….
ENDOWMENT LIFE
INSURANCE
POLICY..
Rate of premium is
comparatively
high….

10. WHOLE LIFE
ASSURANCE
POLICY..
Premium is paid
throughout the
life..
ENDOWMENT LIFE
INSURANCE
POLICY..
Premium is paid for
A fixed period..

11. WHOLE LIFE
ASSURANCE POLICY..
It is traditional
form of policy and
it does not
Encourage savings…
ENDOWMENT LIFE
INSURANCE
POLICY..
It is modern form of
Policy and it boosts
Up Savings to get
financial Support at
old age…

12. WHOLE LIFE
ASSURANCE POLICY..
The sum assured is paid
always to the legal heirs
or to the nominees
after the death of the
assured…
ENDOWMENT LIFE
INSURANCE POLICY..
The sum assured is paid to
Assured himself if he
Survives Till the period of
policy and to His legal heirs
in case he Dies Before the
maturity period of Policy…