ABOUT SAVING AND INVESTMENT SOLUTIONS - TRADITIONAL PLANS

Financial planning is the key to fulfilling your dreams and aspirations. From providing for your family to buying a home or a car, good planning ensures lifetime financial security for your family, even in case of an unfortunate event of the death of an earning member of your family. The sign of a sound financial plan is the inclusion of adequate life insurance coverage in the plan, with an element of savings built along side.

Life Insurance is also an important saving instrument. Insurance saving plans can help you organise specific needs like saving for your child's education, marriage, settlement in life, purchase of a house, retirement and other financial goals.

 

Traditional Insurance Plans

Traditional plans can be PAR or Non-PAR. PAR (Participating) policy enables you as a policy holder to share the profits of the insurance company. These profits are shared in the form of bonuses or dividends. It is also known as a with-profit policy. In Non-PAR (non-participating) policies the profits are not shared and no dividends are paid to the policyholders.

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