Tag Archives: surrender

Paid up Insurance Policy

By | June 10, 2013

A traditional endowment policy can be made “Paid up”policy if future premiums are discontinued. Usually traditional policy have long payment tenure. A paid up policy means, one can continue the policy without paying future premiums with reduced Sum Assured. Lets see the below example. Mr.A holds an endowment policy of 25 years Term with 500000… Read More »