![]() ![]() ![]() In the case of the policyholder’s death during the tenure, the life insurance company will hand out the lump-sum death benefits to her nominees or heirs. These along with loyalty additions at the end of the term will translate into a pre-defined retirement corpus for the policyholders, depending on the premiums you pay, premium paying term, policy tenure, sum assured and so on.Īlso read: MC Exclusive: Govt-appointed panel will explore how NPS can be improved for its employees: PFRDA Chairman Deepak Mohanty It will offer guaranteed additions - in other words, returns on premiums invested - through the policy term. Aditya Birla Sun Life Insurance has launched Nishchit pension plan, a non-linked, non-participating individual pension plan, aimed at individuals looking to build a retirement nest over the long term. ![]()
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