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Thursday, January 28, 2010
What are single premium policies?
If the policy holder has a lumpsum sum amount and he doesn't want to pay the premiums in regular intervals but only as a single premium he can do it through the single premium policies. In single premium the premium is paid only once and the policy holder can enjoy the benefits of the policy during the maturity time. And again this mode of payment is not available with all the policies. Some policies allow both the regular premium payment. A good example for this is Jeevan Tarang and some policies allow only this kind of premium payment. The recently launched Jeevan Nischay is a good example for this. We will discuss some good single premium policies in the future posts.
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