LIFE INSURANCE SCHEMES?
my friend has invested Rs.50,000/- in SBI energy insuracne( pure pension scheme)last year.
for this year he received a letter from SBI for paying the second instalment of Rs.50,000/-
immediately he is unable to pay the second instalment of Rs.50,000/-
his query is whether he unable to pay the second instalment shall he lost the first year's amount of Rs.50,000/-
Answers:
As it is a pure income scheme it will not lapse.But I am not sure how much money your friend will receive after five year. Because the nav must have come down, further near are so many charges eating the number of unit every month and every year. Any way get a clarification contained by writing from the Public information officer of the company under the right to information Act.
You should be aware of 3 years lock in time of year. In any case insurance is used as an instrument to cover death and equivalent existence risks.
It is recommened to pay atleast 3 years premium.
But you can talk to the insurance agent to ask for some special submission if available to give you some time to pay the subsequent premium.
If he doesn't pay he has lost the first 50,000. That is the single reason insurance is the safest place to consider for covering risk. Ask yourself a question and relate your friend to do the same the question is: Is your friend covered from risk of departure in the first year? If yes then don't you devise if something happens to him he will get the sum assured?
Sukhjinder
In these types of plans in attendance r 3 years locking period which is compulsory to pay but here r some facilities given to the customers like u can drain original premium after payment of 1st prem.to 10000
Plz ask direct through any branch of the SBI Life Insurance.I proposal u to continue ur premium .If u cant pay ur resourceful prem. then reduce it becoz these policies can hand over a good return. Source(s): I hv worked executive of SBI Life Insurance
paying for 3 year is must.
As you already have policy, I will suggestion to pay for atleast 10-15 years so that you average the costs.
Related Questions:
for this year he received a letter from SBI for paying the second instalment of Rs.50,000/-
immediately he is unable to pay the second instalment of Rs.50,000/-
his query is whether he unable to pay the second instalment shall he lost the first year's amount of Rs.50,000/-
Answers:
As it is a pure income scheme it will not lapse.But I am not sure how much money your friend will receive after five year. Because the nav must have come down, further near are so many charges eating the number of unit every month and every year. Any way get a clarification contained by writing from the Public information officer of the company under the right to information Act.
You should be aware of 3 years lock in time of year. In any case insurance is used as an instrument to cover death and equivalent existence risks.
It is recommened to pay atleast 3 years premium.
But you can talk to the insurance agent to ask for some special submission if available to give you some time to pay the subsequent premium.
If he doesn't pay he has lost the first 50,000. That is the single reason insurance is the safest place to consider for covering risk. Ask yourself a question and relate your friend to do the same the question is: Is your friend covered from risk of departure in the first year? If yes then don't you devise if something happens to him he will get the sum assured?
Sukhjinder
In these types of plans in attendance r 3 years locking period which is compulsory to pay but here r some facilities given to the customers like u can drain original premium after payment of 1st prem.to 10000
Plz ask direct through any branch of the SBI Life Insurance.I proposal u to continue ur premium .If u cant pay ur resourceful prem. then reduce it becoz these policies can hand over a good return. Source(s): I hv worked executive of SBI Life Insurance
paying for 3 year is must.
As you already have policy, I will suggestion to pay for atleast 10-15 years so that you average the costs.
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