10 Tips to Find Cheap car Insurance Company

10 Tips to Find Cheap car Insurance Company

There is a cost associated with driving in today's world, not the least of which is the essential car insurance . One of the mysteries of the world leadership is that people will spend months looking for the car in many cases , but they choose the first car insurance company that comes into their mind. It is just as stupid as buying a first car you see , because finding affordable car insurance should be a major concern for any driver . The good thing for consumers is that the Internet facilitates this process . Looking for auto insurance quotes online is easy and it is the first step to get great coverage. Here are seven things you should keep in mind when choosing a car insurance provider .

1 . How to provide the car insurance package?

Looking for a good cheap insurance , but you need to ask more than just price. When most people are looking for car insurance quotes , they are only concerned with the bottom line . There are many things to know about your insurance package , though. One of them has to do with how much coverage you get for your money . Quote online car insurance should include information about your deductible, and what things will include coverage . You do not want to end up with an awkward situation if you happen to get in an accident a few years down the road . The most comprehensive coverage , the better. When you apply for auto insurance quotes , it is easy to ask about all these things.

2 . What kind of bonuses and discounts are available for your car insurance ?

When you see the cheap car insurance , you'll definitely want to keep an eye on the premium that suppliers may be willing to throw his way. If this is your first shopping for automobile insurance of the time, then you are probably a little green on the inner workings of the process. What you must understand is that the rate quote is not always the final factor in the cost. Many companies will provide car insurance quotes , but they will also offer discounts for certain things. This could take the form of cash payments for such things as the prevention of accidents and tickets or to obtain a good value if you are a learner driver . For car owners with young people on their level, this is definitely something to keep in mind the 9Power insurance .

3 . Does my insurance cover cheap car small things ?

A cheap car insurance package covers only the bare bones , while others cover almost everything. If you want a solid plan , then you must keep in mind an auto insurance company that covers the little things , too . What happens when you crack your windshield ? Will they pay to fix it, or you will pay $ 200 for yourself? It may not seem like a big deal when you are shopping for coverage, but you can be sure they will be a problem for you if you really have to face the music in a difficult situation. You must ensure that your application for a car insurance quote to explain these things.

4 . Keep the law

One of the main reasons for auto insurance is that you want to stay legal . Many companies make their marketing approach is entirely based on the fact that the drivers need to have auto insuranceto legally drive their car . As a driver , you should know a few things about your own preferences before you make your search . Looking for the best coverage or you want to stay legal ? Do you want something in between? At the very least , you should get sufficient coverage to be driven right . How much car insurance depends on your country, it is up to you to know the rules before signing with the supplier.

5 . assistance aid and all additional car insurance

Find cheap auto insurance online is great, but you must ensure that you put in an additional due diligence on that usually go with auto insurance. What are your online car insurance quotes can not tell you what comes with insurance packages . One thing drivers should seek from their supplier is a kind of roadside assistance. It may be free , roadside assistance 24 hours, or perhaps something less complete . It will really make you feel better that the owner of the car, especially if you make a vehicle for someone a little younger . There are car insurance cheap there to cover it, so you do not have to break the bank.

6 . How long will change the price of my

Car insurance quotes just a starting point for your policy . This is what you can qualify for this moment , and it is really good that the right kind of information is available on the Internet. But what happens if you get a ticket? How long will you level up and how they come up ? The good side of this is what happens if you go one or two years without getting into an accident or a ticket? Are your rates will go down ? Providers have a way to help you with the bonus of road safety? These are questions that you need to get answers before signing any agreement. The most affordable auto insurance have some sort of account of the rate of change , but it is better to get this information on the front.

7 . Considerations cheap auto insurance costs

It goes without saying that everyone wants cheap insurance. With online search hard for such a affordable auto insurance coverage, you could look for your own vehicle, you have a better chance comes at a reduced cost. There is no reason to pay a lot of money for car insurance . With all the competition in this market and how easy it is to shop for a variable rate , you might end up with something that is affordable if you are willing to put even a small amount of work in your search. As with the purchase of consumer goods , the best deals are reserved for those who watch the most difficult for a supplier to auto insurance online insurance 9Power .

Also see car insurance quotes issue:how to save auto insurance, compare auto insurance, now car owners have many reasons to hunt online for their car insurance, get car insurance quotes to save money, how to get cheap auto insurance?, by free auto insurance cheap, online car insurance quotes for young drivers, car insurance quotes, get low cost car insurance, car insurance quotes for a chartered car, car insurance quotes in urban center california, next issue car insurance quotes, list of car insurance quotes.

Thank you to read the article "7 TIPS FOR CHOOSING CAR INSURANCE COMPANY" after my last update, entitled "HOW TO FIND CHEAP CAR INSURANCE PROVIDERS" in CAR INSURANCE QUOTES blog.

Tips To Cheap Car Insurance Premiums

Tips To Cheap Car Insurance Premiums

Car insurance is compulsory,  but it's not necessary to pay more than you have to. A few simple steps combined with some time surfing for competitive car insurance rates really can save you serious money at renewal time.

Cut the Risk and Cut the Cost Car Insurance

The easiest way to cut your car insurance premiums is to cut the risk and accept a higher voluntary excess. An insurer's standard excess may be £100 but if you meet the first £250 of any claim, you'll see a reduction in your premium. This is because you're taking on more of the risk so you get a discount. But it's a gamble, be aware that you might have to meet the cost of a broken window after an attempted theft or a bill for repairing bodywork damage after a car park crunch.

Security Means Savings

Fitting security devices can also result in cheap car insurance premiums. All major insurers insist on Thatcham rated security equipment, usually a minimum of an alarm. If you live in a high-risk area for car crime, it makes sense to fit extra security. It saves you money when your insurance renewal is due and gives you extra peace of mind.

Annual Mileage, Less Means More in Your Pocket

If your annual mileage is, 5,000 miles or less, ask insurers if they offer discounts for agreed mileage restrictions.

Named Drivers Trick

Adding a named driver to your policy can increase or reduce your premiums depending upon the named drivers age, sex and driving record. Adding a young driver will increase your premiums, particularly with a limited or poor driving record. However, adding a driver over 30 years old with a long and clean driving record can cut premiums, particularly if the named driver is female!

Shop Around and Save Even More

The biggest car insurance savings come from shopping around. There can be massive differences between the lowest and highest car insurance quotes for exactly the same car and driver(s). Start off using good comparitive online quotation sites, take their best quotes and go direct to the cheapest car insurance company for more specific quotes.

So next time your renewal quote arrives, don't just accept it and give your money away to the insurance company. Use the steps above and get the right cover at the right price.

Tips To Cheaper Car Insurance

1.Buy from the internet.

Most companies offer a discount for online applications as this is automated process and costs them a lot less to process your application, you can usually see discounts of 5%-10%.Click here to get a instant online insurance quote

2.Shop around.

All insurance companies use different formulas to calculate your insurance premium by adding or detracting money after each question the ask you.By shopping around you could find big savings on your insurance premium.

3.Buy extra products.

Most insurance companies also do other insurance products ie"Building's and content's insurance".Most insurance companies will give extra discounts for purchasing more than one product,by doing this you could save a fair amount on all your insurance premiums.

4.Pay your insurance premium in one go.

By paying your insurance premium in full you can avoid paying costly interest charges that would be added if you paid your insurance premium by instalments.Some insurance companies may charge as much as 15% APR on instalments.You may even receive a discount for paying in full.If you can not afford to pay in full check out what rate a small loan would be you may still save some money.Fill out a online loan application.

5.Increase your voluntary excess.

Your excess is the amount paid by you in the event of a claim,by increasing this your insurance company should reduce your premium.

6.Lower your annual mileage.

Lowering your annual mileage can reduce your premium,most insurance companies will quote you for around 12,000 miles a year.Try and work out how many mile's you will do if it's likely to be less you may get a discount.Be honest about this as your insurance company may ask to see old MOT'S and service history to verify your mileage in the event of a accident.

7.Have a Alarm,Immobiliser or Tracker fitted.

Theft of and from your vehicle play a major role in the calculation of your insurance premium.Having a alarm or immobiliser fitted will give you a small discount to your premium and having a tracker fitted could make you quite a saving.

8.Take the advanced driving test.

Passing your advanced driving test will show your insurance company that you have extra skill when driving and are less likely to be involved in a accident.

9.Don't inflate the value of your car.

Adding extra value to your car when you apply for your insurance quote will do nothing for you apart from increase you premium.In the event your car is stolen or written off you will only be paid the market value of your car at the time of your accident.

10.Look after your credit rating.

Insurance companies are now looking at your credit score as part of the calculation for your insurance premium.Maintaining a good credit rating could avoid unnecessary additions to your premium.

11.Insure your car Third Party Only.

Third party only is the minimum cover you are required to have by law it's also the cheapest.If your vehicle is of a low value then you could consider this type of cover.You need to remember that with this type of cover if you was to have a accident that any damage to your vehicle would not be covered for repair.

12.Keep a clean licence

Insurance companies take driving convictions very seriously and can dramatically increase your car insurance premium,by maintaining a clean licence proves to the insurance you are a safe and careful driver.

13.Remove any unnecessary drivers.

If you have a young driver on your insurance policy that no longer use's the vehicle you should remove them as this will reduce your premium.

14.Young driver's add a older driver.

Some insurance companies will reduce young drivers premiums if they have a older named driver on the insurance.

15.Build up your no-claims discount

One of the biggest factors affecting your car insurance premium is the number of years no-claim's discount.You could receive up to 75% discount for around 5 years of no claims.The more years you can stay claim free the safer driver your insurance company will see you as.

16.Protect your no-claims discount.

Although this will increase your insurance premium if you have a lot of years of no-claims you may want to protect this as a small claim may increase your premium by up to 75%.

17.Buy a lower insurance group car.

A very important factor to your insurance premium is what car you drive.Most insurance companies adopt the Association Of British Insurance Group Rating.This rates vehicle's from 1 - 20 generally speaking the higher the group the higher the premium.By buying a car with a lower group rating can lower your premium especially for young or inexperienced drivers.

18.Join a car club.

If your vehicle is a classic or specialist consider joining a club related to your car most clubs offer insurance schemes which have very good premium rates.

19.Put your spouse as a named driver.

Some insurance companies offer discounts when you add a spouse as a named driver as opposed to unmarried couples,they see marriage as a sign of stability and associate stability with safe driving and there for give you a discount.

20.Take pass plus.

If you are a new driver consider taking your pass plus.some insurance companies could give you as much as a 25% discount and when you have just passed your test and have no no-claims this could make a considerable saving

How To Get Cheap Car Insurance Tips

Tips To Get Cheap Car Insurance | insurance-1st.blogspot.com 

Looking for the best car insurance deals? This guide will take you through the best way to get cheap car insurance and explain how to use online comparison sites, best buy articles and insurance brokers. Our five-step guide could save you hundreds of pounds on car insurance.

Auto insurance can be a major cost for motorists who already face high fuel prices, paying for regular MOTs and services and of course covering the cost of the vehicle they drive each day.

If you’re looking to find cheaper cover, try these tips for lowering your car insurance costs. There are a handful of ways to help reduce your car insurance costs? Whether you are male or female, old or young, follow our ten steps to lower premiums.

Tips To Get Cheap Car Insurance

1. Shop Around

Prices vary from company to company, so it pays to shop around. Get at least three price quotes. You can call companies directly or access information on the Internet. Your state insurance department may also provide comparisons of prices charged by major insurers. (State insurance department phone numbers and Web sites can be found on the back cover.)

2. Compare Car Insurance Costs

Before you buy a new or used car, check into insurance costs. Car insurance premiums are based in part on the car’s price, the cost to repair it, its overall safety record and the likelihood of theft. Many insurers offer discounts for features that reduce the risk of injuries or theft. To help you decide what car to buy, you can get information from the Insurance Institute for Highway Safety

3. Don't Put Everyone on Your Policy

Ensure that only regular drivers are named on the policy. You can always add someone for a few days when they really need to drive the car.

4. Increase Your Voluntary Excess

Agreeing to pay more towards the cost of any accident repairs will bring down premiums. If you are not at fault in an accident, the excess can be recovered. Beware being tempted to allow it to rise too high, however, especially if you have a lower value car.

5. Buy Homeowners and Auto Coverage From The Same Insurer

Many insurers will give you a break if you buy two or more types of insurance. You may also get a reduction if you have more than one vehicle insured with the same company. Some insurers reduce the rates for long-time customers. But it still makes sense to shop around! You may save money buying from different insurance companies, compared with a multipolicy discount.

6. Do Fewer Miles

Reduced mileage equates to a greater saving.

For example, a reduction in annual mileage of 5,000 miles could save a typical 35-year-old driver about £50 a year in premiums.

A cut of 10,000 miles a year could save more than £100.

But you must be honest about your annual mileage, as inaccuracy will jeopardise any claim.

Check your use cover - if you don't use your car to drive to work or for business - both things that increase your premium - you may be able to get a cheaper rate.

7. Mantain A Good Credit Record

Establishing a solid credit history can cut your insurance costs. Most insurers use credit information to price auto insurance policies. Research shows that people who effectively manage their credit have fewer claims. To protect your credit standing, pay your bills on time, don’t obtain more credit than you need and keep your credit balances as low as possible. Check your credit record on a regular basis and have any errors corrected promptly so that your record remains accurate.

8. Pay for Your Car Insurance Annually, Not Monthly

Check with your insurance company because sometimes you are charged interest if you pay by instalments.

9. Seek Out Other Discounts

When you comparison shop, inquire about discounts for the following:

• Antitheft Devices
• Auto and Homeowners Coverage with the Same Company
• College Students away from Home
• Defensive Driving Courses
• Drivers Ed Courses
• Good Credit Record
• Higher deductibles
• Low Annual Mileage
• Long-Time Customer
• More than 1 car
• No Accidents in 3 Years
• No Moving Violations in 3 Years
• Student Drivers with Good Grades

(The discounts listed may not be available in all states or from all insurance companies)

The key to savings is not the discounts, but the final price. A company that offers few discounts may still have a lower overall price.

How To Protect Your Assets With Insurance

Assets are your possessions that make life easy for you; they are parts of your life. Assets can range from material to non-material. I want to adopt another view as to what constitute an asset.

My view is that assets do not necessarily mean things with financial values alone like cars, houses, business premises, machines etc. I believe what constitute an asset depends on an individual. This means things that assist such a person in earning a living e.g. a footballer’s asset could be his leg while a singer’s greatest asset could be his or her voice. As a bread winner your asset could be your lucrative job, your business, your house, your taxi etc. It will interest you to know that all these assets can and have been insured.

We are going to observe some risks that assets are exposed to and how one can protect his or her assets from them. As an individual or business it is important to protect your asset and that with appropriate insurance policies.

We are going to consider:

• Protecting your Asset as an individual
• Protecting your assets as a business or corporate body

1. FIRE, FLOODING, LANDSLIDE, HURRICANE AND OTHER NATURAL DISASTERS

These risks usually have devastating effects on assets. Fire can cause a lot of damage on buildings, cars and other physical assets so also can the other perils. Every person or business faces all the above listed risks. An insurance policy will not prevent them from occurring but it will be there for you when it does happen so that you will not end up losing everything you own to them. If your house gets burnt without an insurance policy you have lost all!

INSURANCE PROTECTION: These risks can be covered under Fire and Special Perils Insurance Policy. I am going to spare you the technical jargons. This policy covers loss or damage of properties against fire, lightning, explosion of boilers or gas, storm, flood, burst pipes and overflowing of water tanks, impact of vehicles, malicious damage, earthquake damage, aircraft damage, bush fire, tornado and cyclone as well as riot and strike. This insurance coverage is very cheap when you have to consider the premium payable vis-à-vis the value of the property. For example, if your house costs N10m and insuring it, you were charged a rate of 0.225%. This will make the annual premium you are going to pay to be N22,500. With that little amount you are covered under a fire and special perils for a year until renewal.

ALSO READ: How to choose a life insurance plan

2. THEFT, BURGLARY AND HOUSEBREAKING

Every home or business is faced with the challenge of being robbed. Depending on the area of residence houses get burgled and robbed occasionally. Armed robbers, thieves, vandals etc are threats to houses or apartments.

INSURANCE PROTECTION: What you can do to protect your priced assets like your home and properties is Burglary and Housebreaking Insurance. This policy covers your property against loss or damage by theft. It should be noted that the policy covers not only the stolen goods but also the damage inflicted on doors or safe by the burglar in an attempt to gain entrance to the property. 

It should be noted here that the insurance definition of Theft is different from its legal definition. In Insurance, theft must involve violence and application of force i.e. entry into or exit from a premises by forcible and violent means. This definition excludes stealing by tricks or any means other than the use of some form of force. However, your private residence burglary policy can cover such theft that does not include force (this is called larceny), which is covered at an additional premium. Burglary insurance too is not expensive. 

For example if all the content in your house or apartment is valued at N5m then depending on the area you reside the insurer might charge you 0.5% rate which makes your premium be N25,000. Kindly note that the rate is applied only to content of the building because it is not possible for a building to be stolen!

Read more here

Car insurance Guide

If you want to insure a new vehicle or cancel your existing auto insurance and change, you should get advance insight into the market. Due to strong competition among insurers, there are favourable tariffs practically for each car. Whether a car insurance for novice or a car insurance for the car: you can choose among numerous offers. Learn what to look for here.

Types of car insurance

Generally can be distinguished three types of car insurance: motor insurance, the collision damage waiver, and the partial cover insurance. A compulsory insurance is the former and is usually meant, if only from the car or car insurance. You pay for all legitimate claims for damages, imposed after crashing against you by third parties. Partial and fully comprehensive stand, however, in varying degrees of damage to your own car.

Cost factors

Although the motor insurance is a compulsory insurance, you can save on a completion yet. So different factors will affect the contributions which you can influence their part at least in part. Are worth mentioning in the first place:

Drivers classification: Through years of accident-free driving you can reach a low damage freedom class, which specifies the auto insurance as a percentage. This is the most effective means to reduce contributions.

Type class: For the insurance, the type classes are binding, they are based on the statistical damage required of a specific vehicle class. Each car belongs to a type class, the overview is updated once a year.

Utilization behavior: A low mileage and a safer night Abstellort, for example, affect positively on the premiums.

Personal conditions: by the age of the driver about his profession up to the housing situation, the various criteria affect insurance premiums.

Discount protection and discount saver

The classification into a worse damage freedom class and the increase in the contributions follow a self-inflicted accident car insurance. Discount protection and discount saver can prevent this. Arrange a discount protection with your car insurance, remain you get damage freedom class and premium. Up to three losses per year allowed under these conditions regulate - however, you have also an extra seven to 15 per cent in purchasing.

The discount Savior is often free part of your policy, is possible but usually only once per year. Here the low premium is retained you though, nevertheless the insurance makes the classification into a worse damage freedom class. Bind off rescuers as well as discount protection in a way your provider: If you want to change the insurance, you can not take the percentages to the new car insurance. The company will be classified on the basis of the actual damages namely you.

Cheap car insurance for beginners

A car insurance for novice is often relatively expensive. This is due to their lack of driving experience and a higher than average carelessness which is reflected also in the accident statistics. But, there are ways to complete a cheap car insurance for drivers.

An option is to ask the insurer of the parents whether entry in the damage freedom class half is possible. This corresponds to a percentage range between 100 and 140 depending on the provider. The downside is that no free choice of insurance is possible. More often the way is used appropriately, that the parents of the young rider complete car insurance for a car. So, you run the police using their name while daughter or son of the main users of the car is. This caused an accident, the demotion in the damage category concerns only the second car. A start is possible at best with the classification of the Erstwagens depending on the age of the driver at least in SF, half.

Cancel car insurance: to go properly

There are several reasons to switch car insurance. If you are unhappy with a settlement, not be willing to accept an increase in premium or have simply found a better rate, you can cancel your car insurance - but not always. You are bound to your notice period or subject to specific cases. You authorize the following situations to cancel your auto insurance:

Re-registration or change of vehicle: You buy another car - whether used or new - you can change the insurance for this.

In the event of damage: after the settlement of a damage

How To Make A Third Party Car Insurance Claim

 

Do you know that your Third Party Car Insurance Certificate in Nigeria has a N1,000,000 property damage cover on it? Do you also know that the life cover on it is unlimited? If you don’t know, now you know. Your Third Party Car Insurance Certificate is more than ‘Police-let-me-pass’ as it is commonly called in Nigeria, it is a valid piece of paper!

The issue of whether Insurance Companies pay claim is no more an issue presently because the Insurance Industry has been revamped. Please feel free to read Why Insurance Companies Don’t Pay Claims. Now how do you make a Third Party Claim?

How To Make A Third Party Car Insurance Claim

A Third Party Only Car Insurance covers your legal liability (as a holder or insured) to third parties in respect of any damage to their properties (minimum of N1m) and for any injury or death(unlimited) to them from the use your motor vehicle. It also covers your legal fees for defense of a claim in court.

To make a Third Party Claim follow the steps below carefully.

1. NOTIFICATION

Once an accident, loss or damage occurs and it was decided that you are at fault by the officer or people on the spot, contact your insurer immediately. Note that you are not supposed to admit liability on behalf of the insurer; it is the duty of the third party to prove liability or be determined in the court. Call your insurer on phone and for documentary purpose write a letter of notification or email to your insurer. The letter should give a very brief description of the incident stating the date and time of the loss. Since this is a third party claim thus any impending prosecution, inquest or fatal inquiry in respect of the occurrence should be communicated to the insurer with your letter or in subsequent letters. Also, any claim letter from the third party, writ summons and process should be forwarded to the insurer immediately.

2. ACKNOWLEDGMENT 

After your notification has been received, the insurer writes to sympathize with and assures you of handling the claim or to reject the claim if you are not covered. If the claim is not repudiated, the insurer’s letter will be accompanied with a claim form for you to fill. The claim form asks detailed questions relating to the claim. The form helps to get a clear description of the claim. Ensure you complete it accurately without misrepresenting anything. The information you put down in the claim form should be the same as those in the Police Report. The insurer will request for some claim substantiating documents which include:

For Property Damage Claim

• Estimate of repairs
• Photographs of the accidental vehicles
• Third Party claim letter
• Driver’s statement of loss
• Police report
• Driver’s license of the driver in charge of the vehicle prior to the accident

For Death or injury claim

• Writ summons or court order
• Police Report
• Third Party claim letter
• Photographs of the accident
• Hospital bill
• Death certificate
• Corona’s report
• Driver’s statement of loss
• Driver’s license of the driver in charge of the vehicle prior to the accident

After you have gotten the documents, attach them to the Completed Claim Form and forward to the insurer (originals should be forwarded to avoid unnecessary delay).

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How To Choose A Life Insurance Plan In Nigeria

Life Insurance is all about protecting your future and that of your family/dependants. Life Insurance nowadays is more fashionable because there are many products that involve benefits being payable even before death. There are products for family, kid’s education, capital accumulation, thrift savings plan and so on.

No matter the type of cover you choose, factors ranging from your needs to your age and much more will determine your premium. This post is coming with a purpose of enlightening you on how to purchase a cover that will be of benefit to you.

How To Choose A Life Insurance Plan

1. DETERMINE YOUR NEED

Before you fill the proposal form or issue your cheque, the first thing to do it to determine exactly what your need is. How to do this is to look within. Answer basic questions like:

Are you single or married?

Do you have kids and how many?

What are your running expenses?

Can you afford to keep paying the premium?

It is essential to answer these questions because life insurance involves premium payment which is periodical. You are to estimate your living expenses and add the insurance premium and see how it goes. It is important because once you start should be able to sustain your payment without which you will not be able to reap your full benefit. Also answering these questions will go a long way to help in this next step below.

2. MAKE YOUR CHOICE

There are different life insurance covers available you can choose from. Here are the basic plans: Term assurance, whole life assurance and endowment plan.

• Term Assurance: provides cover for a specific period and will only pay out if the life assured dies during the period. It is the most basic of all life assurance policies. However, if the assured survives, no payment is made and the policy expires. There are different types of term assurance:

1. Level Term Assurance
2. Renewable Term Assurance
3. Convertible Term Assurance
4. Increasing Term Assurance
5. Decreasing Term Assurance
6. Family Income Policy
7. Increasing Family Income Policy
8. Unit-Linked Term Assurance

• Whole Life Assurance: is a very simple policy which pays out whenever the life assured dies. This is different from Term Assurance because it is a permanent policy, hence it does not expire. It is more expensive. Whole life is a substantive policy and can be used as security for loans. There are different types of Whole Life Cover:

1. Non-profit Whole Life Policy
2. With-profit Whole Life Policy
3. Low-Cost Whole Life Policy
4. Single Premium Unit-Linked Whole Life Policy
5. Regular Premium Unit-Linked Whole Life Policy

• Endowment Plan: Allows the sum assured to be payable on a fixed date – the maturity date – or on the life of assured’s earlier death. What this mean is that if the assured did not die, the payout will go to him but if he does, it goes to his beneficiaries. Endowment policies are substantive policies because there will be payout at a point in the future and can be used as a security for loans. The following are the types of endowment policies:

1. Non-profit endowments
2. With-profit endowments
3. Low-cost endowments
4. Low-start endowments
5. Flexidowments
6. Unit-Linked Endowments
7. Pure Endowments
8. Guaranteed Bonds

 

Read the rest here