You can exercise the options of paying premiums throughout the policy term of an endowment policy, a limited term, or by lump sum (single premium).
All insurers allow premium payments to be made at quarterly, half-yearly or annual installments. Some also collect premiums monthly. Typically, the higher the number of installments, the higher will be the absolute premium payout.
A certain part of the premium gets allocated towards the sum assured. Some portion of the premium is allocated towards the administrative expenses of the insurance company selling the policy. The remaining portion of the premium gets invested.
Endowment Premium: Basics
- How much do you pay to cover your financial liabilities with life insurance?
- Life Insurance FAQs on Premiums
- Endowment Insurance Plans
Endowment Premium: Opinion
- Right time to review your life insurance portfolio
- Women's Life Insurance Policies
- Why does it not make sense to mix insurance with investment?
- Returns on Endowment Policy vs. Inflation Calculator
Do the returns on my endowment policy beat inflation?
- Returns on Children's Endowment Policy vs. Inflation Calculator
Do the returns on my children's endowment policy beat inflation?
- Calculator: Should I Continue My Endowment Policy?
Use this calculator to find out if you should continue your endowment policy or invest the premium amount saved in other avenues.
- Calculator: Should I Continue My Children's Endowment Policy?
Use this calculator to find out if you should continue your children's endowment policy or invest the premium amount saved in other avenues.