bs-preloader__icon
ru kz en

What is the difference between the endowment insurance programs and deposits?

The executive director of the Investment and Savings Division of Sberbank Olga Monakhova told Fomag.ru about endowment insurance programs.
What is the difference between the endowment insurance programs and deposits?

Accumulative insurance implies a long term of savings and provides customers with insurance cover for the contract duration in case of unforeseen situations. Life insurance savings schemes ensure a secure future for clients and their loved ones and maintain a familiar quality of life in unforeseen health situations.

As a rule, the insurance coverage by the expiration time for contract exceeds the amount of deductibles. Many products provide both guaranteed profitability and additional investment income. The yield is about 3-6% per annum with regards to commission and insurance rate under LIC contracts in rubles on average.

Another important function of endowment insurance programs is insurance coverage that works in case of adverse events. In case an insured passes away, an insurance company continues to accumulate and by the end of the contract term beneficiaries receive the full amount. Besides, in certain cases the payment under the contract will make up to two or three insurance amounts.

Source: https://fomag.ru/news/kakomu-fondu-udalos-prevzoyti-investitsii-baffeta-v-200-raz/

Photos are from open sources.

Share
read also
What are the alternatives to the unified accumulated pension fund (UAPF)
What are the alternatives to the unified accumulated pension fund (UAPF)

Deposits, stocks, real estate, life insurance, what do you need to invest in, so that...

Poll: Americans do not know how to build a thrift plan for old age
Poll: Americans do not know how to build a thrift plan for old age

Americans are overconfident and not saving enough for retirement, according to a rece...

How does life insurance work?
How does life insurance work?

According to a survey presented by Unum, about 40% of US adults do not have a life in...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application