INSURANCE SERVICE Available @ICEA LION GROUP

👉_Endowment with Profits_

» First, in order to understand the term "endowment" we ought to understand the word "endowed" which means to provide with money for support or maintainance.

Thus "endowment" is the action of endowing something or someone.

» "Endowment with profits" is a form of life insurance that gives you a platform to grow your savings by making regular payments (premiums) over a specified period of time.

» This type of life insurance is suitable for anyone who wants to save up for a longterm goal and wishes to have a disciplined way to do so.

The service pays you a lump sum at the end of the term of the policy.

P/s Note: There are no partial payments during the course of your policy term..

This means that the Sum Assured and bonuses (both of which combined are known as (maturity benefits) are payable to your nominated beneficiaries in the unfortunate event of your demise.

» Endowments grow your savings because the potential bonuses you gain are derived from the interest accumulated over the period of time from the investments made on your behalf by the insurer.

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