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Endowment policy information


An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death. Typical maturities are ten, fifteen or twenty years up to a certain age limit. Some policies also pay out in the case of critical illness.

Policies are typically traditional with-profits or unit-linked (including those with unitised with-profits funds the holder then receives the surrender value which is determined by the insurance company depending on how long the policy has been running and how much has been paid into it.

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Endowment policy

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An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death. Typical maturities are...

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Endowment mortgage

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intended to be repaid by one or more (usually Low-Cost) endowment policies. The phrase "endowment mortgage" is used mainly in the United Kingdom by lenders...

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Carnegie Endowment for International Peace

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The Carnegie Endowment for International Peace (CEIP) is a nonpartisan international affairs think tank headquartered in Washington, D.C., with operations...

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Endowment

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, college endowment) Endowment mortgage, a mortgage to be repaid by an endowment policy Endowment policy, a type of life insurance policy A synonym for...

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Life insurance

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benefit also declines. Option B policies normally feature higher premiums than option A policies. The endowment policy is a life insurance contract designed...

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Financial endowment

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some cases must be) spent each year, utilizing a prudent spending policy. Endowments are often governed and managed either as a nonprofit corporation,...

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Modified endowment contract

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keep the full tax treatment of a cash value life insurance policy. In a modified endowment contract, distributions of cash value are taken from taxable...

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Life Insurance Corporation

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of 2019, a total life fund of ₹28.3 trillion, and a total value of sold policies in the year 2018–19 of ₹21.4 million. The company also reported having...

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National Endowment for the Arts

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The National Endowment for the Arts (NEA) is an independent agency of the United States federal government that offers support and funding for projects...

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Endowment selling

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Endowment selling is the practice in the United Kingdom of selling an endowment policy to a third party. This is often an attempt to gain more money than...

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Max Life Insurance

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In February 2016, Axis Bank held a 6% share in Max Life. Max Life sells policies on both online and offline channels. Its distribution channels include...

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Mortgage

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mortgage or is often related to the type of plan used: endowment mortgage if an endowment policy is used, similarly a personal equity plan (PEP) mortgage...

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Endowment effect

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In psychology and behavioral economics, the endowment effect (also known as divestiture aversion) is the finding that people are more likely to retain...

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National Endowment for Democracy

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The National Endowment for Democracy (NED) is a quasi-autonomous non-governmental organization in the United States founded in 1983 to advance democracy...

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Whole life insurance

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variable life, and endowment policies. The death benefit of a whole life policy is normally the stated face amount. However, if the policy is "participating"...

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ICICI Prudential Life Insurance

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2005, the company crossed the mark of 1 million policies. In 2008, it crossed the mark of 5 million policies and ₹100 billion (US$1.3 billion) in total premiums...

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Wikimedia Foundation

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annual expenses of $169 million, net assets of $255 million and a growing endowment, which surpassed $100 million in June 2021. The Wikimedia Foundation's...

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HDFC Life

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insurance Term life insurance Unit-linked insurance plan Endowment policy Money-back policy Whole life insurance Retirement plans Revenue ₹71,191 crore...

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SBI Life Insurance Company

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insurance Term life insurance Unit-linked insurance plan Endowment policy Money-back policy Whole life insurance Retirement plans Revenue ₹80,686 crore...

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Jiban Bima Corporation

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protection policy, group term insurance policy, group endowment policy, group variable endowment policy, group pension policy, grameen bima policy, joint...

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The Duke Endowment

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the North Carolina Medical Journal, a journal of health policy analysis and debate. The endowment was established by a trust indenture that specifies how...

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Foreign Policy

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years of close partnership, the Carnegie Endowment for International Peace acquired full ownership of Foreign Policy. In 2000, a format change was implemented...

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Canara HSBC Life Insurance

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introduced the concept of online revival of the policy, enabling customers to reinstate a lapsed policy and allows to pay their premium online. It has...

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India Post

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whole-life assurance), Sumangal (anticipated endowment policy) and Yugal Suraksha (joint life endowment assurance). India Post started Rural Postal Life...

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Insurance

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the insured if the policy is surrendered or which may be borrowed against. Some policies, such as annuities and endowment policies, are financial instruments...

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Auction

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charity event like a benefit concert. Insurance policies – Auctions are held for second-hand endowment policies. The attraction is that someone else has already...

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National Endowment for the Humanities

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The National Endowment for the Humanities (NEH) is an independent federal agency of the U.S. government, established by the National Foundation on the...

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