Anticipated Life Insurance
- definitely, the fixed amount of money is reimbursed to the insured in the designated period in between the insurance period
- This insurance can be activated only by participating in the profits accrued
- This insurance can be done for periods of 15, 20 or 25 years and in this scheme, the insurance sum is reimbursed 3 times in installments within the total insurance period
- However, for 25 years of the insurance period, the reimbursement is made 4 times. But the bonus amount can only be paid to the insured upon the maturity of insurance period
- In case the insured expires prior to the maturation of insurance period, whole of the insurance sum and the earned bonus is awarded
- This scheme is also immensely popular among the masses