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  • News From Press How to use the benefit illustration of a life insurance policy

    How to use the benefit illustration of a life insurance policy

    Source: Mint Apr 24, 2017

    Often we advise you to sit with the benefit illustration of a life insurance policy to understand the benefits in detail. But how can you make best use of it? We take you through the answers. 

    What is a benefit illustration?

    A benefit illustration is a year-by-year summary of the costs and benefits. With it, you can assess how costs impact your corpus every year. You pay a premium every year and your insurer deducts costs from this money on account of fund management, distributor incentives, insurance cover and other administrative expenses.

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    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

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