ALIP: Giving life to endowment policy

ACESO Endowment Services has rolled out one of its kind product “Assignment of Life Insurance Policies (ALIP)“, which is designed as an alternative to surrender of LIC policy. A Policyholder can get the surrender value of LIC endowment insurance policy and still keep the benefit of life cover by legally assigning the policy to the Trust formed by ACESO. Ketan B Mehta, Founder and Director, ACESO spoke to businessline on the product and way forward. Excerpt: