Endowment Plan

Just as a healthy lifestyle is a combination of a balanced diet and exercise, an endowment policy can help you in building a consistent routine for saving funds by making regular contributions over an extended period.

In simple words, an endowment plan is a form of insurance that provides both life insurance coverage and long-term savings with guaranteed returns. Upon payment of regular premiums to the life insurer, the policyholder receives a lumpsum amount upon maturity or the same is paid to the nominee in case of an unfortunate event with the policyholder. The amount may also include any other additional benefit according to the features & benefits of the policy.