Features of
Endowment Plan
Dual Benefit – Protection + Savings
Provides a lump sum payout on maturity (if the policyholder survives the term) or Pays the sum assured to the nominee if the policyholder dies during the policy term.
Maturity Benefit
At the end of the policy term, you get the sum assured + bonuses (if applicable).
Income Tax Benefits
You get income tax benefits on the premiums paid. The best part is that the payouts which you get from the policy are 100% TAX FREE as per IRDA rules.
Flexible Payment Terms
You can choose to pay the premiums for as low as 5 years and it can also go upto 15 years depending on your situation and requirement.
Bonus Earnings
Many endowment plans are participating, which means they earn annual bonuses depending on the insurer's performance.
Life Insurance Coverage
You also get the life insurance benefit of around 11 times your yearly premiums
Example of a Policy
WHAT YOU PAY?
₹5,00,000 per year for 12 years
Total Premium Paid
₹ 60 Lacs
WHAT YOU GET?
AT 18th YEAR
₹ 60 Lacs Guaranteed + ₹ 73 Lacs Bonus
TOTAL ₹ 1.36 Crore*
BEST SUITABLE FOR
6 Reasons why
you may want to buy these policies
01. Can be an good addition to your Investment portfolio
02. Get a huge sum of amount at fixed year which is 100% tax free
03. Market linked return with moderate risk
04. No-surprise, clear policy wordings and offering.
05. Ideal product for those want are looking for income after next 12- 15 yrs (NRI, or Professionals)
06. Can be bought on the name of Spouse or Children