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Compare Endowment Plans. Save and Insure for your future requirements with a Life Insurance Endowment
Endowment plans are traditional insurance plans that provide protection as well as some returns on the premiums paid by the policy holder. The traditional endowment plan provides for payment of the sum assured on the death of the life insured, to the
policy’s nominees or the next of kin of the insured. In an endowment policy, the premium is paid for the defined Sum Assured and term of the policy.
Part of the premium paid is adjusted towards the risk premium or mortality charge for the sum assured; and an amount adjusted for the insurers expenses. The Insurer will invest part of the premium for the policyholder. Investments by traditional insurance plans are mainly allocated towards bonds and fixed income. Exposure to equities is limited to a maximum of 35 percent of the funds under management.
Traditional Endowment Insurance Plans help you in saving for your long term financial needs and provide life insurance cover to make the benefits available to your family and beneficiaries in the event of your death.
Insurance Endowment Plans aim to provide long term savings combined with risk protection. These plans are more suitable if you already have adequate risk protection on your life through protection oriented plans such as Term Insurance and your primary need is long term savings.
Endowment Life Insurance plans are not market linked and provide survival benefits in the form of both guaranteed and variable benefits. Endowment plans provide survival benefits on maturity.
We help you compare endowment insurance policies using our comparison tools to help you determine the endowment plan best suited for your needs.
We help you get information, compare premiums, guaranteed benefits and expected maturity benefits, and plan features for Endowment plans from leading life insurance companies in India. Read our insurance FAQs and Guides to understand endowment insurance product terms and features.
Premiums paid on Life Insurance Endowment Plans are eligible to tax deduction under section 80C; and the income on and maturity proceeds of Life Insurance policies are also subject to tax deduction under the currently prevailing tax scheme and u/s 10(10)(d).It protects your investments from tax as well. Please click here for details of tax benefits available.
Use our tools and calculators to help you plan your long term financial goals and wealth accumulation. You can plan for any of your financial goals by choosing from available insurance plans that offer you systematic long term savings or single premium investment options.