• 3 AUG 2017

    Things you must know about Endowment Plans

    An endowment policy fulfills the need of both insurance and investment. Such plans provide both maturity and death benefit.

    A certain part of the premium gets allocated towards death benefit and a certain portion gets invested. Some endowment plans also provide a bonus to the policyholder. The bonus declared accumulates. This paid with the maturity or death benefit. Most endowment plans act as a savings plan and the policyholder is aware of the return he/she is supposed to receive.

    Who should purchase an endowment plan?

    Whether one is a salaried person or a professional with a regular flow of income, an endowment plan is for everyone who has a continuous source of earning and plans to save for his future goals like retirement or other major expenses like child's education.

    An endowment plan is a backup plan that will never fail to help you. Like all insurance products, it also comes with a life cover. In case of your accidental demise, your loved ones are financially protected through the insurance claim. However, the life cover it provides may not be very high.

     

    Why choose an Endowment plan?

     An endowment plan helps in three ways:

     a) It helps in protecting and ensuring the financial stability of the loved ones.

     b) Endowment plan acts as a saving plan that can help in achieving your financial goals.

     c) The policyholder gets tax exemption for the same. Some plans provide dual tax benefit which means the policyholder can avail tax benefit on the premium paid and the maturity amount received.

    • Leave a Reply
  • 13 OCT. 2017

    Get a Comprehensive Life Insurance Plan for Your Family this Diwali

    While tangible gifts form an important part of the rituals between parents and children for the festive season, some intangible gifts hold a deeper value.

    read more

request a call back

for a scheduled call back, please share:

contact us

branch locator

Please enter your mobile number

enter your contact details

anything amissshare your problem

file a complaint now

what did you find amiss?

please provide us with following information

file a complaint

check status here:

Product
mascot
mascot

Don’t wait. Complete your application by entering your transaction id.

mascot

Please enter your email address to get an email summary of your needs

mascot

By entering my contact details I authorize Edelweiss Tokio Life Insurance to Call or SMS me with reference to this enquiry. This overrides the DND registration of TRAI.