What are Endowment Plans?

Your dreams and aspirations need to be secured. Your social and family obligations need to be fulfilled. An endowment plan is designed to do precisely that. You get the dual benefit of life insurance as well as wealth accumulation through years of regular investing. Moreover, it brings tax benefits on two fronts, too. Your premium is tax-deductible and so is the maturity corpus.

For individuals with responsibilities of meeting large expenses in the future, endowment plans are a blessing. They have relatively low risk, yet give proportionately higher tax adjusted returns. A lump sum amount on death and guaranteed maturity amount on survival also ensure that neither you nor your loved ones are left unprotected.

Endowment plan motivates you to save and protect you and your family in the time of crises or in your absence.