What are Endowment Plans?

An Endowment Plan an insurance product designed to help you meet your long-term financial goals While term plans only provide you with a life cover, Endowment Plans go one step forward and benefit the policyholder in two ways - they not only provide you with life insurance, but also return on your investment.

BENEFITS OF ENDOWMENT PLAN PLANS

  • 01

    SAVING PRACTICE

    Regular saving is important, Endowment plan helps you developing it

  • 02

    LONGER TERM

    You are insured for the longest time, which give financial security to your family

  • 03

    TAX BENEFITS

    Premium invested and returns are both deductible under article 80C

  • 04

    RIDERS

    Additional riders can help you in time of critical illness etc.

  • 05

    FUTURE GOALS

    Help in financing your child’s future to your new venture

  • 06

    DEATH BENEFIT

    You also get some amount of death benefit in Endowment plans

  • 07

    GUARANTEED RETURNS

    Get guaranteed returns even in market uncertainties by investing in Endowment Plans

  • 08

    PENSION FUND

    Invest regularly now and fund your own pension.

Why do you need an Endowment Plan?

Why do you need an Endowment Plan?

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.

How does an endowment plan work?

A rough timeline of an endowment plan is such: after you pay your first premium, your policy commences. In case you pass away, the life cover is paid out to your family.

How does an endowment plan work?

If you survive the policy term upto the date of maturity, you receive the survival benefit - a lump sum amount multiplied over the years.

This way, you’re protected both in life and death.

ARTICLES WORTH READING

  • Endowment Plans Suitable For Women In Helping Them Achieve Their Goals

    read more
  • Difference Between An Endowment Insurance Plan And Term Plan

    read more
  • Top Benefits Of Saving In An Endowment Plan

    read more
  • Endowment Plans For High Security And Low Worries

    read more
  • Invest Safe Feel Safe With Endowment Insurance Plans

    read more
  • Why Choose An Endowment Policy For Your Retirement?

    read more
  • Things You Must Know About Endowment Plans

    read more
  • How Endowment Plan Works?

    read more
  • 3 things you must know about Endowment Plans

    read more

NEED ASSISTANCE?

request a call back

for a scheduled call back, please share:

contact us

branch locator

Please enter your mobile number

enter your contact details

is there an issue? let us help you!

nothing to worry.

just fill in these details. we’ll help you out.

check status

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.
Product