|
Endowment Assurance Plans
Endowment Assurance Plans

Endowment
Policy provides with an Insurance coverage and at the same time acts as a
Savings instrument, a plan where the benefits are paid on death within the term
or at the time of maturity of the policy whichever is earlier. Unlike Whole
life it is a policy designed principally for providing Living benefit. Thus it
is more of an Investment policy and premium for an endowment life policy is
much higher than that of a whole life policy