What is Endowment Plan?
Endowment Plan Is Ideal for you
- If you are looking for a plan with the dual benefit of investment and insurance.
- If you are looking for a long term investment and want to receive a lump sum amount at the end of some years or maturity.
- If you like to pay your premium in short period and want to enjoy the benefits from the plan over the policy term.
- If you are looking for an investment which is tax free then this is good option. As per section 80C of Income Tax Act you can enjoy tax benefit on the annual premium and as per section 10D death claim is completely tax-free.
- It’s a low yield policy
- The premium is relatively higher than a term plan
- The surrender value is lower than the premium paid
- Kotak Life Insurance
- Aviva Life Insurance