It has both death and a survival benefit component.
Endowment is primarily a savings programme, which is protected by provision of insurance against the contingency of premature death.
The plan is also made attractive because of the provision for deduction of premiums for tax purposes.
Variants of Endowment Assurance plans
Endowment is primarily a savings programme, which is protected by provision of insurance against the contingency of premature death.
The plan is also made attractive because of the provision for deduction of premiums for tax purposes.
Variants of Endowment Assurance plans
- Money Back Plan
- Par and Non- Par Schemes
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