ENDOWMENT PLAN
An endowment plan is a type of life insurance policy that provides both a life insurance plan and a savings account. If you purchase the finest saving plan, you can save regularly throughout time and receive a lump sum payment at maturity. In this plan the policy is for a fixed term & in case of unfortunate death the sum assured with or without bonus as per the policy condition paid to the nominee & if everything goes well than on maturity the Sum assured is paid to the life assured with or without bonus as per the policy conditions. If you have long-term financial goals, like supporting your child’s education, setting up your own business, purchasing a new home, or living a luxurious retirement life, purchasing an endowment plan can help you to achieve them all.