Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
An endowment plan is a life insurance policy combining life cover with a savings component, paying a lump sum on maturity or death, whichever occurs first.
A life insurance plan that also pays you a lump sum if you survive the full term.
Returns are generally lower (often 4–6% XIRR) than pure investment products because part of the premium funds insurance costs; frequently criticised by planners for mixing insurance and investment inefficiently.
A 20-year endowment plan pays the sum assured plus bonuses on survival, or the sum assured to the nominee if the insured dies earlier.
A life insurance plan that also pays you a lump sum if you survive the full term.
Endowment Plan helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.