Endowment Plan
Endowment Plan is a unique life insurance policy that not only provides financial protection but also helps you save for the future. This plan guarantees fixed returns at the time of purchase and can be used to achieve various goals such as buying a house, funding your child's education, or starting a new venture.
It includes a death benefit, ensuring that if the policyholder passes away during the policy term, the nominee receives the sum assured and any accumulated bonuses. On the other hand, if the policyholder survives the term, they receive the sum assured and accumulated bonuses.