Endowment Insurance

A cushion to your financial loss

These plans are used as tools to fulfil specific goals in one’s life.

These products are suitable for all types of age groups.

Mostly has all basic facilities required by an individual.

These types of policies are suitable for individuals as well as corporates for their employees as part of additional benefit.

SILENT FEATURES

  • Final Additional Bonuses
  • One can add Rider benefits depending upon their need.
  • Survival Benefit
  • All mode of Payments is allowed.

Sanghavi’s Recommendation:

  • Endowment Plans are a must-have in every Financial & Insurance Portfolio as they give better security than other debt instruments with fair returns & risk cover.
  • It secures specific goals in one’s life and is suitable for all ages.
  • The proportion of such products in a financial portfolio is crucial in balancing the risk involved.
Endowment Insurance
Title Description
Details An endowment life insurance policy couples life insurance with savings. Unlike pure term insurance, it provides both death and maturity benefits.
Death Benefit On unexpected demise of the policy holder, nominee will receive benefit from the Insurance Company.
Survival Benefit On survival of the term, policy holder receives survival/maturity benefit from the Insurance Company.


Features and Conditions

Minimum & Maximum age at Entry: Varies from company to company.

Minimum & Maximum Term: Varies from company to company.

Minimum & Maximum Sum Assured: Varies from company to company.

Tax Benefits

Tax Benefits for Individuals: As per Government & Regulatory body’s Guidelines. Benefits under 80C.

Tax Benefits for Corporates: As per Government & Regulatory body’s Guidelines. Benefits under 80C.

Treated as expenses by the Company.



Example: A person aged 21 buys an endowment policy of 25-year term.

Case 1: Death happening at age 40; Case 2: Survives the term


Age at Entry 21 In Case of Death at 40 Maturity at 46

Death Benefit Maturity Benefit
If unexpected demise happens during policy term, nominee receives death benefit plus bonuses if any. Benefits are tax free. If policy holder survives the term, he/she receives survival/maturity benefit plus bonuses. Benefits are tax free.