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Best High-Return Endowment Plans To Opt For In 2021

Updated On Jun 14, 2021

Endowment plans are a great way to save up your current earning for future financial stability. They provide benefits as well as a protective cover against the many uncertainties of life. The earlier you start saving with an endowment plan, the higher will be your gains. Old age brings in more risks and the endowment plan might get costlier.

High returns ensure you get the best out of your savings. By keeping aside a regular amount, you can get a substantial benefit after a while. It is helpful not only for yourself but also for your family members.

High Return Endowment Plans To Opt For in 2021

High returns are the focal feature of endowment plans. The higher the returns, the more beneficial it will be to your savings. Take a look at some of the best high return endowment plans you can opt for in 2021.

Endowment Plan Name

Insurance Provider Name

LIC’s New Jeevan Anand Policy

Life Insurance Corporation of India

Elite Advantage Plan

Bharti AXA Life Insurance

Premier Endowment Plan

Kotak Life Insurance

Insurance Vision Endowment Plan

Aditya Birla Sun Life Insurance

Shubh Nivesh Plan

SBI Life Insurance

Factors to Consider While Choosing An Endowment Plan

Buying an endowment plan takes careful consideration of several crucial factors. Although high returns are a top priority, here are some other factors that you must consider:

  • Claim Settlement Ratio

The claim settlement ratio for any endowment plan tells you about the percentage of claims that get settled by the insurance company against the total number of claims filed. The higher the claim settlement ratio, the better is the endowment plan. Plans with a lower claim settlement ratio might lead you to face claim rejections.

  • Premium Payment Flexibility

Before settling for a plan, make sure to go over how much flexibility you have in premium payment. Flexibility in terms of frequency of payment and amount is important for the plan to be sustainable. Make sure they fit your financial capabilities. 

  • Guaranteed Additions and Bonuses

Different endowment plans have different guaranteed additions and bonuses that they provide to all policyholders. These incentives are great to keep the endowment plan going on. Browse through multiple endowment plans to see which of them is offering the best bonuses and additions. 

Also read 

Does It Make Sense To Surrender An Endowment Policy?

What Is An Endowment Plan’s Premium?

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.    

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