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Compare Best Endowment Plans In India

Published On Jul 12, 2021 8:13 PM By InsuranceDekho

An endowment plan is a dual savings and insurance strategy wherein the money insured plus bonus is paid to the nominee if the policyholder dies within the time period.

However, if the policyholder lives through the maturity date, the sum insured is released to them.

It is regarded as a safe bet for investors with a low risk tolerance.If you're looking to buy a suitable endowment plan for yourself, here is a comparison of some of the top endowment plans In India to assist you in making your decision.

Comparison of Best Endowment Plans In India

Below, you can find a detailed comparison of the best endowment plans available in India - 

Endowment Plans

Entry Age

Premium Payment Mode

Claim Settlement Ratio (CSR)

Reliance Life Insurance Super Endowment Plan

8 Years( Min) - 60 Years( Max)

Yearly, half-yearly, 

quarterly and monthly mode


Kotak Premier Endowment Plan

18-  60 Years

Yearly, half-yearly, 

quarterly and monthly 


HDFC Life Sanchay Plus

5-60 Years

Annual, half-yearly, 

quarterly and monthly 


Max Life Life Gain Premier

18- 50 years for 25 year Policy Term

Annual, semi- annual, quarterly and monthly 



  • Reliance Life Insurance Super Endowment Plan

Super Endowment Plan by Reliance Life is a non-participating, non-linked endowment plan. This Plan provides you with the financial security you need to pursue your goals in the future.

It allows you to set aside a specific amount as your Sum Assured based on your present financial situation and anticipated future expenses.

Key Features

  1. Basic sum assured on maturity or death
  2. Pay only half of the selected policy term and get full policy coverage
  3. Premium frequency Discount
  4. Wide range of Riders
  5. Loan facility 

Additional Riders

  1. Reliance Term Life Insurance Benefit Rider
  2. Reliance New Major Surgical Benefit Rider
  3. Reliance New Critical ConditionsBenefit Rider
  4. Reliance Life Insurance Family Income Benefit Rider
  5. Reliance Accidental Death and Total and Permanent Disablement Rider
  • Kotak Premier Endowment Plan 

Kotak Premier Endowment Plan is a long-term savings and protection plan that gives financial security and the capacity to save for future financial needs, as well as the ability to cope with unforeseen occurrences. This plan provides guaranteed additions for the first five policy years, with bonuses beginning in the sixth year. All of this adds up to a corpus for your secure future.

Key Features

  1. Guaranteed Additions
  2. Earn bonus from 6th policy year onwards
  3. Multiple premium payment term options
  4. Additional Protection through a wide range of optional riders

Additional Riders

  1. Kotak Accidental Death Benefit Rider 
  2. Kotak Term Benefit Rider
  3. Kotak Permanent Disability Benefit Rider
  4. Kotak Critical Illness Benefit Rider
  5. Kotak Life Guardian Benefit Rider
  6. Kotak Accidental Disability Guardian Benefit Rider
  • HDFC Life Sanchay Plus

It is a non-linked, non-participating savings plan that offers financial security by meticulously planning for life's milestones. For you and your family, HDFC Life Sanchay Plus offers guaranteed returns.

Key Features

  1. Guaranteed benefits on the returns 
  2. Flexibility of Payouts
  3. Long term income options
  4. Optional additional riders to upgrade the performance of the plan
  5. Tax benefits, as per the tax laws.

Additional Riders

  1. HDFC Life Income Benefit on Accidental Disability Rider 
  2. HDFC Life Critical Illness Plus Rider 
  • Max Life Life Gain Premier

It is a traditional participating endowment Insurance Plan that recognizes the importance of significant milestones in your life and can assist you in making financial preparations for them. Max Life Life Gain Premier can assist you in saving and building a corpus in a systematic manner.

Key Features

  1. Flexible Premium Payment Terms and Policy Terms
  2. Flexible Bonus Option
  3. Guaranteed Maturity Benefit
  4. Guaranteed Death Benefit
  5. Terminal Illness Benefits

Additional Riders

The Max Life Payor Rider: This rider assures that the coverage is maintained even if the Payor dies or becomes totally and permanently disabled. This rider is only available if the Policyholder is not the Life Insured.

Take Away

There are numerous endowment plans available on the market, each with its own set of features. All plans available on the market must be compared and evaluated for their benefits. The table above will assist you in choosing the finest endowment plan with an affordable premium.

Also read 

Steps To Buy Endowment Insurance Plans Online

Tips To Buy Endowment Insurance Plans Online at InsuranceDekho

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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