Top 10 Endowment Plans In India 2021

Published On Mar 05, 2021 12:00 AM By InsuranceDekho

An endowment policy is a form of life insurance plan that offers investment benefit along with a life cover. It helps you build a significant savings corpus for your family while keeping them financially shielded in your absence. The benefits of an endowment plan can be received as a lump or in the form of instalments depending on the plan chosen. In this article, we have listed the top 10 endowment plans available in India in 2021.

Also Read:- How Do Endowment Plans Generate Returns?

Top 10 Endowment Plans In India 2021

Below is the list of the most popular Endowment Plans in India 2021:

Plan Name

Best Plan Features

Reliance Endowment Plan

  • Amount Guaranteed plus maturity bonuses, subject to 100.1% of the premiums paid.
  • Death payout 10 times the annualized premium or base Amount Guaranteed plus incentives. Either that, or 105% on all premiums paid.
  • Term of policy from 10 to 25 years.
  • Loan against policy available

Kotak Classic Endowment Plan

  • A participating endowment policy offering compensation for up to 75 years of life insured.
  • Annual incentives for the first year.
  • Broad variety of options for terms.
  • Payment incentives under Sections 80C and 10(10D) of the Income Tax Act, 1961.
  • Riders are available to improve security.

Kotak Premier Endowment Plan

  • Receive 5% p.a. (simple) of basic Amounts Assured as Guaranteed Additional rules within the first 5 policy years.
  • Bonuses will accrue from the 6th policy year onwards.
  • Regular or limited period of payment of premiums for 5, 7, 10 or 15 years for various term variations.
  • There are 7 additional riders available.

LIC New Endowment Plan

  • Minimum guaranteed amount of Rs.1,00,000.
  • Death benefits not less than 105% of the gross premiums charged.
  • The death gain is higher than the standard Amount Guaranteed or 10 times the annualized premium.
  • Accidental death and injury riders are available.

Shriram Life Insurance - New Shri Life


  • Life cover and reversion bonuses.
  • Advance payment of the premium option with a discount.
  • Additional safety available via riders.
  • Minimum Sum Guaranteed of Rs. 50, 000.
  • Monthly, quarterly, half-yearly and annual forms of payment of premiums.

Aviva Dhan Nirman Endowment Plan

  • This is a conventional savings policy where bonuses have been announced.
  • Guaranteed regular installments, calculated as a percentage of the annual premium, shall be received until the payment of the premium has been made.
  • Easy reversion incentives are given every year under the scheme.
  • The policyholder can select either term from a choice of 4 possible terms and the premiums are charged for a fixed term.
  • Higher Sum Assured levels also attract premium refunds.

Aegon Religare Endowment Policy

  • This is the Traditional Endowment Plan for the Bonus Facility
  • Bonus will only accrue if premiums for the first three years have been paid but the policy participates in the Bonus for the first policy year itself.
  • 200% of the Sum Assured is granted as a death benefit if the life insured dies before the policy matures.
  • At the end of the policy term, 100% of the Sum Assured would be paid as a maturity benefit.

Birla Sun Life Insurance-Vision Endowment Plan

  • Quick reversion incentives are applied to the package.
  • Premiums are only due for a short amount of time.
  • There is a built-in Accidental Death Benefit rider providing extra Amounts Guaranteed in case of accidental death.
  • Comprehensive coverage can be selected from the alternative rider available under the package.
  • Premium concessions are granted for higher Sum Guaranteed amounts and premium pay frequencies.

Bharti AXA Life Elite Advantage Plan

  • Guaranteed Pay-out-8.5% to 9.5% from the close of the policy period and 100% Amount Guaranteed at maturity.
  • Amount Assured-100 percent of Sum Promised on Maturity is charged at the end of the 20th year of the reform date.
  • Flexible Premium Paying Periods – 5, 7 and 12 years.
  • Payment benefits-under Section 80C and Section 10(10D) of the Income Tax Act

Future Generali Assure Policy

  • This is a contributing endowment policy
  • The minimum subscription period of the premium shall be 5 years under this scheme.
  • On survival until the end of the policy period, the policyholder shall earn the Amount Guaranteed + Assured Compounded Reversal Bonus as Maturity Value.
  • If the life insured dies within the insurance duration, the candidate will collect the Amount Guaranteed + accumulated bonus as the death benefit.
  • There are six extra riders in this scheme.

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