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Top Endowment Plan In India Right Now!

Published On Mar 04, 2022

Endowment plans are a good option for people who want more than life insurance but don't want to spend heavily on a growth agenda or ULIP. You should choose an endowment plan if you wish to save money for a specific life event, such as your children's marriage, higher schooling, homeownership, retirement planning, and so on. The corpus of an endowment plan may not be enough to fulfil all of a family's future demands. As a result, it's preferable to utilize it to supplement your term insurance. The returns on endowment insurance are minimal, therefore they can only be beneficial in the long run. As a result, it is vital to invest time in order to build a sizable corpus.

Top Endowment Plan In India Right Now!

Which Endowment Plans Are the Best in India Right Now?

Here are some of the greatest endowment plans available in India right now:

1. HDFC Life Sanchay Plus 

By methodically arranging critical life stages, HDFC Life Sanchay Plus guarantees guaranteed returns as well as financial security. This policy can help you reach your objectives while also protecting your family's future in the event of a calamity.


  • Returns with a profit guarantee
  • Flexibility of Payments
  • Long-term revenue prospects
  • Extra riders can be added to the plan as an option to improve its performance.
  • There are a range of tax benefits according to the tax regulations.

2. ICICI Prudential Future Perfect Plan 

The ICICI Prudential Future Perfect Plan is a stock market-independent insurance plan. This ICICI Prudential Life Insurance Plan can help you buy a house, provide for your children's financial needs in the future, go on a dream vacation, and eventually retire to a peaceful life. This is an excellent method to save money while keeping your belongings secure. You can save since you know your benefits, perks, and incentives will be guaranteed. You'll be covered as long as your insurance is active. You can also choose the term, frequency, and payment period for your coverage.

3. Canara 4Life Guaranteed Income Plan

Guaranteed Income 4Life from Canara HSBC is a non-linked, non-participating personal insurance product preservation and security plan that offers guaranteed benefits and a monthly salary to help accomplish long- and short-term financial goals.

A fully customizable life insurance product featuring a wide range of terms, premium payment options, and other features that can be tailored to a person's life stage and needs. Whether it's providing everlasting security for you and your family, fulfilling your children's educational needs, preparing you for early retirement, or giving you with the extra cash to ensure that every promise is honoured, we've got you covered.

4. LIC New Endowment Plan 

A non-linked life insurance policy with guaranteed returns and bonuses is known as the New Endowment Plan. The coverage can be purchased for a period of time ranging from 12 to 35 years. Anyone between the ages of 8 and 55 can purchase a policy, which can be renewed until they reach the age of 75.


  • A minimum sum insured of Rs.100,000 is required.
  • A death benefit of at least 105 percent of the total premiums paid is required.
  • The higher of the Basic Sum Assured or 10 times the Annualised premium is the death benefit.
  • There is a rider for accidental death and disability.


As a result of market rivalry, various organizations provide endowment programs that fit your specific financial needs. It's crucial to make your final decision after considering all of your options.

Also read - How Might Endowment Insurance Help In The Growth Of Your Savings?

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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