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Top Endowment Plans Available In India

Published On Nov 10, 2021

Endowment life insurance policies offer a lump sum payment at maturity by combining term life insurance with a savings program. Consumers should study the fine print before choosing if this is the best way to save for their children's education.

Because endowment plans are more expensive than term insurance, the cost of premiums is also a deciding consideration. The insurance provider's track record in terms of bonus payouts is an essential consideration after premium cost.

Aside from that, the insurance provider's customer service, claim settlement rate, and financial strength are all crucial factors to examine. Choose endowment insurance that is simple to comprehend and does not include features or benefits that are difficult to comprehend, as the policy's finer subtleties may be forgotten.

There is no investment or interest rate risk with endowment life insurance policies. Low-risk investments, on the other hand, are typically low-returning. To put it another way, you won't be able to pay for college because you won't be able to save enough money. Because the gains on endowment life insurance policies are taxable, your funds might not even keep up with inflation.

Top Endowment Plans Available In India

Below are a few top Endowment Plans available in India:

  • ICICI Prudential Future Perfect Plan

The ICICI Prudential Future Perfect Plan is a non-stock-market-linked insurance plan. This ICICI Prudential Life Insurance Plan can help you achieve your goals of purchasing a home, providing for your children's financial requirements in the future, enjoying a dream vacation, and eventually retiring to a peaceful life. This is an excellent approach to save money while simultaneously ensuring the safety of your valuables. You can save since you know your benefits, perks, and incentives will be guaranteed. You'll be protected for as long as your policy lasts. You can also choose the length, frequency, and payment period of your coverage.

  • HDFC Life Sanchay Par Advantage Plan

The HDFC Life Sanchay Par Advantage Plan is a comprehensive life insurance policy that covers you for your entire life. Insurance is a one-stop-shop for securing a consistent income and accumulating savings. It also safeguards the assured's future without requiring any sacrifices on the part of the assured.

The HDFC Life Sanchay Par Advantage Policy provides the following major benefits:

Maturity Benefit- The maturity benefit is awarded when the insurance policy reaches the end of its term and all required policy premiums have been paid in full. If the assured person dies during the policy period, the death benefit will be paid to the nominee/beneficiary.

Any accruing Cash Bonuses (if not paid sooner), the interim Survival Benefit (if applicable), and the Terminal Bonus (if applicable) will all be multiplied by the Maturity Sum Assured (if stated). The type of revenue option you choose will affect the amount of money you make.

  • Canara Guaranteed Income 4Life Plan

Guaranteed Income 4Life by Canara HSBC is a non-linked, non-participating individual life insurance savings and protection plan that provides guaranteed benefits and monthly income to help accomplish long- and short-term financial goals.

A fully customizable life insurance plan with 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 lifelong security for you and your spouse, fulfilling your child's educational needs, preparing you for early retirement, or giving you the additional cash to make sure every promise is honored, we've got you covered.


An insurance policy with both an investing and a death benefit is known as an endowment policy. It enables you to accumulate sizable savings account for your family while also ensuring their financial security in case that you are unable to provide for them. Depending on the plan chosen, the benefits of an endowment plan might be obtained in one lump sum or in installments.

Also read: Benefits Of An Endowment Policy Which Makes It A Must Have

How To Buy the Right Endowment Plan?

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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