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Which are the Best Endowment Insurance Plans In India in 2021?

Updated On Jul 02, 2021

An endowment plan is a two-pronged strategy that provides you with both savings and insurance protection. If the policyholder dies during the time period, the sum insured plus bonus is given to the nominee. 

The sum assured is released to the policyholder if they outlive the date of maturity.

It is considered a prudent choice for investors with a low risk appetite. In this article, we have compared and presented to you the top plans endowment offered by different companies in the market.

Top Endowment Plans of 2021

Mentioned below are the top rated Endowment plans of the year 2021 

Endowment Plans

Entry Age( Minimum- Maximum)

Premium Payment Frequency

HDFC Life Sanchay Plus

5- 60 Years

Half-yearly, Quarterly, Monthly

Bajaj Allianz Life Super Life Assure

Super – 18 years 

Life - 0 years To 

Super – 50 years 

Life - 55 years

Yearly, Half yearly, Quarterly and Monthly

Aviva Dhan Nirman Policy

4- 50 Years

Annual, Half yearly, Quarterly, Monthly

ICICI Pru Savings Suraksha

0- 60 Years

Annual, Half-yearly, Monthly

Kotak Classic Endowment

0-  55 Years

Yearly, Half yearly, Quarterly, Monthly


  • HDFC Life Sanchay Plus

HDFC Life Sanchay Plus offers guaranteed returns along with financial security which is achieved through rigorous preparation of important life stages. This policy can assist you in achieving these objectives while also protecting your family's future in the event of an unforeseen tragedy.

Key Features:

The key features of this plan are:

  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.
  • Bajaj Allianz Life Super Life Assure

Bajaj Allianz Life Super Life Assure is a non-linked, individual, participating endowment savings plan with regular premium payments. This plan gives you the best of both worlds: complete security and mandatory savings for your own financial goals.

Key Features

The salient features of this plan are: 

  1. Multiple policy term options
  2. Choice of 2 plan variants: Super and Life – to secure your family’s financial  future
  3. Monthly income benefit incase of unfortunate death 
  4. Offers Annual bonuses
  5. Option to add Riders
  6. Special rates for female policyholders
  • Aviva Dhan Nirman Policy

It is a non-linked participation savings and cum protection orientated plan that provides a steady source of income as well as a lump payment with bonus at maturity.

Key Features

Following are the features of Aviva Dhan Nirman endowment policy

  1. Guaranteed annual payouts to meet regular income needs 
  2. Annual reversionary bonus 
  3. Guaranteed lump sum payout at maturity 
  4. Comprehensive financial protection 
  5. Premium rebate on choosing a Sum Assured of `5 Lac and above.
  • ICICI Pru Savings Suraksha

ICICI Pru Savings Suraksha is an ideal savings and protection oriented plan for you.

It allows you to select a premium payment plan based on your requirements. Premiums can be paid for a specific period or for the entire policy term.

Key Features

The primary features of ICICI Pru Savings Suraksha are:

  1. Protection for the entire policy term
  2. Savings Benefits
  3. Flexibility regarding premium payment term and premium payment mode
  4. Sum Assured on death and policy term
  5. Avail Tax benefits according to the prevailing law
  • Kotak Classic Endowment 

This Plan is a long term protection cum savings plan that offers protection benefits while earning Bonuses during the policy term.

Key Features

The key features of this plan are:

  1. Participating endowment plan offering protection up to the age of 75 years
  2. Earn yearly bonus provisions from 1st policy year
  3. Flexibility to pay premiums
  4. Option to enhance protection through a wide range of Riders
  5. Tax benefits according to section 80(C) and 10(10D) of the Income Tax Act
  6. More value for money through discount for high Sum Assured on maturity

Take Away

Motivated by the competition in the market, different companies offer endowment plans that cater to your specific financial needs. It is important to arrive at the final decision after presently comparing all the options available.

Also read 

Does It Make Sense To Surrender An Endowment Policy?

Why Buying Endowment Plans Online Is A Good Option?

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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