Endowment Policy is the traditional life insurance policy in the market. It cover the insured for the policy period and upon maturity, the insured receives the sum assured plus the bonus (Reversionary Bonus and Terminal Bonuses), if any. Upon the death of the insured (during the term of the policy), the nominee receives the sum assured plus the bonus, if any. Bonus is paid for the number of years the policy was in force.

Endowment policies give you the following benefits:

• They are low risk plans for life risk coverage
• Maturity benefits are guaranteed
• Gives financial security to your loved ones
• Endowment policies help you avail tax benefits under Sec 80C