Service Details
Endowment Life Insurance is a dual-purpose policy that combines life protection with a long-term savings component. It pays a lump sum either upon the death of the insured or at the end of a specified policy term, whichever comes first.
This policy is often used to achieve key financial goals such as retirement planning, children’s education, or future investments. Even if the insured survives the policy term, the maturity benefit is paid out, offering both protection and a disciplined savings plan. Endowment Life Insurance ensures financial stability and peace of mind — safeguarding loved ones while also building future wealth.
Frequently Asked Question
A: Unlike traditional life insurance that only pays upon death, an endowment policy also provides a lump-sum payout if the insured survives the policy term. This makes it both a protection and savings plan.
A: It’s often used to secure financial milestones such as funding a child’s education, saving for retirement, or creating a guaranteed sum for future financial security.
A: If the insured lives beyond the policy period, the maturity amount — including the sum assured and any bonuses — is paid to the policyholder as a financial benefit.
Service Included
- Life Protection
- Savings & Investment Component
- Maturity Benefit
- Goal-Oriented Financial Planning