Endowment Insurance Policy

Endowment Insurance Policy

Endowment Plans

Endowment Insurance Policy

Endowment Insurance pay a lump sum amount after a specific term or on death. Typical maturities are Ten, Fifteen or Twenty Years. Some also reimburse in case of critical illness.
Endowment policies are generally with profits or without profit ie with fixed bonus.
Endowment policies can be cashed in (or surrendered ). The surrender value depends on the term the policy has been active and the amount paid into it.

Posted in Life Insurance.

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