The most common type of plans available in the market with guaranteed returns are called
Endowment Plans. This plan is actually called
Endowment Assurance Plans. It is hence a combination of Pure Term Plan and Pure Endowment Plan. Pure Term plan has ONLY Death Benefit with no Maturity Benefit, whereas Pure Endowment Plans have ONLY Maturity Benefit with no Death Benefit. However,
Endowment Assurance Plans have Death Benefit if the Life Assured dies within the policy term as well as Maturity...
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