Endowment Insurance Plans are what traditional insurance plans are all about. It provides an insurance cover to the policy holder during the term of the policy and at the end of the term returns a handsome sum of money back to the policy holder. Endowment plans are for investors who are not looking for very high returns but want guaranteed returns at the end of the policy term. They are good long term investment tools which provide bulk amounts on maturity.

Endowment Plans work best if taken for 15 to 20 years as the accumulation period is then substantial which results in a high maturity amount at the end of the policy term. The maturity amount can be used to fund some large expenses like child's higher education or marriage or even an amount which will be useful when you are close to retirement.

Endowment Plans offer Guaranteed Additions and Bonuses in addition the Sum Assured which get added to the policy holder's account every year. These benefits along with the Tax Savings make this life insurance policy a very attractive investment tool.