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Why Compare Endowment Plans with us?
There are a large number of endowment plans in the market with different variants. Benefits also can come in a large number of ways - lumpsum, spread over a period of time or for the rest of your lifetime. It becomes difficult to compare the benefits and zero-in on the plan which will best suit your interests.
At MyInsuranceClub, we will help you select the best endowment plan with the optimum premium. You can compare premiums and features with the click of a few buttons and then make an informed buying decision.
Easy comparison of plan features & premiums
Better understanding of plan benefits
Our comparison is completely un-biased
MyInsuranceClub does this for you at no cost - It's Free!
Thank you for your advice for selecting a good endowment plan. Thanks for explaining the tax benefits also in such a simple manner.
- Bala Reddy, Hyderabad
Large number of plans are on display and it is simple to select a better plan by comparing their features & premiums. Save money.
- Jithesh Madathil, Madurai
Thank you for all the help provided by your team. I was able to select the correct plan at far lower premiums than what my agent was suggesting.
- Sagar Ratna, Jaisalmer
Your staff was very helpful and knowledgable. They helped me identify a good plan for my savings. Thanks. Very useful site for all.
- Sujit Rana, Ludhiana
What is Endowment Insurance?
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.
Benefits of Endowment Plans
Endowment plans offer a safe and tax free way to invest your money and get insurance cover at the same time. So for those looking to save tax and are not comfortable with mutual funds etc. find this as an attractive mode of investments. Also it forces long term savings and ensures that the money returned at the end of the policy term is a handsome amount.