Endowment: Overview

This is most popular saving product in which sum assured is payable either on death during the term or at maturity i.e. at the end of the term. The compounding bonus is declared every year and is added to sum assured. Bonus is non-guaranteed and depends upon profitability of insurance co. The policyholder has to select term while taking the policy itself.

Endowment plan is a combination of term plan and saving plan. These plans are also available with limited premium payment term where by you can reduce your premium paying term. Premium in such plans are much higher than term plan. Endowments are considerably more expensive (in terms of annual premiums) than either whole life or term plans. Endowment policies are extremely popular. And we have all of them here.

Endowment: Premium

  • Search across 13 insurers and 45 endowment policies
Get Premium of Endowment Insurance policies offered by all life insuance companies and secure your family's future.

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Endowment: Benefits

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Endowment: Riders

  • Rider, adds the extra bit in life insurance
  • Term Rider

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Get Life Insurance Proposals
Upto 5 providers will offer you alternative proposals based on May 2012 premiums

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Prefered Insurance Cos:
  •  Any 5
  •  I PRU LIFE
  •  AEGON RELIGARE
  •  LIC
  •  BAJAJ ALLIANZ
  •  KOTAK
  •  HDFC
  •  SBI
  •  MAX NEW YORK
  •  BIRLA SUN
  •  METLIFE
  •  TATA AIG

 

 

 

 

 

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A life insurance cover helps you secure the financial future of everyone dependent on your income in the event of your death. Nobody can help overcome the loss of a dear one, but imagine that along with this loss the surviving members of the family are hard-pressed to maintain their lifestyles because they were partially or fully dependent on the income of the deceased. Getting an adequate life cover is absolutely essential if the sum of the total value of your assets (other than the home you stay in) less your total liabilities (including any home loan, car loan or personal loan you might have outstanding) is less than 150 times your current monthly expenses. The shortfall would be the recommended amount of life cover you should seek. At ApnaPaisa, we help you reach out to a maximum of 5 service providers who will propose alternative plans that you can compare based on:


  • Life Cover (also known as Sum Assured)
  • Annual Premium
  • Additional Riders Offered

Often customers get lured into combining their life cover requirements with an investment objective. We do not recommend this approach because it is always a lot more affordable to opt for a term insurance policy and invest the savings on the annual premium into any savings instrument of your choice - be it PPF, Fixed Deposits, Mutual Funds or even shares.


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T R Ramachandran


"A lot of activity is happening on the Internet and it is emerging as an extremely important channel. If you allow for the explanation of the entire process online and make the customer complete the sale online, it will dramatically change the business model," T R Ramachandran, Chief Executive Officer & Managing Director, Aviva Life Insurance India Ltd.

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Decision-making Corner

  • insurance-advice-india/endowment-calculator.html">Returns on Endowment Policy vs. Inflation Calculator
  • Returns on Children's Endowment Policy vs. Inflation Calculator
  • Calculator: Should I Continue My Endowment Policy?
  • Calculator: Should I Continue My Children's Endowment Policy?

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