Endowment Plans

  • Home
  • Endowment Plans

What is an endowment insurance plan?

An insurance plan only offers death benefit at the demise of the policyholder. However, an endowment plan is a unique kind of insurance plan that combines investment with insurance. If the policyholder survives till the expiry of the endowment plan, he/she will receive the sum assured with the bonus as maturity benefit. In case the policyholder dies before the maturity period, the endowment plan will pay the death benefit to the beneficiaries. Thus, endowment policy is a lucrative instrument with dual features of savings and financial protection.

Endowment plans come with higher premiums as they yield higher returns in the form of ‘sum assured’ as compared to a standard insurance plan.

image

Why should one purchase an endowment plan?

Endowment policyholders enjoy maturity benefits at the end of the policy term. The lump sum amount facilitates in fulfilling your financial needs and life goals like higher educational expenses, funding a trip, or purchasing a house or a vehicle. The corpus accumulated over the tenure of the policy helps you meet your long term financial goals.

The endowment plan also protects your dear ones from financial uncertainties, should any unfortunate event befall. Your family is covered against all risks, and the endowment policy cushions them from financial hardships.

Following are the benefits of an endowment plan:

  • Coverage from risks
  • Maturity Benefits
  • Availability of Loans
  • Tax-Saving Benefits

General Endowment Plans

  • Single Premium Endowment Plan

    LIC's Single Premium Endowment Plan is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. This combination provides financial protection against death during the policy term with the provision of payment of lumpsum at the end of the selected policy term in case of his/her survival. This plan also takes care of liquidity needs through its loan facility.
    For more details:Click here

  • Jeewan Anand

    New Jeevan Anand(915) Plan is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lump sum at the end of the selected policy term in case of his or her survival.
    For more details:Click here

  • Jeewan Labh

    LIC's Jeevan Labh is a limited premium paying, non-linked, with-profits endowment plan which offers a combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder. This plan also takes care of liquidity needs through its loan facility.
    For more details:Click here

  • Jeewan Lakshya

    LIC's Jeevan Lakshya is a participating non-linked plan which offers a combination of protection and savings. This plan provides for Annual Income benefit that may help to fulfill the needs of the family, primarily for the benefit of children, in case of unfortunate death of Policyholder any time before maturity and a lump sum amount at the time of maturity irrespective of survival of the Policyholder. This plan also takes care of liquidity needs through its loan facility.
    For more details:Click here

  • New Endowment Plan

    LIC's New Endowment Plan is a participating non-linked plan which offers an attractive combination of protection and saving features. This combination provides financial support for the family of the deceased policyholder any time before maturity and good lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.
    For more details:Click here

  • Aadhaar Stumbh

    This is a regular premium paying Non-linked, With-Profits, Endowment Assurance plan.This Plan is exclusively designed for MALE LIVES having Aadhaar Card issued by UIDAI.This plan shall be available to standard lives only without any medical examination and the total Sum Assured under all the policies issued to an Individual under this plan shall not exceed Rs. 3 lacs.
    For more details:Click here

  • Aadhaar Shila

    This is a regular premium paying Non-linked, With-Profits, Endowment Assurance plan. This Plan is exclusively designed for FEMALE LIVES having Aadhaar Card issued by UIDAI. This plan shall be available to standard lives only without any medical examination and the total Sum Assured under all the policies issued to an Individual under this plan shall not exceed Rs.5 lacs.
    For more details:Click here

  • Jeevan Umang

    LIC's Jeevan Umang Plan is a non-linked, with-profits whole life assurance plan.This plan provides for annual survival benefits from the end of the premium paying term till maturity and lump sumpayment at the time of maturity or on death of the policyholder during the policy term.
    For more details:Click here

जिंदगी के साथ भी.....

जिंदगी के बाद भी

Message Us

Do You Have Any Questions

If you have an idea, we would love to hear about it.