The endowment life insurance policy covers the risk and offers returns after the maturity. If there is a risk, the sum assured will be paid to the policyholder. The lump sum that you obtain through the maturity will be used for life’s important events such as children’s education, children’s marriage and funding the retirement. The endowment plan will fulfill the dual need of the insurance and the lump sum benefit. The policyholder will enjoy the tax benefits under Section 80C and Section 10 (10D). Benefits of endowment insurance plan · The endowment polic y covers the risk · Risk-free assured returns · Offers financial protection to their loved ones · Ensures savings to meet the life’s milestones · To build corpus for a long-term · ...