Endowment Plan

Save regularly over a specific period to receive a lump sum payout with endowment insurance policies.

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What is an Endowment Plan?

An endowment plan is essentially a life insurance policy. It provides a combination of an insurance cover and a savings plan. It helps you save regularly over a specific period of time so that you can get a lump sum amount on the policy maturity. Since it also includes life insurance, it will also payout if you pass away during the term.

With a good endowment plan, you are provided with the confidence and tax-free returns to meet emergencies in the future. It will also enable you to meet your non-negotiable life goals, such as meeting your children’s education expenses or allow yourself to live a worry-free life during your retirement years. If you, unfortunately, passed away during the policy term, the money will be given to a beneficiary. Therefore, an endowment plan gives you and your family financial security.

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Why choose the Thaiger?

We understand that choosing life insurance is not an easy task. That’s why we’re here to provide one-stop convenience for all your insurance needs. Experience the quick and cost-effective process by bringing your coverage within one place as we compare and shop the market for you.

We know that no two clients are the same, so we allow you to design and customise your own insurance plan to meet your specific requirements as much as possible. And as your life change, we are also ready to advise you on the changes to policies and coverage for your next policy.

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What Are the Main Benefits of an Endowment Plan?

Save for Rainy Days

Unexpected events can occur in life, causing you uncertainty and causing you to spend money you don’t have. If you start investing and saving now, you will always be prepared.

Invest In your Goals

You should start saving now to achieve your financial goals or to fund your children’s education, whatever your long-term objectives are.

Financial Protection for Your Loved Ones

With endowment plans, you can combine your investment strategy with various insurance tools to ensure that your loved ones have the financial security they need.

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Main Features of an Endowment Plan

Endowment plans offer numerous features for you some of them you may not even know or heard of.

Dual Benefits

With an endowment plan, you are provided with dual benefits of savings and life cover. If you outlive the policy, you are entitled to get the sum assured (survival benefit). If you pass away before the policy’s maturity, your beneficiaries get the sum assured along with bonuses (death benefit).

Guaranteed Savings

An endowment plan helps you build a corpus for the future as it gives you fixed returns. The returns are higher than a pure life insurance policy, whether it is the survival benefits or death benefits.

Premium Flexibility

The premium payment of endowment plans is flexible. You can choose to do it monthly, every 6 months, or on a yearly basis.

Flexible Cover

You can add riders to the primary plan and enhance the life cover, such as critical illness, total permanent disability, and accidental death.

Zero Risk

An endowment plan offers zero risks for you. All your benefits are safe as long as you pay premiums on time.

Why Should You Get An Endowment Plan?

An endowment plan offers numerous benefits for you and your family. You should consider getting this plan if:

– You want to save for a particular goal over the long term and get tax benefits.
– You are looking for a low-risk plan with dual benefits of insurance and investment.
– You want zero risks in investment.
– You want lump sum pay out for your long-term goals.

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