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Endowment
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4:01
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Insurance Gyan by Turtlemint
What is Endowment Plan ? | Life Insurance
Let's get to know what is an endowment plan. Endowment plans offer insurance security along with good returns. An endowment plan is a type of life insurance plan which offers life cover along with savings benefits. The premium paid towards the plan is split into 2 parts. One part is paid as a premium and another is invested. Insured gets a lump ...
52.6K views
Sep 18, 2021
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1. What is the Double Cover Endowment Plan? The Double Cover Endowment Plan is a value-added endowment policy that offers double the Sum Assured in the event of the policyholder’s death, along with the usual maturity benefits provided by an endowment plan. It also includes yearly bonuses that enhance the total value of the policy over time. 2. Who is eligible to purchase this policy? Anyone between the ages of 18 and 55 can purchase this policy, provided that the age at maturity does not exceed
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