Aditya Birla Sun Life Insurance Company Limited

Module 09

Endowment Plans

Chapters

Ch 1.

Module 09 | Chapter: 01

What is an Endowment Plan?

7 min Read

An endowment plan is a type of insurance plan that offers life insurance and saving benefits. Read the guide to know about the endowment plan with an example in detail.

Ch 2.

Module 09 | Chapter: 02

Why You Should Invest in Endowment Plans?

5 min Read

Life is beautiful, but oh-so-challenging. Our daily newspapers are riddled with all sorts of negative headlines — ever-rising inflation, job cuts, spiralling living costs, among others.

Ch 3.

Module 09 | Chapter: 03

What Are The Types of Endowment Plans?

6 min Read

Anish is looking to buy a laptop for himself. When he searches online, he comes across a wide range of laptops. While some laptops are general-purpose laptops, some are workstation laptops, and some laptops are specifically designed for gaming purposes.

Ch 4.

Module 09 | Chapter: 04

What Are The Benefits of Endowment Plans?

8 min Read

Endowment plan provides insurance coverage and also helps you build a savings fund. Read this guide to know the benefits of Endowment Plans in detail.

Ch 5.

Module 09 | Chapter: 05

Riders Available With Endowment Plan

8 min Read

Extra pepperoni on your pizza, some fudge sauce and whipped cream on ice-cream sundaes, the latest Marvel character on your t-shirt, and your favourite quotes on bookmarks.

Ch 6.

Module 09 | Chapter: 06

Customization Options Available in Endowment Plans

7 min Read

If you’ve ever been to Starbucks, you would know how you can customise your drink as per your choice. If you don’t like too much ice in your drink, you can ask for light ice.

Ch 7.

Module 09 | Chapter: 07

Bonus in Endowment Plans: Know It's Types & Calculation

8 min Read

Sometimes, it's the little things that mean the most to people. In light of this, many companies often offer promotional offers with any product or service they advertise.

Ch 8.

Module 09 | Chapter: 08

Exclusions & Inclusions of Endowment Plans

6 min Read

Imagine that you order your favourite cookies from an e-commerce website. However, the package arrives with damaged cookies.

Ch 9.

Module 09 | Chapter: 09

Surrendering Endowment Policy - Know it's Types and How it is Calculated | ABSLI

8 min Read

Ria, a banker, bought an endowment plan two years ago with the aim of accumulating enough funds to buy an apartment. Over the last two years, her liabilities have grown to a point where she can’t afford the premiums, and also, she no longer feels the need for an apartment.

Ch 10.

Module 09 | Chapter: 10

What is Reduced Paid-Up in Endowment Plan?

12 min Read

Buying an insurance policy is a long-term decision. You have to pay premiums for a certain number of years and this money is locked in until you receive the benefits of the policy.

Ch 11.

Module 09 | Chapter: 11

How to claim Endowment Plans?

6 min Read

An Endowment Plan provides a disciplined route for investments. It fulfils your dual need for a life cover and savings under a single roof.

Ch 12.

Module 09 | Chapter: 12

How does the Endowment Plan Work?

12 min Read

Endowment plans is a risk-free investment, but before making investment understand know how it works. Read this guide to know about it in detail.

Ch 13.

Module 09 | Chapter: 13

Things to keep in mind before buying Endowment Plans

12 min Read

An Endowment Plan is an investment coupled with an insurance policy. It offers you the best of both worlds. It helps secure your family’s financial future as well as save for your long-term goals.

Ch 14.

Module 09 | Chapter: 14

Where to buy Endowment Plans?

6 min Read

Endowments Plans can be purchased from various sources. Read the guide to know the pros and cons of purchasing endowment plans.

Ch 15.

Module 09 | Chapter: 15

Endowment Plans Vs. Money-back Plans: Know the difference

9 min Read

Understand the difference between endowment plans and money-back plans in detail to make wise financial decision. Read this guide to know the similarities and difference between the both.

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Disclaimer : ABSLI Nishchit Aayush Plan (UIN No 109N137V12) is a non-linked non-participating individual savings life insurance plan.
^ Provided 0 year deferment & Annually in Advance payout frequency is chosen at the time of inception of the policy. Annually in Advance payout frequency is only available in "Annual" premium payment mode. ^*Male- 25 yrs invests in ABSLI Nishchit Aayush Plan with Level Income + Lumpsum Benefit. He chooses premium payment term 10 yrs , policy term 40 years, benefit option -Long Term Income, Sum Assured 7 times of Annualized Premium and Deferment Period 0 years. Annualized Premium is ₹1,00,000 (Exclusive of GST.). Annual Income of ₹ 32,750 (32,750*40=  13,10,000) + Maturity Benefit (₹20,00,000)= ₹ 33,10,000 ADV/3/24-25/3076.