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Module 09 Endowment Plans
Ch. 2: Everything You Need To Know About Endowment Plan
10 min Read
18 Apr 2023
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Index
Why You Should Invest in Endowment Plans?
What Are The Types of Endowment Plans?
What Are The Benefits of Endowment Plans?
Riders Available With Endowment Plan
Customization Options Available in Endowment Plans
Bonus in Endowment Plans: Know It's Types & Calculation
Exclusions & Inclusions of Endowment Plans
Surrendering Endowment Policy: All You Need To Know
What is Reduced Paid-Up in Endowment Plan?
How to claim Endowment Plans?
How does the Endowment Plan Work?
Things to keep in mind before buying Endowment Plans
Where to buy Endowment Plans?
Difference Between Endowment Plans and Money-Back Plan
Let’s talk about endowment plans in detail.
Maturity Benefit
Death Benefit
Loyalty Additions
Guaranteed Additions
Bonuses
Joint Life Option
Let’s look at an example to understand Endowment Plans better.
Get Guaranteed Returns After a Month^
Unlock the Power of Smart Investment!
Looking to buy Endowment Plan
ABSLI Nishchit Aayush Plan
Guaranteed Income
Lumpsum Benefit at policy maturity, in addition to Income
Life Cover across policy term
Get:
₹35 lakhs²
Pay:
₹10K/month for 10 years
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Disclaimer
1Sec 10(10D) benefit is available subject to fulfilment of conditions specified therein
⁴ Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
^ ABSLI Fixed Maturity Plan: Scenario: Rs. 1,50,000 Single Premium (exclusive of GST), Male, Age 32, Plan Option A, Policy Term : 10 years. Maturity Benefit: ₹274,575.
ADV/3/22-23/3814