Benefits of Endowment Life Insurance Policy?

An endowment policy will provide insurance cover during the policy term.

Endowment policies enable long-term savings.

With an endowment policy, you can be assured of receiving a considerable amount upon maturity.

An endowment policy will pay out a sizeable lump sum amount at the end of the policy term i.e. once the policy has matured.

Policy holders have the options of choosing for additional riders which provide cover for specific illnesses, critical illnesses, disabilities, etc.

In terms of investing, endowment policies are relatively safer than other types of investments and offer returns which are close to those offered by mutual funds.

An endowment policy works to serve a dual purpose. Not only does it work as an insurance policy but also serves as a long-term investment offering decent returns.

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