Article

Endowment Plan
June 07 , 2012

Endowment plans are a type of traditional life insurance plan with a fixed period of enrolment. A portion of your premium goes to give you a small life cover. The rest goes to the insurance companys fund. In return for this, if the policy holder survives the full period, an assured sum is given back. This assured sum is typically more-or-less equal to your total premiums paid. Even if there are bonus additions in the interim, the returns rarely exceed about 4% in such plans.

Overall, these are very poor on both the investment front (due to very low returns) and the insurance front (since the cover they provide is too small). There are other, far better products available in the market today for both your insurance and your investments.

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