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ENDOWMENT POLICIES
With endowment assurances, the sum assured plus accrued bonuses are payable on a fixed date- the maturity date-or on the life assured's earlier death.

Our advice
Endowment policies are suitable long term savings and investments if investors do not want their money before the maturity date and will not need to cash in the policy earlier. The best yield on an endowment policy is always obtained by waiting until the maturity date.

The reason for this is that surrender values on life policies are generally on low side. In many cases, the surrender value in early years of a contract will be less than the premiums paid in. Even in later years, the surrender value is often substantially less than the maturity value.

Recurring Option:
The Endowment Plan with a recurring option is a life assurance policy designed in such a way that you benefit from an amount equivalent to 10% or 20% of the Basic Sum Assured every five years.
At the end of the term of the policy, the full basic sum assured plus the accumulated bonuses are paid over and above previous payments. In the event of earlier death there will be the basic sum assured plus accrued bonuses which will be paid to your family.
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