Best Endowment Plans You Can Own In 2021

Endowment plans are a popular form of insurance. This is for good reason too as they have several benefits. Not only do they help policyholders save up their earnings, but also in wealth appreciation. With the several kinds of benefits available, it is not only a great insurance option for the policyholder but also their family members.

Endowment plans provide guaranteed additions that help your savings grow. Moreover, they also have risk-free returns. With many such advantages, endowment plans definitely make for a good purchase. 

Best Endowment Plans For 2021

The following are the best endowment plans that you can buy in 2021.

1. LIC New Endowment Plan

The New Endowment Plan from LIC is an affordable and efficient endowment plan. Not only does it offer several benefits but also the opportunity to purchase Accidental Death and Injury Riders to enhance the base plan. This plan also has a minimum Sum Assured of 1 Lakh INR which is a substantial amount. 

2. Aegon Religare Endowment Policy

The Aegon Religare Endowment Policy is a traditional endowment plan. It pays out a death benefit as well as a maturity benefit. Under this plan, you can also receive Bonuses. The Bonuses are accrued over the policy term and paid put with the death or maturity benefit.

3. Bharti AXA Elite Life Advantage Plan

Under the Bharti AXA Elite Life Advantage Plan, you will not only get a maturity benefit but also a guaranteed addition at the end of the policy term. Your savings are also protected by Tax Benefits as regulated by the Income Tax Act of India. By paying a regular premium over the duration of a premium-paying term of your own choice, you can avail of this insurance plan.

4. Future Generali Assure Policy

The Future Generali Assure Policy is a contributing endowment policy. Not only do you get the usual death and maturity benefits, but you can also purchase from six different riders. This makes the plan very flexible and comprehensive. The Guaranteed Additions also contribute to your savings corpus. 

5. Reliance Endowment Plan

With the Reliance Endowment Plan, you can easily take a loan. This facility, along with its many other benefits, helps make it a very profitable buy. The policy term can be spread from 10 years to up to 25 years.

Conclusion

An endowment plan is helpful for everyone looking for a good insurance option. The above-mentioned plans are some of the best endowment plans available. It is always advisable to go through all that they have to provide to purchase the one most suited to your goals and needs.

Also Read: 

Top 5 Endowment Plans For Wealth Appreciation

Why Buying Endowment Plans Online Is A Good Option?

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.