Endowment plans are savings insurance that allow consumers to save and accumulate cash for their future needs. Such plans are structured in such a manner that policyholders can acquire a regular saving habit to build wealth and achieve financial goals in life.
Encourages Financial Discipline: Make savings a regular financial habit.
Low-Risk Investment: The summed up guaranteed returns tend to be higher than fixed deposits despite having relatively lower investment risk as compared to direct investment to assets in financial markets.