Here's how taking an endowment plan could help you | edocr

Narendra Singh02 Dec, 2021Finance

An endowment plan is an insurance product that combines life insurance, savings, and a bit of investment too. The insured individual receives a lump sum payout when the plan matures. In addition, there is death coverage included ? theplan?s nominee will receive a death benefit payout if the insured individual passes away while the plan is still active.