Description
Endowment Life Insurance typically combines a term life insurance with a saving program.
Our Endowment Plans guarantee a lump sum benefit after a specific period (on maturity) or in instalments at fixed intervals throughout the life of the plan. Each Plan offers a risk-free saving program with a guaranteed return and is an ideal savings mechanism to fund your child’s future college or university education.
If death occurs during the life of the policy, your beneficiaries receive the full Sum Assured regardless of whether instalments were paid. This feature is not available for our Educational Endowment, Non-Participating Plan.
Customisation Options
You have the added flexibility of customising your Endowment Plan by purchasing the following add-ons known as riders.
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- Total Disability
- Accidental Death and Dismemberment
Endowment 4-Payment, Participating Plan
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- 4 cash payouts every 5 years for 20 years up to the maximum of the Sum Assured
- Dividends paid at maturity
Endowment 5-Payment, Non-Participating Plan
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- 5 cash payouts every 3 years for 15 years up to the maximum of the Sum Assured
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