Home » Personal Finance » Insurance » Endowment Insurance Policy In Less Than 60 Seconds | #Shorts | EP. #205
Endowment Plan is a life insurance policy designed to pay a lump sum after a specific term. Or, on death of the insured person. Despite being one of the most popular insurance policies out there, Endowment Plans are terrible when it comes to actual returns, flexibility and surrender benefit.

THIS is the annual premium of LIC’s New Endowment Plan for a SUM ASSURED of Rs. 1 Crore, for a 35-year old male, for a Premium Payment Term of 30 years. It means, the nominee of the policy will get Rs. 1 crore + applicable BONUS on death of the insured person. Or the insured person will get Rs. 1 Crore + BONUS on maturity (that is after 30 years).

Now what’s wrong with this policy? Watch the next #OneShot to find out why.

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Happy Investing/Trading! 🙂

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Mahesh Mohan

Agnostic, Apolitical, Bluephile, Brutally honest, Curious, Digital Creator, Finance geek, Marketing ninja, Microsoft fanatic, Multi-passionate nerd, Overthinker, Perfectionist, Workaholic.

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