Endowment Plan
✓ Last verified 14 Sep 2026
The short version
An endowment plan combines a smaller life insurance payout with a fixed/modest savings component - if you survive the term, you get a maturity benefit; if you don't, your nominee gets the sum assured.
An endowment plan is one type of traditional life insurance product, guaranteeing a maturity benefit on survival alongside a death benefit if the policyholder passes away during the term - typically with fixed or bonus-linked (not market-linked) growth, distinguishing it from a ULIP's market-linked investment component. See our term vs. traditional life insurance article for the broader comparison against pure term cover.
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