Endowment plans are a popular investment option in India, offering a unique combination of insurance coverage and savings. In this comprehensive guide, we will delve into the intricacies of endowment plans, shedding light on how they work and what makes them a compelling choice for many individuals. What is an Endowment Plan? Endowment plans are insurance-cum-investment policies that provide financial protection in case of the policyholder’s untimely demise and offer maturity benefits if the policyholder survives the policy term. These plans serve as a way to save and accumulate funds…
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