Are you a shopaholic? – Someone who finds it extremely hard to stop buying stuff that is not a necessity, to merely satisfy and quench your desires. To bring a halt to this behaviour of yours and to start saving money buy an Endowment Policy and lead a secured life!
Even though an Endowment Policy is a life insurance policy, it not only covers your life but also helps you save for a specific period of time. A lump sum amount is given to the policyholder on policy maturity if he/she succeeds in completing the policy term.
Under the Life Insurance Endowment Policy, the benefit of full sum assured is given to the beneficiaries even after the demise of the policyholder during the policy term or to the insured on maturity, if he/she survives during the policy term.
Thus Endowment Policy serves dual purposes; firstly, it provides you with life …